4.6.2025 11:00:01 EEST | Merus Power Oyj | Company Announcement
Merus Power will deliver the largest single active filter order in its history to Egypt. The order is worth approximately 6 million euros and is being placed by a significant governmental infrastructure development project. The order is expected to be recognized as revenue over the next 12 months. The active filters are designed to improve the energy efficiency and reliability of numerous motors used in the project. Active filters are a standard product of the company and thus its traditional key expertise.
The commissioning and site management will be made with a local partner, ETA Electric. The project is an important infrastructure development project in Egypt. Ensuring power quality and improving energy efficiency with Merus Power's active filters contributes to the overall effectiveness of the project.
"Merus Power is constantly supplying active filters around the world in smaller deliveries, which are part of the company's normal international business. These are not usually announced explicitly, so it is particularly pleasing to be able to announce a more significant transaction. Merus Power's advanced active filter technology reduces disturbances in the electricity grid, improves energy efficiency and increases the reliability of the whole process. It's great to be able to support the success of an important infrastructure project with our technological expertise," comments Kari Tuomala, CEO of Merus Power.
Disclosure regulation
The original of this document has been made in Finnish. In case of any discrepancy, the Finnish version will prevail.
Contacts
- Aktia Alexander Corporate Finance Oy, Certified Adviser, +358 50 520 4098
- Jonna Kannosto, Director, Communications and Investor Relations, +358 44 357 8320, jonna.kannosto@meruspower.com
- Kari Tuomala, CEO, +358 20 735 4320, kari.tuomala@meruspower.com
About Merus Power Oyj
Merus Power is a technology company driving the sustainable energy transition. We design and produce innovative electrical engineering solutions such as energy storages and power quality solutions, and services for the needs of renewable energy and industry. Through our scalable technology, we facilitate the growth of renewable energy in the electricity grids and improve the energy efficiency of society. We are a domestic specialist in innovative electrical engineering and operate in global and high-growth markets. Our personnel represent internationally renowned engineering expertise. Our net sales in 2024 was EUR 35.8 million and our stock's trading symbol on the Nasdaq First North Growth Market Finland is MERUS.
