Tera Hyper Networks plc
TERA Hyper Networks plc: Successful listing on GXG Markets
Tera Hyper Networks plc / Key word(s): IPO 14.05.2013 / 11:06 --------------------------------------------------------------------- TERA Hyper Networks plc: Successful listing on GXG Markets London, May 14, 2013. TERA Hyper Networks plc, a group of companies offering innovative metering and management systems for utilities and public transportation in China and other emerging markets, was successfully admitted to the GXG stock exchange UK with 300,000,000 shares in issue. The shares are listed in the GXG Markets First Quote segment. GXG Markets is a Danish based, pan European stock exchange offering small and medium sized companies the opportunity to be quoted on an open market as well as a fully regulated market. TERA pursues a growth strategy, which includes the enhancement of customer satisfaction through cutting-edge technology and the focus on direct sales to local governments. Strong relationships with local and regional governments and key industry players as well as TERA's national Chinese partner network enhance the company's competitive advantage and strengthens its industry position. The acquisition of two Chinese companies, which is expected to be completed in Summer 2013, complements TERA's highly professional R&D team, providing strong technical support and large production capacity. The two new companies - Nanjing Yuneng Instrument Co. Ltd. (NYN) and Nanjing Union Digital Technology Co. Ltd. (UDT) - will support TERA in the further development of its three main product areas: Digital City Metering Systems, which offer an integrated utility management program based on real-time communication, Intelligent Public Transport Systems, which provide on-board administration to public transport vehicles, and Interactive Display Systems. For over 20 years, NYN has been a leading company in the development and production of full electronic watt-hour meters. UDT is actively installing its Intelligent Public Transport System in buses in Nanjing's public transit system. TERA and UDT are engaged in enhancing solutions for interactive advertising and communication channels for bus shelters and on-bus displays. 'The listing on the GXG Markets is an important step for us within our growth strategy. We plan to expand our production facilities and our product portfolio by developing new products, processes and technologies,' says Allan Parent, CEO and founder of TERA Hyper Networks plc. About TERA Hyper Networks Plc TERA Hyper Networks plc is a group of companies providing proprietary management systems and solutions for the provision of Public Utilities and Public Transport in the fast growing urban areas of China and other emerging markets. A team of experienced management, dedicated Research and Development professionals and specialists supports the company. TERA is working with its customers to create and promote solutions that incorporate TERA's Digital City Metering Systems ('DCMS'), Intelligent Public Transport Systems and Interactive Display Systems. TERA Hyper Networks plc is listed in the GXG Markets under the ISIN GB00B7RBV451. For further information, please contact: Kirchhoff Consult AG Tel.: +49 40 60 91 86 0 tera@kirchhoff.de or visit the company website at: http://www.terahypernetworks.com/ End of Corporate News --------------------------------------------------------------------- 14.05.2013 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 --------------------------------------------------------------------- 210924 14.05.2013
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