Year-end Update
Verditek plc, (AIM:VDTK), the international clean technology company that develops, manufactures and sells certified lightweight solar panels, wishes to update the market following the end to its financial year on 31 December 2020.
2020 was a year of change for Verditek with new management in all areas of the business installed during the year and several significant steps taken towards the commercialisation of its core product, lightweight flexible solar panels.
During the fourth quarter of the year production was ramped up at its manufacturing plant near Milan to fulfil existing and anticipated orders. Several operational challenges had to be overcome, but the Board can report that it was able to demonstrate its capacity by running two shifts on one production line for the early part of December.