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Italeaf announces that the ordinary Shareholders’ meeting of 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, met today under the chairmanship of Stefano Neri, approved the investment transaction concerning the purchase of a stake to 100% of the shares representing the share capital of the company Greenled Industry SpA on the sale, as consideration, up to a maximum of n. 2,078,195 shares, equal to 4.71% of the share capital.

Greenled Industry is a company that operates in the production and sale of LED lamps, particularly high performance for their efficiency in terms of energy saving and high-tech. For TerniEnergia, the acquisition has a function of supply chain optimization for the “Energy Saving”business unit, active in the implementation of energy efficiency projects, under which the supply of LED lamps is the main cost. This transaction is consistent with the objectives of TerniEnergia and in line with industrial growth of the “Energy Saving” activity planned in the Business Plan presented to the financial community on October 30, 2015. In addition, in the same plan, the Company expressly identified in the acquisition of innovative technologies in the field of energy efficiency, one of the priorities for growth.

The transaction, widely described in the press release issued to the market on November 27, 2015, following the relevant resolution of the Board of Directors, is configured as a “related party transaction”, since the operation carried out with its parent Italeaf SpA which, it is recalled, it holds an interest representing 46.78% of the share capital of TerniEnergia and exerts control over it pursuant to Article 2359, first paragraph, no. 2 of the Civil Code and Article 93 of the TUF. Therefore, Italeaf is a related party to the Company pursuant to article 3, first paragraph, point (a) and the definition of related parties contained in Annex 1, paragraph 1, letter (a) (i) of the Consob Regulation no. 17221/2010.

Therefore, on 4 December 2015, it was published pursuant to the law an “Information Document”.

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For more information see press release issued to the market on November 27, 2015 as well as the Information Document related to investment for the acquisition of Greenled Industry on the website www.ternienergia.com under the Investor Relations section.

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; decommissioning of industrial plants, recovery of demolition metals and cleaning of industrial sites; 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..

ITALEAF: Skyrobotic Announces EN9100:2009 and ISO9001:2008 Certifications for the Italian Facility

• Skyrobotic, a leading manufacturer of unmanned aircraft systems (drones), continues to strengthen its commitment to aerospace industry

Skyrobotic, a company active in the development, design, production and marketing of unmanned aircraft systems (SAPR) in mini and micro classes for civil and commercial use, part of Italeaf Group, has been certified EN 9100: 2009 (equivalent in technical terms to AS 9100C and JISQ 9100 2009) for the facility of Nera Montoro, Italy, in the “design, production and after sales service of unmanned aircraft systems”.

This is the result of a two-year investment in the processes of preparation and auditing carried out by the company, which qualifies Skyrobotic as the first independent company in the production of drones under 25 kg in Italy to qualify according to the strict criteria of the European standard that describes a system quality assurance for the aviation industry. Its equivalents are the AS 9100 in America and in Asia JISQ 9100.

The EN ISO 9100:2009 is specific qualification for the aerospace industry, fully comprehends the ISO 9001:2008 (certification obtained simultaneously from Skyrobotic) and creates transparency in the aerospace sector. The focus is not only on process orientation, procurement and risk management. Due to long development times, it’s equally important to manage documents, configuration and development, and is applicable to aircraft manufacturers and increasingly also their suppliers.

“It is a very important result – stated Mr Stefano neri, Chairman of Skyrobotic and Italeaf – which marks a further important watershed for the Skyrobotic industrial qualification on a competitive continental market, that is facing the issue of regulation and limitations for professional use of the unmanned aircraft systems. The strategic and industrial choice to qualify our excellent quality control system to a level of international class, we believe to contribute to strengthen the Italian and European UAS ecosystem, helping to broaden the possibility of applying the technology of drones to always major industrial, professional, commercial and service sectors”.

“The certification EN 9100:2009 to our industrial facility plant in Narni (Italy), obtained by the independent and accredited certification body Dekra, demonstrates our ongoing commitment to be a world-class supplier in the aerospace industry. We are very proud of all our employees who have worked hard to achieve this result – says Federico Zacaglioni, CEO of Skyrobotic – This demanding endeavor forced us to improve every process we use to develop, manufacture, our unmanned aircraft systems and support our customers. Skyrobotic is a company that pursues continuously measurable improvements. Our customers in the field of aerial work requiring a very high level of quality product and we have the responsibility to aanswwer effectively to their needs. The Group’s commitment is to continually surpass expectations with deliveries and quality standards higher and higher”.

Press Release_SKY-2015-11-12

On 30 November 2015, 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 finalized the divestment transaction for the transfer of the shares of Free Energy SpA (“Free Energia”), receiving as consideration the shares of TerniEnergia held by the shareholders of Free Energia.

In particular, as announced to the market on the same date, on October 2, 2015 the Board of Directors of TerniEnergia approved the signing of the divestment contract for the transfer of shares of Free Energia in favor of the main former shareholders of Free Energia, in exchange for TerniEnergia shares unlisted.

Subsequently to the fulfillment of the two conditions precedent provided for the divestment contract – ie the positive express consent (i) by the Bondholders Meeting of the bond “TerniEnergia Euro 25,000,000.00 Notes due 2019”, held on November 16, 2015 and (ii) by the Shareholders’ Meeting held on November 18, 2015 – with the turn of the Free Energia shares and the transfer of the TerniEnergia shares to the presence of an authorized intermediary, on November 30, 2015, was completed this divestment transaction.

Consequently, TerniEnergia transferred n 3,315,936 Free Energia shares (representing 88.07% of the entire capital of Free Energia) in favor of BA & Partners SpA, Sistematica SpA, Energetica SpA and Feed SpA, in exchange for n. 5,845,290 own shares  (representing 13.26% of the entire capital of TerniEnergia)

The right to collect the profits related to the business year 2015 remain pro quota with those buyers.

Part of the treasury stock resulting from this transaction will be placed at the service of the acquisition of Greenled Industry SpA shares, under the terms referred to in the press release dated November 30, 2015.

Press-release_2015-12-01

ITALEAF and TERNIENERGIA: the Boards of directors approved the acquisition of up to 100% of the share capital of Greenled Industry by TerniEnergia

• The company operates in the production and sale of LED technology lamps and represents a technological targets for the business line “Energy Saving” of TerniEnergia, that is active in the implementation of energy efficiency projects
• The market value of the 100% of the share capital of GreenLed Industry equal to Euro 3.5 million was determined using the valuation of an independent expert
• Thanks to this transaction Italeaf can manage the first exit of a startup investee company through its venture capital activity, in advance of the three-year strategical growth program of the first Italian company builder
• The shares of Greenled Industry will be sold to TerniEnergia upon receipt of TerniEnergia’s teasury stocks resulting from the divestment by Free Energia S.p.A.
• The transaction will be subject to approval by the Shareholders’ Meeting of TerniEnergia next December 28, 2015

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, obtained the favorable opinions from the Committee for Transactions with Related Parties, approved the acquisition by TerniEnergia of an amount up to 100% of the share capital of Greenled Industry SpA, a company active in the production and sale of lamps with LED technology .

In particular, on November 27, 2015 the Board of Directors of Italeaf SpA, controlling shareholder of Greenled, resolved to propose to the purchase of shares of TerniEnergia Greenled (l ‘”Transaction”) at market value, as evidenced by an independent expert appointed for that purpose. The purchase price for 100% of the share capital of Greenled agreed was Euro 3.5 million, as indicated in the evaluation of the independent expert, in the person of Dr. Luigi Tardella from Ambers & CO Srl, acquired by TerniEnergia. In consideration of the purchase of shares of Greenled, TerniEnergia correspond treasury assets resulting from the divestment of Free Energy: to respect the valuation of the expert identifies the value in Euros 1.68 for each appropriate action of TerniEnergia. It follows that the purchase of 100% of the shares of Greenled result in the sale of a maximum number of n. TerniEnergia 2,078,195 own shares, representing 4.71% of the share capital of TerniEnergia.

The Board of Directors of TerniEnergia, received the proposal from Italeaf, has positively assessed the operation, acting to submit the approval to the shareholders’ meeting convened for December 28, 2015. Therefore, only the outcome of the relevant resolution will be possible communicate the correct number of shares Greenled to be acquired and the number of shares used as consideration for such purchase.

Greenled is a company that operates in the production and sale of LED lamps, particularly high performance for their efficiency in terms of energy saving and high-tech.

TerniEnergia for the acquisition has a function of supply chain optimization for the business unit called “Energy Saving”, active in the implementation of energy efficiency projects, under which the supply of LED lamps is the main cost. This transaction is consistent with the objectives of TerniEnergia and in line with industry growth of ” Energy Saving ‘planned in the Business Plan presented to the financial community on October 30, 2015. In addition, in the same plan, the Company expressly it identified in the acquisition of innovative technologies in the field of energy efficiency, one of the priorities for growth. For Italeaf, however, the operation is the first opportunity to close the exit of one of Startups held by the company in advance of the plans provided for in the three-year program of strategic growth presented to the financial community and the MTF Nasdaq First North Stockholm, where the Company is listed. The transaction is then put in place for the sole purpose of increasing the corporate values of the respective companies involved and improve the operation, in accordance with the corporate interest.

The acquisition of Greeenled by TerniEnergia is configured as a “related party transaction”, since the operation carried out with its parent Italeaf SpA which, it is recalled, it holds an interest representing 46.78% of the share capital of TerniEnergia and exerts control over it pursuant to Article 2359, first paragraph, no. 2 of the Civil Code and Article 93 of the TUF.

Therefore, Italeaf is a related party to the Company pursuant to article 3, first paragraph, point (a) and the definition of related parties contained in Annex 1, paragraph 1, letter (a) (i) of the Consob Regulation no. 17221/2010.

In addition, it is noted that other Greenled shareholders are related parties of the Company, as shown in the table below:

As shown in the table above, therefore, the shares of Greenled are held, for the 82.03%, by persons who are qualified as related parties of TerniEnergia.

The transaction was then approved by the Board of TerniEnergia after gaining the approval of the Committee for Transactions with Related Parties, in accordance with Consob Regulation no. 17221/2010 and procedure adopted by the Company.

Moreover, the operation is configured as a “transaction with related parties of greater importance”, since they are exceeded the relevance indexes provided under Article. 4, paragraph 1, lett. a) of the aforementioned Consob regulation.

Consequently, TerniEnerga has prepared an “Information Document, in accordance with the instructions provided for in the applicable legislation and pursuant to the Procedure for Transactions with Related Parties, approved by the Board of Directors of TerniEnergia on November 30, 2010. This document will be made available to the public under the terms and procedures provided by the relevant regulations.

Press-release_GREENLED2015-11-30

The Shareholders meeting of 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, met today in ordinary session under the chairmanship Stefano Neri.

The Ordinary General Meeting approved the divestment operation between the Company and the former shareholders of Free Energia (not classified as related parties) concerning the transfer up to the entire stake held by the Company in Free Energia. To this end, also under Articles 2357 and following of the Civil Code, the shareholders authorized the Board of Directors to purchase up to a maximum of n. 6,477,550 shares, equal to 14.69% of the share capital, at a value of Euro 17.5 million and identified corresponding to 100% of the share capital of Free Energia. More details have been already communicated to the market through the press release of October 2, 2015.

The Ordinary General Meeting has also approved the authorization to the Board of Directors, pursuant to art. 2357 Civil Code to completion, according to the terms and conditions specified by it, of disposals, in one or more tranches, the own shares to be acquired and held in the portfolio.

In particular, through the purchase of own shares resulting from the recalled Divestment Agreement, to supplement those already provided in the plan of “buy back”, the Board of Directors plans to acquire a portfolio consisting of common shares to be used as TerniEnergia consideration as part of any extraordinary transactions, through an exchange of shares or as a subject of the transfer, or for other purposes deemed of strategic, financial, industrial and / or management for TerniEnergia, in compliance with applicable regulations.

Since the shares to be acquired from the same TerniEnergia are not listed, they will not apply the rules and principals of art. 132 of Legislative Decree no. 24 February 1998, n. 58 and Art. 144-bis of Consob Regulation regarding the regulation of issuers, adopted by Consob Resolution no. 11971/99 and subsequent amendments and additions.

The operations of disposal of treasury shares will be performed in compliance with applicable law and in particular in respect of laws and regulations, national and EU, even in terms of market abuse.

The completion of the transactions of purchase and disposal of own shares will be given adequate notice in compliance with the applicable disclosure requirements.

Press Release_11-18-2015

• The Noteholders’ Meeting gives consent to carry out a disinvestment transaction related to the transfer, up to the entire shareholding held by the Company in Free Energia S.p.A.

 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, announces that on November 16, 2015 the Noteholders’ Meeting of the bonds “TerniEnergia Euro 25,000,000.00 Notes due 2019”, for a total amount of 250 non-convertible bonds with a nominal value of Euro 100,000.00 each, issued by the Company with resolution dated January 27, 2014 – expressed the approval, in accordance with the Terms and Conditions of the Notes, to carry out a disinvestment transaction related to the transfer, up to the entire shareholding held by the Company in  Free Energia S.p.A.

Press Release_11-16-2015

Net profit equal to Euro 0.5 million, Ebitda equal to Euro 0,55 million. Possible anticipation of the exit of Greenled Industry by 2015

• Revenues amounted to € 3.1 million (€ 279.7 million for the Italeaf Group consolidated)
• EBITDA equal to € 0.55 million (€ 18.05 million for the Italeaf Group consolidated)
• EBIT amounted to € 0.03 million (€ 13.3 million for the Italeaf Group consolidated)
• EBT equal to € 0.7 million (€ 6 million for the Italeaf Group consolidated)
• Net profit amounted to € 0.5 million (€ 4.2 million for the Italeaf Group consolidated)
• Shareholders’ Equity amounted to € 28 million (€ 80.3 million for the Italeaf Group consolidated)
• NFP of € 8 million (€ 110.9 million for the Italeaf Group consolidated)
• NAV equal to € 34.75 million

The board of directors of Italeaf, holding company and first Italian company builder active in cleantech and smart innovation sectors, listed on on NASDAQ OMX First North, has approved today the interim report as at 30 September, 2015.

Financial highlights*

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

The NAV of Italeaf amounted to Euro 34,75 million as at September 30, 2015 (Euro 36.3 million at December 31, 2014; -4.3%).

Notice is hereby given that in the period startups subsidiaries reported the following results:

– Greenled Industry Spa: revenues of around Euro 1.05 million and EBITDA of approximately EUR 0.26 million (EBITDA margin 25%);

– Skyrobotic Spa: revenues of around Euro 0.42 million and EBITDA of approximately 0,12 million (EBITDA margin 29.3%).

The CEO of Italeaf, Mr Nicola Romito, stated:

“During this quarter, the NFP of the Group at consolidated level was further reduced, down to 11% compared with the end of 2014. This shows the attention both of Italeaf both TerniEnergia to achieving full financial sustainability. We also believe we can testify to the goodness of the company builder business model, through the first exit of one of the startups accelerated, anticipating the times already within this year”.

The Interim Report as at September 30, 2015 in full version and in English, attached to this press release, will be published on the Company’s website.

Press-release_INTREP3Q15_2015-10-30

Revenues, EBITDA and EBIT grow up significantly, further reduction of the NFP

• Revenues of Euro 277.2 million (Euro 32.4 million at 09/30/2014)
• EBITDA of Euro 16.5 million, + 7.73% (Euro 15.3 million at 30/09/2014) with EBITDA margin to 5.95%
• EBIT of Euro 12.3 million, + 47.9% (Euro 8.3 million at 09/30/2014)
• Net profit amounted to Euro 3.4 million, -46% (Euro 6.3 million at 30/09/2014)
• Net Financial Position of Euro 92.9 million (-14%), Euro 7.1 million of which in short term (Euro 108.2 million at 31/12/2014, of Euro 18.3 million which in short term)
• Shareholders’ equity amount to Euro 70.8 million (Euro 71.3 million at 31/12/2014)

The Board of Directors of 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, approved the interim financial report as at September 30, 2015.

Stefano Neri, Chairman and CEO of TerniEnergia commented as follows:

“The results are fully satisfactory and in line with the forecasts of the business plan, that we’re going to update with the new strategic vision of the Group. It should be noted the great work done by TerniEnergia to reduce the net financial position, with a further improvement in this quarter, and already below the target set for the end of the year”.

CONSOLIDATED RESULTS AS AT SEPTEMBER 30, 2015

Revenues amounted to Euro 277.2 million, showing a significant increase compared to 30 September 2014 (Euro 32.4 million). The increase is mainly attributable to the new business and organizational model and to the contribution of revenues from the Energy Management and Technical Services business line. Significant growth in the income in the Cleantech and Energy Saving.

EBITDA amounts to Euro 16.5 million, with a significant increase (+ 7.73%) compared to September 30, 20114(Euro 15.3 million). The EBITDA margin is equal to 5.95%.

Net operating income (EBIT) amounts to Euro 12.3 million (Euro 8.3 million as at September 30, 2014, +30%), after amortization and depreciation of Euro 4.2 million (Euro 7 million at the same period of 2014).

Net profit amounted to Euro 3.4 million. Net income as at September 30, 20114 was Euro 6.3 million (-46%). The reduction is mainly due to the fact that at 30 September 2014, TerniEnergia benefited from a positive balance of Euro 6 million due to the recognition of income tax resulting from the so-called “Tremonti Ambientale” for certain Group companies that own important photovoltaic plants.

The net financial position amount to Euro 92.9 million (Euro 108 million as at 31/12/2014). The non-current NFP is Euro 85.8 million, while the net financial position in short term amount to Euro 7.1 million. The NFP/Net equity ratio equal to 1.3x, improves significantly (1.52x as at 31/12/2014) in line with the expectations of the industrial plan.

The Net Equity amounted to Euro 70.8 million (Euro 71.3 million at 31/12/2014), while the Fixed assets amounted to Euro 148.5 million, Euro 92.1 million of which are referred to tangible assets.

INDUSTRIAL RESULTS AS AT SEPTEMBER 30, 2015

The state of the art of the two “giant” worksites active in South Africa (photovoltaic plants of total capacity of 148.5 MWp on behalf of a leading Italian utility) is in line with the timetable envisaged by the final contracts for the EPC (engineering, procurement and construction) and O&M (operation and maintenance). The total number of photovoltaic plants built by TerniEnergia from the beginning of its activity is equal to 273, with an aggregate capacity of approximately 284.1 MWp (16.45 MWp in full ownership and 25.91 MWp in joint venture for the Power Generation activity). Moreover, are connected to the grid biomass plants for a total of 1.5 MWe and 2 MWt.

The total energy production of the full ownership and joint ventures plants for the power generation business, in the first half was equal to around 53 million kWh. In the environmental sector are operating two treatment and recycle plant of end of life tires (ELTs), the GreenAsm biodigestion and composting plant and finally the groundwater remediation plant in Nera Montoro (TR).

From the beginning of the year Free Energia Group has managed 1,1 TWh of energy for energy-intensive customer, 400 GWh of which during the period. TerniEnergia has completed lighting energy efficiency sites of industrial scale for around 9,200 light points, with an expected savings superior to 60% and a delta of energy saving of approximately 4 GWh.

SIGNIFICANT EVENTS OCCURRED AFTER THE END OF PERIOD

The Board of Directors approveD the divestment agreement for the transfer of the shares of Free Energia SpA

On October 2, 2015 the Board of Directors of TerniEnergia resolved to sign the divestment agreement for the transfer to the former leading shareholders of Free Energia SpA of n. 3,674,604 shares equal to 97.60% of its share capital, and representative of the entire stake held by TerniEnergia in Free Energia, the details of which have been already communicated to the market through the Press release disseminated last 7 August 2015. The closing of the transaction is subject to two specific conditions precedent, which must occur by 30 November 2015, and in particular to the positive pronouncement by (i) the general bondholders’ meeting convened for the November, 9 2015 and (ii) of the ordinary shareholders’ meeting of TerniEnergia, convened for the November, 18 2015.

Born of TerniEnergia Gas & Power S.p.A.

On October 7, 2015, the Shareholders’ Meeting of New Gas Trade approved the company’s transformation from Srl in S.p.A. and the change of name in TerniEnergia Gas & Power SpA, with the resulting changes to art. 1 of the Bylaws. The change of the company’s name is part of the broader project of reorganization of the Group aimed at attend all stages of the value chain for electricity and gas in Italy, by integrating supply, trading and marketing of natural gas and LNG with the generation and management of electricity.

BUSINESS OUTLOOK

TerniEnergia, consequently to the signing of the divestment agreement to Free Energia SpA has decided to approve an update of the “Fast on the road smart energy” business plan. In particular, for the year 2015, the company wants to confirm the strategic target and expected results, even considering that the transaction should be completed by the end of November 2015, considering that it is achievable an improvement of the Net Financial Position compared to the target already set for December 31, 2015.

At the same time, TerniEnergia intends to increase the contribution from contracts in photovoltaics sector already acquired and being acquired abroad, partly as a result of compliance with the timetable provided in the definitive agreements. The company also intends to take advantage of the international context extremely positive for the sector, strengthening the activities of scouting and market analysis for the development of possible partnerships in the EPC (not exclusively photovoltaic), in order to assess the possibility of setting up an “Italian leader” industrial platform for the achievement of large contracts abroad.

Moreover, in line with the strategic targets set in the updated business plan, TerniEnergia intends to strengthen and consolidate the activities of the Business Line “Energy saving”, including new managers joining the Group, from which are expected contracts for important projects energy savings to be achieved by major industrial customers.

A similar perspective is expected from the market entry of TerniEnergia Gas & Power, the newco dedicated to the natural gas and liquefied natural gas business, thanks to the full integration into Businesss Line “Energy Management”. The reorganization of the Group aimed at attend all stages of the value chain for electricity and gas in Italy, by integrating supply, trading and marketing of natural gas and LNG with the generation and management of electricity; maximize opportunities for development of the gas sector, both in Italy and internationally, recorded in the first half of a positive trend in terms of volumes and margins, are expected to grow even more interesting in relation to the sector of electric energy; distinguish the role of the Company to the institutions, the market, the financial community and the industrial customers.

TerniEnergia will continue its scouting of the best opportunities to enter into the field of development and industrial production of smart solutions and technologies for energy efficiency and cleantech.

OTHER RESOLUTIONS OF THE BOARD OF DIRECTORS

The Board of Directors following the resignation of the executive director and vice-president Dr. Umberto Paparelli, resigned on August 7, 2015, co-opted as executive director Dr. Giovanni Fabrizi, who have been conferred the responsibility for the coordination of the business line “Energy Saving”.

Dr. Giovanni Fabrizi, a degree in “Computer Science” carried out his professional activity mainly in the telecommunications, software development, system integration, research and development, the management of complex projects. He has operated in the past, among others, in Alcatel Lucent and in Sesa Group NV. The curriculum vitae of the new director is available on the company website at www.ternienergia.com.

The Officer appointed for the preparation of accounting and corporate documents, Dott. Paolo Allegretti, states, pursuant to paragraph 2 of art. 154-bis of the consolidated Financial Act, that the accounting information that is contained in this press release corresponds to the results contained in the documents, books, and accounting records.

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; decommissioning of industrial plants, recovery of demolition metals and cleaning of industrial sites; development and production of technological apparatus.

Through Free Energia, 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. Through TerniEnergia Gas & Power, the Group i salso 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..

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, a smart energy company listed on the STAR segment of the Italian Stock Exchange and active in the fields of renewable energy, energy efficiency and waste and energy management, Greenled Industry, working in the development and production of power LED lamps for industrial energy efficiency and public lighting, 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.

In attach:

– Consolidated statement of financial position as at 30/09/2015

– Reclassified consolidated income statement as at 30/09/2015

– Consolidated net financial position as at 30/09/2015

Consolidated statement of financial position as at 30/09/2015

Reclassified consolidated income statement as at 30/09/2015

Consolidated net financial position as at 30/09/2015

Press Release_TE-3q2015-10-30

• eSurv, the Italian company owner of the namesake video management and analytics software solution, cloud ready and web based, and Skyrobotic, a leading Italian manufacturer of UAV, have announced a strategic partnership for the development of professional and integrated solutions for physical security, designed to support the activities of law enforcement and civil protection.
• eSurv is ready to amaze people at the next edition of “Fiera Sicurezza”, Italian most important exhibition for security professionals. After announcing the names of the guests partners at his booth: D-Link, TB Italia and PEI System, eSurv has confirmed the collaboration with Skyrobotic, that will present its latest generation drones at eSurv stand.

eSurv and Skyrobotic have signed a partnership for the development of advanced and integrated video surveillance solutions and Unmanned Aerial Vehicle (UAV). Thus Skyrobotic will join eSurv booth at “Fiera Sicurezza 2015”, the Italian exhibition that takes place from 3rd to 5th November in Milan and involves security professionals.

The use of eSurv solution with technologically advanced Skyrobotic drones is already extremely versatile and tested in many scenarios. For example, it allows the police to respond immediately to potential risks for people’s safety, during daily activities as well as risky situations like demonstrations. Moreover, thanks to its powerful video analytics Smart Plug-in, eSurv can detect any kind of event in a variety of contexts to ensure security at the borders, during the search and rescue of missing people (integrating thermal cameras), for maritime surveillance, fire prevention, critiacal infrastructure monitoring and so on.

The primary goal of this partnership is to develop advanced solutions for specific application including law enforcement and citizen safety, in keeping with the standards of reliability, safety and certification regulations that each country requires. At Fiera Sicurezza, eSurv and Skyrobotic are going to present a joint solution based on eSurv solution and “Hunter” UAV, which introduces a new standard in situational awareness activities for public safety, law enforcement, emergency management of catastrophic events, homeland security etc.

eSurv is the only video surveillance video management and analytics software that can be used in any cloud infrastructure and that can be defined a complete, open and integrated platform, since it is able to manage and even analize video streams coming from drones as well as cameras.

Skyrobotic is a company that produces professional made in Italy UAV, taking care of the entire production chain, from design to sale. While designing UAV, Skyrobotic takes care of all aspects of technological and industrial development: aerodynamics, avionics, autopilot, navigation functions and mechanisms of automatic missions’ management. Skyrobotic’s UAV technology can also be used with optical, thermal, multispectral and micro Lidar cameras. Furthermore SkyRobotic’s UAV are provided with a base station that supports GPS / GNSS receivers (Global Positioning System/Global navigation satellite system) and RTK implementation. This kind of base station allows to receive and process signals of GPS constellations (L1, C \ A; L2 PY), of Russian GLONASS and the quite new European Galileo constellation mode E1, with 226 discriminated channels.

Try with eSurv the real Different Innovation in videosurveillance!

Skyrobotic S.p.A. is the Italian leading company in the field of UAV (drones) production. Established in December 2013, it is part of Italeaf group, working on the development, manufacturing and marketing og civil and commercial drones, mini and micro classes for the professional market. With a constant focus on innovation, the company aims to achieve leadership in the professional sector of unmanned aircraft, taking care of the whole industrial chain: from design to the system integration, till the production of reliable and effective platforms. Skyrobotic joins track record, operational experience and the financial capacity of Italeaf, which is leader in the fields of cleantech and innovative industry and listed on the MTF NASDAQ First North at the Stockholm Stock Exchange. Moreover Skyrobotic joins the know-how and experience of Siralab Robotics, a company with high technological content.

eSurv is an Italian company with 3 headquarters in Italy (Milan, Rome, Catanzaro) and 1 in Canada (Toronto). Company’s mission is to achieve “Innovation Different”, a concept that goes over simple innovation and focues on what can “make a difference” in the activities of those who deal with physical security. eSurv is also the name of our video surveillance software. It is the only solution on the market that integrates video management (VMS) and video analysis (thanks to its Smart Plug-in) into a single platform and regardless of the cameras used. It can be used on any cloud infrastructure, it is web based (i.e. it can be used via any web browser). No other software on the market offers all this! As vendor, eSurv carries the values he believes in: excellence, passion, innovation and continuous research, along with an extensive network of partners and distributors.

Press Release_SKY-2015-10-16