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ANNOUNCEMENT SYSTEMS SUNLIGHT SA

ANNOUNCEMENT SYSTEMS SUNLIGHT SA

Following our prior announcement regarding the fire incident at our Company’s Production facility in Xanthi and in order to inform in more details the investors, Sunlight Systems SA discloses the following: Our Company is working with the competent authorities, expert teams and insurance companies in order to assess as quickly as possible the damage caused at a part of our plant, and in particular at the industrial battery production line and the building where this was operating. The affected production line has contributed to a significant proportion of the Company’s annual turnover and for this reason we are looking for alternatives to serve our customers and mitigate losses in our turnover, such as the purchase of existing products by third parties or the assignment of their manufacture to third parties in order to deliver them to our customers. The precise percentage of replacement of losses cannot currently be assessed. The production line of advanced technology batteries have not been substantially affected and has suffered only limited damage. In addition, the affected facilities are adequately insured against all damage by a consortium of 8 insurance companies. This insurance covers both property damage and the loss of profit. However, since the exact time of the insurance reimbursement cannot yet be precisely determined, our Company intends to request from the consortium of insurance companies within the next few days an advance payment against the final insurance amount. The advance payment will be used together with own funds and available credit lines to meet the needs that will arise to restore as soon as possible operations at the affected part of the plant.... read more
Announcement Of Olympia Group for System Sunlight

Announcement Of Olympia Group for System Sunlight

Following the fire incident that took place on May 1st in a part of our battery manufacturing plant of Systems Sunlight, a member of Olympia Group in Neo Olvio Xanthi, the Board of Management of Olympia would like to inform that:   The management team of Sunlight is in contact and close collaboration with the relevant authorities and stakeholders in the region, and all employees are completely safe and in good health.    The management of the company will immediately proceed to a full assessment of the situation and the damage caused by the fire to a part of the factory, aiming at its quickest restoration. We are committed to restart our production as soon as possible in order to continue to service our customers around the world. During the repair of the damage, all jobs will be maintained.  In addition, the company, on its own initiative, has assigned to a specialized Environmental Technical Advisory Company the immediate implementation of additional environmental audits and measurements at the factory site, in addition to the preventive checks carried out by the competent parties.   Mr. John Karagiannis, President of the Olympia Group, stated: “We are very proud of our factory that through systematic work the last 20 years, has become the largest in Europe and exports all over the world. Despite yesterday’s unfortunate, I would like to reassure that we will keep all work positions intact, we will quickly restore damage to the affected part of the plant and we will make it even better than before. At the same time we will continue to cooperate with the local authorities on... read more
ANNOUNCEMENT SYSTEMS SUNLIGHT SA

ANNOUNCEMENT SYSTEMS SUNLIGHT SA

Systems Sunlight SA, a member of the Olympia Group, informs the investing public that as regards the fire that occurred at a part of its factory in Xanthi on May 1st, it will proceed as soon as possible to the assessment of the situation and the damage that has been caused. The Company will make every effort to ensure that its productive activity is restored as soon as possible in order to continue servicing its worldwide customers. Athens, 2nd of May... read more
ANNOUNCEMENT SYSTEMS SUNLIGHT S.A.

ANNOUNCEMENT SYSTEMS SUNLIGHT S.A.

On May 1st, shortly before 13.00 PM, a fire occurred for an unknown until now reason at SYSTEMS SUNLIGHT battery factory at Olvio, Xanthi, Northern Greece. The emergency systems have fully deployed, the security procedures have been strictly followed while authorities were informed. All employees are absolutely safe and well. The fire department has made every effort to extinguish the fire, which is already under control. It is clarified that there is no risk of toxic gases for the area. The company’s Management is in constant contact with the authorities on the matter. When deemed necessary, the company will proceed with further announcements. For any further information you may need, please contact: Anthi Trokoudi, on +306932100053, or Vaso Griva... read more
A major recognition for SYSTEMS SUNLIGHT  in this year’s “Growth Awards”

A major recognition for SYSTEMS SUNLIGHT in this year’s “Growth Awards”

The company was awarded in the category “Development of Markets and Products” SYSTEMS SUNLIGHT, member of Olympia Group, was honored with the “Development of Markets and Products” award among 8000 companies during the second organization of “Growth Awards” organized by Grant Thornton and Eurobank. This distinction underlines the strong position of the company in the global market of energy storage systems, its dynamic export orientation, as well as the credibility of its products, produced in the industrial unit located in Neo Olvio, Xanthi, Greece. “Growth Awards” are established by Eurobank and Grant Thornton aiming to award and acknowledge companies which combine high financial performance levels along with a successful and modern business profile that contribute to the formation of a new, entrepreneurship environment and employee culture in the country. Based on the evaluation procedure “Financial Growth / Health Matrix” of Grant Thornton and Eurobank, and the contribution of a 15-member Committee formed by extinguished members of the Greek academic and business society, SYSTEMS SUNLIGHT managed to achieve the highest performance level in the category “Development of Markets and Products”. This recognition places SYSTEMS SUNLIGHT among the top companies which contribute to, and at the same time inspire, the creation of modern, dynamic and competitive dimensions in Greece. During the event that took place at the Athens Concert Hall, Mr. V. Billis, Chairman and Chief Executive Officer of the Company stated: “We would like to thank the organizers of the event “Growth Awards” for this great honor. We are especially delighted to receive such a distinction today, which demonstrates essential characteristics of our Company, namely the innovation in product development and... read more
SYSTEMS SUNLIGHT was acknowledged as an excellent supplier by HYSTER-YALE Group for 2016

SYSTEMS SUNLIGHT was acknowledged as an excellent supplier by HYSTER-YALE Group for 2016

SYSTEMS SUNLIGHT is distinguished by thousands of suppliers of the Hyster – Yale Group, and was awarded as an excellent supplier for 2016, for the quality and delivery times of its products, achieving 100% in both categories, through a demanding selection process. SUNLIGHT is the only battery company that receives the “Roll of Honor” distinction from the Hyster – Yale Group. The global Hyster-Yale Group is the world’s fourth-largest forklift manufacturer, with a turnover of $ 2.7 billion. He has developed relationships and has been working with customers, suppliers and dealers for more than 80 years in the field of designing, manufacturing and selling forklifts equipment and components worldwide, under the brand names Hyster and Yale. As stated by the Hyster-Yale Group representatives, “We would like to thank SUNLIGHT, for our effective collaboration that highlights the credibility and strength of the company. We are confident that this successful course will continue.” According to SUNLIGHT’s Chef Commercial Officer, Mr. L. Bisalas, “The award from a leading group such as Hyster-Yale, is a special honor for SUNLIGHT and its people as it rewards our constant efforts for meeting our customers’ high standards, especially at the Original Equipment Manufacturers (OEMs) market. We stay fully committed to our goal of preserving and further developing our global presence, by offering products and services of superior quality that add value to our customers.... read more