- New strategic investor, Svelland Capital
- Record strong quarter expected
ADS-TEC Energy (NASDAQ: ADSE), a global leader in
battery-buffered, ultra-fast charging technology, today announced
the signing of a definitive agreement for a private investment by
Svelland Capital, a distinguished and highly-ranked investment
company in the energy sector. The private placement is expected to
close on December 28, 2023, subject to customary closing
conditions.
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the full release here:
https://www.businesswire.com/news/home/20231227015472/en/
ADS-TEC Energy, a global leader in
battery-buffered, ultra-fast charging technology, announced the
signing of a definitive agreement for a private investment by
Svelland Capital. (Photo: Business Wire)
“Svelland Capital has extensive experience, and we are proud
that another expert investor is showing interest through a direct
investment in ADS-TEC Energy,” said Thomas Speidel, CEO, ADS-TEC
Energy. “Svelland Capital has achieved consistent high rankings
over the years, and their commitment to sustainability is evident
through their close collaboration with Bellona. We expect to
realize several synergies and benefit from complementary expertise
through this strategic collaboration.”
Svelland Capital is a proven performer, winning the “Best Macro
Discretionary Strategy Hedge Fund” at the 2023 Hedge Week European
Awards and “Best Commodities Fund” at the 2023 HFM European
Performance Awards. Svelland Capital's profound industry knowledge
will contribute to accelerating ADS-TEC Energy’s growth and
success.
"We have full confidence that ADS-TEC Energy will maintain and
strengthen its position as a technology leader in critical
EV-charging infrastructure,” said Tor Svelland, CEO, Svelland
Capital. “Electricity demand is surging, and the grid capacity is a
bottleneck to growth. The need for storage capacity becomes crucial
as we move from on-demand, centralized power production to
renewables and decentralized power production. The ability to store
and boost energy becomes vital and we believe that ADS-TEC Energy
is an industry leader in terms of performance and capability."
Svelland Capital’s investment confirms ADS-TEC Energy’s
strategic direction and technological leadership in the field of
decentralized battery buffered solutions. The successful completion
of this private investment will strengthen ADS-TEC Energy’s
financial position and provide the company with increased
flexibility to execute strategic initiatives and secure profitable
opportunities.
“Our 2023 fourth quarter is expected to be the strongest in the
history of the company, both in terms of revenues and margins. We
are confident this trajectory will continue throughout 2024,”
Speidel continued.
About ADS-TEC Energy
ADS-TEC Energy plc, a public limited company incorporated in
Ireland and publicly listed on NASDAQ (“ADS-TEC Energy”), serves as
a holding company for ads-tec Energy GmbH, an operating company
incorporated in Germany (“ADSE GM”) and ads-tec Energy Inc., a US
subsidiary of ads-tec Energy GmbH (“ADSE US” and together with
ADS-TEC Energy and ADSE GM, “ADSE”). Based on more than 10 years of
experience with lithium-ion technologies, ADS-TEC Energy develops
and manufactures battery storage solutions and fast charging
systems including their energy management systems. Its
battery-based, fast charging technology enables electric vehicles
to ultrafast charge even on low powered grids and features a very
compact design. It was nominated by the President of the Federal
Republic of Germany for the German Future Prize and elevated to the
"Circle of Excellence" in 2022. The high quality and functionality
of the battery systems are due to a particularly high depth of
development and in-house production. With its advanced system
platforms, ADS-TEC Energy is a valuable partner for automotive
OEMs, utility companies and charge point operators.
More information: https://www.ads-tec-energy.com/en/
Forward-looking Statements
This press release contains forward-looking statements within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include statements regarding our
financial outlook for Q4 2023 and 2024, the anticipated closing of
the private placement, our expectations with respect to future
performance and the anticipated timing of certain commercial
activities. There are a significant number of factors that could
cause actual results to differ materially from the statements made
in this press release, including: the impact of the COVID-19
pandemic, geopolitical events including the Russian invasion of
Ukraine, macroeconomic trends including changes in inflation or
interest rates, or other events beyond our control on the overall
economy, our business and those of our customers and suppliers,
including due to supply chain disruptions and expense increases;
our limited operating history as a public company; our dependence
on widespread acceptance and adoption of EVs and increased
installation of charging stations; our current dependence on sales
to a limited number of customers for most of our revenues; overall
demand for EV charging and the potential for reduced demand for EVs
if governmental rebates, tax credits and other financial incentives
are reduced, modified or eliminated or governmental mandates to
increase the use of EVs or decrease the use of vehicles powered by
fossil fuels, either directly or indirectly through mandated limits
on carbon emissions, are reduced, modified or eliminated; supply
chain interruptions and expense increases; unexpected delays in new
product introductions; our ability to expand our operations and
market share in Europe and the U.S.; the effects of competition;
changes to battery energy storage standards; and the risk that our
technology could have undetected defects or errors. Additional
risks and uncertainties that could affect our financial results are
included under “Item 3. Key Information – 3.D. Risk Factors” in our
annual report on Form 20-F filed with the Securities and Exchange
Commission (the “SEC”) on May 11, 2023, which is available on our
website at https://www.ads-tec-energy.com... and on the SEC’s
website at www.sec.gov. Additional information will also be set
forth in other filings that we make with the SEC from time to time.
All forward-looking statements in this press release are based on
information available to us as of the date hereof, and we do not
assume any obligation to update the forward-looking statements
provided to reflect events that occur or circumstances that exist
after the date on which they were made, except as required by
applicable law.
No Offer or Solicitation
This communication is for informational purposes only and shall
not constitute an offer to sell or the solicitation of an offer to
buy any securities in the private placement, nor shall there be any
sale of securities in any jurisdiction in which the offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such
jurisdiction.
The securities issued in the private placement have not been,
and will not be, registered under the United States Securities Act
of 1933, as amended (the “U.S. Securities Act”), or any state
securities laws, and, accordingly, may not be offered or sold
within the United States, or to or for the account or benefit of
persons in the United States or "U.S. Persons", as such term is
defined in Regulation S promulgated under the U.S. Securities Act,
unless registered under the U.S. Securities Act and applicable
state securities laws or pursuant to an exemption from such
registration requirements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231227015472/en/
Media: For ADS-TEC Energy
Europe: Dennis Müller SVP Product Marketing &
Communication press@ads-tec-energy.com For
ADS-TEC Energy United States: Stephannie Depa Breakaway
Communications sdepa@breakawaycom.com +1 530-864-0136
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