Nasdaq First North-listed Enersize Oyj (“Enersize” or “the Company”) has received two approvals for its Chinese patent applications. The patents relate partly to a method for designing, optimizing, and performing measurements of compressed air systems that consist of several compressors, and partly to visualizing the energy consumption in such systems. The patents are important steps in the development of the Enersize software platform Compressed Air Services (“CAS”), which offers Enersize’s customers continuous monitoring and optimization of compressed air systems.

`The collaboration is an important part of the rapid expansion of Enersize’s new business model.´ Nasdaq First North-listed Enersize Advanced Research AB (“Enersize”) has signed a letter of intent with Sigma Industry Solutions AB (“Sigma”). The agreement means that Sigma develops and maintains so-called IoT solutions for Enersize customers. The agreement will be an important part of Enersize’s transition to becoming a pure software company that focuses on eliminating energy leakage in industrial compressed air systems.

The Board of Enersize Oyj (“Enersize” or “the Company”) announces today that it intends to further centralize and streamline operations in Enersize in order to achieve a simplified company structure and administration, and to reduce overhead costs. The Board intends to look at various opportunities to implement the streamlining, where domicile change, merger and reverse acquisition have been identified as possible alternatives.