TIDMNSCI
NetScientific PLC
17 June 2022
RNS REACH
NetScientific plc
("NetScientific", the "Group" or the "Company")
NetScientific to increase Q-Bot stake to 23.7%
NetScientific plc (AIM: NSCI), the international life sciences
and sustainability technology investment and commercialisation
Group announces that EMV Capital, its wholly-owned subsidiary, has
agreed to acquire (either itself or using a nominee) a further
stake in Q-Bot of 1,066 ordinary shares (3.13%) for a total
consideration of GBP202,540.
Q-Bot is a London-based award-winning robotics and AI company
that has pioneered cutting edge patented technology and digital
solutions for the insulation and upgrade of buildings and homes. In
the year ended 31 March 2022, Q-Bot generated sales of GBP2.2m, and
expects significant growth in sales as market deployment
accelerates, in part driven by a drive to insulate homes in the UK
and Europe due to higher energy costs, decarbonisation of the
housing stock and energy security.
This acquisition will result in the direct equity holding in
Q-Bot by NetScientific (as the nominee of EMV Capital) increasing
from 20.6% to 23.7%, in addition to EMVC's Capital Under Advisory
representing 16.7%.
Commenting on this news, Ilian Iliev, CEO of NetScientific
stated: "Q-Bot has been a very good investment for us. Based on the
share price in its June 2022 GBP1.6m funding round NetScientific's
23.7% Q-Bot direct stake (once increased) is valued at GBP3.19m, a
gain of approximately GBP1.67m in less than one year."
For more information, please contact:
NetScientific Via Walbrook PR
Ilian Iliev, CEO
WH Ireland (NOMAD, Financial Adviser
and Broker)
Chris Fielding / Darshan Patel +44 (0)20 7220 1666
Walbrook PR
Nick Rome/ Paul McManus 07748 325 236 or 07980 541 893
About NetScientific
NetScientific plc (AIM: NSCI) is a holding company, that invests
in, develops, commercialises and realises shareholder value in life
sciences/healthcare, sustainability and technology companies, which
offer significant growth potential in the UK, Europe and USA, as
well as globally.
Since the adoption of the New Strategy in 2020, the Group has
nearly trebled its portfolio from 8 to 22 companies, either through
subsidiary, direct balance sheet investment or capital under
advisory.
NetScientific delivers shareholder returns through a proactive
and hands-on management approach to their portfolio companies;
identifying, investing in, and helping to build game-changing
companies. The Group targets value inflection points and the
release of value through partial or full exits from trade sales,
public listings, or equity sales. The Company has a strong
transatlantic and growing international presence, providing
attractive expansion prospects.
NSCI can deploy a capital-light investment structure; utilising
the power of the PLC Brand, and the NetScientific balance sheet to
anchor future investments and achieve a multiplier effect by
attracting third party investment for the portfolio companies.
NetScientific is headquartered in London, United Kingdom, and
was admitted to trading on AIM, a market operated by the London
Stock Exchange, in 2013 (website: www.netscientific.net ).
About Q-Bot ( www.q-bot.co ):
Q-Bot Limited, was formed in 2012 by the multi-award-winning
architect Tom Lipinski and Professor Peter Childs FReng from
Imperial College London, with the goal of using robotics and AI to
transform the construction industry. Q-Bot's solutions enable the
delivery of innovative new services for the inspection, maintenance
and upgrade of buildings which empower workers, improve safety, are
cost-effective, and efficient. Q-Bot is revolutionising the
construction industry by connecting the built environment with
robotics and AI, to rethink processes that have remained unchanged
for hundreds of years. The company is backed by Net Scientific PLC,
EMV Capital, EIS investment platform Wealth Club, and other
investors.
Q-Bot has already brought to market a unique retrofit solution,
using a robotic device to apply insulation under suspended floors
of existing homes, insulating over 2,500 homes in the process. The
solution is cheaper, performs better, and has none of the
disruption of more traditional methods. Through its work with local
councils and housing authorities, for whom it is increasingly
becoming the de facto standard, Q-Bot's solution has been proven to
reduce fuel poverty by improving the energy efficiency of homes,
whilst substantially reducing their carbon footprint- cementing the
company's strong ESG credentials. Q-Bot has also grown to work with
private customers, and developed a scalable and successful model
offering the service to Accredited Installation Partners ('Robot as
a Service'). The solution is TrustMark certified and fully
accredited by the BBA.
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