enersize-logo 300

Enersize receives project financing from Loudspring

Enersize Oyj (”Enersize”) has received project financing of EUR 250,000 from the major owner Loudspring Oyj (“Loudspring”), as a part of Loudspring’s growth financing program from NEFCO (Nordic Environmental Finance Corporation). The project financing is meant to establish scope for the continued development of Enersize's Chinese projects in connection with the major investment in the European market that Enersize initiated in connection with the acquisition of LEAQS during Q4 2018.

The loan is issued as two non-overlapping equally large tranches of EUR 250,000. Payment of the first tranche will take place immediately and it shall be repaid on August 31, 2019 at the latest. The second tranche of the loan matures on December 31, 2019, when it shall be repaid. After the due date, 14% annual interest is paid.

In connection with the project financing, Loudspring receives the right to profit-sharing based on the return from Enersize's Chinese projects, representing 20% of the proceeds up to a maximum of 100% of the loan amount (EUR 250 000). Dividend distribution is also limited to a maximum of 5 years. Reimbursement of previous project loans is a priority prior to payment of profit sharing.

Anders Sjögren, CEO of Enersize, comments: 

"With this project loan, we can continue to drive the Chinese projects in a good way against return, while we can invest fully in the European market, where we see a large pent-up need and opportunity for rapidly increasing sales and cash flow thanks to the customer contacts and the sales history we have gained through the acquisition of LEAQS. LEAQS has developed completely in line with expectations and together with the two and a half-year growth financing from Formue Nord, we now have a clear and clear and long-term financing plan for the company regarding expansion in Europe and China, at the same time as we can pursue ongoing projects in China."

Lassi Noponen, CEO of Loudspring, comments: 

”Enersize's new management have impressed us with the swift establishment of European activities and the extension of the business model through the acquisition of LEAQS. We see a value potential in ensuring that the company has resources to run both European new sales activities and at the same time create return on investments from the started Chinese projects, which is why we have chosen to approve this project financing.”

Certified Advisor 

Sedermera Fondkommission

Telephone: +46(0)40-615 14 10

E-mail: ca@sedermera.se

For more information about Enersize, please contact: 

Anders Sjögren, CEO

Telephone: +46(0)730-763530

E-mail: anders.sjogren@enersize.com

This information is information that Enersize Oyj is obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact person above for publication on February 22th, 2019.

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