Heliocentris Fuel Cells AG successfully concludes private placement
Berlin. Heliocentris Fuel Cells AG, a pioneer in the development and series production of fuel cells, has successfully concluded a private placement with selected private and institutional investors. It issued 400,000 new shares at a price of €4.50 per share, generating a gross inflow of €1.8 million. The placement was oversubscribed by a factor of 2.5. As a result, the Company's share capital increased to €1.2 million.
The Company's previous investors, including both bmp AG and IBB Beteiligungsgesellschaft mbH, also participated in the capital increase.
Heliocentris is the world market leader for fuel cells for teaching applications. To date, the Company has sold more than 30,000 fuel cells around the world and therefore – as one of the few providers of this kind – has extensive experience in the marketing of large unit volumes. In financial year 2005, Heliocentris generated significant 7-figure profitable sales. The Company is planning to continue its dynamic growth over the next few years and, among other things, will use the funds it has acquired for the global expansion of its core business. For example, it is planning to enter new markets and to expand its current sales operations.
Heliocentris is also investing in the expansion of its current product range to offer higher performance fuel cell systems and product solutions tailored to specific target groups (e.g. automobile engineers) as well as the expansion of its partnerships.
Based on the expertise it has acquired in the fuel cell area, Heliocentris will also be tackling selected industrial market segments. The Company will profit from its many years of systems expertise, its excellent brand and its existing network. It is also planning t arrange for its shares to be traded on the Open Market (Entry Standard) on the Frankfurt stock exchange in the near future.
Heliocentris Fuel Cells AG
Heliocentris ranks among the pioneers in the fuel cell industry and is one of the companies with many years of experience in the series production of fuel cells. With its original emphasis on teaching and R&D systems for fuel cells, Heliocentris focused on an area in which fuel cells can be marketed at an early stage in its development. With sales partners in more than 20 countries, Heliocentris positioned itself as a world market leader in this segment. Heliocentris' customers now include more than 10,000 training facilities and companies around the world. Today, Heliocentris offers six product lines with more than 30 different products, making it the broadest based company in this segment. The range of products extends to include complex laboratory systems. Heliocentris' strong position is consolidated by partnerships with leading fuel cell companies such as Ballard Power Systems. Over the coming years, Heliocentris is planning to further expand its product range and its market presence. Its future growth will be driven by both new products for teaching and R&D and by fuel cell systems for industrial applications. In addition to the Company's head office in Berlin, Heliocentris has one subsidiary on the North American market in Vancouver, Canada.
Disclaimer
This disclosure contains statements that are neither reported financial results nor historical data and that are of a forward-looking nature. These include forecasts of future events, trends, plans or goals. Such statements should not be understood as guaranteed as they are by their nature subject to known and unknown risks and imponderables and can be influenced by other factors, as a consequence of which the actual results, plans and goals of Heliocentris may materially deviate from the forward-looking statements made or implied. The factors that can cause such deviations include, for example, changes in the economic or business environment or changes in business strategy. Heliocentris does not intent to update its forward-looking statements nor does the Company undertake to do so. Furthermore, this disclosure constitutes neither an offer for the sale of bearer a shares nor an invitation to submit an offer to purchase shares and is for information purposes only.