Enertime lists on Alternext to accelerate commercial deployment

€4m raised; market capitalisation €15m

Paris – 7 July 2016– EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for small and medium-sized companies (SMEs), today welcomed Enertime, an innovative company specialising in energy efficiency for industry, for its first day of trading on Alternext Paris.

Founded in 2008, Enertime is a “cleantech” business based in the Greater Paris region that designs and builds Organic Rankine Cycle (ORC) machines, which transform heat into electricity. These machines improve energy efficiency in industry by recovering lost heat to produce electricity, reducing industrial facilities’ electric power consumption.  ORC can also be used to produce decentralized renewable energy (electricity and heat) from geothermal or biomass sources. ENERTIME is one of five global players worldwide—and the only one in France—that fully masters the technology for large ORC machines (1 MW and more).

Enertime (ticker code: ALENE) was listed through the admission to trading on 7 July 2016 of 1,965,064 common shares, including 516,457 shares issued as part of a Global Offering.[1]

Enertime’s admission and issuing price was set at €7.65 per share, and market capitalisation on the day of listing was €15 million. Listing raised a total of€4 million.

Gilles David, Chairman and CEO of Enertime, said: “We are delighted with our listing, despite particularly challenging market conditions. I would like to extend warm thanks to our existing shareholders, who lent their full and active support to our bold growth strategy, and to all of our employees who, through their dedication and hard work every day, have made this operation a success. We would also like to thank each of our new shareholders—both individuals and professionals—who have placed their trust in our innovative, lasting solutions for industry. Listing will let us step up the pace of our commercial deployment in key world markets, and become a major industrial player in energy transition.”



[1]TheGlobal Offering was made up of a Public Offering that included an Open Price Public Offering and a Global Placement with institutional investors in France and other countries

About Enertime
Founded in 2008, Enertime designs and builds Organic Rankine Cycle (ORC) modules for energy efficiency and renewable energy production. ORC machines transform heat from 90°C and above into electricity.  Enertime is one of the five global players worldwide that fully masters the technology for large ORC machines (1 MW and more).
The company is headquartered in Greater Paris, with offices in Lyon and Strasbourg, and has representatives on Reunion Island, in the Philippines and in Canada. It employs 32 people in France, including 23 engineers.
Enertime has been named an "innovative company" by Bpifrance and is recognised as a “Creative Industry” powered by Créative France.
More information on www.enertime-bourse.com

 

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