Paderborn, 10 July 2023 – The energy storage provider INTILION Aktiengesellschaft (“INTILION” or the “Company”) has decided together with its sole shareholder HOPPECKE Rail Systems GmbH (a subsidiary of Accumulatorenwerke Hoppecke Carl Zoellner & Sohn GmbH) not to pursue the planned IPO at the present time. INTILION has received very positive feedback from investors on its positioning, growth strategy and management. However, INTILION and HOPPECKE have come to the view that an appropriate valuation of the Company cannot be achieved in the current capital markets environment. Depending on the capital market environment, preparations for the IPO of the Company will be resumed at a later date. In the meantime, INTILION and HOPPECKE intend to continue the dynamic growth of the Company.
About INTILION Aktiengesellschaft
TILION Aktiengesellschaft (“INTILION”) is a provider of innovative, modular and scalable energy storage solutions (ESS). The product and service portfolio is particularly suitable for use in system-relevant and critical infrastructures such as commercial, industrial and power grids. The storage capacities of the company’s intelligent lithium-ion-based ESS products range from 70 kWh to 100 MWh. With its range of solutions and services, INTILION is a forerunner on the way to a decarbonised, flexible and digital energy sector, enabling the transition towards climate-neutral, renewable and clean energy use. INTILION’s customers include local, regional and international utilities and energy distributors, as well as system distributors and engineering, pro-curement and construction (EPC) contractors within Europe. INTILION is headquartered in Paderborn, Germany, and belongs to the family-owned HOPPECKE Group, with a heritage of more than 95 years of expertise and engineering excellence in batteries.
Contact
Mario Groß
E-Mail: intilion@kirchhoff.de
Phone: +49 40 60 91 86 83
IMPORTANT NOTICE
This announcement does not constitute an offer or invitation to purchase or subscribe for securities in the United States of America (including its territories and possessions, all states of the United States of America and the District of Columbia, the “United States”), Australia, Canada, Japan or any other jurisdiction in which an offer is not permitted by law.
This announcement is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). If an offering of securities were to be made to the public in the United States, it would be made by means of a securities prospectus that investors in INTILION Aktiengesellschaft (“Company”) could obtain. This prospectus would contain detailed information about the Company and its management, as well as financial information. There will be no public offering of the securities referred to in this announcement in the United States.
Subject to certain exceptions, the securities referred to in this announcement may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, residents of Australia, Canada or Japan.
Certain statements contained in this announcement may constitute “forward-looking statements” that involve a number of risks and uncertainties. Forward-looking statements are generally identified by the use of the words “may”, “will”, “should”, “plan”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “project”, “seek” or “goal” or the negative of these words or other variations of these words or comparable terminology. Forward-looking statements are based on assumptions, forecasts, estimates, projec-tions, opinions or plans that are inherently subject to significant risks, uncertainties and contingencies that are subject to change. The Company does not and will not give any assurance that any forward-looking statement will be achieved or prove to be accurate. Actual future results of operations, financial condition and prospects may differ materially from those projected or forecasted in the forward-looking statements.
Subject to applicable legal requirements, the Company nor any of its respective affiliates intends to update, review, revise or revise any forward-looking statements in this release to reflect actual events or developments, whether as a result of new infor-mation becoming available, new developments occurring in the future or otherwise, nor does it undertake any such obligation.