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• An innovative solution based on artificial intelligence and predictive models will be developed and applied to waste management and smart environmental plants
• The project will implement new decision support tools and address a wider range of machinery models for biodigestion plants and energy and material recovery from the organic fraction of municipal solid waste

algoWatt, a GreenTech Company listed on the Euronext Milan market of Borsa Italiana, has been awarded a €100,000 grant for the development of the AIGreenWaste project, an innovative software solution based on artificial intelligence and predictive models applied to waste management and smart environmental systems.

AIGreenWaste will be funded under the cascading grants call opened by the KITT4SME project (https://kitt4sme.eu) funded by the European Union (Grant Agreement N° 952119) through the Horizon 2020 – Industrial Leadership Programme and will enable the implementation of new operational functionalities based on the proprietary software AIGreen Digesto, which includes decision support tools for operators of biodigestion plants and energy and material recovery from the organic fraction of municipal solid waste. The solution is based on simulations and scenarios developed by cognitive computing and machine learning solutions and has been developed using data and production parameters from the GreenASM anaerobic biodigestion and composting plant in operation at Nera Montoro (TR) in Umbria.

Unique partner

algoWatt is the sole partner in the AIGreenWaste project. KITT4SME is a Horizon 2020 project coordinated by SUPSI (Scuola Universitaria Professionale della Svizzera Italiana) and developed by a consortium including Holonix, CRIT, VTT, ART-ER, European Dynamics, Warsaw University of Technology, Gate SpA, Ginkgo Analytics, R2M Solutions, Martel Innovate, CSIC and Rovimatica.

The project

Activities in the AIGreenWaste project will include enhancing and generalising functionality to provide operators with additional decision support tools and address a wider range of plant machinery models, and integrating into the KITT4SME platform and associated digital marketplace to reach a wider portion of biodigester plants beyond algoWatt’s current network of commercial partners.

A biodigestion plant is a system that uses organic waste to produce fertiliser and biogas through an anaerobic process and methanogenic bacteria. The biomass processed is the biodegradable fraction of products, waste and residues of biological origin from agriculture, including plant and animal substances, from forestry and related industries, including fisheries and aquaculture, as well as the biodegradable fraction of waste, including industrial and municipal waste of biological origin. The biogas produced is a mixture of various types of gas, consisting mainly of methane (at least 50%) and carbon dioxide, which can be burned to produce electricity or heat. The biogas can also be purified to extract the biomethane component that can be fed into the municipal grid.

Current biodigester systems need to be manually optimised by plant operators to produce more biogas, reduce the amount of residue and stay within the correct range of operating parameters (e.g. viscosity) to reduce the risk of maintenance downtime. This can be done by adjusting the settings and inputs of the machinery, controlling parameters such as the control of the speed of biomass injection into the biodigester, the type and quality of biomass injected and the amount of water fed into the system or the working temperature. Based on the parameters measured by the sensors, the operator varies these inputs and settings to optimise biogas production while minimising feed and post-treatment costs. This can provide the operator with useful decision support in the operational management of the plant, or, in a more advanced scenario, the prediction algorithm can directly control the feed rate of the biodigester.

KITT4SME Open Calls

KITT4SME is part of the ICT Innovation for Manufacturing SMEs initiative (I4MS, https://i4ms.eu/) to digitise the manufacturing industry, in particular, SMEs, DIH and Mid Caps that want to improve their products, business processes and business models through digital technologies. KITT4SME provides SMEs with a modular and customisable digital platform, which allows companies to combine hardware and software modules to create digital kits tailored to their needs and processes, enabling them to introduce artificial intelligence into their production systems by reducing the difficulties in adopting and using cutting-edge technologies. The solution developed within the AIGreenWaste project will be made available on the project’s RAMP digital marketplace, a community of developers and end users for Industry 4.0, and through the I4MS initiative.

• Provision of TeleBus service in Krakow for local public service operator MTK completed and operational
• Successful on-demand collective transport management service
• algoWatt will also manage full service support and operational maintenance for a period of 24 months

algoWatt, a GreenTech Company listed on the Euronext Milan market of Borsa Italiana, has completed the project for the supply of the technological solution for the management of the Tele-Bus DRT service operated by Miejskie Przedsiębiorstwo Komunikacyjne Spółka Akcyjna (MPK S.A.), a public transport operator based in Krakow (POL). Since last October, algoWatt has also been providing MPK with full service support and operational maintenance for a period of 24 months.

The new service was launched by MPK in recent months and has seen a significant increase in the number of passengers carried, meeting the strong demand for more sustainable and efficient mobility solutions. Based on the myMaaS PersonalBus product, algoWatt’s proprietary platform for the management of on-demand collective transport, the Tele-Bus solution was created to support the operational management of the entire production cycle of the DRT service operated by MPK in some districts of the peri-urban area of Krakow. The platform is the basis for the great success of the service in its first months of operation, thanks to the significant increase in accessibility and interconnection to the entire transport system for residents in the served areas. Users can access the service through a dedicated call centre and, above all, through the digital channels offered by the myMaaS PersonalBus solution, consisting of an App and a web service for booking rides, information about the service and timely notification of the bus’s arrival at the stop booked by the user.

myMaaS PersonalBus is the solution offered by algoWatt for the management of on-demand services in various areas of mobility, from demand responsive transport in areas of weak demand, to transport services for users with reduced mobility, to home-school and home-work mobility, to supplementary services and interconnection with other components of the transport system.

Developed over the years by algoWatt and continually updated with the latest technologies, it now boasts a vast installed base, with over 60 services managed in a variety of areas, from large metropolitan areas to medium-sized urban centres, small towns and historical centres, peri-urban areas and rural areas.

MPK is one of the largest public transport operators in Poland, and the selection of the solution implemented by algoWatt once again demonstrates the company’s leadership in the field of flexible mobility, providing a solid reference for foreign market development.

algoWatt, a GreenTech Company listed on the Euronext Milan market of the Italian Stock Exchange, announces that its Board of Directors, which met on 28 January, acknowledged the appointment of Eng. Idilio Ciuffarella* as General Manager of the company, qualifying him as an executive manager with strategic responsibilities as of today’s date.

Mr. Ciuffarella takes over from Mr. Massimo Mannori, who is leaving the company for reasons related to new professional opportunities and whom the group thanks for his work and commitment in the delicate phase of the merger between TerniEnergia and Softeco Sismat, which originated algoWatt.

“Idilio Ciuffarella is a recognized expert in the sector, also at international level, and has proven experience in our group’s core industries (energy, digital and IoT) with considerable turnover increases in large corporations (UK, USA, Italy, Taiwan). He is also a professional with successful business development skills and has significant achievements in the managerial management of high performing teams,” commented CEO Eng. Paolo Piccini. “At algoWatt, he will be responsible for positioning strategies, customer focus and brand reinforcement, as well as expanding the range of solutions, services and products and revenue growth“.

“It is with great pride that I take on the challenge of accelerating the business growth of a prestigious company like algoWatt, helping to make our business system excellent, through a focus on higher value-added markets, strengthening our offering, leadership, dedication, teamwork and communication,” said the new General Manager, Mr Idilio Ciuffarella. “The work that awaits me and the entire team is complex but fascinating: I believe that human capital is the key asset in a company. In order to achieve the challenging objectives of solid growth, it will be important to create a cohesive team that knows how to work in unison with competence, a spirit of sacrifice, and a willingness to change and innovate. Dealing with energy and digitalisation is now both a privilege and a responsibility. These are key sectors for the new economy, but also for the affirmation of a different social paradigm based on environmental protection, energy saving and corporate social responsibility for a better world and the future of the next generations.

*Summary profile of the Director-General

Idilio Ciuffarella, year-old52, has a degree in Electronic Engineering from the University of Genoa and specialised in Energy Management in the USA at the AEE (Association of Energy Engineers). He has thirty years of experience in the energy industry at an international level in multinational companies. Ciuffarella has been General Manager EMEA-Smart Buildings as well as Managing Director and General Manager Italy of Delta Electronics (Taiwan), Sales Director Italy and Spain of Power One Italy (USA), Sales Director Italy of Magnetek (USA), both now ABB-Fimer and Business Development Director EMEA of Marconi.

He is a key opinion leader in the fields of energy efficiency and strategic innovation and has lectured in university masters courses on energy saving, green management and corporate social responsibility at La Sapienza University in Rome and Bocconi University in Milan.  He is the creator and promoter of innovative business-oriented concepts such as “The Anthropology of Light and Buildings” and “Corporate Educational Responsibility”, with which he has accompanied the success of new eco-sustainable businesses (LED, IoT, Building Automation, Strategic Consultancy) in an intelligently balanced ethics-profit model.

In compliance with the rules governing corporate communications, please note that the curriculum vitae of Mr. Ciuffarella is available on the Company’s website in the Investor Relations/Corporate Documents area.

algoWatt, a GreenTech Company listed on the Euronext Milan market of the Italian Stock Exchange, and Gruppo NSA, which is specialised in credit intermediation, insurance consultancy services and subsidised finance for SMEs, have signed a partnership agreement with the aim of promoting the ability of small, medium and large enterprises to constantly improve the energy efficiency and sustainability of their production and business processes.

In particular, it will be possible for companies to develop systematic assessments and studies related to sustainability and energy efficiency. Thanks to the support of algoWatt and NSA, companies will be able to move more and more towards “Green Sustainability” through the achievement of the “Zerocarbontarget” (certification of the reduction/compensation of CO2 emissions) and other initiatives, which will enable them to achieve ESG criteria in their investments.

“For algoWatt this is an agreement of significant strategic relevance, because it will allow us to give a strong boost to the commercial proposition of tools aimed at the enterprise market that we have developed in recent years to increase energy and social-environmental performance. As a GreenTech solutions company, we are strongly committed to bringing companies tools for creating value in terms of energy efficiency, reducing consumption and bills, increasing environmental performance and sustainability, helping to improve the performance of company activities and freeing up resources for the business,” said Marco Genta, Sales Manager Green Enterprise & City at algoWatt.

“Around 35,000 of the NSA Group’s small, medium and mid-cap business customers will be able to benefit from this new agreement between the Group and algoWatt. The agreement is both functional and instrumental. Functional in order to optimise energy efficiency and limit the particularly high and, above all, rapidly rising cost of energy at this time. It is also instrumental because the new EU sustainability regulations will also have an impact next year on the criteria for assessing contracts awarded to companies. In the light of the news published, it would appear that a sustainability rating may be required for companies precisely to stimulate the transition, considering, among other criteria, more reliable companies that are more sustainable. The partnership between NSA and algoWatt is totally consistent with these pressing needs of companies,” concludes Giovanni Salemi, Commercial Director of the NSA Group.

• Further reduction of financial debt as at 31 December 2021 by approximately Euro 11 million

algoWatt, a GreenTech Company listed on the Euronext Milan market of Borsa Italiana, with reference to the announcement made on 21 June 2021 regarding the approval of the Recovery Plan and the signing of the Restructuring Agreement, informs that it has completed – before the expected deadline of 31 December 2021 – all payments to creditors (banks and bondholders) for approximately Euro 6 million, as provided for in the aforementioned Agreement with reference to that deadline. As a result of these fulfilments, the debt to the Banks was written off by approximately Euro 5 million, with a reduction in algoWatt’s financial debt as at 31 December 2021 of approximately Euro 11 million.

In particular, it is announced that:

1. in relation to the exposure accrued to the Bondholders, payment of 70% of the interest accrued on the Bond between 6 February 2018 and 30 June 2021 was made from the proceeds of the sale of non-strategic assets, as an equity component of the algoWatt participating capital instruments convertible into algoWatt ordinary shares (SFP algoWatt) granted to the Bondholders themselves as datio in solutum;
2. in relation to the exposure accrued towards the Lenders assisted by a corporate surety issued by Italeaf S.p.A. (the “AlgoWatt Secured Banks“), payment was made of the 10% (ten per cent.) portion of the rescheduling as provided for in the Agreement, as well as full cash payment of interest accrued between 1 January 2021 and 30 June 2021;

• in relation to the exposure accrued towards the Lenders not backed by a corporate surety provided by Italeaf (“Non-guaranteed AlgoWatt Banks“), payment was made, in full and final settlement, of a percentage equal to 20% (twenty percent) of the related debt exposure existing at December 31, 2020, as well as full payment in cash of interest accrued between January 1, 2021 and June 30, 2021, with the consequent cancellation of the residual debt;

1. in relation to the exposure accrued towards a Lender (with limited reference to the exposure accrued relating to the mortgage-backed loan on the Nera Montoro real estate complex and on Italeaf RE Immobili), algoWatt repaid 10% (ten per cent.) of the exposure as at 31 December 2020 and paid the interest accrued at a fixed interest rate of 150 (one hundred and fifty) basis points from 1 January 2021 to 30 June 2021, without prejudice to the obligation of further repayment by Italeaf for the remaining 90% (ninety per cent.) by 31 December 2022, with the consequent settlement of algoWatt’s debt upon completion of the above payments;
2. in relation to the exposure accrued with other Lenders, the interest accrued from 1 January 2021 to 30 June 2021 was paid in cash, and algoWatt PFS were allocated as datio in solutum against the extinction of the full credit exposure to these Lenders;
3. in relation to the exposure accrued towards the leasing companies, it was repaid and/or rescheduled at the time of the sale of the relevant assets.

Lastly, it should be noted that by the scheduled date of 31 December 2021, AlgoWatt had completed the disposal of assets that were no longer strategic in accordance with the terms, conditions and values set out in the Reorganisation Plan. In particular, it should be noted – as already announced on 7 December 2021 – that the Company has completed divestments for a countervalue (net proceeds of divestment) of no less than Euro 9 million (covenant “Financial Parameter 2021”). 

• The transactions were carried out through the sale of the business unit related to the management of the end-of-life tyre recovery plants of Nera Montoro (TR) and Borgo Val di Taro (PR) and the biodigestion and composting plant of Nera Montoro (TR) 
• With this transaction, divestments for a total value of Euro 3 million were completed
• As a result of the disposals, algoWatt deconsolidated plant-related financial liabilities amounting to Euro 12.2 million

algoWatt, a GreenTech Company listed on the Euronext Milan market of Borsa Italiana, announced today that it has signed the closing for the sale of assets operating in the cleantech and circular economy sectors (two end-of-life tyre recovery plants and a biodigester) – for a total of Euro 3 million – to Buttol Srl, a company operating in the sector of high quality environmental services through a sustainable development path, as envisaged by the company’s Restructuring Plan approved on 21 June 2021. Overall, as a result of the completion of the two transactions and Buttol’s taking over the leasing contracts for the plants, algoWatt deconsolidated payables of Euro 12.2 million.

Treatment and recovery plants for end-of-life tyres in Nera Montoro (TR) and Borgo Val di Taro (PR)

With regard to the ELT plants, algoWatt sold to Buttol Srl the End-of-Life Tyre Business Unit relating to the management of the Nera Montoro (TR) and Borgo Val di Taro (PR) plants and consisting of assets, legal relationships and real rights. In particular, algoWatt transferred the lease of the Umbria plant, the surface rights to a building located in Narni (TR), at the Nera Montoro plant, all necessary authorisations and all contracts instrumental to the operation of the business unit, the employees pertaining to the unit and the related payables.

The price for the sale of the business unit is EUR 1.1 million.

Biodigestion plant with energy recovery in Nera Montoro (TR) 

Further to the announcement made on 8 October 2021, algoWatt transferred to Buttol the leasing contracts relating to the GreenASM plant for the anaerobic biodigestion and composting of the organic fraction of municipal solid waste, with energy recovery from biogas valorisation, with takeover of the current contract and the right to exercise redemption of the asset on expiry. algoWatt also transferred the surface rights relating to a building serving the biodigester and the composting activity, two strategic machines for the better functioning of the plant and, finally, the services contract regulating the relationship between algoWatt and GreenASM Srl. 

The total price of the transaction, fully paid in cash by Buttol, is Euro 1.9 million. 

• The transaction was carried out through the acquisition of the shares of the SPVs owning the plants by a leading international investor in the PV sector
• The purchasers have also assumed financial debts linked to the plants for approximately Euro 7.2 million
• The three agricultural companies are owners of agro-voltaic greenhouse plants for a total of about 4.6 MW
• This transaction completed the disposal programme for a countervalue of Euro 9 million, as envisaged by the financial manoeuvre related to the algoWatt Recovery Plan (covenant Financial Parameter 2021)

algoWatt, a GreenTech Company listed on the Euronext Milan market of Borsa Italiana, following its announcement on 16 May 2019 and subsequently on 15 November 2021, announces that it has today signed the closing for the sale to a leading international investor in the photovoltaic sector, in partnership with the sponsor LCF Alliance, the shares representing the entire share capital of three agricultural companies, included among the divestments of the algoWatt Recovery Plan. The consideration for the sale of the companies that own the three agri-voltaic greenhouses, with a total capacity of approximately 4.6 MW, amounts to Euro 3.3 million. The transaction also involves the assumption by the Purchasers of financial debts linked to the plants for approximately Euro 7.2 million. The payment was made in cash. Following to what was communicated on 21 June 2021, algoWatt also informs that this transaction has led to the completion of disposals programme for a countervalue of Euro 9 million, as envisaged by the financial manoeuvre related to algoWatt’s Recovery Plan (covenant related to the 2021 Financial Parameter). algoWatt was assisted by Grimaldi Studio Legale, as legal advisor, with a team led by the Partner, Annalisa Pescatori; the purchaser and LCF Alliance were assisted by the Energy Team of Rödl & Partner, with a team led by the Partner, Roberto Pera, as legal, tax and financial advisor.

• Sold to ATP Project and Constructions Srl the 78.33% of the shares of the company that owns a purification and reclamation plant authorized to treat 438,000 m3/year of groundwater and 58,000 tons/year of liquid waste
• ATP Project and Constructions Srl already owned the remaining 21.67% of the Company’s share capital
• The payment was paid in cash by the purchaser. The sale was carried out as part of algoWatt’s Recovery Plan.

algoWatt, a GreenTech Company listed on the Euronext Milan market of the Italian Stock Exchange, today signed the closing for the sale to ATP Project and Constructions Srl of the shares representing 78.33% of the share capital of Purify Srl, owner of industrial fluid waste treatment plants and groundwater remediation plants located in the Municipality of Narni (TR), included among the divestments of the algoWatt’s Recovery Plan pursuant to art. 67 of Bankruptcy Law. The consideration for the sale of the company, of which ATP Projects and Constructions already owned the remaining 21.67% of the share capital, was agreed at Euro 4.7 million and the payment was made in cash. algoWatt was assisted by Molino Facchinelli Zerbini & Partners S.r.l., an independent advisor specialized in the renewable energy business, which managed the selective bidding procedure, while ATP Project and Constructions was assisted by Grimaldi Studio Legale, as legal advisor, with a team coordinated by the Partner, Annalisa Pescatori.

The Purify’s plants

The plant platform located in the industrial area of Nera Montoro in the municipality of Narni (TR), operates with the authorization of the Umbria Region and integrates two different treatment lines:

• • Groundwater remediation (TAF). Purify manages the treatment of groundwater, in compliance with the regional requirements of the reclamation project of the Nera Montoro site, in the province of Terni, for a total capacity of 438,000 m3/year. The plant has been revamped, involving the chemical-physical and biological plants, a complex system consisting of 48 wells for the extraction of treated water and a monitoring system consisting of 95 piezometers to control the water table of the Nera Montoro industrial site, for a total treatment capacity of 50m3/h.
• Liquid industrial waste treatment (TRL). The TRL section became operational in 2020 and is dedicated to the treatment of liquid waste with a capacity of 58,000 t/year that includes two process lines: (a) biological treatment with activated sludge for the removal of nitrites, nitrates and ammoniacal nitrogen; and (b) chemical-physical treatment by flotation and or evaporation, with two three-stage vacuum evaporators (2,500 litres/hour each) for the purification of water with the highest concentration of pollutants.

• The transaction will be carried out through the acquisition of the shares of the SPVs owning the plants by a leading international investor in the photovoltaic sector.
• The three agricultural companies are owners of agro-voltaic greenhouse plants for a total of about 4.6 MW.
• Disposals will be carried out as part of algoWatt’s Redevelopment Plan
• Closing expected by 30 November 2021

algoWatt, a GreenTech Company listed on the Euronext Milan market of Borsa Italiana, following its announcement on 16 May 2019, today signed a binding preliminary agreement to sell to a leading international PV investor, in partnership with sponsor LCF Alliance, the shares representing the entire share capital of three special purpose vehicles (SPVs), included among the divestments of algoWatt’s Restructuring Plan.

The consideration for the sale of the companies that own the three agrivoltage greenhouses, with a total capacity of approximately 4.6 MW, has been agreed at a total of approximately Euro 3.3 million. The closing of the transaction, which is expected to take place by 30 November 2021, is subject, among other conditions, to obtaining (where necessary) the approval of banks, in the form of a waiver, for the sale of the photovoltaic assets and other technical and financial conditions, typical of this type of transaction.

algoWatt was assisted by Grimaldi Studio Legale, as legal advisor, with a team coordinated by the Partner, lawyer Annalisa Pescatori, the purchaser and LCF Alliance were assisted by the Energy Team of Rödl & Partner, with a team led by the Partner, lawyer Roberto Pera, as legal, tax and financial advisor.

The Board of Directors of algoWatt, GreenTech Solutions Company listed on the MTA market of Borsa Italiana, met today under the chairmanship of Stefano Neri, and appointed appointed Mr Paolo Piccini* as Chief Executive Officer (CEO), granting him executive powers. Paolo Piccini, 60 years old, with a degree in Electronic Engineering at the University of Genoa (Dept. of Informatics Systematic and Telematics), with over 30 years of experience in top management positions, including other executive positions. among others, in Olivetti, Marconi and Finmeccanica, was previously elected as a Board member by the Shareholders’ Meeting of the Company, held on 14 June 2018.

To the Chief Executive Officer are therefore given responsibility for the overall governance of the Company and the Group with powers of ordinary and extraordinary administration, with the attribution of corporate signature and legal representation, by resolution of the Board of Directors.

Following his appointment, the Board of Directors ascertained that the Director Paolo Piccini no longer meets the requirements of independence, as specified in the Code of Conduct of Borsa Italiana, and therefore qualifies as a non-independent executive director; as of today, he does not hold shares in algoWatt S.p.A..

The Chairman of algoWatt, Stefano Neri, on behalf of all the members of the Board of Directors, expressed his deep appreciation for the appointment of Mr. Piccini, stating: “We have completed the complex operation related to the approval of the Recovery Plan and the signing of the Financial Manoeuvre. The almost total debt relief of the Company and the new strategic positioning of algoWatt represent only the last steps of a path of industrial turnaround that has seen us engaged in a complex and challenging work. The preparation of a credible, solid and ambitious three-year plan that will lead us to overcome the financial tension at group level and lay the foundations for a strong re-launch of the business, has allowed us to obtain the consensus of all the parties involved in the re-launch manoeuvre, from investors to bondholders and banks. Today we believe that this phase is over and we are preparing for a new season of growth in the promising greentech solutions segment. We are doing so by entrusting the leadership of the algoWatt Group to a manager who can boast a very high level of experience, including international experience. The collaboration that Mr. Piccini has given in recent years to the company in the role of independent director, makes us confident that we have entrusted the future development of algoWatt in the hands of a manager with great human qualities and expertise necessary to meet the challenges of digital transformation, energy transition and efficient consumption of resources, sectors with high growth prospects in which our business will unfold in the coming years“.

Paolo Piccini expressed his satisfaction at being chosen as the new CEO and key figure in the implementation of the new Recovery Plan, adding that “the company’s decision to position itself in the key sectors of the European Green New Deal, which also represent the pillars underpinning the RRP, will represent a far-sighted and effective strategy. algoWatt will have to begin a new success story, which we will be called upon to accelerate thanks to our skills, the determination we will put into the execution of the Plan and our conviction in its strategic guidelines. We will face the challenges of digital transformation, the electrification of industry and mobility, the diffusion of technologies that reduce the consumption of resources and make processes more efficient, the analysis and use of data, and the interconnection of platforms and systems with enthusiasm and determination. We believe that greentech solutions represent the spillover point of an entrepreneurial vision that will be central to the national economic recovery and also decisive from the point of view of social impact in the fight against climate change and the establishment of a new green economy“. 

The complete curriculum vitae of Paolo Piccini is available on the Company’s website.

*CV SUMMARY OF THE MANAGING DIRECTOR

Paolo Piccini is currently Sole Director of Liguria Digitale, an in-house company of the Liguria Region for the development of digital strategy, a position he is relinquishing due to new professional commitments at algoWatt. He is President of the Digital Innovation Hub Liguria, as well as Director of the highly specialized Competence Center Start 4.0.

Paolo Piccini has a degree in Electronic Engineering from the University of Genoa and has 30 years of experience in the ICT, defence and security fields, gained in three major industrial groups: Olivetti, Marconi and Finmeccanica. In these companies he held top positions such as COO, General Manager and Managing Director, with full responsibility at income statement level.

Over the years, he has also gained an international profile by gaining significant business experience in the UK, USA, Russia, Turkey and the Middle East.

He has a deep knowledge of the public sector, in the fields of homeland security, critical infrastructure protection, logistics, defense, transportation, air traffic control, ICT, cyber security and smart cities.