17.02.2016
Heliocentris Energy Solutions AG DE000A1MMHE3
DGAP-News: Heliocentris and Japanese trading company expand strategic cooperation
DGAP-News: Heliocentris Energy Solutions AG / Key word(s): Miscellaneous
Heliocentris and Japanese trading company expand strategic cooperation
17.02.2016 / 10:21
The issuer is solely responsible for the content of this announcement.
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Heliocentris and Japanese trading company expand strategic cooperation
- Japanese trading company increases revolving credit facility from USD 5
million to EUR 10 million to support further growth following
successful cooperation
- Intensification of joint sales activities on American continent and
procurement services on Japanese market agreed
Berlin, 17 February 2016 - Heliocentris Energy Solutions AG, which is
listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN
DE000A1MMHE3), has expanded the strategic partnership with its Japanese
trading partner. Following the successful cooperation, which started 2015,
the current credit facility of USD 5 million is being increased to EUR 10
million with immediate effect. The Japanese partner will take on the
procurement of key components such as batteries, diesel generators and
solar modules for a larger number of customer projects and will continue to
invoice Heliocentris for this with longer payment terms. In effect, this
creates a permanent revolving credit facility with a now increased cap of
EUR 10 million. Furthermore, the Japanese trading partner will intensify
its marketing of Heliocentris energy management system and fuel cell
solutions especially in North America. The cooperation on supplier
management and technology monitoring in Japan and Korea will also be
expanded.
Ayad Abul-Ella, CEO of Heliocentris Energy Solutions AG, commented: "The
pre-financing of our customer projects is still a vital key to ensuring our
sales growth in the coming year. We are delighted that our partner in Japan
has increased its revolving credit facility to EUR 10 million and thereby
enables us to finance a larger number of forthcoming customer projects at
attractive terms."
About Heliocentris Energy Solutions AG
Heliocentris Energy Solutions AG is a leading technology provider of energy
management systems and hybrid power solutions for distributed stationary
industrial applications, as well as of products and solutions for
education, training and applied research purposes in the field of fuel
cells, solar, wind and hydrogen energy technologies. Heliocentris' energy
management systems creates intelligent, remote controlled, reliable and
highly efficient hybrid energy solutions from diverse components such as
batteries, photovoltaic modules, conventional diesel generators and fuel
cells. The solutions reduce CO2 emissions by an average of 50% and
operating costs by up to 60% compared to conventional energy solutions for
mobile telecommunications base stations. Heliocentris' fuel cell systems
ensure uninterrupted power supply with long runtimes to critical
infrastructure such as TETRA base stations, back-bone sites in mobile
networks and server stations. The Company employs at present around 222
people and is headquartered in Berlin with offices in Munich, Stuttgart,
Crespina, Dubai, Yangon, Vancouver and Johannesburg. Heliocentris AG's
shares are traded in the Prime Standard of the Frankfurt Stock Exchange
under the security identification number A1MMHE. Further information is
available at www.heliocentris.com.
Contact
Heliocentris Energy Solutions AG
D-12489 Berlin
Rudower Chaussee 29
Tel. +49 (0)30 340 601 500
Fax +49 (0)30 340 601 599
[email protected]
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17.02.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Heliocentris Energy Solutions AG
Rudower Chaussee 29
12489 Berlin
Germany
Phone: +49 (0)30 340 601 500
Fax: +49 (0)30 340 601 599
E-mail: [email protected]
Internet: www.heliocentris.com
ISIN: DE000A1MMHE3
WKN: A1MMHE
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart,
Tradegate Exchange
End of News DGAP News Service
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437981 17.02.2016
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