Italeaf

partnership with Wulian to establish the joint venture WSAVE Co. Ltd - Seite 2

The new company WSAVE will promote smart energy efficiency solutions for large complex buildings. It will combine unique advantages of Wulian Smart Home system and frontier technologies and Italeaf Group smart energy solutions, to create an integrated system for smart home and green building.
"This strategic cooperation with Wulian is of great importance as it will increase our popularity in China and further expand our business in fields of new energy, IoT and real estate. Wulian is a company having a positive influence in Smart Home globally, and we are delighted to work together with Wulian to explore new business opportunities", said Stefano Neri, Chairman of Italeaf Group.
"As an innovative company in IoT field, Wulian has devoted itself to the exploration of energy saving and has provided customers with energy-saving solutions based on the big data analysis on the energy consumption of electrical devices" - Jaken Zhu, founder and CEO of Wulian, stated - "Italeaf Group is specialized in the field of renewable energy. The partnership with Italeaf Group will accelerate our pace of expanding business in smart building, and Wulian Smart Home system is expected to play a greater role in green building in future".

This press release is also available on the Company website: www.italeaf.com.

Certified Adviser
Mangold Fondkommission AB is the Certified Adviser of Italeaf on NASDAQ OMX First North.

For further information please contact: 
Filippo Calisti
CFO - Italeaf S.p.A.
E-mail: [e-mail]

Mangold Fondkommission AB
Tel. [phone]
[e-mail]

Italeaf SpA, established in December 2010, is a holding company and a business accelerator for companies and startups in the areas of innovation and cleantech. Italeaf operates as a company builder, promoting the creation and development of industrial startups in the fields of cleantech, smart energy and technological innovation. Italeaf has headquarters and plants in Italy at Nera Montoro (Narni), Terni, Milano and Lecce; has international offices in London and Hong Kong and a research and development centre in the Hong Kong Science and Technology Park. The company controls TerniEnergia, listed on the STAR segment of the Italian Stock Exchange and active in the fields of renewable energy, energy efficiency and waste management, WiSave in the "internet of things" field, for the development and production of thermostats and smart technologies for the remote control of electrical and heating items of buildings managed through a cloud infrastructure, and Skyrobotic, in the business development and manufacture of civil and commercial drones in mini and micro classes for the professional market, Numanova, operating in the field of innovative metallurgy and additive manufacturing and Italeaf RE, a real estate company.

PRESS RELEASE

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Source: Italeaf S.p.A. via Globenewswire