News Article

Midsummer Recruits Production Manager From Saab

Sven Pettersson appointed to further increase production rate to meet global demand for CIGS technology

Recently listed Swedish CIGS solar energy technology company Midsummer has recruited a new production manager, Sven Pettersson, who was previously with Saab Industrial Group, where he worked with logistics, purchasing and production planning.

Pettersson has been working at the defence industry group Saab since 2011 in a variety of roles, most recently as production controller responsible for logistics and purchasing. Sven has previously worked with similar tasks in other companies, including Strålfors AB and Aerosol Scandinavia AB, and has a solid and long experience in logistics, purchasing and production planning. Sven has an education in information logistics and calculation from Linné University in Sweden. Sven starts his new employment at Midsummer on August 21.

"Mr. Pettersson has extensive knowledge and experience in logistics, purchasing and production planning. As Midsummer's new production manager he will be a good addition as we now intend to further increase our production rate to meet the increased global demand for our products", said Sven Lindström, CEO of Midsummer AB.

Since the beginning of 2018 Midsummer has increased the number of employees from 45 to 75, and plans are made for further recruitment in technology as well as marketing and sales.

Midsummer shares were listed on Nasdaq First North Stockholm on June 21 this year. In connection with the listing, the company implemented a heavily surrendered new issue of approximately SEK 100 million to expand its production capacity from about 10 to 40 DUO machines per year to establish a production line for "Clix by Midsummer" - a 'plug & play' metal roof with integrated solar cells, as well as for marketing and strengthening the working capital.

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