Midsummer increases order intake of solar panels by 550 per cent

[Stockholm, Sweden, April 1, 2021.] The Swedish manufacturer of solar cells and solar panels Midsummer (https://www.midsummer.se/) increased order intake of its thin, light and flexible solar panels SLIM (https://midsummer.se/midsummer-slim/), WAVE (https://midsummer.se/midsummer-wave/) and BOLD (https://midsummer.se/midsummer-bold/) by 551 per cent during the first quarter this year compared with the same period last year.

”We have shifted our business focus over the past year and are investing heavily in marketing our building integrated solar panels to the end consumer market as we see enormous potential for beautiful  and easily installed sunroofs that basically look like ordinary roofs,” said Sven Lindström, CEO, Midsummer.

Order intake of solar panels during the first quarter of this year amounted to SEK 9 870 000, an increase of 551 percent from the same period last year.

“The big increase in sales in this period is validation that we are on the right track. Our attractive roofs have been received very well by customers and demand is increasing strongly from both private and commercial property owners.”

“We are supported by more conscious customers, both in terms of environmental impact and design. Our hyper-efficient production process means that our panels have a carbon footprint that is only one tenth of most other panels,” concludes Mr. Lindström.

Midsummer will announce its full quarterly report on May 17.

Midsummer also develops and markets production equipment for solar cells in the form of the DUO system. DUO is the most widespread production system for flexible CIGS solar cells in the world.

Links to images and other press material: Press – Midsummer.

For additional information contact::

Peter Karaszi
Head of Communications, Midsummer
Email: peter.karaszi@midsummer.se
Tel: + 46 76 200 14 29

Skype: peterkaraszi

About Midsummer

Midsummer is a leading developer and supplier of advanced solar energy technology solutions for the production and installation of thin film solar panels. Its business offering includes equipment for cost-effective manufacturing of thin film solar cells as well as building-integrated photovoltaic (BIPV) solutions. Midsummer’s production process for thin film solar cells has a minimal carbon footprint compared to other production processes for solar modules. Midsummer’s DUO system has taken the position as the most widespread manufacturing tool for flexible CIGS solar cells in the world.

Midsummer develops and markets solar panels directly to end customers from its own production and via contract manufacturers. The Midsummer product range SLIM, WAVE and BOLD offers customers light, thin and flexible solar panels that result in attractive solar roofs.

Midsummer’s technology is based on a rapid process for the production of durable, flexible CIGS solar cells using sputtering of all layers of the solar cell in a sealed vacuum chain. The Company’s share (MIDS) is traded on Nasdaq First North Growth Market with G & W Fondkommission as Certified Adviser, phone: +46 (0)8-503 000 50, email: ca@gwkapital.se. For more information, please visit: midsummer.se

This disclosure contains information that Midsummer is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 01-04-2021 08:55 CET.

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