19.06.2024 11:42:10 - dpa-AFX: EQS-News: World's smallest PV micro-inverter: Solarnative is for sale (english)

World's smallest PV micro-inverter: Solarnative is for sale

EQS-News: Solarnative GmbH / Key word(s): Strategic Company
Decision/Disposal
World's smallest PV micro-inverter: Solarnative is for sale

19.06.2024 / 11:41 CET/CEST
The issuer is solely responsible for the content of this announcement.

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World's smallest PV micro-inverter: Solarnative is for sale

The GreenTech company, founded in 2019 and based in Kriftel near Frankfurt
a. M. (Germany) with currently around 130 employees around the founder and
solar pioneer Henk Oldenkamp did not only develop, patent and commercialize
the smallest inverter in the world in recent years, but it also created the
necessary production and sales structures. Now a strong investor or buyer is
being sought to ensure the continued existence of the unique technology.
Interested investors are welcome to initiate discussions with CEO Dr. Julian
Mattheis at the Solarnative booth B4.370 at the "Intersolar" industry trade
fair that started today in Munich (June 19th to 21st).

"We've reached a point where we have to rely on a new major investor or
buyer to actually bring the world's smallest PV inverter into the rooftop
market," sums up Dr. Julian Mattheis, Managing Director of Solarnative GmbH.

High-tech patents, functioning factory, US suitability: "Everything is set -
Solarnative is presented on a silver plate."

At Hofheim near Frankfurt, next to a warehouse with several thousand
pre-produced inverters, there is a ready-to-go and running factory with 80
skilled employees and a production capacity of 50,000 micro-inverters per
month. Mattheis: "The feedback from the market is overwhelming - from
wholesalers to small installation companies there is great enthusiasm for
the advantages of our technology, and we expect well-filled order books as
soon as we can give the starting signal for our rooftop system. Everything
is actually in place for a ramp-up and global roll-out. To secure the
urgently needed liquidity for the market ramp-up, we are now trying to very
quickly find a buyer for our company and our technology, which, by the way,
is also prepared for the US market. We have now decided to go on the
offensive and make our challenging situation public at the start of the
world's leading industry trade fair "Intersolar". Ultimately, all potential
interested parties or investors are more or less directly on site here. We
are already in dialogue with some of them, but I think it makes sense to
expand the circle a little more."

The entire Solarnative team is looking forward to an exciting "Intersolar",
where Dr. Julian Mattheis is available for personal discussions at booth
B4.370. Ideally, the investor/buyer should be found by the end of the week.

About Solarnative
Solarnative is a German GreenTech company with headquarters in Kriftel near
Frankfurt am Main. The modular plug & play system was developed to
facilitate the planning and installation of PV systems while maximizing
yield and safety. The company, founded by Hendrik Oldenkamp (CTO) and Dr.
Julian Mattheis (CEO) in 2019, currently employs 130 people at four
locations in Germany and China. Solarnative received an award from Infineon
in 2022 for its innovation of the smallest and fastest inverter in the
world.

Contact
Julian Mattheis | +49 172 1815519 | j.mattheis@solarnative.com

Follow Solarnative
LinkedIn | Instagram | Facebook


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19.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Solarnative GmbH
                   Am Holzweg 26
                   65830 Kriftel
                   Germany
   E-mail:         info@solarnative.com
   Internet:       www.solarnative.com
   ISIN:           DE000A382517
   WKN:            A38251
   Listed:         Regulated Unofficial Market in Frankfurt
   EQS News ID:    1928805




End of News EQS News Service
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1928805 19.06.2024 CET/CEST

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