EnergyMixx AG
EnergyMixx acquires stake in HelioDynamics from Low Carbon Accelerator
EnergyMixx AG / Acquisition Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Press release EnergyMixx acquires stake in HelioDynamics from Low Carbon Accelerator valued at £ 2.93 million The Swiss renewable energy group EnergyMixx Holding entered an agreement with Low Carbon Accelerator to buy their 30% stake in solar photovoltaic systems producer HelioDynamics. The equity for shares transaction is valued at £ 2.93 million. Zug/Switzerland, May 27, 2008 – EnergyMixx AG (WKN AOMSTN, ISIN CH0030908856) has bought from Low Carbon Accelerator (LCA) a stake in HelioDynamics Limited in an equity for shares transaction. Under the terms of the agreement, EnergyMixx will acquire Low Carbon Accelerator’s 30% Preference A shareholding in HelioDynamics in return for shares in EnergyMixx worth £ 2.93 million at prices valued on May 22, 2008. LCA will receive shares worth £ 1.1 million on completion of the deal, and shares worth another £ 0.96 million when HelioDynamics receives BSI certification for its technology, expected shortly. The remaining shares, worth £ 0.87m, will be paid in tranches against an agreed set of milestones until April 2009. EnergyMixx, which has acquired a portfolio of concessions of over 550 MW of renewable energy, will be one of the main customers for HelioDynamics’ solar photovoltaic system. On completion of the transaction, it will take on responsibility for funding and developing these products through to market in large scale. HelioDynamics has developed a concentrating solar photovoltaic combined heat and power (CHP) system, which produces electricity and heat. The HelioDynamics technology involves groups of mirrors to reflect and concentrate sunlight upwards to a light-absorbing receiver of photovoltaic cells. These mirrors rotate together, tracking the sun and keeping a tight focus on the stationary receiver. This greatly increases the output of the cells, dramatically reduces the need for Silicon as a prime photovoltaic component, up to 1000 times once the new developing 'HD 1000 Suns' model will be brought to the market, whilst improving the overall efficiency and cost-effectiveness of solar energy. The CHP system will add the benefit of a strong reduction on cost per MW to the related EnergyMixx industrialisation plan, making the system one of the most competitive solar power solutions in the market. The system is easy to assemble, modular and scaleable, thus particularly suitable for both large power plants and stand alone solutions for private and commercial applications. HelioDynamics systems are targeted at providing zero-carbon power and climate control systems for buildings. Artur, Dela, EnergyMixx Chairman, said: 'With this transaction we have secured very innovative technology that will boost our integrated business model and create long-term value. We believe that the future for HelioDynamics and its solar technology will be bright.' About EnergyMixx EnergyMixx AG is a horizontally and vertically integrated Swiss holding company that invests in the building and operation of renewable energy electricity generation ventures in lucrative energy markets around the globe, particularly in Italy. Its investments and projects are diversified across the spectrum of renewable energy generation (wind, solar, biomass and hydro). Revenue strategy is based on selling electricity as well as from trading financial incentives such as green and white certificates or carbon credits. About Low Carbon Accelerator Low Carbon Accelerator Limited is a closed ended investment company created to invest in a portfolio of fast-growing low carbon businesses. The Company listed on the Alternative Investment Market of the London Stock Exchange on 11 October 2006. The Company will initially invest principally in companies based in the UK, Europe and the US, which provide low carbon products and services across several sectors. The Company's investment strategy is to target trading businesses with patentable technologies and products with a clear commercial application and the opportunity to gain a large market share of a new or expanding market. For further information please contact: Media Office Philippe Blangey Tel +41 43 268 32 35 prb@dynamicsgroup.ch 27.05.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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