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Press release

Energy Save has delivered products to Saudi Arabia

ES Energy Save Holding

ES Energy Save has entered into an agreement with a client in Saudi Arabia regarding a test order for a heat pump ES M40 R290 controlled by ES NordFlex controller to be installed in a factory for firefighter equipment, located in Saudia Arabia. After the test phase, Energy Save and the client will evaluate terms and conditions for further collaboration.

These are the first Energy Save heat pumps delivered to Saudi Arabia.

“We are pleased that there is interest in Saudi Arabia for the heat pumps we have developed in Sweden. Recently, Energy Save is getting attention from non-European markets for our competitive products from commercial segment. Our latest order outside Europe was our collaboration of 500kW to Chile,” says Yibo Zhao, deputy CEO at Energy Save.

“With right products and right customer support, we can reach markets also outside our traditional markets in Europe. This just shows that Energy Save has the right long-term strategy and that we are on the right track,” says Marjan Laure, Sales manager at Energy Save.

This order has limited effect on revenue and cashflow, but is strategically important as it concerns a new geographical market.

Contacts
For more information, please contact:
Helena Wachtmeister, CFO, ES Energy Save Holding AB (publ)
Email: hw@energysave.se

About Us
ES Energy Save Holding AB (publ) is an innovative Swedish energy technology company that, through costeffective and smart air/water heat pump systems, contributes to sustainable energy conversion in Europe. The company has been supplying heat pumps to the European market since 2009 and is listed on Nasdaq First North Growth Market.

Image Attachments
ES M40 R290

Attachments
Energy Save has delivered products to Saudi Arabia

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