News from 1414 Degrees

News from 1414 Degrees

13 September 2018

Global interest increases


1414 Degrees Limited (ASX:14D) is pleased to announce that attending a recent conference in the United States has led to increased interest from global markets.

Our origins are in Australia a decade ago and our technology has long term, global relevance as renewable energy expands. Several weeks ago, at the suggestion of a North American utility, 1414 Degrees was invited to the Electrification 2018 Conference that attracted representatives from 90 per cent of the power utilities in the US.

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12 September 2018

1414 Degrees lists on the ASX


1414 Degrees Ltd (ASX:14D) is today listing on the Australian Securities Exchange (ASX) after raising $27 million and gaining more than 2,100 shareholders since it became a public company less than 21 months ago. The latest raising of $16.3 million was at 35 cents.

 “The Company originated in Australia a decade ago, and our technology has long term, worldwide relevance as the adoption of renewable energy increases,” said Executive Chairman, Dr Kevin Moriarty. 

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11 September 2018

10MWh Progress Update: September 2018


The first stages of commissioning of the TESS-IND have progressed very well, including successful runs for several hours. Commissioning is a multi-stage process from verifying individual components to operability of the control systems to optimising power generation.

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10 September 2018

ASX Listing, September 12


1414 Degrees (ASX:14D) will commence trading on the Australian Securities Exchange (ASX) at 11am (AEST) on September 12, 2018.

Options (ASX:14DO) will commence trading on the same date and time.

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4 September 2018

ASX listing update: only 4 to go


Following the successful raising of $16.3 million as part of its IPO, 1414 Degrees is now in the process of formally listing the Company on the Australian Securities Exchange.

In anticipation of some seed shareholders not being available to sign Restriction Agreements at the time of listing, we sought and received Power of Attorney’s from escrowed shareholders.

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27 August 2018

Progress update: TESS powers turbine


The first stage of the commissioning of the TESS has been a resounding success.

Our engineers successfully ran the turbine, generating electricity for the first time using hot air from the TESS, a significant milestone. We managed to achieve approximately 30% of the turbine capacity, despite being very early in the commissioning and the TESS only operating at approximately 800 degrees Celsius. This was above our expectation at this low temperature.

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7 August 2018

Progress Update: August 2018


Great progress has been made recently, with the electrical installation of the TESS-IND now complete. As the commissioning process continues, we have been applying energy to the heat store, to achieve the anticipated target temperature of 1100 degrees C° by next weeks end. It is currently sitting at just below 800 degrees C°.

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23 July 2018

Quarterly Update: July 2018


CHAIRMAN’S REVIEW

It has been a very busy quarter for 1414 Degrees with the launch of the IPO, broker roadshows and investor presentations across Eastern Australia, and significant engineering advances. All components required to complete and commission the 10MWh TESS-IND arrived at our Lonsdale factory and the insulating refractory lining was installed by expert contractors. The heat store has also been assembled and heated for the first time.

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13 July 2018

14D IPO reduced minimum, with Bonus Loyalty Options


1414 Degrees IPO
The IPO for 1414 Degrees has been well supported. To date we have received over 1,600 applications for over $15 million, but we are yet to reach the required minimum subscription to close the offer. However, the applications to date, including yours, will be sufficient for the Company to achieve its main commercialisation objectives. This level of support in the IPO, for our early stage technology, is testament to the growth proposition of our Company.

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12 July 2018

Update from Isaac, Head of Engineering


Isaac, our Head of Engineering, gives his update on our constant progression with news on prototype modifications and the SA Water project.

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