Valoe and Simoldes move on towards a specific Stellantis car innovation project. Significant growth opportunities in 2024 and onwards.
11 Mayo 2023 - 2:10AM
Valoe and Simoldes move on towards a specific Stellantis car
innovation project. Significant growth opportunities in 2024 and
onwards.
Valoe
Corporation Inside
information 11 May 2023 at 10.10 (Finnish
time)
Valoe Corporation (“Valoe” or the “Company”) has received
another new purchase order from Simoldes Plásticos S.A.
(”Simoldes”). The previous one was received just some weeks ago.
This new project aims for building a prototype of a polymer
based solar window for a Stellantis passenger vehicle. The new
window will provide electricity for extending the range and to
support electronic devices such as air conditioning and
infotainment. In terms of value, the order is equivalent to Valoe’s
early-stage prototyping projects and does not have a significant
influence on the revenue or profit in 2023. Valoe expects the
project to lead to significant income in 2024 and onwards.
Iikka Savisalo, CEO of Valoe says: “This kind
of fully integrated solar system will evidently be part of the
electrification of mobility in the future. Photovoltaic systems are
integrated into the car panels and now also into the windows. A car
with its more and more efficient solar charging system would not
only get extra energy and functionality itself but also turn to a
power plant with its solar charged battery pack providing
electricity to the owner’s house. This kind of new technology could
make motor vehicles as contributors to the transition into greener
energy production instead of being only energy users. We at Valoe
are proud to partner with such a prominent and forward-looking
partner as Simoldes.“
Júlio Grilo, Research and
Innovation Head of Simoldes Plásticos S.A., comments: “It has been
our pleasure to work with Valoe in our previous projects. Simoldes
and Valoe share the same vision of making solar one of the key
innovations for the motor vehicle industry. Valoe’s ability to use
polymers as base material for its solar panels is unique. We at
Simoldes can hopefully use Valoe’s modules in several large
projects. Once again, we look forward to providing together with
Valoe better service and product innovations to our automotive
customers.”
Simoldes Plásticos
S.A. is a Portuguese company, subsidiary of
Simoldes Group, with 22 manufacturing sites in 13 different
countries. Simoldes is Europe's largest mould maker, supplying
plastic injection moulds and plastic components for the
automotive industry. Simoldes Group’s main customers are worldwide
automotive manufacturers like Stellantis (Peugeot, Citröen, DS
Automobiles, Opel, Fiat, Chrysler, Jeep, Alfa Romeo),
Renault, Porsche, BMW, Mercedes-Benz, Volkswagen and Audi.
https://www.simoldes.com/en/plastics/
Valoe is an innovative technology company based
in Finland that operates in the clean energy business. The
company’s objective is to have clean solar electricity available
for everyone everywhere. Valoe’s solar module plant is located in
Juva, Finland, and the company has an IBC solar cell plant in
Vilnius, Lithuania.
In Mikkeli 11 May 2023
Valoe Corporation Board of Directors
For more information: Iikka SavisaloPresident and CEO, Valoe
CorporationTel. +358 40 521 6082, email:
iikka.savisalo@valoe.com
Distribution:NASDAQ OMX, Helsinki Main media www.valoe.com
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