17.02.2016 10:21:16
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DGAP-News: Heliocentris Energy Solutions AG
DGAP-News: Heliocentris and Japanese trading company expand strategic cooperation
17.02.2016 / 10:21 The issuer is solely responsible for the content of this announcement.
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Heliocentris and Japanese trading company expand strategic cooperation
- Japanese trading company increases revolving credit facility from USD 5 million to EUR 10 million to support further growth following successful cooperation
- Intensification of joint sales activities on American continent and procurement services on Japanese market agreed
Berlin, 17 February 2016 - Heliocentris Energy Solutions AG, which is listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN DE000A1MMHE3), has expanded the strategic partnership with its Japanese trading partner. Following the successful cooperation, which started 2015, the current credit facility of USD 5 million is being increased to EUR 10 million with immediate effect. The Japanese partner will take on the procurement of key components such as batteries, diesel generators and solar modules for a larger number of customer projects and will continue to invoice Heliocentris for this with longer payment terms. In effect, this creates a permanent revolving credit facility with a now increased cap of EUR 10 million. Furthermore, the Japanese trading partner will intensify its marketing of Heliocentris energy management system and fuel cell solutions especially in North America. The cooperation on supplier management and technology monitoring in Japan and Korea will also be expanded.
Ayad Abul-Ella, CEO of Heliocentris Energy Solutions AG, commented: "The pre-financing of our customer projects is still a vital key to ensuring our sales growth in the coming year. We are delighted that our partner in Japan has increased its revolving credit facility to EUR 10 million and thereby enables us to finance a larger number of forthcoming customer projects at attractive terms."
About Heliocentris Energy Solutions AG
Heliocentris Energy Solutions AG is a leading technology provider of energy management systems and hybrid power solutions for distributed stationary industrial applications, as well as of products and solutions for education, training and applied research purposes in the field of fuel cells, solar, wind and hydrogen energy technologies. Heliocentris' energy management systems creates intelligent, remote controlled, reliable and highly efficient hybrid energy solutions from diverse components such as batteries, photovoltaic modules, conventional diesel generators and fuel cells. The solutions reduce CO2 emissions by an average of 50% and operating costs by up to 60% compared to conventional energy solutions for mobile telecommunications base stations. Heliocentris' fuel cell systems ensure uninterrupted power supply with long runtimes to critical infrastructure such as TETRA base stations, back-bone sites in mobile networks and server stations. The Company employs at present around 222 people and is headquartered in Berlin with offices in Munich, Stuttgart, Crespina, Dubai, Yangon, Vancouver and Johannesburg. Heliocentris AG's shares are traded in the Prime Standard of the Frankfurt Stock Exchange under the security identification number A1MMHE. Further information is available at www.heliocentris.com.
Contact Heliocentris Energy Solutions AG D-12489 Berlin Rudower Chaussee 29 Tel. +49 (0)30 340 601 500 Fax +49 (0)30 340 601 599 IR@Heliocentris.com
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17.02.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English Company: Heliocentris Energy Solutions AG Rudower Chaussee 29 12489 Berlin Germany Phone: +49 (0)30 340 601 500 Fax: +49 (0)30 340 601 599 E-mail: ir@heliocentris.com Internet: www.heliocentris.com ISIN: DE000A1MMHE3 WKN: A1MMHE Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------
437981 17.02.2016
DGAP-News: Heliocentris Energy Solutions AG / Key word(s): Miscellaneous Heliocentris and Japanese trading company expand strategic cooperation
17.02.2016 / 10:21 The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Heliocentris and Japanese trading company expand strategic cooperation
- Japanese trading company increases revolving credit facility from USD 5 million to EUR 10 million to support further growth following successful cooperation
- Intensification of joint sales activities on American continent and procurement services on Japanese market agreed
Berlin, 17 February 2016 - Heliocentris Energy Solutions AG, which is listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN DE000A1MMHE3), has expanded the strategic partnership with its Japanese trading partner. Following the successful cooperation, which started 2015, the current credit facility of USD 5 million is being increased to EUR 10 million with immediate effect. The Japanese partner will take on the procurement of key components such as batteries, diesel generators and solar modules for a larger number of customer projects and will continue to invoice Heliocentris for this with longer payment terms. In effect, this creates a permanent revolving credit facility with a now increased cap of EUR 10 million. Furthermore, the Japanese trading partner will intensify its marketing of Heliocentris energy management system and fuel cell solutions especially in North America. The cooperation on supplier management and technology monitoring in Japan and Korea will also be expanded.
Ayad Abul-Ella, CEO of Heliocentris Energy Solutions AG, commented: "The pre-financing of our customer projects is still a vital key to ensuring our sales growth in the coming year. We are delighted that our partner in Japan has increased its revolving credit facility to EUR 10 million and thereby enables us to finance a larger number of forthcoming customer projects at attractive terms."
About Heliocentris Energy Solutions AG
Heliocentris Energy Solutions AG is a leading technology provider of energy management systems and hybrid power solutions for distributed stationary industrial applications, as well as of products and solutions for education, training and applied research purposes in the field of fuel cells, solar, wind and hydrogen energy technologies. Heliocentris' energy management systems creates intelligent, remote controlled, reliable and highly efficient hybrid energy solutions from diverse components such as batteries, photovoltaic modules, conventional diesel generators and fuel cells. The solutions reduce CO2 emissions by an average of 50% and operating costs by up to 60% compared to conventional energy solutions for mobile telecommunications base stations. Heliocentris' fuel cell systems ensure uninterrupted power supply with long runtimes to critical infrastructure such as TETRA base stations, back-bone sites in mobile networks and server stations. The Company employs at present around 222 people and is headquartered in Berlin with offices in Munich, Stuttgart, Crespina, Dubai, Yangon, Vancouver and Johannesburg. Heliocentris AG's shares are traded in the Prime Standard of the Frankfurt Stock Exchange under the security identification number A1MMHE. Further information is available at www.heliocentris.com.
Contact Heliocentris Energy Solutions AG D-12489 Berlin Rudower Chaussee 29 Tel. +49 (0)30 340 601 500 Fax +49 (0)30 340 601 599 IR@Heliocentris.com
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17.02.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English Company: Heliocentris Energy Solutions AG Rudower Chaussee 29 12489 Berlin Germany Phone: +49 (0)30 340 601 500 Fax: +49 (0)30 340 601 599 E-mail: ir@heliocentris.com Internet: www.heliocentris.com ISIN: DE000A1MMHE3 WKN: A1MMHE Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------
437981 17.02.2016
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