Financial News

Financial News

15Jun 2018

Italeaf SpA, following the press release issued on 14 June 2018 on the dissemination of the reports of the independent auditors EY SpA accompanying the consolidated annual financial report as at and for the year ended 31 December 2017 and the separate financial statements as at and for the year ended 31 December 2017 of Italeaf SpA, hereby announces that:

  1. The Independent Auditors acknowledge that the directors of Italeaf, in the note “Assessments on the going concern” report that on April 16, 2018 was approved by the subsidiary TerniEnergia S.p.A. a new recovery plan and relaunch for the period 2018-2022. TerniEnergia S.p.A., main asset of the Italeaf Group, outlines a path towards achieving a balanced economic, equity and financial position;
  2. in regard to this Plan, the Independent Auditors points out that there are, however, still many and significant profiles of uncertainty on the capacity of the TerniEnergia Group to continue to operate as a going concern related to (i) the actual ability of the Group to achieve the liquidity required by the recovery plan through the disposal of assets, (ii) the effective achievement of operating and economic-financial results substantially in line with the forecasts of growth in revenues and margins of the Smart Solution and Service business, (iii) the ability of the TerniEnergia Group to finalise positively the contacts in progress with the financing institutions to obtain the moratoria and renegotiate the financial debts and to complete the complex procedures necessary to reschedule the existing bond;
  3. due to uncertainties related to the ability of the subsidiary TerniEnergia S.p.A. to generate cash flows, as well as uncertainties related to the outcome of extraordinary transactions aimed at the sale of industrial areas and buildings owned by Italeaf, functional to the recovery from the current bank debt-exposure, the independent auditors EY SpA notes that the assumption of business continuity is subject to many significant uncertainties with potential interactions and possible cumulative effects on the financial statements;
  4. for these reasons, the reports of the auditing firm EY conclude that it is impossible to issue an opinion on the financial statements as at 31 december 2017.
  5. The Independent Auditors EY also included in their report a reference to Information for the Shareholders of Italeaf SpA on the explanatory note “Assets held for sale” of the consolidated financial statements as at December 31, 2017, which describes, among other things, the reasons on the basis of which the directors consider receivables totalling Euro 9 million claimed by the subsidiary TerniEnergia S.p.A. from the purchasers of some of its subsidiaries sold during 2014 to be recoverable. In particular, the directors report that the disposals of these equity investments are transactions with L&T City Real Estate Ltd (in relation to the sale of Solter S.r.l. and Energia Alternativa S.r.l.) and Ranalli Immobiliare S.r.l. (for the sale of the company Soltarenti S.r.l.), companies referable to a lawyer who has judicial assignments from the same subsidiary TerniEnergia S.p.A., as well as indirect shareholder of the same; in particular, on March 12, 2018 the subsidiary TerniEnergia S.p.A. and the above mentioned parties signed a deed of fulfilment of the termination conditions with the consequent repurchase by the Group of control of these companies, instrumental to a sale of the same to third parties, under a complex transaction of establishment of a newco and contribution of assets, details of which are provided in the notes. This will make it possible to offset the credit of Euro 9 million and to collect the proceeds from the a new sale, currently being defined, for some of the assets held for sale and estimated at approximately Euro 6 million.

The Reports of the Independent Auditors are available to the public at the Company’s registered office and on the Company’s website www.italeaf.com in the Investor Relations/Shareholders’ Meetings section, where the Consolidated Annual Financial Report as at 31 December 2017 and the Separate Financial Statements as at 31 December 2017 of Italeaf SpA are available too.

15Jun 2018

It should be noted that the reports of the Independent Auditors EY SpA have been issued today to accompany the Consolidated Annual Financial Report as at 31 December 2017 and the Separate Financial Statements as at 31 December 2017 of Italeaf SpA.

The reports of the independent auditors EY conclude that it is impossible to express an opinion on the financial statements as at 31 December 2017. Please refer to the full text of these reports, which are annexed to this press release.

The Independent Auditors’ Reports are available to the public at the Company’s registered office and on the Company’s website www.italeaf.com in the Investor Relations/Shareholders’ Meetings section, where the Consolidated Annual Financial Report as at 31 December 2017 and the Separate Financial Statements as at 31 December 2017 of Italeaf SpA are available.

Press-release_RelEY-14-06-2018+RelEYfull

14Jun 2018
  • Approval of the financial statements for the year ended 31 December 2017
  • Approval of the First Section of the Compensation Report pursuant to Article 123-ter of the Uniform Financial Code
  • Appointment of two co-opted directors: Paolo Allegretti and Stefania Bertolini
  • Appointment of a new independent director: Paolo Piccini, AU of Liguria Digitale and manager with 30 years of experience in the field of information and communication technologies, defense and security in multinational technology sector
  • Determination of the total compensation of Directors
  • Revocation of the 2017-2019 Stock Grant Plan approved on 2 May 2017
  • Provisions pursuant to Article 2446 of the Italian Civil Code

 

The ordinary and extraordinary Shareholders’ Meeting of TerniEnergia S.p.A., smart company listed on MTA of Borsa Italiana and part of the Italeaf Group, met today with Stefano Neri’s chairmanship.

 

Ordinary session

The Shareholders’ Meeting reviewed and approved the draft financial statements and took note of the presentation of the consolidated financial statements as at December 31, 2017.

 

CONSOLIDATED RESULTS AS AT DECEMBER 31, 2017

Revenues amounted to Euro 64 million. The decrease compared to the previous year (Euro 84.1 million; -24%) is mainly attributable to the decline in EPC activity, which was interrupted starting from the second half of the year.

EBITDA amounted to Euro 2.2 million (Euro 17.3 million as at 31/12/2016, -87.1%). The EBITDA margin amounted to 3.5%, with a decrease compared to 2016 (20.6%).

The Net Operating Result (EBIT) amounted to Euro -37.3 million (Euro 8.1 million as at 31 December 2016), after amortisation/depreciation, non-recurring provisions and write-downs of Euro 39.6 million (Euro 9.2 million in 2016). In particular, this figure was affected by write-downs of an exceptional and non-recurring nature, mainly due to the valuation of all industrial plants at fair value rather than value in use, as well as to the discontinuity of the EPC business, which is expected to be sold in the Recovery and Relaunch Plan referred to the strategic guidelines disclosed to the market on 27 March 2018.

The Net result amounted to Euro -39.6 million (Euro 1.15 million as at 31/12/2016), while the result before taxes (EBT) amounted to Euro -45.7 million.

Net financial position (NFP) amounted to Euro 89.8 million (Euro 93.9 million as at 31/12/2016), with an improvement of 4.3%, of which Euro 64.6 million was reclassified as short-term NFP, mainly for the definition of a moratorium on the Company’s current financial debt, in order to identify proposals for its rescheduling.

Net equity amounted to Euro 21 million (Euro 57.5 million as at 31/12/2016), with a reduction of 63.4%. Net equity takes into account the treasury shares held in portfolio, which amounted to no. 1,012,224.

 

TERNIENERGIA S.P.A. RESULTS AS AT 31 DECEMBER 2017

Revenues amounted to 33.6 million euros (30.7 million euros as at December 31, 2016). EBITDA amounted to Euro -2.7 million (Euro 3.9 million as at 31/12/2016). EBIT amounted to Euro -45.4 million (Euro -2.5 million as at 31/12/2016).

The Net result is negative for Euro 42.2 million (Euro -6.7 million as at 31/12/2016). The NFP amounts to Euro 71.3 million (Euro 74.4 million as at 31/12/2016), while Net Equity amounts to Euro 10.7 million (Euro 50.7 million as at 31/12/2016).

The financial statements valuations have been made on the assumption that the Company will continue to operate, after having considered and analysed all available and useful elements in this regard.

The balance sheet of TerniEnergia S.p.A. as at December 31, 2017 shows a Net Equity decreased by more than one third compared to the Share Capital because of realized losses. Consequently, occurs the case in point provided for by art. 2446 of the Italian Civil Code.

 

REMUNERATION REPORT EX ART. 123-TER D. DECREE 58/98

The Shareholders’ meeting approved the Remuneration Report of Directors and Managing Directors with strategic responsibility provided by art. 123-ter of D. Decree 58/98

 

APPOINTMENT OF TWO CO-OPTED DIRECTORS

The Shareholders’ Meeting also ratified the co-opting of Paolo Allegretti (executive director) and Stefania Bertolini (independent director) as Directors, who will remain in office until the expiry of the current Board of Directors and therefore until the date of the Shareholders’ Meeting called to approve the financial statements for the year ended 31 December 2018. According to what has been communicated to the Company, Dr. Stefania Bertolini does not own shares of TerniEnergia SpA, while Dr. Paolo Allegretti holds no. 7,777 shares of TerniEnergia S.p.A..

 

APPOINTMENT OF A NEW INDEPENDENT DIRECTOR

The Company’s Ordinary Shareholders’ Meeting appointed today eng. Paolo Piccini as a new independent director. Mr. Piccini has declared to possess the requisites of independence and respectability provided for by the law in force and by the By-Laws and that he not hold any shares of TerniEnergia.

Mr. Piccini’s Curriculum Vitae, hereinafter summarized, will be available on the company’s website www.ternienergia.com, Corporate Governance section.

Paolo Piccini, 57, graduated in electronic engineering from the University of Genoa, is currently the Sole Director of Liguria Digital and has 30 years of experience in groups in the technology sector Olivetti, Marconi, Finmeccanica. He has been an executive of the company since 1994. He gained his managerial profile through experience in top positions as general manager and managing director with full responsibility at the income statement level of multinational organizations with more than three thousand employees and business experience in the United States, Russia, Turkey and the Middle East and Great Britain.

Following the new appointment, the Board of Directors is composed as follows: Stefano Neri (Chairman with executive powers), Paolo Allegretti (with executive powers), Laura Bizzarri (with executive powers), Monica Federici, Paolo Ottone Migliavacca (independent director), Mario Marco Molteni (independent director), Stefania Bertolini (independent director) and Paolo Piccini (independent director).

 

DETERMINATION OF THE TOTAL REMUNERATION OF DIRECTORS

Finally, the Ordinary Shareholders’ Meeting approved a reduction in the maximum total compensation payable to the Board of Directors from 720,000 euros to 330,000 euros, and the elimination of the provision for variable compensation for executive Directors and Executives with Strategic Responsibilities.

 

Extraordinary session

REVOCATION OF THE 2017-2019 STOCK GRANT PLAN

The Extraordinary Shareholders’ Meeting, considering the Company’s assets, liabilities, financial position and profit or loss of current financial position and the provisions of art. 2446 of the Italian Civil Code, on the agenda of today’s Shareholders’ Meeting, resolved to revoke the 2017-2019 Stock Grant Plan, approved on 2 May 2017 by the same Shareholders’ Meeting, and to release the profit reserve serving the said Plan and called “restricted capital increase reserve serving the 2017-2019 Stock Grant Plan” for the corresponding amount to be allocated to the available equity reserve.

MEASURES EX ART. 2446 ITALIAN CIVIL CODE

Finally, the Extraordinary Shareholders’ Meeting of TerniEnergia S.p.A., in light of the relevant situation pursuant to art. 2446 of the Italian Civil Code, as already communicated on April 27, 2018 and May 14, 2018, resolved:

(a) to approve the financial statements of the Company as at 31 March 2018, which show a loss of €913,274 for the first quarter of 2018;

(b) to cover the total losses and negative reserves resulting from the balance sheet as at 31 March 2018 of Euro 49,828,229 (including the losses as at 31 December 2017 of Euro 42,189,512) and Euro 22,801,198, respectively, as follows:

– Euro 25,713,516 by the full utilization of all available reserves resulting from the same balance sheet;

– and the remaining amount of Euro 46,915,910 by reducing the Company’s share capital by a corresponding amount and, therefore, from Euro 59,197,230 to Euro 12,281,320.

 

DOCUMENTATION DEPOSIT

The minutes will be made available to the public within the terms and in the manner provided by law.

The Financial Statements of TernIEnergia S.p.A. and the Consolidated Financial Statements of the TerniEnergia Group as at December 31, 2017, approved by the Shareholders’ AGM, together with the documentation required by law, are available to the public at the registered office, the website www.ternienergia.com, (Investor Relations/Financial Reporting section) and on the authorised storage mechanism 1Info at www.1info.it.

The documentation relating to the members of the Board of Directors and Board of Statutory Auditors appointed, including the curriculum vitae and the declarations of independence of the independent directors appointed is available in the Investor Relations/Shareholders’ Meetings section on the website www.ternienergia.com.

 

The Manager responsible for preparing the company’s financial reports, Filippo Calisti, declares, pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the document results, books and accounting records.

 

 

TERNIENERGIA (TER. MI), established in September 2005 and part of the Italeaf Group, is the first Italian global technological enabler, committed to bringing energy solutions and efficient recovery of integrated and sustainable resources to the world. Organized into two strategic business lines (Assets and Smart solutions and services), with about 400 employees and a geographical presence worldwide, with operative and commercial offices, TerniEnergia develops innovative solutions, products and services based on digital and industrial technologies for the energy supply chain, grids, smart mobility, industrial automation and the recovery of marginal resources.

TerniEnergia, also through its subsidiaries (Softeco Sismat, Selesoft Consulting, Greenled Industry, GreenAsm, GreenAsm, Purify, Wisave, Ant Energy), pursues the objectives of increasing energy production from renewable sources, saving energy and reducing emissions and actively participates in the energy revolution of distributed power generation and smart grids, with innovative digital solutions.

TerniEnergia is the ideal partner for large utilities, distribution operators and network operators, energy producers, public administrations, industrial customers and investors who intend to realize large projects for the production of renewable energy, modern systems and plants with high energy efficiency, solutions for the management and maintenance of infrastructure and electrical installations.

TerniEnergia has completed its transformation from a leader in the international photovoltaic market  into a smart energy company and technological enabler for the sustainable use of resources through a complete commercial offer of solutions, the development and supply of digital technologies and the creation of “intelligent” services and solutions aimed at public and private customers in emerging sectors.

TerniEnergia is listed on the MTA of Borsa Italiana.

Press-release_TEASS-14-06-2018

13Jun 2018

Notice of call of the ordinary shareholders’ general meeting

 

The shareholders are hereby summoned at the ordinary and extraordinary Annual General Meeting of Italeaf S.p.A. (hereinafter “the Company”) to be held on June 29, 2018, at 9 a.m. (CET), at the Company’s registered office in Strada dello Stabilimento 1, Frazione Nera Montoro, Municipality of di Narni (TR) Italy, to discuss and resolve upon the following:

 

AGENDA

 

1) Approval of the financial statements for the year ended as at 31 December 2017, presentation of the Board of Directors’ report on operations, the report of the Board of Statutory Auditors and the report of the independent auditors; related and consequent resolutions. Presentation of the consolidated financial statements for the year ended as at 31 December 2017.

2) Determination of the number of directors and appointment of the Board of Directors; determination of total emoluments pursuant to art. 29 of the By-laws; related and consequent resolutions.

3) Appointment of the Board of Statutory Auditors, determination of emoluments pursuant to art. 35 of the By-laws; related and consequent resolutions.

 

Information relating to:

  • participation and voting of the Shareholders’ meeting (it is specified that the record date is June 26, 2018);
  • vote by proxy;
  • documents submitted to the Shareholders’ meeting;

are contained in the general notice to convene, the fact of which – together with the documentation relating to the Shareholders’ meeting – are published on the company’s website www.italeaf.com under the investor relations section, to which reference is made.

Press-release_notAGSM-13-06-2018

11Jun 2018

The Board of Directors of TerniEnergia, smart company listed on MTA of Borsa Italiana and part of the Italeaf Group, met today, took note of the resignation with immediate effect of the board member and vice-president of the Company, Mr. Giulio Gallazzi. The decision was taken by Mr. Gallazzi believing that a further presence in the Board of Directors of TerniEnergia could no longer bring added value to the Board works, disagreeing himself with the path that the Company intended to undertake, preferring solutions aimed at a disposal of owned assets to be combined with agreements for the restructuring of bank debt, postponing a possible strengthening of equity to a later stage; the latter action, considered by Mr. Gallazzi, however, essential and priority over any other action.

The Board of Directors of TerniEnergia, taking note of the irrevocable resignation, thanked Giulio Gallazzi for the important and positive contribution made to the Company.

 

 

TERNIENERGIA (TER. MI), established in September 2005 and part of the Italeaf Group, is the first Italian global technological enabler, committed to bringing energy solutions and efficient recovery of integrated and sustainable resources to the world. Organized into two strategic business lines (Assets and Smart solutions and services), with about 400 employees and a geographical presence worldwide, with operative and commercial offices, TerniEnergia develops innovative solutions, products and services based on digital and industrial technologies for the energy supply chain, grids, smart mobility, industrial automation and the recovery of marginal resources.

TerniEnergia, also through its subsidiaries (Softeco Sismat, Selesoft Consulting, Greenled Industry, GreenAsm, GreenAsm, Purify, Wisave, Ant Energy), pursues the objectives of increasing energy production from renewable sources, saving energy and reducing emissions and actively participates in the energy revolution of distributed power generation and smart grids, with innovative digital solutions.

TerniEnergia is the ideal partner for large utilities, distribution operators and network operators, energy producers, public administrations, industrial customers and investors who intend to realize large projects for the production of renewable energy, modern systems and plants with high energy efficiency, solutions for the management and maintenance of infrastructure and electrical installations.

TerniEnergia has completed its transformation from a leader in the international photovoltaic market  into a smart energy company and technological enabler for the sustainable use of resources through a complete commercial offer of solutions, the development and supply of digital technologies and the creation of “intelligent” services and solutions aimed at public and private customers in emerging sectors.

TerniEnergia is listed on the MTA of Borsa Italiana.

Pres-release-TECDA_11-06-2018

05Jun 2018
  • The Group’s digital company, in cluster with the Department of Electrical, Electronic, Telecommunications and Marine Engineering (DITEN) and with the IEES (Intelligent Electrical Energy System) laboratory of the University of Genoa, the University of Bologna and Yanmar R&D Europe Srl, obtained a loan from the Cassa per i Servizi Energetici e Ambientali (CSEA) of Euro 1.1 million
  • The development of a Virtual Power Plant (VPP) in an industrial tertiary context is planned, with the objective of validating the value chain in several real industrial and public administration districts

 

TerniEnergia, smart company listed on MTA of Borsa Italiana and part of the Italeaf Group, announces that Softeco Sismat, the digital company of the Group, leads the VIRTUS project (“VIRTUal Management of distributed energy resourceS”) financed by the Ministry of Economic Development through the Cassa per i servizi energetici e ambientali (CSEA, www.csea.it) for a total of Euro 1.1 million, of which Euro 550 thousand as part related to the activities carried out by Softeco.

The project will develop a Virtual Power Plant (VPP) prototype in an industrial tertiary context, with the aim of validating the value chain in several real districts (industrial and public administration) and demonstrating the technical and economic feasibility of synergistic coordination of distributed resources, for local energy optimization and the provision of services dedicated to different actors of the electricity system, regulated and liberalized.

The VIRTUS project is supported by the scientific coordination of the University of Genoa – Department of Electrical, Electronic, Telecommunications and Naval Engineering (DITEN) thanks to the collaboration with the IEES (Intelligent Electrical Energy Systems, http://iees.diten.unige.it) a laboratory coordinated by Prof. Stefano Massucco. The University of Bologna and Yanmar R&D Europe Srl also take part in the cluster.

The project consolidates and enhances the profitable and continuous collaboration between Softeco Sismat and UNIGE-DITEN-IEES in the study of methodologies and development of cutting-edge solutions for smart grids, after the experience of the SmartGen project (Study, development and validation of innovative methods and tools for the management of active distribution networks with generation from renewable sources, www.smartgen.it) and the current PODCAST project (Platform for Optimization of Distribution through the use of data from Electronic Counters and Distribute Storage systems, www.podcast-csea.eu).

With the coordination of the SmartGen, PODCAST and VIRTUS initiatives, Softeco Sismat completes a bouquet of R&D projects in the field of Ricerca di Sistema (www.ricercadisistema.it), confirming its role as a reference for high added value research activities on the smart grid and digital energy issues.

 

 

TERNIENERGIA (TER. MI), established in September 2005 and part of the Italeaf Group, is the first Italian global technological enabler, committed to bringing energy solutions and efficient recovery of integrated and sustainable resources to the world. Organized into two strategic business lines (Assets and Smart solutions and services), with about 400 employees and a geographical presence worldwide, with operative and commercial offices, TerniEnergia develops innovative solutions, products and services based on digital and industrial technologies for the energy supply chain, grids, smart mobility, industrial automation and the recovery of marginal resources.

TerniEnergia, also through its subsidiaries (Softeco Sismat, Selesoft Consulting, Greenled Industry, GreenAsm, GreenAsm, Purify, Wisave, Ant Energy), pursues the objectives of increasing energy production from renewable sources, saving energy and reducing emissions and actively participates in the energy revolution of distributed power generation and smart grids, with innovative digital solutions.

TerniEnergia is the ideal partner for large utilities, distribution operators and network operators, energy producers, public administrations, industrial customers and investors who intend to realize large projects for the production of renewable energy, modern systems and plants with high energy efficiency, solutions for the management and maintenance of infrastructure and electrical installations.

TerniEnergia has completed its transformation from a leader in the international photovoltaic market  into a smart energy company and technological enabler for the sustainable use of resources through a complete commercial offer of solutions, the development and supply of digital technologies and the creation of “intelligent” services and solutions aimed at public and private customers in emerging sectors.

TerniEnergia is listed on the MTA of Borsa Italiana.

Press-release_TEvirt-05-06-2018

31May 2018

The Board of Directors approved the results as at 31 March 2018. NAV of Euro 22.7 million. Ebitda equal to Euro 0.36 million. Net result equal to Euro 41 thousand.

  • Revenues amounted to € 763 thousand (€ 8.6 million for the Italeaf Group consolidated)
  • EBITDA equal € 361 thousand (€ 1.35 million for the Italeaf Group consolidated)
  • EBIT amounted to € 219 thousand (€ -1.35 million for the Italeaf Group consolidated)
  • EBT equal to € 6 thousand (€ -3.3 million for the Italeaf Group consolidated)
  • Net result amounted to € 41 thousand (€ -2.68 million for the Italeaf Group consolidated)
  • Shareholders’ Equity amounted to € 27.7 million (€ 24.8 million for the Italeaf Group consolidated)
  • NFP of € 5 million (€ 114.5 million for the Italeaf Group consolidated)
  • NAV equal to € 22.7 million; NAV per share equal to € 1.32

 

The board of directors of Italeaf, holding company and first Italian company builder active in cleantech and smart innovation sectors, listed on NASDAQ First North, has approved today the interim report as at 31 March, 2018.

 

Financial highlights*

  As at march, 31 2018 VS march 31, 2017
 
in Euro
Net revenues from sales and services 763,050 -16.9%
EBITDA 360,744 48.2%
EBIT 218,987 142.1%
EBT (Pre-tax result) 6,054 104.3%
Net result 41,022 n.a. %
    VS  December, 31 2017
Shareholders’ Equity 27,835,950 0.1%
Total net financial position 17,539,725 2.6%

 

*Separated Interim Report prepared in accordance with accounting principles ITALIAN GAAP

 

The NAV of Italeaf amounted to Euro 22.7 million as at 31 March 2018 (Euro 24.1 million as at December 31, 2017; -5.9 NAV per share equal to Euro 1.32.

 

The Interim Report as at March 31, 2017 in full version and in English will be published on the Company’s website and on Nasdaq Inpublic.

Press-release_1Q2018_31-05-2018+Interim Report1Q2018

25May 2018
  • Planned the establishment of the newco “TerniEnergia Progetti” to ensure the business continuity and the safeguard of the employment levels
  • Consideration for the transaction of Euro 2 million, closing scheduled for June 30, 2018

 

TerniEnergia, smart company listed on MTA of Borsa Italiana and part of the Italeaf Group, announces that it has signed today a non-binding Memorandum of Understanding with GIL Capital Ltd, a company incorporated under British law, for the sale of the “On site Engineering and Operations” line of business (EPC and O&M photovoltaic).

The GIL Capital group was established in 2012 by the management buy-out of the British Greenray Holding group, which has been operating in the industrial maintenance sector for conventional thermoelectric plants since 1981. GIL Capital is owned and managed by Dr. Leonardo Montesi who has more than 30 years of professional experience in the plant engineering sector and 25 years on the Boards of large international companies in the sector.

The transaction, which is expected to generate total proceeds of Euro 2 million, provides for the establishment of a newco called “TerniEnergia Progetti” which will merge technical office, operating teams, warehouse and equipment related to activities in the photovoltaic sector in Italy and abroad, with the exclusion of the contract for the construction of a photovoltaic plant in Tunisia.

The completion of the transaction is expected by 30 June 2018.

The agreement will allow the continuity of the photovoltaic business, in which TerniEnergia has gained in the years a relevant expertise, the continuity of the brand, strongly affirmed in the sector, the preservation of the operational headquarters of “TerniEnergia Progetti” in the industrial area of Nera Montoro (TR) and the protection of employment levels for a total of 21 employees of TerniEnergia.

The closing of the transaction is subject, among other conditions, to due diligence by the purchaser, and to other conditions of a technical-contractual nature, typical of this type of transaction.

It should be noted that the contents of the Memorandum of Understanding signed today are consistent with the Plan of recovery and relaunch of TerniEnergia, aimed at pursuing, in the medium term, the transformation of the Company into a smart company and the overcoming of the current situation of financial tension of the Group, based on strategic guidelines identified by the Board of Directors.

 

 

TERNIENERGIA (TER. MI), established in September 2005 and part of the Italeaf Group, is the first Italian global technological enabler, committed to bringing energy solutions and efficient recovery of integrated and sustainable resources to the world. Organized into two strategic business lines (Assets and Smart solutions and services), with about 400 employees and a geographical presence worldwide, with operative and commercial offices, TerniEnergia develops innovative solutions, products and services based on digital and industrial technologies for the energy supply chain, grids, smart mobility, industrial automation and the recovery of marginal resources.

TerniEnergia, also through its subsidiaries (Softeco Sismat, Selesoft Consulting, Greenled Industry, GreenAsm, GreenAsm, Purify, Wisave, Ant Energy), pursues the objectives of increasing energy production from renewable sources, saving energy and reducing emissions and actively participates in the energy revolution of distributed power generation and smart grids, with innovative digital solutions.

TerniEnergia is the ideal partner for large utilities, distribution operators and network operators, energy producers, public administrations, industrial customers and investors who intend to realize large projects for the production of renewable energy, modern systems and plants with high energy efficiency, solutions for the management and maintenance of infrastructure and electrical installations.

TerniEnergia has completed its transformation from a leader in the international photovoltaic market  into a smart energy company and technological enabler for the sustainable use of resources through a complete commercial offer of solutions, the development and supply of digital technologies and the creation of “intelligent” services and solutions aimed at public and private customers in emerging sectors.

TerniEnergia is listed on the MTA of Borsa Italiana.

Press-release_TEepc-25-05-2018

22May 2018
  • The Group’s digital company in a cluster of companies that has obtained a grant of Euro 1 million from the Liguria Region
  • Expected the development of innovative solutions for the energy and environmental management of heterogeneous urban districts, to increase flexibility and autonomy aimed at reducing energy consumption and their environmental impact

 

TerniEnergia, smart company listed on MTA of Borsa Italiana and part of the Italeaf Group, announces that Softeco Sismat, the digital company of the Group, participates in the “PICK-UP” project (IoT Sensor Integration Platform for the Control of Energy KPIs in the Urban Area and the Planning of Energy Efficiency Interventions and Integration with Microgrid), funded under the call for proposals POR FESR 2014-2020 Axis 1 “Research and Innovation” – Action 1.2.4 – Scope “Safety and Quality of Life” – as per the ranking published by FILSE (www.filse.it), the Ligurian Financial Company for Economic Development, a technical entity that supports and assists the Liguria Regional Authority and other Ligurian local authorities in the planning, definition and implementation of policies and measures to support the Ligurian economic system.

The two-year project, leaad by Gruppo SIGLA srl, will receive a total grant of over Euro 1 million and involves, in addition to Softeco Sismat, Impara S.r.l., MAPS S.p.A., ABB S.p.a., Flairbit S.r.l. and Stam. The financing confirms the constant commitment of the company in the development of innovative solutions in the Energy & Environment field (http://www.research.softeco.it/energy.aspx) and in the continuous technological transfer in solutions for its customers (http://www.softeco.it/linee-business/energy-utilities/).

The PICK-UP project envisages the creation of an innovative tool for the energy and environmental assessment of heterogeneous urban districts, aimed at reducing energy consumption and their environmental impact. The main areas of innovation considered are:

  • the definition of new models for interpreting energy data;
  • the development of predictive control methods for greater energy efficiency and integration with microgrids;
  • the identification and testing of models for the aggregation and integration of distributed generation sources to increase flexibility with respect to the national energy system (Demand Response).

 

 

TERNIENERGIA (TER. MI), established in September 2005 and part of the Italeaf Group, is the first Italian global technological enabler, committed to bringing energy solutions and efficient recovery of integrated and sustainable resources to the world. Organized into two strategic business lines (Assets and Smart solutions and services), with about 400 employees and a geographical presence worldwide, with operative and commercial offices, TerniEnergia develops innovative solutions, products and services based on digital and industrial technologies for the energy supply chain, grids, smart mobility, industrial automation and the recovery of marginal resources.

TerniEnergia, also through its subsidiaries (Softeco Sismat, Selesoft Consulting, Greenled Industry, GreenAsm, GreenAsm, Purify, Wisave, Ant Energy), pursues the objectives of increasing energy production from renewable sources, saving energy and reducing emissions and actively participates in the energy revolution of distributed power generation and smart grids, with innovative digital solutions.

TerniEnergia is the ideal partner for large utilities, distribution operators and network operators, energy producers, public administrations, industrial customers and investors who intend to realize large projects for the production of renewable energy, modern systems and plants with high energy efficiency, solutions for the management and maintenance of infrastructure and electrical installations.

TerniEnergia has completed its transformation from a leader in the international photovoltaic market  into a smart energy company and technological enabler for the sustainable use of resources through a complete commercial offer of solutions, the development and supply of digital technologies and the creation of “intelligent” services and solutions aimed at public and private customers in emerging sectors.

TerniEnergia is listed on the MTA of Borsa Italiana.

Press-release_TEPICKUP-22-05-2018

17May 2018
  • The Group’s digital company at the head of a cluster of companies that has obtained financing from the Liguria Region of Euro 0.9 million
  • Experimentation of innovative solutions, applications and services in the Genoa metropolitan area is expected

 

TerniEnergia, smart company listed on MTA of Borsa Italiana and part of the Italeaf Group, announces that Softeco Sismat, the digital company of the Group, will lead the project “GoSmart – Genoa Smart Mobility 2.0”, for sustainable and intelligent mobility, funded under the call for proposals POR FESR 2014-2020 Axis 1 “Research and Innovation” – Action 1.2.4 – Scope “Safety and Quality of Life” – as per the ranking published by FILSE (www.filse.it), the Ligurian Financial Company for Economic Development, a technical entity that supports and assists the Liguria Regional Authority and other Ligurian local authorities in the planning, definition and implementation of policies and measures to support the Ligurian economic system.

The project, which will last two years, will receive a total funding of over 0.9 million Euros, involves a cluster of companies as T Bridge S.p.A., TeMA S.r.l., Artys S.r.l. and Aitek S.p.A. and continues the long positive series of projects in the field of sustainable and intelligent mobility (https://www.ternienergia.com/en/innovation/smart-mobility/) thanks to which the TerniEnergia Group, through the R&D of Softeco Sismat, presents itself as an international solution provider (http://www.softeco.it/linee-business/trasporti-e-infrastrutture).

The GoSmart project involves the study, design and validation in the Genoa metropolitan area of the prototype of a multi-service ICT platform, cloud-based, modular and scalable, aimed at the governance of processes and the security of urban mobility and effective management of cooperative mobility services, characterized by the increasing interconnection and exchange of information between systems, vehicles, devices and intelligent objects (IOTs), data sources and people. The general theme of the research activities is the development of technologies and methodologies for the deployment and management of architectures, applications and services in support of traffic and multi-/co-modal mobility (Multimodal Traffic & Travel Information Services).

The applications provided are related to technologies for the multi-channel dissemination of information through systems and devices that can be used by the user during the journey (e.g. on-trip services on smartphones, personal navigation devices – PNDs and location-based interaction with the surrounding environment – Wireless Sensor Networks).

The general theme of the research activities is the development of technologies and methodologies for the deployment and management of architectures, applications and services in support of traffic and multi-/co-modal mobility (Multimodal Traffic & Travel Information Services).

 

TERNIENERGIA (TER. MI), established in September 2005 and part of the Italeaf Group, is the first Italian global technological enabler, committed to bringing energy solutions and efficient recovery of integrated and sustainable resources to the world. Organized into two strategic business lines (Assets and Smart solutions and services), with about 400 employees and a geographical presence worldwide, with operative and commercial offices, TerniEnergia develops innovative solutions, products and services based on digital and industrial technologies for the energy supply chain, grids, smart mobility, industrial automation and the recovery of marginal resources.

TerniEnergia, also through its subsidiaries (Softeco Sismat, Selesoft Consulting, Greenled Industry, GreenAsm, GreenAsm, Purify, Wisave, Ant Energy), pursues the objectives of increasing energy production from renewable sources, saving energy and reducing emissions and actively participates in the energy revolution of distributed power generation and smart grids, with innovative digital solutions.

TerniEnergia is the ideal partner for large utilities, distribution operators and network operators, energy producers, public administrations, industrial customers and investors who intend to realize large projects for the production of renewable energy, modern systems and plants with high energy efficiency, solutions for the management and maintenance of infrastructure and electrical installations.

TerniEnergia has completed its transformation from a leader in the international photovoltaic market  into a smart energy company and technological enabler for the sustainable use of resources through a complete commercial offer of solutions, the development and supply of digital technologies and the creation of “intelligent” services and solutions aimed at public and private customers in emerging sectors.

TerniEnergia is listed on the MTA of Borsa Italiana.

Press-release_TESofmob-17-05-2018