Interim Management Statement 1 January-31 March 2020

Interim Management Statement 1 January-31 March 2020

PR Newswire

STOCKHOLM, April 23, 2020

STOCKHOLM, April 23, 2020 /PRNewswire/ -- EO Dr Martin Edlund: "Our current strong cash position allows us to focus on creating industrial value and promote the market uptake of our unique product. This fits well with the bigger picture and macro trends where we see and hear encouraging messages from EU leaders and politicians on the support for the renewable agenda."

Significant events during the reporting period           

After the end of the reporting period           

The Group in summary January-March 2020           

The Interim Management Statement is available on Minesto's website:

For additional information please contact

Magnus Matsson
Head of Communications & Investor Relations, Minesto AB

The information in this press release is such that Minesto AB (publ) shall announce publicly according to the EU Regulation No 596/2014 on market abuse (MAR). The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CEST on 23 April 2020.

About Minesto

Minesto is a leading marine energy technology company with the mission to minimise the global carbon footprint of the energy industry by enabling commercial power production from the ocean.

Minesto's award winning and patented product, Deep Green, is the only verified marine power plant that operates cost efficiently in areas with low-flow tidal streams and ocean currents.

With more than €40 million of awarded funding from the European Regional Development Fund through the Welsh European Funding Office, European Innovation Council and InnoEnergy, Minesto is the European Union's largest investment in marine energy to date.

Minesto was founded in 2007 and has operations in Sweden, Wales, Northern Ireland and Taiwan. The major shareholders in Minesto are BGA Invest and Midroc New Technology. The Minesto share (MINEST) is traded on Nasdaq First North Growth Market. Certified Adviser is G&W Fondkommission, email: telephone: +46-8-503-000-50.

Read more about Minesto at

Press images and other media material is available for download via

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The following files are available for download:

Interim Management Statement Q1 2020

PR Interim Management Statement Q1 2020


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