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Azelio announces outcome in the company's fully guaranteed rights issue

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.Today, Azelio AB (publ) ("Azelio" or the "Company") announces the outcome of the Company's fully guaranteed rights issue (the "Rights Issue"), which concludes that 16,422,979 units, corresponding to approximately 56.7 per cent of the offered units, have been subscribed for with

Azelio publishes supplement to prospectus for the rights issue

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. Today, 11 October 2022, Azelio AB (publ) (“Azelio” or the “Company”) has published a supplement to the prospectus for the rights issue which was published on 28 September 2022. The supplement to the prospectus has been prepared by reason of Azelio on 10 October 2022, through a

Update about the project with Engazaat in Egypt

Azelio announced on August 19, 2021, a conditional order for 20 energy storage units from Engazaat Development S.A.E (Engazaat) in Egypt. Important steps now have been taken towards the fulfilment of the conditions tied to the order.   The intention is to establish a joint project company to finance and carry out the installation and operation of the project. A techno-economic feasibility study for the specific project has been performed with satisfactory results.   Today Engazaat signed a financing agreement securing the financing for their part of the project. Azelio is

Azelio publishes supplement to prospectus for the rights issue

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.Today, 29 September 2022, Azelio AB (publ) (“Azelio” or the “Company”) has published a supplement to the prospectus for the rights issue which was published on 28 September 2022. The supplement to the prospectus has been prepared due to the Company noting a typo in the Swedish

Azelio has published the prospectus for the rights issue

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.On 23 September 2022, Azelio AB (publ) ("Azelio" or the “Company”) announced that the board of directors, based on the authorisation from the annual general meeting on 12 May 2022, had resolved on a fully guaranteed rights issue of units, consisting of new shares and warrants, of

The system at Industrisupport i Åmål AB has been commissioned

The first commercial project in Sweden with Azelio's energy storage solution has been commissioned at Industrisupport i Åmål AB, Sweden. The order was announced on March 29, 2021 and includes two TES.POD units that are charged from solar panels, and move excess energy to match the demand and create renewable baseload power. The system will also provide Industrisupport i Åmål AB with heat that also reduces dependence on the district heating network. "It is very good for Azelio that our first commercial project in Sweden has now been commissioned. Sweden is not one of our initial target

The board of directors in Azelio has resolved on a fully guaranteed rights issue of approximately SEK 300 million and publishes terms

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.The board of directors of Azelio AB (publ) (“Azelio” or the “Company”) has today, based on the authorisation from the annual general meeting on 12 May 2022, resolved on a fully guaranteed rights issue of units, consisting of new shares and warrants, of approximately SEK 300 million (

The board of directors in Azelio intends to resolve on a fully guaranteed rights issue of approximately SEK 300 million

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. Press release 15 September 2022 The board of directors of Azelio AB (publ) (“Azelio” or the “Company”) today announces its intention to resolve on a fully guaranteed rights issue of units, consisting of new shares and warrants, of approximately SEK 300 million (the “Rights

Azelio and Elum Energy Join Forces to Tackle the Energy Storage Market

Azelio and Elum Energy have partnered to deploy a solution to maximize the penetration of renewables and develop efficient control solutions for installations combining solar PV and long-duration energy storage. Bringing together both companies’ advanced technologies, the solution sees Elum’s monitoring and control working with Azelio’s thermal energy storage system.   Elum Energy is a leading monitoring and control solutions provider for solar plants. Its ePowerControl MC is a controller used for microgrid applications with an energy storage system. It maximizes PV penetration and

Invitation to Azelio's Capital Markets Day 22 September 2022

Azelio is pleased to invite you to a digital Capital Markets Day on Thursday 22 September at 13:00-16:00.   During the Capital Markets Day, presentations will include the status of Azelio's product for energy storage, the TES.POD, Azelio's view of the market, needs, applications and market conditions, strategies and plans going forward.Presentations are held by, among others, Jonas Wallmander, CEO, and parts of the company management. The Capital Markets Day will be held entirely digitally and live-streamed.   More detailed information about the Capital Markets Day and how to

Azelio commissions system in Haneberg

Azelio has taken an energy storage system into operation at Haneberg Farm in Sweden. The system is powered by solar panels and utilizes both electricity and heat generated by the system to dry grain.   "This is an important milestone for Azelio since it is the first time a project also uses the heat generated by Azelio's energy storage system. We see many applications for the heat, both in the agricultural sector and in other areas. Haneberg will serve as springboard for continued development of this part of the system," says CEO Jonas Wallmander.   The system is part of a

Azelio Interim Report Jan-June 2022

Group financial development Q2: April – June 2022 •        Net sales amounted to kSEK 226 (629) •        Operating profit/loss amounted to kSEK -136,586 (-99,938) after depreciation and amortisation of kSEK -42,578 (-33,419) •        Earnings per share before and after dilution totalled SEK -1.19 (-0.87) •        Profit/loss for the period amounted to kSEK -137,499 (-100,289) •        Cash flow for the period amounted to kSEK -140,768  (-117,010) First half: Jan – June 2022 •        Net sales amounted to kSEK 549 (726) •        Operating profit/loss amounted to

Negotiations between Azelio and the trade unions are completed

On June 9, Azelio announced that the company had decided to transform the organization and in connection with this,  gave notice to the Swedish Public Employment Service regarding 100 employees. Negotiations with the trade unions on the notice have now been completed with the result that the  number of employees is reduced by 55 persons through a combination of layoffs and people who leave at their own request without being replaced.   In addition to the number of employees being reduced by 55 persons, major reductions are also being made in the number of consultants.  Since the

Azelio receives first order for its long-duration energy storage system in the United States

Azelio AB, a Swedish cleantech company, has received its first U.S. order for its long-duration energy storage, the TES.POD, from Handi Stop Market in Fresno, California. Handi Stop will combine two TES.POD units with solar power to meet half of the energy demand at one of its locations.   The combined system including solar power, will provide 140 MWhe of clean power annually, representing half of the Handi Stop Market’s total energy demand and a starting point for resiliency purposes providing stable power supply during power outages.   In addition to delivering electricity,

Azelio has appointed heads for all target markets

Azelio has appointed Hans Svanbom as Regional Director United States. Hans, who joined Azelio in 2021, has a long background in IT and telecoms. With this appointment, Azelio has nominated Regional Directors for all of its target markets. Azelio recently decided to initially focus its sales and marketing to four target markets, selected on the basis that the company there can offer customers particularly strong business cases. These markets are the United States, Australia, the MENA region (Middle East and Africa) and southern Africa. “Local presence in combination with decentralized

Azelio transforms to improve efficiency and reduce costs by SEK 150 million

To achieve a more efficient and agile organization, Azelio has decided to transform its organization and give notice to the Swedish Public Employment Service regarding 100 employees. The transformation is estimated to reduce costs by approx. SEK 150 million on an annualized basis. Since Jonas Wallmander assumed the CEO position on March 30, 2022, the board and management have carried out a thorough strategic review of the company and its operations. The review has been carried out in light of the current market situation and the demands the market puts on new innovative products, such as

Fredrik Wäppling leaves as CFO of Azelio

Fredrik Wäppling, who has been Azelio's CFO since 2020, is leaving the company. Eva Ramström takes over as acting CFO. Azelio and Fredrik Wäppling have agreed that Fredrik's position as the company's CFO will end. As of today, Eva Ramström takes over as acting CFO. Until today, Eva has been Azelio's Finance manager and thus knows the company and the business very well. She has the understanding of the company's goals, plans, and challenges, as well as the right skills and experience, which guarantees a rapid start, maintained continuity, and efficiency in the work. “I want to thank

Press release from annual general meeting in Azelio AB (publ) on 12 May 2022

At the annual general meeting in Azelio AB (publ) the shareholders resolved upon the following:   Approval of the financial statements of 2021 and discharge from liability The annual general meeting approved the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet for the financial year 2021, and the members of the board and the managing director was discharged from liability for the financial year 2021.   Allocation of profit or loss  The annual general meeting resolved, in accordance with the board’s proposal,

Azelio interim report Q1 2022

Significant events Q1: January – March 2022 · The Board of Directors appointed Executive Vice President Jonas Wallmander as the new CEO, to succeed Jonas Eklind. Jonas Wallmander has worked at Azelio since 2011. · A project to certify the TES.POD in the US was initiated in conjunction with MMR Group, in Louisiana. The certification will ensure that the product is compliant with U.S. standards. The storage units will be adapted to the U.S. standards before installation in early fall. · Together with Khalifa University and Masdar, Azelio inaugurated the two commercial TES.POD®

Azelio presents new operational targets

Azelio has set new operational targets to better reflect the current and future operations and the ongoing commercialization of the TESPOD. The new targets replace the previous production capacity targets. As a foundation for the its operational targets, Azelio has set four important strategic initiatives: · Focus sales efforts on a fewer number of targeted and sizeable markets, while also emphasising the importance of its heat offer. · Prioritize data validation from systems operating under actual field conditions. · Gain certification for the US market. · Implement a cost

Azelio publishes Annual Report 2021

Azelio AB hereby publishes the annual report for the financial year 2021. The annual report is attached to this press release and is available on the company's website:  https://www.azelio.com/2021-annual-report/     For further information, contact Email: ir@azelio.com    About Azelio Azelio specialises in energy storage with electricity and heat production. The technology is revolutionary in that the energy becomes dispatchable, making renewable energy available around-the-clock. The energy is stored in recycled aluminium and converted into electricity and heat with a

Notice to annual general meeting in Azelio AB (publ)

The shareholders in Azelio AB (publ), reg.no. 556714-7607, with its registered office in Gothenburg, are hereby summoned to an annual general meeting to be held on 12 May 2022.   On the basis of temporary statutory rules, the board of directors has decided that the annual general meeting will be conducted by advance voting only, without physical presence of shareholders, proxies and third parties. Azelio welcomes all shareholders to exercise their voting rights at this annual general meeting through advance voting, according to the procedure set out below. Information on the

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