Minesto's CEO Dr Martin Edlund COO David Collier guide Ken Skates AM during the Cabinet Secretary's visit to Holyhead, Wales. Photo: Minesto

Minesto News Update 30 May 2018

May 30, 2018

· Minesto hosts Ministerial visit
· Second installation phase at Holyhead Deep completed
· Technical analysis of the Minesto share
· Company presentation at Aktiedagen Malmö
· Q1 Interim Management Statement published

Minesto hosts Ministerial visit

On Thursday, Minesto had the honour of being visited by Ken Skates AM, Cabinet Secretary for Economy and Transport in Wales, at the company’s UK head offices in Holyhead. The Cabinet Secretary was given an update of Minesto’s operations in Wales as well as a tour to see Minesto’s DG500 marine energy converter among other things.

“We had a very inspiring discussion with the Cabinet Secretary regarding the role and potential of marine energy in Wales. He was really interested in getting to know more about our unique technology and our activities in Anglesey”, said Minesto’s CEO Dr Martin Edlund.

Read more here.

Second installation phase at Holyhead Deep completed

Minesto has completed the second offshore installation phase of its DG500 project in Wales. Having installed the tether, micro grid system buoy and umbilical, all supporting components and systems needed to deliver the power produced by Minesto’s first system of the unique Deep Green technology in Utility Scale are now in place.

Read more here.

Technical analysis of the Minesto share

In the Friday edition of Swedish finance web TV show Trading Direkt, a technical analysis of the Minesto share was presented. See the analysis (in Swedish) here.

Company presentation at Aktiedagen Malmö

Minesto participated at Swedish share investor event Aktiedagen Malmö on the 22nd of May. CEO Dr Martin Edlund’s presentation (in Swedish) is available to watch online via this link.

Q1 Interim Management Statement published

Minesto AB's Interim Management Statement for the first quarter 2018 has been published. The statement is available, in Swedish only, under the Investor Relations section of Minesto’s web site.