DGAP-Ad-hoc: TubeSolar AG / Key word(s): Financing/Product Launch
TubeSolar AG: Free State of Bavaria supports innovative agro-photovoltaic solution with a double-digit million euro amount
- Non-repayable grants from Bavarian Energy Research Programme awarded
- Further expansion of production at Augsburg site planned
Augsburg, September 16, 2020 - TubeSolar AG (ISIN DE000A2PXQD4, Dusseldorf Stock Exchange), an innovative manufacturer of robust thin-film tubes for solar energy generation with a focus on applications in agriculture (agro-photovoltaics), today received notification from the Bavarian Ministry of Economic Affairs of a grant in the lower double-digit million euro range from the Bavarian Energy Research Programme. These are non-repayable grants. The funding is provided over a period of three years.
About the Bavarian Energy Research Programme
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This release may containforward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of the Company. Forward-looking statements are not guarantees of future results and developments and involve known and unknown risks and uncertainties. The actual future results and developments concerning the company may therefore differ substantially from the expectations and assumptions expressed here due to various factors. These factors include, in particular, changes in the general economic situation and the competitive situation, risks arising from developments in the financial markets, exchange rate fluctuations and changes in national and international laws and regulations, particularly with regard to tax laws and regulations, as well as other factors. The company assumes no obligation to update the statements contained in this release.
16-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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1132237 16-Sep-2020 CET/CEST