Thanks to the sunny weather in May both in Central Europe andAustralia the proprietary power plants of Photon Energyoutperformed the forecasts by 5%, whereas the first connected solarpower plant in the Hungarian town of Fertőd produced 10.3% abovethe energy audit.
On 10 May, Photon Energy CEO Georg Hotar held an online investorchat organised jointly with the Polish Retail Investors AssociationSII. In one of the most widely attended chats to date, investorsdirected many questions relating to the company’s financialperformance in 2017 and 2018Q1 as well as the company’s prospectsacross its key business lines at the company’s management. Thetranscript of the chat is available in the Investor Relationssections of the company website.
Photon Water Technology helps solving the problem of growingalgae in one of the largest water reservoirs in Prague. In mid-MayPhoton Water Technology (PWT) installed three floatingsolar-powered ultrasound blocks, equipped with ultrasound emittingtechnology and a battery for energy storage aimed at eliminatingalgae. Last year the quality of water there had been checked anddeclared too dangerous for bathing due to the high algaeconcentration. Within 13 days of installation an independentlaboratory water analysis confirmed complete algae removal thanksto the PWT solution. To date PWT installed and operates ten suchfloating solar-powered ultrasound blocks in four locationsthroughout the Czech Republic.
As previously reported, on 8 May KFM Deutsche Mittelstand AGannounced that it invested via its dedicated SME corporate bondsfund, the Deutscher Mittelstandsanleihen FONDS, in the PhotonEnergy EUR Bond 17/22. The total investment was in the amount ofEUR 2 million. As of the reporting date the total outstandingamount of the EUR bond 17/22 was EUR 17.413 million.
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MEDIA CONTACT
Anastasia Hotar
T +420 775 861 732
E anastasia.hotar@photonenergy.com
