As part of a corporate restructuring process, the former nanoFlowcell AG based in Lichtenstein has been given the addendum IP (Intellectual Property) and moved as nanoFlowcell IP AG to Stans in Switzerland, where all of the company's patent, trade mark and property rights are now grouped. In parallel, a new administrative holding company, nanoFlowcell Holdings Ltd., has been founded in London/GB. This will be responsible for all business transactions going forward.
The restructuring has established a solid and clearly ordered basis for the company’s future development, aimed at strengthening the position of the firm within a challenging competitive environment. The choice of London was an obvious one for the company’s future orientation. Following intensive and successful discussions with investors conducted over recent months, nanoFlowcell Holdings Ltd is considering stock market flotation (IPO) as a possible option for further corporate development.
The consideration of a stock market flotation is explained as follows by Nunzio La Vecchia, Member of the Administrative Board and Chief Technology Officer of nanoFlowcell Holdings Ltd: “We stand at the beginning of a technological revolution. We have been extremely successful in proving the feasibility of nanoFlowcell technology as THE most forward-looking energy-storage solution for electric drives. With a stock market listing, we would raise awareness for nanoFlowcell technology and offer our employees, business partners and interested investors a fascinating opportunity to share in the success of one of the most promising and versatile technologies of our time. The flotation is less about accessing new financial resources – which are not strictly necessary for our continued growth – and far more about securing our corporate independence in respect of how we research, develop and market nanoFlowcell technology.â€
The company will communicate further details on a possible stock market flotation over the course of the year.
On the current development status of nanoFlowcell technology and its imminent marketing, La Vecchia adds: “nanoFlowcell technology is market ready and we intend to bring this truly unique energy-storage solution to market shortly as a licensing product. We anticipate an enormous market, because forecasts predict that 2.7 billion cars will be on our roads worldwide by 2050 – more than double the present number. If all of these vehicles were to run on nanoFlowcell technology by then, it would reduce annual CO2 emissions by around eight billion tons and costs per vehicle by up to 40 percent. And this only covers the automotive industry. Our flow-cell based nanoFlowcell technology can be used anywhere electric drives and electric systems consume energy – in aircrafts, ships, and railways as well as an energy source for stationary applications such as emergency energy systems for critical applications. nanoFlowcell is 100 percent environmentally compatible and sustainable. I am certain our technology will change the world.â€
nanoFlowcell® is the product brand used by nanoFlowcell Holdings Ltd for its proprietary flow-cell based energy-storage technology. Similar to a combination of battery and fuel cell, all that nanoFlowcell requires for energy storage and conversion is a non-toxic, non-flammable and environmentally friendly electrolyte liquid called bi-ION developed by nanoFlowcell Research SA. The manufacturing costs for the bi-ION electrolyte liquid on an industrial scale are estimated at considerably less than ten cents per liter. The distribution and sale of the electrolyte liquid does not present a problem, as it is not subject to any onerous environmental obligations and could be handled via existing refueling infrastructures.
