News from 1414 Degrees

News from 1414 Degrees

30 April 2018

1414 Degrees float heats up national energy market


After almost a decade – and $15 million – spent developing its silicon storage technology, energy innovator, 1414 Degrees, is going public.

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14 April 2018

Energy innovator gets ducks in a row ahead of IPO


With its Initial Public Offering (IPO) in the final stages of preparation, South Australian based energy innovator, 1414 Degrees, has inked a deal for the first interstate installation of its products.

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12 April 2018

1414 Degrees to surge ahead through Initial Public Offering


With demand for its products coming from across the world and investors champing at the bit to buy their way into the renewables market, it was hardly surprising when energy innovator, 1414 Degrees, announced it would issue an Initial Public Offering (IPO) in early 2018.  

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20 February 2018

1414 Degrees expands into 2018


It has been a strong start to 2018 for 1414 Degrees as we progress product development, corporate consolidation, and preparation for ASX listing.

Ten people have been employed in January, including Head of Legal, Human Resources Manager and a Project Manager.

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31 January 2018

Quarterly Update: January 2018


CHAIRMAN’S REVIEW

The fourth quarter of 2017 saw a significant consolidation of 1414 Degrees’ portfolio, increasing our readiness for an IPO.

This includes a collaboration with SA Water, on a more than $4 million investment, including a $1.6 million grant from the South Australian Government, to develop a variation of our technology to burn the waste methane from the Glenelg Wastewater Treatment Plant.

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13 January 2018

ASX in-principle approval


Following a detailed submission to the Australian Securities Exchange (ASX), 1414 Degrees has received approval in-principle to proceed with submitting an ASX Listing application. Accordingly, we are drafting a prospectus and aim to submit it to ASIC in March 2018. The ASX code ‘14D’ has been reserved with ASX.

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5 December 2017

1414 Degrees receives $1.6 million Renewable Technology Fund Grant


We are delighted to be among the first recipients of funding provided through the South Australian Government’s Renewable Technology Fund. We applaud the commitment by our state to delivering world leading energy storage solutions to consumers, and look forward to commencing work immediately. 

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26 October 2017

Quarterly Update: October 2017


There has been an extraordinary amount of activity over the last quarter and below we highlight key developments and Executive Chairman Dr Kevin Moriarty provides his review.

HIGHLIGHTS

KEY DEVELOPMENTS

  • $8.4m in IPO funds promised by cornerstone investors following $2.5m seed raise
  • IPO in preparation for early 2018
  • 3000 square metre R&D facility leased for build of 10MWh TESS-IND and test cell of TESS-GRID

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9 October 2017

Delivering technology that meets the needs of South Australia  


“Storage is the answer and the key to all our problems”. This comes from Minister Koutsantonis at his announcement of over 60 applications to the Renewable Technology Fund. We were pleased to join him today at the press conference for this announcement, where we announced our own three proposals for the Fund.

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25 September 2017

September Update


1414 Degrees has recently undertaken a private capital raising targeted at cornerstone investors, securing $2.5 million at 15c per share in pre-Initial Public Offering (pre-IPO) funding from across the globe.

Many of these investors have also reserved an allocation of shares in our upcoming IPO.

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