Acuerdo estratégico de fabricación y validación de Mistral
26 de febrero de 2024
Invinity Energy Systems plc
("Invinity" o la "Compañía")
Strategic Manufacturing Agreement Signed, Successful Mistral Performance Test
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), una leading global manufacturer of utility-grade energy storage, is pleased to announce that it has entered into an agreement with its Taiwanese strategic partner, Everdura, to undertake domestic manufacturing of its next-generation vanadium flow battery ("VFB") product, code-named "Mistral", to serve the Taiwanese and other markets ("the Agreement").
Everdura has been Invinity's reseller since 1 December 2022. Everdura's parent company, Everbrite, made a £2.5m strategic investment into the Company which was announced 22 February 2023. On 14 September 2023, Everdura placed a 14.4 MWh pre-order for Mistral and entered into a MoU which proposed a strategic manufacturing partnership with Invinity which has now been superseded by this Agreement.
Under the Agreement, Everdura will manufacture Mistral VFBs to fulfil orders it intends to secure under the terms of the existing reseller agreement which targets more than 255 MWh of product sales over a three-year period. The Agreement states that Everdura will pay Invinity a royalty fee based on a material percentage of the sale price of any Mistral products sold. Everdura will also utilise Invinity's existing supply chain and purchase cell stacks directly from the Company, which will continue to be manufactured by Invinity at its facilities in the UK and Canada.
In addition, further to its December 2023 Year-End Business Update, Invinity's product development team has successfully undertaken initial performance testing of the first operating Mistral prototype. The Company is delighted to report that these tests have verified Mistral's fundamental performance targets and operating parameters. This significant development milestone enables Invinity to conclude the development of production tooling, processes and procedures required for manufacturing and delivery of initial Mistral modules and to build towards the planned commercial launch of the product later this year.
Separately to the above developments and in line with its 18 December 2023 announcement, the Board is very pleased with the level of interest shown in the Company by a number of potential strategic partners. Discussions with these parties are now at an advanced stage and continue to progress positively. On this basis, the Company estimates that it should be in a position to conclude an agreement with one or more of these partners within approximately four to six weeks.
Larry Zulch, director ejecutivo de Invinity, dijo:
"Everdura has become an important strategic partner for Invinity, providing access to the important Taiwanese market and areas beyond. Our relationship with Everdura forms a template for regions where we believe we will be better represented by strong, local partners than by an organisation we build ourselves. This agreement, like many of our current activities, is intended to support the forthcoming global launch of our next-generation product, and with our first product prototype exhibiting encouraging performance, it is tremendously exciting to see our vision for Mistral becoming reality."
Mantente al día con las novedades de Invinity. Únase a la lista de distribución del boletín mensual para inversores de la Compañía esta página.
Consultas:
Invinity Energy Systems plc | 44 0 20 4551 0361 |
Jonathan Marren, director financiero y director de desarrollo Joe Worthington, director de comunicaciones | |
Canaccord Genuity (asesor designado y conjunto Broker) | +44 (0)20 7523 8000 |
Henry Fitzgerald-O'Connor / Harry Pardoe | |
VSA Capital (Asesor financiero y conjunto Broker) | 44 0 20 3005 5000 |
Andrew Monk / Andrew Raca | |
Tavistock (Asesor de relaciones públicas financieras) | 44 0 20 7920 3150 |
Simon Hudson / Gareth Tredway / Saskia Sizen |
Notas a los editores
Invinity Energy Systems plc (OBJETIVO: IES) (AQSE: IES) (OTCQX: IESVF) fabrica baterías de flujo de vanadio para los requisitos de almacenamiento de energía a gran escala y de alto rendimiento de las empresas, la industria y las redes eléctricas.
Las baterías de flujo fabricadas en fábrica de Invinity funcionan continuamente sin degradarse durante más de 25 años, lo que las hace adecuadas para las aplicaciones más exigentes en la producción de energía renovable. Los sistemas de almacenamiento de energía basados en las baterías de Invinity son seguros, confiables y económicos, y varían en tamaño desde menos de 250 kilovatios-hora hasta decenas de megavatios-hora.
Invinity se creó en abril de 2020 mediante la fusión de dos líderes de la industria de baterías de flujo: redT energy plc y Avalon Battery Corporation. Con más de 70 MWh de sistemas ya implementados o contratados para su entrega en más de 79 sitios en 15 países, Invinity está activo en todos los principales mercados mundiales de almacenamiento de energía y tiene operaciones en el Reino Unido, Canadá, EE. UU., China y Australia. Invinity Energy Systems plc cotiza en el Reino Unido en AIM y AQSE y cotiza en EE. UU. en OTCQX.
Para obtener más información, visite invinity.com, inscribirse a nuestro boletín mensual para inversores aquí o comuníquese con Relaciones con Inversores al +44 (0)20 4551 0361 o GME@dhr-rgv.com
RNS puede usar su dirección IP para confirmar el cumplimiento de los términos y condiciones, para analizar cómo interactúa con la información contenida en esta comunicación y para compartir dicho análisis de forma anónima con otros como parte de nuestros servicios comerciales. Para obtener más información sobre cómo RNS y la Bolsa de Valores de Londres utilizan los datos personales que nos proporciona, consulte nuestra Política de privacidad.