1414 Degrees Ltd. ( (AU:14D) ) has shared an announcement.
1414 Degrees Ltd announced the issuance of 2,777,778 fully paid ordinary shares without disclosure to investors under the Corporations Act. The company is negotiating an agreement for the installation and sale of a SiBox® thermal energy storage system to an industrial customer, though the negotiations are currently non-binding and incomplete. This move could enhance 1414 Degrees’ market positioning by expanding its industrial customer base and showcasing its innovative energy solutions.
More about 1414 Degrees Ltd.
1414 Degrees Ltd is a leader in industrial decarbonisation, offering silicon-based solutions that align energy supply with demand to promote renewable energy adoption. The company’s key technologies include SiBrick® for thermal energy storage, SiBox® for sustainable industrial processes, and SiPHyR™ for low-emission hydrogen production. The company has demonstrated its capabilities through successful pilot projects and owns the Aurora Energy Project, a renewable energy initiative in South Australia.
YTD Price Performance: -23.33%
Average Trading Volume: 246,518
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$6.56M
For an in-depth examination of 14D stock, go to TipRanks’ Stock Analysis page.