New laboratories to support the ongoing development of hydrogen fuel cell systems up to 325kW
Testing facility will run on green hydrogen generated at Chelveston Renewable Energy Park
Fuel cells being tested for applications in cars, buses, trucks, stationary power, eVTOL and passenger aircraft

Proventia has signed a letter of intent for collaboration with Norwegian battery cell developer and manufacturer Morrow Batteries. The letter of intent addresses the development of battery packs with Morrow’s LFP cells (lithium iron phosphate) for heavy-duty machinery.

Morrow has opened its first factory in Arendal and expects to produce commercial batteries by the end of the yea...

Proventia Group has appointed General Counsel Sanna Raatikainen (LL.M with court training) and Product Manager, Batteries, Jari Granath (M.Sc. Eng.) as members of the Management Team, effective September 1, 2024.

Sanna Raatikainen was appointed as Proventia Group Oyj’s General Counsel in May 2024. Before joining Proventia, she worked as a Legal Counsel and General Counse...

Slower-than-expected growth and structural change in the Test Solutions business were reflected in net sales and profitability
April–June 2024 in brief

The Group’s net sales decreased by 6.3% from the previous year to EUR 13.3 (14.2) million.
Operating profit was EUR 1.4 (1.8) million.
Profit for the period was EUR 1.1 (1.4) million.
Earnings per share (undiluted) were EUR 0.07 (0.09).

January&n...

Impact of project business shown as a decrease in net sales and profitability
January-March 2024 in brief

The Group’s net sales were EUR 11.0 (13.5) million.
Operating profit was EUR 0.4 (0.8) million.
Profit for the period was EUR 0.1 (0.7) million.

The figures in brackets refer to the same period in the previous year.
President and CEO Jari Lotvonen:
The net sales for ...

Proventia, the Finnish technology company known for its emission control solutions, is pleased to announce a new partnership with MAN Engines, the leading global manufacturer of engine solutions for a variety of applications, including yachts, workboats, agricultural machinery, and power generators.  MAN Engines – a business unit of MAN Truck & Bus – has chosen Proventia to be its development partner and supplier for selected exhaust aftertreatment systems for Stage V engi...

Proventia Group is pleased to announce the election of Gary L. Collar as a new member of its Board of Directors, as decided at the Annual General Meeting held on April 15, 2024. In addition to Proventia’s Board, Mr. Collar will also serve as an Independent Director and the Chairperson of the Compensation and Management Committee at Hillenbrand Inc.
Mr. Collar has had a successful career over several decades, especially in the agricultural machinery industry. He has serve...

The shareholders of Proventia Group Corporation are summoned to the Annual General Meeting that is held 15.4.2024 at 10.00 at restaurant Uusi Seurahuone (Rantakatu 4, 90100 Oulu) (II. floor). Shareholders will also be offered the opportunity to follow the Annual General Meeting remotely. 
Matters on the agenda of the Annual General Meeting 
The meeting will handle the following matters:
1. Opening of the Meeting
2. Calling t...

Growth continued, profitability improved significantly
January–December 2023 in brief

The Group’s net sales increased by 5.4% from the previous year to EUR 54.3 (51.5) million.
The operating profit was EUR 6.1 (1.9) million.
The operating profit rate was 11.3% (3.7%).
The result for the period was EUR 4.7 (1.4) million.
The Group had 198 (196) employees at the end of December. Of these, 136 (149) worked in Finland, 60 (44) ...

Jani Mäntylä (engineer) has been appointed Director of Proventia Group Corporation’s Test Solutions business area as of 2 January 2024.  Harri Kervinen will continue as Sales Director of Proventia Test Solutions. Kervinen will report to Director Jani Mäntylä, and Mäntylä will report to Proventia Group Corporation’s CEO Jari Lotvonen.