Enersize Q3 2022 company Brief

Enersize’s Q3 company brief can be found on the company’s website enersize.com. Below is a translation of selected parts of the Q3-report originally published in Swedish on November 30, 2022, with the title “Enersize offentliggör delårsrapport för tredje kvartalet 2022”.

Enersize signs Letter of Intent with US partner CTRL Systems

Enersize Advanced Research AB (“Enersize” or the “Company”) signs a Letter of Intent (“LOI”) with US partner CTRL Systems Inc. (“CTRL Systems”) where CTRL Systems will use Enersize’s Compressed Air Services SaaS-platform to provide energy optimization of industrial compressed air to the North and Central American market.

Enersize Oyj publishes investment memorandum ahead of rights issue

The board of Enersize Oyj (“Enersize” or the “Company”) has, in connection with the rights issue consisting of shares and warrants (the “Rights Issue”) published on October 24, 2022, drawn up an investment memorandum which will be available on the Company’s website enersize.com and Mangold Fondkommission AB’s (“Mangold”) website www.mangold.se. Anyone who holds shares in Enersize Oyj on the record date of 31 October 2022 has a preferential right to subscribe for shares in the Rights Issue. In the Rights Issue, one (1) held share shall give one (1) subscription right where four (4) subscription rights entitle to subscription of three (3) newly issued shares. When subscribing for three (3) newly issued shares, you will also receive three (3) free warrants of series 3/2023.

Enersize streamlines the organization and focuses to help companies save energy

Enersize implements a streamlining of the organization and implements cost-saving measures in research, finance and overhead functions. Altogether, the cost-saving measures are estimated to result in a reduction of operating costs of approximately 40 per cent. The organization’s costs are streamlined in several areas, at the same time the focus on sales and customer implementations is increasing and there will be changes in the organization to reach the market more quickly in this current energy crisis period.

Enersize Oyj suspends the reverse acquisition process with Finnish Batteries Oy to focus on the core business

The Board of Directors of Enersize Oyj (“Enersize” or the “Company”) published a press release on 18 October 2021 that the Company entered into a Letter of Intent (“LOI”) with Finnish Batteries Oy (also known as TeraFactory) as a step towards streamlining the corporate structure. The parties have today suspended the process and the reverse acquisition will therefore not be carried out.

Enersize H1 2022 company Brief

Enersize’s H1 company brief can be found on the company’s website enersize.com. Below is a translation of selected parts of the H1-report originally published in Swedish on August 25, 2022, with the title “Enersize offentliggör halvårsrapport 2022”.

Enersize appoints temporary finance function

Nasdaq First North-listed Enersize – which develops and delivers smart software, tools and services to enable energy optimization of industrial compressed air systems – appoints Thomas Bengtsson, former Chairman of the Board and interim CFO of the company, through an outsourced solution for the company’s finance function.