Quarterly Update: 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 research and development facility in Southlink Industrial Park and the insulating refractory lining was installed by expert contractors. The heat store has also been assembled and heated for the first time.

(more…)

Quarterly Update: July 2018

14D IPO reduced minimum, with Bonus Loyalty Options

[vc_row][vc_column][vc_single_image image=”8820″ img_size=”full”][vc_column_text]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.

(more…)

Quarterly Update: July 2018

Key questions answered

[vc_row][vc_column][vc_column_text]Following a wide range of questions at the information sessions and received via email, we have collated the recurring key questions and filmed an interview hosted by South Australian Journalist Andrew Spence with Kevin Moriarty, Executive Chairman and Matthew Johnson, Chief Technology Officer.

(more…)

SA Water update

SA Water update

[vc_row][vc_column][vc_column_text]1414 Degrees last week signed off on some key safety requirements in preparation of the installation and commissioning of the GAS-TESS on the SA Water Glenelg site.

(more…)

Quarterly Update: July 2018

Offer Period Extended

1414 Degrees have issued a Supplementary Prospectus to extend the Offer Period to Friday 13 July 2018. This will allow the Company to capitalise on the market opportunities available to us at a domestic and international level and to undertake additional roadshows to investors in Australia and overseas.

If you have not already, please download a copy of the Prospectus and the Supplementary Prospectus here. If you wish to apply for Shares, you can do so by completing the online application form.

(more…)