Industrial Solar: Annual Report 2018

Industrial Solar Holding Europe AB publishes its Annual Report 2018

The financial data for the annual report 2018 are referring to the restart from our activities for the
period from August to December and thus do not reflect a full business year of our project business
for solar process heat turnkey solutions for industrial applications.
In general cleantec has been an incredible dynamic market in the last decade – and it is still taking up
momentum. Especially the thermal energy demand in the industry is still a business field with
extremely high market and technology potential. Thus Industrial Solar put a huge effort to optimize
the design of its innovative Fresnel collector for industrial process heat applications over the last
years. Several lighthouse projects have been realized. For some of them we have delivered the
complete system as a turnkey-solution. By doing so, there was a clear investment path developed to
achieve the next cost reduction and design level for the Fresnel collector technology.
In 2018 the cooperation with Absolicon Solar Collector AB was of great help to get listed at the stock
market Spotlight in Sweden and to use the proceeds from the issue for the investment path. Of which
65% will be used for collector and system technology development and 35% for international sales
and marketing as well as project development activities.
By taking a look in all the chapters of this report you will receive a good overall description of our
business and the potential and short-term outlook of our company.

The annual report 2018 is published today in Swedish language. The English version will follow soon.