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ENTRADE Energiesysteme AG receives
major order from Nigeria

Establishment of a state-wide energy and waste management system in the federal state of Imo – cooperation contract for up to 2500 locations

 

Dahlem-Schmidtheim/Düsseldorf. – ENTRADE Energiesysteme AG has received a major order for the establishment of a state-wide energy and waste management system from the government of Imo State in Nigeria. An agreement on the subject has been concluded with Owelle Rochas Okorocha, the Governor of Imo.

 

Under the agreement ENTRADE will initially set up 200 energy and recycling stations in the state capital  Owerri. This part of the planned project is to be completed by the end of 2015, followed by the optional construction of up to 2,300 further regional supply centres throughout the entire state, which lies in the South of Nigeria. ENTRADE will operate these centres itself, both processing waste and then selling the electricity which is generated.

 

The aim is to build up a comprehensive power-supply network, based on the micro biomass generators developed by ENTRADE with an individual electrical output of 20 kW. These are to be fuelled mainly with bamboo pellets. “This fast-growing raw material could for the most part solve our current power-supply problems”, comments Prof. Okee Okoro from the state’s Ministry of Energy and the Environment, adding: “This pioneering project is therefore highly significant not only for our federal state but for the entire country of Nigeria.”

 

 

 

 

Decentral power supplies for Africa's most populous nation

 

Because of its underdeveloped infrastructure and a power grid which is plagued by overloads and breakdowns Nigeria, with a population of 160,000,000 the most populous country in Africa, is highly dependent on diesel generators. However, in spite of its extensive oil resources the country has so far not been able to keep pace with its growing energy consumption.

 

 ENTRADE has specialised since 2009 in the processing of solid biomass to provide a fuel source for decentralised power generation. The company's integrated energy and waste management system is being developed in cooperation with the Fraunhofer Institute for Environmental, Safety and Energy Technology UMSICHT, and is individually adapted to the requirements of the specific location. The technology involved, which is to be applied for the first time in Nigeria, enables the decentralised supply of power on the basis of renewable energy sources, and will help to improve the lives of people locally and strengthen the local economy.

 

From September 2014 ENTRADE Energiesysteme AG will be listed on the NASDAQ OMX. The securities identification number is ENTR86.

 

 

Please note: this information is intended for investors who are in a position to assess and assume possible increased risks in connection with investment in the shares of this company. The information provided here does not repre-sent an offer of sale or an invitation to submit an offer for purchasing or subscribing to shares in the company.

 

ENTRADE announces Listing on NASDAQ OMX
in September 2014

Listing on the NASDAQ OMX aims at international investors

 

Dahlem-Schmidtheim/Düsseldorf. – ENTRADE Energiesysteme AG prepares to be listed on the NASDAQ OMX from late summer 2014. The company has a total of 6,075,000 ordinary shares, which will be included for trading on the market. The corresponding securities prospectus was approved in October 2013 by the Federal Finance Supervisory Office (BaFin).

For the first day of trading the company is aiming at an issue price of between 10 and 12 euros per share. ENTRADE will then be the first German company quoted on the NASDAQ OMX Europe.

 

„We decided in favour of listing on the NASDAQ OMX“, explains Julien Uhlig, CEO of ENTRADE Energiesysteme AG, because the international orientation of the stock market location is of special importance to us. Although our products are mainly developed and produced in Germany and Europe, the market for them covers the entire world. That is why we have selected this method of approaching investors at the international level, with the long-term aim of seeing our shares traded on the NASDAQ index in New York.“

 

 

Corporate group positions itself with German and international participations

 

Worldwide ENTRADE develops, builds, operates and distributes innovative power powersystems for the generation of electricity, heating and cooling from biomass and waste materials. Its products range from turnkey compact installations to complex industrial concepts. Founded in 2009, the company currently employs a workforce of around 60 and is one of the fastest-growing enterprises within the energy industry in Germany.

 

The group of companies includes agnion energy Inc., Austria‘s Highterm Research GmbH and, with a 49% minority shareholding, Italy‘s GruenEnergy S.r.l. ENTRADE is represented in Belgrade, Graz, Bolzano, Palo Alto and Honolulu in addition to the German locations of Dahlem-Schmidtheim, Düsseldorf and Pfaffenhofen.

 

The NASDAQ OMX Nordic index, which lists around 750 shares on seven Scandinavian and Baltic stock exchanges, is the European branch of the US NASDAQ technology exchange, which is based in New York. One special advantage which it offers is the possibility of expanding the listing to the American market.

 

 

The securities identification number of ENTRADE is ENTR86.

 

 

Please note:

this information is intended for investors who are in a position to assess and assume possible increased risks in connection with investment in the shares of this company. The information provided here does not represent an offer of sale or an invitation to submit an offer for purchasing or subscribing to shares in the company.

 

Entrade AG extends develoPPP project in cooperation with Serbian partners

Wood-fired power for Serbia: information event in Kraljevo on 14 November – widespread interest on the part of Serbian politicians

 

Düsseldorf/Kraljevo. – At an information event held at the Mechanical Engineering Faculty in Kraljevo on 14 November 2013 ENTRADE Energiesysteme AG and Spanner Re2 GmbH defined, in cooperation with Serbian scientists and representatives of the worlds of business and politics, the contents and schedule for the future stages of the "Wood-fired power for Serbia" project. The entire process chain from the supply of the wood via plant operation to the consumption of the energy was presented.

 

The aim of the project is to train specialists in cooperation with the University of Kragujevac in Serbia, who will in future plan, set up and operate wood energy plants in accordance with the location. At the beginning of 2014 Spanner Re2  will be installing a pilot plant as a demonstration and training facility at the Mechanical Engineering Faculty. In addition, practice-based training documentation is to be developed to enable fast and efficient training of students.

 

"We are delighted at the widespread interest in the project. Numerous representatives of the city of Kraljevo, the regional energy supplier and the Forestry Faculty took part in the event", states Entrade CEO Julien Uhlig. "Because we display the entire process chain from the very beginning and integrate important decision-makers from the fields of politics and the energy industry, we have found that progress on the project is fast. We also expect a high level of sales potential because by the year 2020 as much as 27 per cent of energy in Serbia is to be generated from renewable energy."

 

ENTRADE Energiesysteme AG and Spanner Re² GmbH won the 'developpp.de' ideas competition, which is held regularly by the "Federal Ministry for Economic Cooperation and Development (BMZ)" in cooperation with the "German Society for International Cooperation (GIZ) GmbH". Since 01 September 2013 GIZ has been supporting the project for the "Transfer of wood gasification technology and establishing the relevant know-how at the University of Kragujevac". The project is planned for a period of three years and involves overall investment of approx. 460,000 EUR.

 

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