TIDMNSCI
NetScientific PLC
20 October 2022
Reach: 20 October 2022
NetScientific plc
("NetScientific" or the "Company")
EMV Capital secures Investment in Leading Domestic Heat
Efficiency Company Ventive
London, UK - 20 October 2022: NetScientific Plc (AIM: NSCI), the
active international holding company, which invests in, develops
and commercialises life sciences/healthcare, sustainability and
technology companies, announces that its subsidiary EMV Capital has
led and advised on a GBP2.5m investment round in domestic heat
efficiency champion Ventive , and has taken a c.16% equity stake in
partial settlement of fees and in line with its capital light
investment model.
NetScientific's wholly owned subsidiary EMV Capital , the deep
tech and venture capital specialist, led the deal which includes an
initial equity and debt investment of GBP600,000 from investors in
EMV Capital's network. The package also includes the restructuring
of c.GBP1m of historical debt. The new money enables the launch of
a Department for Business, Energy & Industrial Strategy (BEIS)
matched funding grant of GBP1.5m, which further validates EMV
Capital's capital light investment approach.
Ventive designs and manufactures innovative intelligent building
service systems in the UK, with an aim to create comfort without
costing the Earth. From ventilation to heating and cooling, their
team has already commercialised a number of new technologies and is
well positioned to address the complexities of the Energy
Transition with their new range of all-in-one home energy systems.
Ventive Home Heat Pumps are demand responsive, fully integrated
Indoor Environment Control systems which provide integrated
ventilation, renewable heating, and hot water with free summer
cooling. The Heat Pump will arrive pre-plumbed and pre-configured
with monitoring and energy storage to enable quick and simple
installation.
This new funding round will allow Ventive to deliver its modular
heat pump production facility in Hartlebury, Worcestershire.
Ventive's modular exhaust air heat pumps are targeted at both new
build and retrofit applications and will provide significant cost
and carbon dioxide emissions reductions across their installation,
operation, and production. Ventive has partnered with QM Systems ,
a subsidiary of AIM-quoted PipeHawk PLC, to scale-up its production
to meet growing market demands. QM Systems offers
multi-disciplinary production design, automation and high value
manufacturing services backed by years of engineering
experience.
Dr Ilian Iliev, CEO of NetScientific, said:
"This is a perfect example of our differentiated business model
and pro-active investment strategy in action. We help businesses in
high impact sectors, like Ventive, to access capital to facilitate
the commercialization of their innovative technologies and
internationalise early. As well as advising on debt and capital
restructuring, syndicating equity, and debt investments we have
also taken a direct stake, thereby committing to the Company.
"We are very pleased to welcome Ventive into our growing
investment portfolio, which now consists of 23 companies. Ventive's
intelligent building service systems, which seek to dramatically
reduce carbon emissions for homes, fit well with our focus on deep
tech, and sustainability companies with an ESG impact."
Rob Morrison, Managing Director of Ventive, added:
"The demand for more efficient domestic heating solutions has
never been greater. This need has been compounded by the threat of
climate change, and the current cost of living crisis which has
sent energy bills soaring. We are delighted with the support
provided by EMV Capital, that helps to strengthen Ventive's balance
sheet, and provides us with the funding needed to accelerate the
launch of our efficient and cost-reducing heat pump division, and
equally importantly, with an experienced team of active investors
who have significant industry expertise."
-Ends-
For more information, please contact:
NetScientific
Ilian Iliev, CEO
Via Belvedere Communications
WH Ireland (NOMAD, Financial Adviser and Broker)
Chris Fielding / Darshan Patel / Enzo Aliaj +44 (0)20 7220
1666
Belvedere Communications
John West / Llew Angus +44 (0) 203 008 6867
Email: langus@belvederepr.com
About NetScientific
NetScientific Plc ("NSCI") is an active holding Company that
proactively invests in a global portfolio of companies across the
healthcare, life science, ESG, and deep technology sectors.
NetScientific delivers shareholder returns through a proactive and
hands-on management approach to its 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
Trans-Atlantic and growing international presence, providing
attractive expansion prospects.
The Company differentiates itself by employing a capital-light
investment approach, making use of its wholly owned subsidiary, EMV
Capital's network of private, corporate, and institutional
investors. By syndicating investment and making minimal use of its
balance sheet, the Company is able to secure direct stakes, as well
as carried interest stakes, in its portfolio. This ultimately
creates a structure that can support a large portfolio with a
limited balance sheet.
NetScientific is headquartered in London, United Kingdom, and
was admitted to trading on AIM, a market operated by the London
Stock Exchange, in 2013.
www.netscientific.net
About Ventive
Ventive designs and manufactures innovative intelligent building
service systems in the UK, with an aim to create comfort without
costing the Earth. From ventilation to heating and cooling, their
ambitious team has already commercialised a few technologies and is
well positioned to address the complexities of the Energy
Transition with their new range of all-in-one home energy systems.
Ventive has the ambition to provide a healthy, comfortable and safe
indoor environment intelligently and at a reasonable cost, also
opening the opportunity to help demand energy management on
aggregated scale.
Ventive was founded by serial entrepreneur and architect Tom
Lipinski with a vision to improve the comfort and sustainability of
residential built environment
https://ventive.co.uk/
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAGPGWAUUPPGMB
(END) Dow Jones Newswires
October 20, 2022 02:00 ET (06:00 GMT)
Netscientific (LSE:NSCI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Netscientific (LSE:NSCI)
Historical Stock Chart
From Sep 2023 to Sep 2024