Scandinavian House and 24-7 Solar announce license agreement

Scandinavian House Development SA (“SHSA” or the “Company”) and its close business partner 24-7 Solar Ltd.
(“24-7”) have entered into a worldwide license agreement. Both partners will market renewable energy production and storage solutions for residential and industrial housing markets. Pursuant to this agreement, SHSA will receive a license fee between 1 and 3 percent on each contract volume that 24-7 Solar signs with external clients. 24-7 Solar expects the combined amount of royalties to be up to approximately CHF 10 million over a period of 5 years.

This license agreement is considered to be the first step of a full integration of 24-7 Solar Ltd. into Scandinavian House Development SA. 24-7 Solar has developed a number of applications and concepts within the solar power industry. The base is small scale solar energy production, with or without, accompanying energy storage, scalable and in different applications. For information about 24-7 Solar Ltd see their website



Route d’Oron 2, 1010 Lausanne, Switzerland
Exchange: NYSE Euronext Paris
Market: Marché Libre
ISIN: CH0220529603
Symbol : MLSHD

Disclaimer; Forward-Looking Statements:

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