ROTOTEC OY AND ROBIT OYJ DEEPEN THEIR CO-OPERATION

ROTOTEC OY AND ROBIT OYJ DEEPEN THEIR CO-OPERATION

ID: 543439

(Thomson Reuters ONE) -


ROBIT PLC PRESS RELEASE 16 MAY 2017 AT 2.00 P.M.

ROTOTEC OY AND ROBIT OYJ DEEPEN THEIR CO-OPERATION

Rototec Oy and Robit Oyj have signed a comprehensive co-operation and delivery
agreement. The target of the collaboration is to advance the utilization of
geothermal energy both in Finland and Scandinavia. The agreement contains also
product development in co-operation to meet the industry's development trends,
such as increasingly deeper geothermal bore holes.
The agreement is a continuum for the companies' existing co-operation being even
more comprehensive.
Rototec Oy is the largest European provider of geothermal energy solutions as
well as the innovative reformer of the industry. The company meets new
possibilities on the field of increasing utilization of renewable energy.
Rototec Oy has also started providing consultant services in China, where
geothermal heating solutions are strongly becoming common.
Robit Oyj is a strongly internationalized growth company selling and servicing
global customers in drilling consumables. Geothermal wells have formed an
important and growing segment as a part of the company's business. Geothermal
energy solutions have expanded from private economies to apartment buildings,
large business centers as well as warehouses. Technology enables also cooling at
present.
ROBIT PLC

Harri Sjöholm, Chairman

Further information:

Robit Plc

Tuomo Niskanen, Vice President
+358 40 150 8777
tuomo.niskanen(at)robit.fi

Certified Advisor
Skandinaviska Enskilda Banken AB (publ) Helsinki Branch
Tel. +358 9 6162 8101

Robit is a strongly internationalized growth company selling and servicing
global customers in drilling consumables for applications in mining,
construction and contracting, tunneling and well drilling. The company's




offering is divided into three product and service range: Top Hammer and Down-
the-Hole products as well as Digital Services. Robit has 21 own sales and
service points as well as active sales networks in 115 countries. The
manufacturing units are located in Finland, South Korea, Australia, UK and USA.
Robit is listed in Nasdaq Helsinki Ltd's First North Finland marketplace with
trading code ROBIT. For more information, see www.robitgroup.com.

Distribution:
Nasdaq Helsinki Ltd
Key media
www.robitgroup.com



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Robit Oyj via GlobeNewswire




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Bereitgestellt von Benutzer: hugin
Datum: 16.05.2017 - 13:00 Uhr
Sprache: Deutsch
News-ID 543439
Anzahl Zeichen: 3112

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