EnergyMixx AG
EnergyMixx completes 100% acquisition of HelioDynamics
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. ---------------------------------------------------------------------- Swiss renewable energy group EnergyMixx completes the acquisition of solar photovoltaic systems producer HelioDynamics by purchasing the remaining 70% stake, mainly from its management. The transaction completes the recently announced acquisition of a 30% stake from Low carbon Accelerator, making HelioDynamics 100% part of the EnergyMixx group for a total value of £ 5.19 million. Zug/Switzerland, June 16, 2008 – EnergyMixx AG (WKN AOMSTN, ISIN CH0030908856) has bought the remaining 70% stake in HelioDynamics from its management and other shareholders in return for shares in EnergyMixx worth £ 2.27 million, to be paid in tranches against an agreed set of milestones. HelioDynamics has world class capabilities in the field of concentrating solar energy technology. These are applied to concentrating solar process heat systems, concentrated solar photovoltaic systems and concentrated solar combined heat and power systems. HelioDynamics has an important development of a gallium arsenide (GaAs) concentrated photovoltaic technology which has the potential to cut the total installed cost of photovoltaics by up to 50% on a cost/kWh basis, (against a 2007 base line) and to provide solar systems without the current dependence on silicon Graham Ford, CEO of HelioDynamics said: 'HelioDynamics’ integration into the EnergyMixx Group will bring added value to its substantial portfolio of solar concessions in Italy, as well as additional revenues to the group through the pipeline of orders and leads generated by HelioDynamics. We are pleased to integrate the group as we have three principle ways to contribute to increasing EnergyMixx value, applying our technology to their solar parks: i) tracking of flat plate PV collectors for maximum solar energy production, ii) high reliability, high efficiency and low cost inversion of the electrical power and iii) concentrated PV power production.' Building on HelioDynamics’s unique and proprietary concentrator platform technology, EnergyMixx will boost the ongoing engineering based on a new receiver that incorporates gallium arsenide cells, which have an efficiency range of 27% - 36%, around double the efficiency of silicon PV cells. EnergyMixx, which has acquired a portfolio of concessions of over 550MW of renewable energy, will leverage HelioDynamics’s integration to boost its competitive position into the solar power generation area. This very effective technology will be deployed firstly to EnergyMixx’s strategically important Italian market where the Group has a number of concessions totalling more than 100 MW in the solar power production sector. Over the next two years, EnergyMixx is anticipating installing around 50 MW of capacity with HelioDynamics solar concentrating systems. Artur Dela, EnergyMixx Chairman, said: 'With the completion of this transaction we have secured an additional piece to our very innovative technology portfolio 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 HelioDynamics HelioDynamics is an engineering company that has world class capability in the field of concentrating solar energy technology. This is applied to concentrating solar process heat systems, concentrated solar photovoltaic systems and concentrated solar combined heat and power systems (CHP). The company, currently based near Cambridge, UK can count on a highly skilled engineering team with broad experience in engineering concentrated solar systems. For further information please contact: EnergyMixx AG Artur Dela, Chairman, Tel + 41 78 665 2220 Media Office: Dynamics Group AG, Zurich Philippe Blangey, Tel +41 43 268 32 35 prb@dynamicsgroup.ch 16.06.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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