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Joakim Byström, Managing Director, Absolicon, is looking forward to the venture on Spain. At home in Sweden there is still a great interest in both Absolicon and the product Solar8.
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Exoro Capital, owned by the Thomaeus family in Stockholm, is providing 4 million kronor to Absolicon Solar Concentrator. The Venture Capital shall, among other things, establish the noted solar concentrator company in the Spanish market.
Härnösand April 14, 2008
"We have had contact with many different venture capital companies in the past year. Of course we have sought capital, but it has been just as important to find competence," says Absolicons' Managing Director, Joakim Byström, who, with a little hindsight, thinks that it was wise to wait for the "right" investor.
"We had to play it cool. The company has received a lot of attention, prizes and acclaim – but, of course, we can't live on prize money forever," he stated.
Absolicons' first product, the Solar Concentrator, has received a lot of attention. Solar8 concentrates and converts energy from sunlight and generates both electricity and heat. With the risk capital Absolicon will make a concentrated effort in Spain, which is the most important market right now.
Acclaim and Nominations 2008
• Absolicon has been nominated by the World Wide Fund for Nature as one of 12 climate entrepreneurs that can convert Sweden into a low-emissions economy.
• Absolicon is one of 33 companies identified by Ny Teknik (a technical newspaper) and Affärsvärlden (a weekly business magazine) as being the most interesting technology companies in Sweden
• Absolicon has been selected as one of 30 exhibitors at STING Innovation & Technology 2008 - Sweden's leading event for and with technological entrepreneurs
• Absolicon is nominated to Global Awards 2008
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