nanoFlowcell Plans Stock Market Flotation
- nanoFlowcell Holdings Ltd founded in London
- nanoFlowcell IP AG moved from Lichtenstein to Switzerland
- Successful prototype tests confirm investor interest in future-safe energy-storage technology
- Analyst statement: "nanoFlowcell will revolutionise electric mobility."
- Stock market flotation envisaged for nanoFlowcell Holdings Ltd in 2017
London/Stans, July 2016 – As part of a corporate restructuring process, the former nanoFlowcell AG based in Lichtenstein has been given the addendum IP (Intellectual Property) and moved as nanoFlowcell IP AG to Stans in Switzerland, where all of the company's patent, trade mark and property rights are now grouped. In parallel, a new administrative holding company, nanoFlowcell Holdings Ltd, has been founded in London/GB. This will be responsible for all business transactions going forward.
The restructuring has established a solid and clearly ordered basis for the company's future development, aimed at strengthening the position of the firm within an challenging competitive environment. The choice of London was an obvious one for the company's future orientation. Following intensive and successful discussions with investors conducted over recent months, nanoFlowcell Holdings Ltd is considering stock market flotation as a possible option for further corporate development.
The consideration of a stock market flotation is explained as follows by Nunzio La Vecchia, Member of the Administrative Board and Chief Technology Officer of nanoFlowcell Holdings Ltd: "We stand at the beginning of a technological revolution. We have been extremely successful in proving the feasibility of nanoFlowcell technology as THE most forward-looking energy-storage solution for electric drives. With a stock market listing, we would raise awareness for nanoFlowcell technology and offer our employees, business partners and interested investors a fascinating opportunity to share in the success of one of the most promising and versatile technologies of our time. The flotation is less about accessing new financial resources – which are not strictly necessary for our continued growth – and far more about securing our corporate independence in respect of how we research, develop and market nanoFlowcell technology."
The company will communicate further details on a possible stock market flotation over the course of the year.
On the current development status of nanoFlowcell technology and its imminent marketing, La Vecchia adds: "nanoFlowcell technology is market ready and we intend to bring this truly unique energy-storage solution to market shortly as a licensing product. We anticipate an enormous market, because forecasts predict that 2.7 billion cars will be on our roads worldwide by 2050 – more than double the present number. If all of these vehicles were to run on nanoFlowcell technology by then, it would reduce annual CO2 emissions by around eight billion tonnes and costs per vehicle by up to 40 percent. And this only covers the automotive industry. Our flow-cell based nanoFlowcell technology can be used anywhere electric drives and electric systems consume energy – in aircrafts, ships, and railways as well as an energy source for stationary applications such as emergency energy systems for critical applications. nanoFlowcell is 100 percent environmentally compatible and sustainable. I am certain our technology will change the world."
nanoFlowcell® is the product brand used by nanoFlowcell Holdings Ltd for its proprietary flow-cell based energy-storage technology. Similar to a combination of battery and fuel cell, all that nanoFlowcell requires for energy storage and conversion is a non-toxic, non-flammable and environmentally friendly electrolyte liquid called bi-ION developed by nanoFlowcell Research SA. The manufacturing costs for the bi-ION electrolyte liquid on an industrial scale are estimated at considerably less than ten cents per litre. The distribution and sale of the electrolyte liquid does not present a problem, as it is not subject to any onerous environmental obligations and could be handled via existing refuelling infrastructures.
nanoFlowcell Production GmbH develops prototypes of high-voltage and low-voltage electric vehicles under the QUANT brand for the purposes of testing the new nanoFlowcell technology. nanoFlowcell Holdings Ltd demonstrated the potential of an electric vehicle powered by nanoFlowcell with its QUANTiNO technology showcase – a road-legal mid-sized sports car that runs entirely on electricity. In an initial endurance test, the QUANTiNO drove 14 hours non-stop without refuelling – something previously impossible for electric vehicles. Expressed in hard numbers, the QUANTiNO achieves a range upward of 1,000 kilometres, with a top speed of 200 km/h and acceleration from 0 to 100 km/h in less than five seconds.
In short, QUANT powered by nanoFlowcell stands for production-ready, environmentally friendly electric mobility without compromises in comfort, performance or cost.
About nanoFlowcell Holdings Ltd
nanoFlowcell Holdings Ltd is an innovative research and development company headquartered in London, Great Britain. The focus of the company's development is the further development of drive technology and systems associated with flow cell technology. Besides prototype development of electric vehicles under the QUANT brand, the company also conducts research into further application opportunities for nanoFlowcell® technology in other branches and industries.
For more information on nanoFlowcell Holdings Ltd, nanoFlowcell® technology and the QUANT technology showcases, go to: http://www.nanoflowcell.com
Forward-looking statements and forecasts
Certain statements in this press release are forward-looking statements. Forward-looking statements are obviously associated with a series of risks, imponderables and assumptions that could lead to actual results or developments deviating significantly from those results or developments given or implied in the forward-looking statements. These risks, imponderables and assumptions can have a negative impact on the result and financial consequences of the plans and developments described in this document. There is no obligation to update or change forward-looking statements through public announcement on the basis of new information, future developments or other reasons. The recipient of this press release should not place unreasonable trust in forward-looking statements that reflect purely the status as on the date of this press release. To that effect, statements made in this press release regarding past trends or developments should not be seen as statements that these trends or developments will continue in future. The preceding warnings specified must be considered alongside subsequent written or verbal forward-looking statements from nanoFlowcell Holdings Ltd or individuals acting on its behalf.