enersize-logo 300

Enersize focuses on software and centralizes operations in Lund

Enersize Oyj (“Enersize” or the "Company”) announces that the Board has decided to centralize and streamline the Company in order to accelerate the transition to the sale of software that generates recurring income. CEO Anders Sjögren will take over the operational management of sales and marketing in the short term. The reorganization is expected to streamline work and reduce costs for the company by closing of the office in Gothenburg.

Enersize's board works strategically to accelerate the transition to software sales to generate recurring revenue. In connection with this, the Gothenburg office will be closed down and the CEO will in the short short term take over the operational management for sales and marketing work with the task of initiating a program for the development of the go-to-market strategy.

In the market situation that has now arisen, Enersize will concentrate its operations on Lund. This also includes increased focus on "Compressed Air Services", the company's unique integrated Software-as-a-Service offering. To begin with, the main focus of sales is on developing Enersize's partner eco-system, and in line with this, the Company has intensified cooperation with their partners in Sweden.

The restructuring will be implemented with immediate effect and is not expected to significantly affect sales in the short term, but provide conditions for faster growth in 2021. The company expects the cost for the company to decrease by approximately SEK 0.3 million per month when the change is fully implemented.

Following a very successful issue, Enersize has secured the opportunity to develop the company's sales and marketing work in new geographies, such as Germany. Investments are also being made to strengthen the portfolio of unique SaaS components for industrial real-time optimization of compressed air. The company is also beginning to see more positive buy signals from the market, which has been virtually stagnant after Covid19. Projects sold in Q1 have in many cases been postponed due to Covid19 but are now starting to be planned for delivery.

"The fact that Lund will now also be the head office for the sales and marketing organization is a natural step in our development and will mean that we can work faster with the transition to becoming a software company," says Anders Sjögren, CEO of Enersize

For more information about Enersize, please contact:

Anders Sjögren, CEO
Phone: +46 730 76 35 30
E-mail: ir@enersize.com

About Enersize

With its proprietary patent-pending automated software, Enersize Q+ for leakage management, data collection and analysis, Enersize can provide 10-50% energy savings in industrial compressed air systems. With Enersize Enterprise, the customers can measure and monitor several factories centrally. Through the recently acquired Enersize LEAQS system, the company has access to more than 9000 leakage management projects, and the associated more than 4000 customers worldwide. The combination of the company’s software services can increase the customer’s savings in running projects, while generating direct license and project revenue. 90% of the manufacturing industry uses compressed air, which constitutes about 2% of the world's total electricity consumption. Among Enersize's existing customers are one of the world's largest manufacturers of flat screens and well-known car manufacturers and steel mills. The company is headquartered in Helsinki, have a sales offices in Gothenburg and Shanghai and a development office in Lund.

The company is listed on Nasdaq Stockholm First North Growth Market under the ticker: ENERS. www.enersize.com

Certified Adviser 
Mangold Fondkommission AB
E-mail: ca@mangold.se
Phone: +46 8 503 01 550

This information is information that Enersize is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2020-08-21 09:00 CEST.

Attachments

Enersize focuses on software and centralizes operations in Lund

More from the Newsletter

Practical tips for keeping your compressed air in shape

30 May, 2022

The fact that compressed air driven tools and machines are cost-effective and easy to maintain might also be the underlying reason why the whole compressed air system can be so neglected.

Electricians are experts on electricity. They know which cables to use in different environments. They also have to understand the dimensions of the cables to be used and which regulations to follow during an installation, related to cable channels, pipes, ducts and connectors.

Read more »

Control Gap: When air compressors fight

30 May, 2022

This article discusses some unexpected discoveries that came about then compressed air system monitoring equipment was installed on some example systems.
The maintenance foreman of a local paint manufacturer had a morning ritual where he turned on his three compressors one-by-one at 6 am every morning like clockwork. He did so for as long as he could remember, since he started some 25 years ago.

Read more »

FOR INVESTORS

Enersize Oyj clarifies subscription for warrants of series 3/2023

6 February, 2023

Enersize Oyj would like to clarify, as there have been several questions, regarding the subscription for series 3/2023 from both shareholders and institutions. On January 27, 2023, the subscription price for the exercise of warrants of series 3/2023 was set at SEK 0.02 (corresponding to approximately EUR 0.002) per new share subscribed for through the exercise of the Warrants.

Läs mer »

Enersize Q3 2022 company Brief

30 November, 2022

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”.

Läs mer »

Enersize signs Letter of Intent with US partner CTRL Systems

11 November, 2022

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.

Läs mer »

NEWS