PRESS RELEASE 20 APRIL 2016
Italeaf: TerniEnergia established in Mozambique the subsidiary "TerniEnergia Moçambique Limitada"
- The company will take part in development projects in the renewable energy sector
- The CEO Stefano Neri awarded in New York for the repositioning of TerniEnergia in the smart energy sector
TerniEnergia, smart energy company active in the fields of renewable energy, energy efficiency, waste and energy management, listed on the Star segment of the Italian Stock Exchange and part of Italeaf Group, has established in Maputo (Mozambique) the 100% owned subsidiary "TerniEnergia company Moçambique Limitada", as part of its development strategy and business internationalization. The Mozambican subsidiary will operate at maximum efficiency for the conduct of consistent program of activities that the Group plans to develop in African countries, considered strategic in terms of development trend and for the growth of the business related to renewable energy and smart energy. In particular, the operations are underway in preparation for the participation in projects in the energy sector through the construction of photovoltaic plants of industrial size. TerniEnergia announces, moreover, that Stefano Neri, chairman and CEO, received at the Yale Club in New York the prestigious "Iair Awards for Excellence in Global Economy & Sustainability" as CEO of the year for sustainability and smart energy, with the following motivation: "For his successful leadership in the smart energy sector, and for founding TerniEnergia - a 3 years in a row IAIR awards winner - and Italeaf Group, known as a "factory of factories" developer and a front-runner in the clean-tech and innovation industry. Along with his legal activities in prestigious Italian companies and institutions, Mr. Neri was able to create a new sustainable business model and export it all over the world". The VI Annual Edition of IAIR AWARDS® -Excellence in Global Economy & Sustainability was a real success. Among the participants, there were the most important financial, insurance, legal, banking and entrepreneurial companies from all around the world. The American CEO Summit, a debate among Chief Executive Officers and Managing Directors from three different top players on their respective sectors, anticipated the Award Ceremony this year. The speakers were Philippe Buhannic, CEO of Trading Screen, most innovative company in trading solutions, Bankee Kwan CEO of Celestial Asia Securities Holdings, that provides a working environment motivating each employee to strive for the best practices on sustainability issues and Kelly Waltrich, Senior Vice President of eMoney advisor, one of the leading companies in financial services.
TerniEnergia, a company incorporated in September of 2005 and part of Italeaf Group, is the first Italian smart energy company and operates in renewable energy, energy efficiency, energy and waste management. TerniEnergia operates as system integrator, with a turn-key offer of industrial sized photovoltaic plants, on behalf of third parties and on its own, for the Power Generation business, also through joint venture companies with leading national players. TerniEnergia operates in the waste management sector, recovery of the material and energy, development and production of technologies. In particular, the Company is active in the recovery of tires out of use, in the treatment of biodegradable waste through the implementation of biodigesters, management of plant for the biological depuration; development and production of technological apparatus. Through TerniEnergia Gas & Power, the Group is active in the energy management, energy sales to energy intensive customers, software and services for energy management, administrative, financial and credit management. The Group is also active on the natural gas and liquefied natural gas (LNG) market, offering a range of services and activities in order to develop Client's business and achieve a competitive advantage providing the best market conditions and creating a high added value. TerniEnergia operates in the development of energy efficient plants both through EPC scheme and FTT scheme (Financing Through Third Parties), pursuing the objectives of increasing energy production from renewable sources, of energy saving and reduction of emissions as set forth by environmental European policy. TerniEnergia is listed on STAR segment of Borsa Italiana S.p.A..
This press release is also available on the Companies website: www.italeaf.com and www.ternienergia.com
Certified Adviser
Mangold Fondkommission AB is the Certified Adviser of Italeaf on NASDAQ OMX First North.
For further information please contact: Filippo Calisti CFO - Italeaf S.p.A. E-mail: calisti@italeaf.com
Mangold Fondkommission AB Tel. +46 (0)8 5030 1550 info@mangold.se
Italeaf SpA, established in December 2010, is a holding company and a business accelerator for companies and startups in the areas of innovation and cleantech. Italeaf operates as a company builder, promoting the creation and development of industrial startups in the fields of cleantech, smart energy and technological innovation. Italeaf has headquarters and plants in Italy at Nera Montoro (Narni), Terni, Milano and Lecce; has international offices in London and Hong Kong and a research and development centre in the Hong Kong Science and Technology Park. The company controls TerniEnergia, listed on the STAR segment of the Italian Stock Exchange and active in the fields of renewable energy, energy efficiency and waste management, WiSave in the "internet of things" field, for the development and production of thermostats and smart technologies for the remote control of electrical and heating items of buildings managed through a cloud infrastructure, and Skyrobotic, in the business development and manufacture of civil and commercial drones in mini and micro classes for the professional market, Numanova, operating in the field of innovative metallurgy and additive manufacturing and Italeaf RE, a real estate company.
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