Enersize signs profit sharing agreement with one more BOE plant

Translation of latest news in English:

Enersize has agreed on a new four-year profit sharing agreement based on the installation of Enersize system for measurements and efficiency analysis of energy usage in industrial compressed air systems in BOE Technology Centre, which is BOEs pilot and pre-series plant. This is Enersize third project with BOE Group. The annual saving potential is estimated to 0,6-1,2 MSEK.

Enersize has signed 5 new installation contracts in China this year. The company recently executed a fully subscribed financing round and was listed at first North Stockholm, 15th of June.

BOE Technology Center is BOE Groups pilot plant for pre-series production and trial implementation of new manufacturing methods for use in new production lines or plants. The total compressed air capacity in the factory is about 0,5MW. This is Enersize third project together with BOE Group. The agreement has been entered into in co-operation with Joint Team International who also acts as a contract party towards BOE. Enersize already has one ongoing profit sharing agreement with BOE as well as one installation agreement, in two different BOE Beijing plants.

BOE Group has eight manufacturing plants in China. It is a listed company on Shenzhen Stock Exchange and the largest shareholder is the Chinese Government. BOE Group has an annual turnover of 6,9 bn EUR (2015) and is ranked as the third largest flat screen manufacturer globally.

Sami Mykkänen, Enersize CEO: 

“With this installation at BOE Technology Centre we are right at the hearth of BOE. In this plant BOE test all next generation production methods before they are implemented in BOEs existing or newly built factories. That BOE Group has offered Enersize to work with them in this very special plant is a clear sign of BOEs appreciation of our work. 

Christian Merheim, Enersize Chairman of the Board:  

BOE has shown a clear interest in the fully automated technology that we are developing and this installation in their pilot and pre-series plant will give them very good opportunities to try out our newest untested technology in an controlled environment. Something we see will both benefit us as well as BOE by enabling a faster roll-out in other BOE plants”

More from the Newsletter

Practical tips for keeping your compressed air in shape

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

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 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.

Läs mer »

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.

Läs mer »

NEWS