Newsdesk

CEO letter in April 2020

It’s been a couple of months since I wrote the last CEO letter and very exciting things are happening at Enersize that I want to tell you about. The order intake (not invoiced) during Q1 was almost as high as sales (invoiced) for the full year 2018, despite declining sales at the end of Q1 due to COVID-19. The outside world has changed rapidly with the outbreak of COVID-19 in Sweden and Europe, and I will touch on how the Company is affected by this.

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Grundfos initiates direct cooperation with Enersize

Enersize Advanced Research AB (“Enersize” or the “Company”) has previously had Grundfos as a customer regarding leakage management through its Danish sales partner Granzow A/S. The company announces Grundfos ordered more advanced compressed air efficiency and saving services, such as monitoring and monitoring, directly from Enersize. In February 2020, Grundfos ordered services equivalent to just under SEK 100,000.

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Enersize Q4 2019 Company Brief

The Q4 company brief can be found on enersize.com. It is a translation of selected parts of the Q4 report originally published in Swedish on March 20, 2019, with title “Enersize offentliggör bokslutskommuniké”.

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Enersize receives orders for Q+ from Norway

Enersize Oyj (“Enersize” or the “Company”) today announces that Tylekk, one of the Company’s partners in Norway, has received a larger order for a complete package of Q+ for monitoring and surveillance of compressed air systems for installation at one end customer in Norway. The order value initially amounts to around SEK 280,000 and includes a three-year license for Q+ Base.

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Enersize Oyj appoints Mangold as liquidity guarantor

Enersize Corporation (“Enersize” or the “Company”) today announces that the Company has appointed Mangold Fondkommission as liquidity guarantor for the Company’s share. The purpose of the liquidity guarantee is to improve the liquidity of the share and reduce the difference between the buying and selling price. The assignment will commence on November 25, 2019.

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Enersize Oyj Interim Report for the third quarter of 2019

Enersize hereby presents the interim report for the period July – September 2019 and can show increasing turnover. Please note that this is not a financial report but primarily a summary of the most significant events during the past quarter. In information with the requirements of the Nasdaq Stockholm First North Growth Markets regulations, Enersize releases financial reports on a half- and full-year basis.

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Enersize signs Framework Agreement with Adenergy

Enersize Oyj (“Enersize” or the “Company”) today announces that its subsidiary Enersize Advanced Research AB has signed a framework agreement with China-based Adenergy that regulates fundamental rights and obligations between the companies. With this, the conditions for closer cooperation are met and the companies intend to intensify the cooperation to reach customers according to Enersize’s scalable business model based on software licensing.

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Issue outcome in Enersize Oyj – SEK 42.5 million is contributed through preferential share issue and directed issue

Enersize Corporation (“Enersize” or the “Company”) has completed a rights issue and a directed share issue which in total has added approximately SEK 42.5 million to the company. Subscription in the rights issue together with the directed share issue amounts to a total of 90.4 percent of the previously published subscription space in the preferential rights issue. The preferential rights issue of shares with pending warrants published on September 24, 2019 (the “Preferential rights issue”) has been subscribed to a total of 81.25 percent, with approximately 47.6 percent subscribed for under subscription rights and approximately 33.6 percent subscribed for without subscription rights. Through the Preferential rights issue, the Company receives approximately SEK 38.2 million before issue costs. In addition, the Company receives approximately SEK 4.3 million in a directed issue in accordance with the Board’s authorization to set off project loans and receivables (“Directed issue”). Through these issues, Enersize will raise capital to strengthen the organisation’s sales, marketing and product organization and repay the Company’s short-term loans. Through these issues, the Company’s balance sheet is significantly strengthened.

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