HUGIN NEWS/Heliocentris completes equity issue and raises gross proceeds of EUR 4.35 million
11.12.2007
Berlin - 11 December 2007. Heliocentris Fuel Cells AG, a leading fuel
cell system integrator, has successfully completed its subscription
rights issue and a subsequent private placement and has sold all the
750,000 shares offered at EUR 5.80 per share. The offering met a high
level of demand and in addition to existing shareholders, shares were
placed with selected institutional investors in continental Europe
and in the UK.
The company raised gross proceeds of EUR 4.35 million. Its share
capital will increase from EUR 1.5 million to EUR 2.250 million
divided up into 2.250 million shares at a par value of EUR 1 per
share.
The London investment house Innovator Capital Limited, which
specialises in clean technologies, structured and managed the
transaction.
According to Dr. Colell, CEO of Heliocentris Fuel Cells AG, "We are
delighted about the level of interest and trust placed in
Heliocentris by our existing and new investors who took part in this
capital increase. This fresh capital will enable us to increase our
international sales and marketing activities and to push ahead with
and expand the scope of ongoing work in the development of
high-performance fuel cell systems and hydrogen system solutions. Our
enhanced financial strength will help us to further consolidate our
position as a leading fuel cell system integrator."
About Heliocentris Fuel Cells:
Heliocentris is a leading supplier and system integrator of fuel
cells. As a pioneer of the fuel cell industry Heliocentris has many
years of experience in the development, production and sales of fuel
cell systems and applications. Within the training and R&D systems
for fuel cells, Heliocentris is one of the world's market leaders
with more than 10,000 training facilities and companies in more than
50 countries as customers. These customers are offered more than 50
different products from eight product lines. The range of products
and services offered varies from demonstration units for teaching and
study to integrated laboratory systems for R&D as well as client
specific, industrial applications. In addition to the Company's head
office in Berlin, Heliocentris has one subsidiary on the North
American market in Vancouver, Canada. Further information can be
found at: www.heliocentris.com
For further information please contact:
Heliocentris Fuel Cells AG
Dr. András Gosztonyi (CFO)
Tel: +49-(0)30-6392-6185
Email: a.gosztonyi@heliocentris.com
Disclaimer:
This press release contains forward-looking statements that are based
on current assumptions and forecasts of the management of
Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties
and other factors could lead to material differences between the
forward-looking statements given here and the actual development, in
particular the results, financial situation and performance of our
Company. The Company assumes no liability to update these
forward-looking statements or to conform them to future events or
developments.
The information in this press release does not constitute an offer of
securities for sale or a solicitation of an offer to purchase
securities in the United States or any other country.
http://www.heliocentris.com
Copyright © Hugin ASA 2007. All rights reserved.
Berlin - 11 December 2007. Heliocentris Fuel Cells AG, a leading fuel
cell system integrator, has successfully completed its subscription
rights issue and a subsequent private placement and has sold all the
750,000 shares offered at EUR 5.80 per share. The offering met a high
level of demand and in addition to existing shareholders, shares were
placed with selected institutional investors in continental Europe
and in the UK.
The company raised gross proceeds of EUR 4.35 million. Its share
capital will increase from EUR 1.5 million to EUR 2.250 million
divided up into 2.250 million shares at a par value of EUR 1 per
share.
The London investment house Innovator Capital Limited, which
specialises in clean technologies, structured and managed the
transaction.
According to Dr. Colell, CEO of Heliocentris Fuel Cells AG, "We are
delighted about the level of interest and trust placed in
Heliocentris by our existing and new investors who took part in this
capital increase. This fresh capital will enable us to increase our
international sales and marketing activities and to push ahead with
and expand the scope of ongoing work in the development of
high-performance fuel cell systems and hydrogen system solutions. Our
enhanced financial strength will help us to further consolidate our
position as a leading fuel cell system integrator."
About Heliocentris Fuel Cells:
Heliocentris is a leading supplier and system integrator of fuel
cells. As a pioneer of the fuel cell industry Heliocentris has many
years of experience in the development, production and sales of fuel
cell systems and applications. Within the training and R&D systems
for fuel cells, Heliocentris is one of the world's market leaders
with more than 10,000 training facilities and companies in more than
50 countries as customers. These customers are offered more than 50
different products from eight product lines. The range of products
and services offered varies from demonstration units for teaching and
study to integrated laboratory systems for R&D as well as client
specific, industrial applications. In addition to the Company's head
office in Berlin, Heliocentris has one subsidiary on the North
American market in Vancouver, Canada. Further information can be
found at: www.heliocentris.com
For further information please contact:
Heliocentris Fuel Cells AG
Dr. András Gosztonyi (CFO)
Tel: +49-(0)30-6392-6185
Email: a.gosztonyi@heliocentris.com
Disclaimer:
This press release contains forward-looking statements that are based
on current assumptions and forecasts of the management of
Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties
and other factors could lead to material differences between the
forward-looking statements given here and the actual development, in
particular the results, financial situation and performance of our
Company. The Company assumes no liability to update these
forward-looking statements or to conform them to future events or
developments.
The information in this press release does not constitute an offer of
securities for sale or a solicitation of an offer to purchase
securities in the United States or any other country.
http://www.heliocentris.com
Copyright © Hugin ASA 2007. All rights reserved.
Copyright (c) 2007 Dow Jones & Company, Inc.