Enersize Oyj receives additional order from Stora Enso through Momentum
This is a translation in English of previously released news. Enersize Oyj ("Enersize") hereby announces that the company has received another order through Momentum Industrial AB ("Momentum") regarding Stora Enso's factory in Skutskär. The order includes leak detection using Enersize’s cloud service LEAQS and the order can be extended to include repair of identified leaks. Momentum is the sales partner of Enersize in the Swedish market. The order value initially amounts to approximately 100 KSEK and can then be increased with repair work, which would mean an additional order value of approximately 150 KSEK.
Momentum is a distributor of Enersize's cloud service LEAQS in the Swedish market and a nationwide player for industrial supplies for the Swedish manufacturing industry. Momentum also offers maintenance and repair services to the industry. In spring 2019, Momentum received training from Enersize in order to be able to independently conduct sales of LEAQS, which in a short time led to two signed agreements.
Through the acquisition of LEAQS, Enersize has also established itself in Europe and gained access to a vast customer and distribution network. With LEAQS for leakage minimization and Enersizes Q+ for monitoring and optimization of compressed air systems, Enersize now has a broad customer offering that can be sold by independent distributors and parties within industrial maintenance. Momentum is a clear example of this type of independent actors who already have a well-established relationship with large industrial customers and thus quickly can scale up sales of Enersize's products.
The leakage search at Stora Enso's plant in Skutskär is expected to start in May 2019.
”It feels extremely exciting that we in such a short time through Momentum have received an additional order from Stora Enso. Momentum has a strong drive, an extensive pipeline and has shown that they can sell our products independently. This shows both that LEAQS is a popular product that creates ongoing business for Enersize and that our new business structure with major companies in industrial supplies and industrial maintenance that sells our products independently works really well. Our goal now is to continue to scale up by linking many similar partners to us for the resale of both LEAQS and Enersize Q+”, comments Anders Sjögren, CEO of Enersize.
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For more information about Enersize, please contact:
Anders Sjögren, CEO
Brief information about Enersize
With its proprietary patent-pending automated software for leakage management, data collection and analysis, Enersize can provide 10-50% energy savings in industrial compressed air systems. Through the recently acquired LEAQS system, the company has access to more than 9000 leakage management projects, and the associated more than 4000 customers worldwide. The combination of the company’s software services can increase the customer’s savings in running projects, while generating direct license and project revenue. 90% of the manufacturing industry uses compressed air, which constitutes about 5% of the world's total electricity consumption. Among Enersize's existing customers are one of the world's largest manufacturers of flat screens and well-known car manufacturers and steel mills. The company is headquartered in Helsinki, have a sales office in Gothenburg and a development office in Lund. The company is listed on Nasdaq Stockholm First North under the ticker: ENERS. www.enersize.com