EPS Q1 2017: continuing sales growth and strong backing from European Investment Bank
• Q1 2017 revenues increased by 45% compared to Q1 2016, up to €1.6 million
• Orders backlog of €5.2 million, more than €100 million pipeline, including Nigeria, Kenya and Congo
• Draw-down of the €10 million first tranche of the European Investment Bank financing scheduled in June
• Italy opens ancillary services market to pilot renewable energy and storage projects
Paris – Milan, 15 May 2017 – The Board of Directors of Electro Power Systems S.A. (“EPS”), technology pioneer in energy storage systems and microgrids, listed on the French-regulated market Euronext Paris (EPS:FP), met on 15 May 2017, under the chairmanship of Massimo Prelz Oltramonti and approved the group sales (unaudited) and the operational update for the first quarter 2017.