Heliocentris completes equity issue and raises gross proceeds of EUR 2.5 million
Corporate News
Berlin – 21 November, 2011. Heliocentris Energy Solutions AG, a specialist in energy efficiency and autonomous power solutions, has successfully completed its capital increase in exchange for cash from authorized capital without shareholder subscription rights by issuing 438,473 new bearer shares at EUR 5.60 per share mostly among existing shareholders.
The company raised gross proceeds of EUR 2.5 million. Its share capital will increase from EUR 4.385 million to EUR 4.823 million.
Ayad Abul-Ella, CEO of Energy Solutions AG, said: „Especially in light of the current situation on the capital markets we are delighted about this successful capital increase. It is a great sign for the continued belief of our major shareholders in the successful development of Heliocentris. The capital raised allows us the rapid expansion of our industrial business which is the basis of the strong growth planned for 2012. Also I am fully convinced of this opportunity and look forward to subscribe myself for nearly 20,000 shares.“
With the capital raised the company plans to further drive the expansion of the business especially the start of industrial scaling of our solutions.
Lang & Schwarz Broker GmbH, Düsseldorf, has managed the transaction.
About Heliocentris Energy Solutions AG
Heliocentris specialises in autonomous energy supply and energy efficiency solutions with the aim of replacing diesel generators with “zero-emission” products. The company, which was founded in Berlin in 1995, develops and markets systems and turnkey solutions for customers in industry and science and has three business areas: Energy Efficiency, Clean Energy and Didactic. The “Energy Efficiency” area specialises in energy efficiency, monitoring and management solutions for autonomous energy supply solutions. With the existing solutions, diesel consumption in applications such as mobile phone network base stations can be reduced by up to 50%, while the cost of operating such facilities can be reduced by up to 70%. The solutions are being commercially rolled out in Asia, Africa and the Middle East. The “Clean Energy” area focuses on “zero-emission” solutions for autonomous energy supply, including solutions for supplying electricity to off-grid applications such as monitoring stations, telecommunications facilities or self-sufficient houses. The core competency here is the efficient hybridisation of energy generators such as, solar and wind or even diesel generators with energy storage such as batteries and the own hydrogen fuel cell based storage solutions based on our scalable energy management solutions. Heliocentris has already successfully demonstrated its expertise in this area in numerous projects with renowned partners across the world. For over 10 years now, the “Didactic” area has been offering a range of learning and research systems for fuel cell and solar hydrogen technology and other regenerative energy technology. Customers include training centres, research institutes and industry. The comprehensive range of products and services makes Heliocentris one of the world’s leading companies in its field. With a subsidiary in Vancouver, offices in Dubai and Singapore and customers in more than 60 countries, Heliocentris is well positioned internationally. The Heliocentris Group currently has 90 employees. Further information is available at: www.heliocentris.com.
Disclaimer
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Energy Solutions AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.
Press contact
Dr. András Gosztonyi
CFO / Managing Director
Heliocentris Energy Solutions AG
+49-(0)30-340601-560
a.gosztonyiheliocentris.com