Munich Re to cover power output of ECO modules
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Eco Supplies Europe AB /
Munich Re to cover power output of ECO modules
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Gothenburg, 2011-04-15
Eco Supplies Solar AB ("Eco Supplies" or the "Company") today announced that it
successfully signed a deal with the German insurance company Munich Re for an
insurance solution that will cover the performance warranty of its photovoltaic
modules.
The insurance covers the performance warranty of Eco Supplies photovoltaic
modules for a period of 25 years in accordance with the standard warranty
conditions offered by the Company, guaranteeing an output of 90% in the first
10 years and 80% in the remaining 15 years.
The unique insurance solution has been developed by Munich Re's Special
Enterprise Risk division specifically to meet the requirements of the
photovoltaic industry and is aimed at increasing the customers' confidence in
the Company's solar modules.
Mr. Svante Kumlin, the new company CEO, comments:
"We are very happy to have finalized this deal with Munich Re; we strongly
believe it will aid us in strengthening our position in the market. Eco Supplies
Solar have been producing modules for over 19 years and never had any major
issues with warranty claims, this insurance will further improve our customers'
confidence in the fact that we put quality and reliability first. It will also
be a strong advantage for the customer when seeking financing for their solar
parks with banks and credit institutions."
For more information about the Eco Supplies Group, please
visitwww.ecosupplies.eu or contact us via email: info(at)ecosupplies.eu or by
telephone +46 (0)10-207 99 90.
About Eco Supplies Europe AB: visitwww.ecosupplies.eu
Eco Supplies Europe AB is a Swedish holding company that is listed on Deutsche
Börse (www.boerse-frankfurt.de). The company's shares are trading on Xetra under
the ticker 7C0. It is a fast growing company with activities in Renewable Energy
Supplies and Ecological Office Supplies. Solar division established in 1992 and
formerly known under the brand name Gällivare PhotoVoltaic AB, Eco Supplies
Solar was the first company of its kind in northern Europe and it is the largest
Scandinavian producers of high quality Solar Power Modules.
About Munich Re: visitwww.munichre.com
The Munich Re Group operates worldwide, turning risk into value. In the
financial year 2008, it achieved a profit of ?1,528m on premium income of around
?38bn. The Group operates in all lines of business, with around 44,000 employees
at over 50 locations throughout the world and is characterised by particularly
pronounced diversification, client focus and earnings stability. With premium
income of around ?22bn from reinsurance alone, it is one of the world's leading
reinsurers. The primary insurance operations are mainly concentrated in the ERGO
Insurance Group. With premium income of over ?17bn, ERGO is one of the largest
insurance groups in Europe and Germany. It is the market leader in Europe in
health and legal expenses insurance, and 40 million clients in over 30 countries
place their trust in the services and security it provides.
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Eco Supplies Europe AB
Stora Åvägen 21 Askim Sweden
WKN: A0X9L7;ISIN: SE0001717885;
Listed: Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;
Press release (PDF):
http://hugin.info/142396/R/1506717/441498.pdf
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originality of the information contained therein.
Source: Eco Supplies Europe AB via Thomson Reuters ONE
[HUG#1506717]
Unternehmensinformation / Kurzprofil:
Datum: 15.04.2011 - 09:00 Uhr
Sprache: Deutsch
News-ID 53592
Anzahl Zeichen: 4438
contact information:
Town:
Askim
Kategorie:
Business News
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