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Press releases

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Regulatory

June 01, 2020

Azelio business update - Continued progress and increased capital requirements due to Covid-19

Regulatory

May 19, 2020

Notice to extraordinary general meeting in Azelio AB (publ)

Regulatory

May 15, 2020

Azelio appoints new CFO

Fredrik Wäppling has been appointed new CFO for Azelio. The company is in a commercialization phase with several recently signed MoUs, first customer installation planned for Q4 2020 and serial production from Q3 2021. Fredrik provides the company with extensive experience in financing from leading positions in prominent growth companies.

Regulatory

May 14, 2020

Press release from annual general meeting in Azelio AB (publ) on 14 May 2020

Regulatory

May 13, 2020

Azelio interim report: The verification project started

The verification of Azelio’s storage technology in partnership with leading certification company DNV-GL has begun. An inauguration of Azelio’s energy storage took place at one of the world’s largest solar parks, Noor in Morocco. It was attended by government representatives, the World Bank and IFC, among others. In view of the current travel restrictions due to Covid-19 the verification will initially focus on the installation in Åmål, Sweden. Preparations for starting the verification of a further four energy storage units in Abu Dhabi, in collaboration with the company’s partners Masdar and Khalifa University, are continuing according to plan.

Azelio’s commercial successes continued in the fourth quarter with the signing of a memorandum of understanding with Hussein Atieh & Sons Co. (HAE) for a project in Jordan which will pave the way for a commercial partnership covering around 25 MW. The intention is that HAE will also become Azelio’s sales, installation and O&M partner in Jordan.

Regulatory

May 06, 2020

The Board withdraws the proposal regarding long-term incentive program

Regulatory

April 14, 2020

Notice to annual general meeting in Azelio AB (publ)

The shareholders in Azelio AB (publ), reg.no. 556714-7607, with its registered office in Gothenburg, are hereby summoned to an annual general meeting to be held on 14 May 2020 at 10.00 at the company’s facilities at Lindholmsplatsen 1 in Gothenburg, Sweden.

Regulatory

April 08, 2020

Adjusting the time plan for COVID-19

Regulatory

March 26, 2020

Business update on COVID-19

The coronavirus affects an entire world. At Azelio, we do what we can to reduce the spread of the virus and at the same time contribute to the positive social development that the company's product entails. At present the impact on Azelio is relatively mild, but travel restrictions mean that we cannot work at the pace nor from the places we planned for in all of our projects.

Regulatory

February 28, 2020

Year-end report: Continued fast pace towards commercial contracts

In the fourth quarter Azelio signed several Memorandums of Understanding for production facilities with customers in the US, Africa and the Middle East. The MoUs relate to system installations with a combined capacity of 184 MW.

Azelio’s verification project in Morocco was installed on schedule and began producing electricity at the end of the fourth quarter 2019. Verification data from the installation will be generated from the first quarter of 2020 onwards. This data is important in the work to convert MoUs into commercial orders together with customers.

To prepare for commercialisation and volume production in 2021, a new share issue was completed with preferential rights for existing shareholders. The share issue was oversubscribed and injected SEK 350 million into the company at the beginning of 2020.  

Regulatory

December 20, 2019

Correction: Azelio initiates collaboration in Oman

The correction refers to previously incorrect reference to the EU Market Abuse Regulation.

Regulatory

December 20, 2019

Azelio initiates collaboration in Oman

Regulatory

November 26, 2019

Press release from extraordinary general meeting in Azelio AB (publ) on 26 November 2019

At the extraordinary general meeting in Azelio AB (publ) in Stockholm the shareholders resolved upon the following:

Regulatory

November 25, 2019

Interim report January - September 2019: Azelio puts the pieces in place for volume production in 2021, as planned

Regulatory

November 18, 2019

Azelio signs MoU for 120 MWe of installations in California

 Azelio has signed a Memorandum of Understanding (MoU) with the US company BIODICO INC (Biodico) for a project in Atascadero, California. The MoU frameworks a collaboration over a capacity of about 120 MWe of Azelio’s energy storage technology in the US market until 2024. This capacity is distributed along the following timeline: 13 kWe in 2021 (Atascadero project), 15 MWe in 2022, 35 MWe in 2023 and 70 MWe in 2024. Fully installed, the capacity corresponds to approximately 9,000 units of Azelio’s system. 

Regulatory

October 24, 2019

The Board of Directors in Azelio intends to resolve on a partly guaranteed rights issue of up to approximately SEK 350 million

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.

Regulatory

October 24, 2019

Notice to extraordinary general meeting in Azelio AB (publ)

The shareholders in Azelio AB (publ), reg.no. 556714-7607, with its registered office in Gothenburg, are hereby summoned to extraordinary general meeting to be held on 26 November 2019 at 10.00 a.m. CET at the offices of Vinge law firm, Stureplan 8, Stockholm, Sweden.

Regulatory

October 17, 2019

Azelio sets up commercial project in Zambia

Azelio has signed a Memorandum of Understanding (MoU) with the Swedish company Nordic Distributed Power AB (ND Power) for a small-scale project in Zambia. The installation will operate under real-world commercial terms and serve as a model for ND Power’s future installations in the Southern African region.

Regulatory

October 09, 2019

Azelio sets up commercial project in Sub-Saharan Africa

Azelio has agreed on a Memorandum of Understanding (MoU) with the Swedish sustainable energy solutions company STELLA Futura, to work together on setting up a small-scale commercial project in Sub-Saharan Africa. The project’s objective is to demonstrate Azelio’s technology in a real-world commercial set-up, to pave the way for broader implementation in the region together with STELLA Futura.

Regulatory

August 21, 2019

Interim report: Azelio develops on plan or better – a technical breakthrough increases the potential

During the quarter the company announced a solution that allows its energy storage to also be charged using electricity, an important innovation beyond the stated plan. This broadens the uses of Azelio’s technology to include both solar and wind power, and also to more geographies.

Azelio’s CEO, Jonas Eklind, was awarded Mission Innovation Champion for Sweden.

An agreement has been signed with a sales agent for selling Azelio’s technology to deliver sustainable electricity to hospitals in Africa. In Pakistan, in the presence of Sweden's ambassador, a Memorandum of Understanding on reliable electricity supply in the country was signed. Dialogues have been initiated with the World Bank and UNHCR, among others.

In general, there is growing awareness of the need for substantial global expansion of micro grid systems for reliable baseload, not least as an alternative to today’s expensive and dirty diesel. This is attracting increased attention to Azelio’s unique sustainable and cost-effective technology.

Regulatory

June 18, 2019

Press release from annual general meeting in Azelio AB (publ) on 18 June 2019

Regulatory

May 17, 2019

Notice to annual general meeting in Azelio AB (publ)

Regulatory

April 26, 2019

Interim report Azelio – A positive first quarter

Regulatory

February 28, 2019

Year End Report 2018 Azelio AB

2018 was a positive and eventful year for Azelio. The demonstration of the Company’s proprietary energy storage technology attracted attention from around the world, resulting in enquiries from potential customers in over 50 countries. The Company’s development and industrialization is continuing according to plan towards a full-scale verification project later this year, smaller commercial projects next year followed by a ramp up in volumes. In the fourth quarter Azelio was listed on Nasdaq First North. With the listing, the company brought in 242 million SEK before transaction costs and 2,200 new shareholders, including several strong and long-term institutions.   

Regulatory

December 10, 2018

Trading in Azelio’s share on Nasdaq First North commences today

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.

Press release December 10, 2018