EPS: Board of Directors approves results at 30 September 2016. Continuing revenues growth and 33 MW of microgrids under commissioning
- Revenues for the first 9 months of 2016 are at €4 million, and orders backlog increases to €5.8 million
- Solid growth of projects in the pipeline, and average size of potential opportunities increases to €5 million
- New long term credit line from Banca Sella, bringing 2016 financing raised to €10 million
- 4 MW microgrid in the Maldives commissioned, 33 MW of microgrids under commissioning in H1 2017
Paris, 14 November 2016 – The Board of Directors of Electro Power Systems S.A. (“EPS” or the “Group”; EPS:PA), a technology pioneer in clean-energy storage solutions chaired by Massimo Prelz Oltramonti, has examined and approved financial results (not certified) as of 30 September 2016 and updated its guidance for 2016 revenues.
CEO Carlalberto Guglielminotti says, “The first nine months of the year confirmed the market’s expected growth and enabled us to increase guidance on 2016 revenues announced in September. We continue to work to convert projects in the pipeline into orders backlog, with the aim of strengthening our partnership with the main international players and developing an effective commercial network”.