Emission & Power Solutions Plc
Emission & Power Solutions Plc: EPS Announces $860,000 Private Investment
Emission & Power Solutions Plc / Key word(s): Funds/Agreement FOR IMMEDIATE RELEASE EMISSION & POWER SOLUTIONS ANNOUNCES $860,000 PRIVATE INVESTMENT LONDON, 15 February 2011 Emission & Power Solutions, Plc ('EPS') (Ticker: EPI.F, Bloomberg ticker: EPI:GR), announced it has successfully closed a round of investment valued at US $860,000. The 'PIPE' (private investment in public entity) transaction was priced at market value on the Deutsche Börse. 'We are pleased to close this round of financing,' said Erik Ulsteen, Chairman and CEO of EPS. 'This investment shows continued confidence in EPS's strategy and growth prospects. We believe 2011 will be a positive year as EPS delivers its sensor to auto manufacturers.' About EPS: EPS is a 'clean tech' company that licenses, acquires, develops, deploys, and transfers technologies dedicated to improving fuel economy while also reducing environmentally harmful exhaust emissions. EPS is a publicly listed company that trades on the Frankfurt Exchange and the Xetra platform under symbol EPI. This news release may contain 'forward-looking statements' about the business, financial performance and prospects of the Company. Statements about the Company's or management's plans, intentions, expectations, beliefs, estimates, predictions, or similar expressions for the future, including any statements regarding the payment of any dividend or capital reduction or the timing and amount of such payment, are forward-looking statements. No assurance can be given that the outcomes of these forward-looking statements will be realized, and actual results could differ materially from those expressed as a result of various factors. A discussion of these factors, including risks and uncertainties, is set forth from time to time in the Company's filings. For more information about EPS please visit www.epsaves.com or contact:
Harald Jurkschat End of Corporate News 15.02.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s 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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