NHOA: Trading Update
October 04 2021 - 1:49AM
Business Wire
Regulatory News:
NHOA (Paris:NHOA) (NHOA:PA, formerly Engie EPS) is pleased
to announce that it has been awarded a new project of 200MWh
battery storage in Australia and that the Engineering, Procurement
and Construction (EPC) contract between NHOA and the counterparty
has been signed on 1 October 2021.
The construction phase of the newly awarded project is scheduled
to start immediately and be completed by the end of 2022 with a
peak manning capacity of 100 men and women.
As a result of this latest development and the other contracts
signed in Q3 2021, as of the date hereof:
- Backlog increased to €121 million, up 170%;
and
- Backlog and Contracts Secured thus now totalize €225
million, increasing by 51%,
- this corresponds to 924MWh of stationary storage
projects under development in US, Europe, Africa and Asia
Pacific, representing an increase of 28%,
compared to the Backlog and Contracts Secured indicated in the
press release “NHOA First Half 2021 Preliminary Results” published
on 15 September 2021 and in the Half-Year Financial Report 2021
published on 30 September 2021.
By 31 October 2021 the “Q3 Trading and Operational Update” with
the performance indicators announced with the Masterplan10x and
Strategic Ambitions on 23 July 2021 will be published.
Details on the newly awarded project will be disclosed in due
time with a dedicated press release and investor call.
NHOA
NHOA (formerly Engie EPS) develops technologies enabling the
global transition towards clean energy and sustainable mobility,
shaping the future of a next generation living in harmony with our
planet.
Listed on Euronext Paris regulated market (NHOA:PA), NHOA forms
part of the CAC® Mid & Small and CAC® All-Tradable financial
indices. Its registered office is in Paris, with research,
development and production located in Italy.
For further information, go to www.nhoa.energy
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Forward looking statement
This release may contain forward-looking statements. These
statements are not undertakings as to the future performance of
NHOA. Although NHOA considers that such statements are based on
reasonable expectations and assumptions at the date of publication
of this release, they are by their nature subject to risks and
uncertainties which could cause actual performance to differ from
those indicated or implied in such statements. These risks and
uncertainties include without limitation those explained or
identified in the public documents filed by NHOA with the French
Financial Markets Authority (AMF), including those listed in the
“Risk Factors” section of the NHOA Universal Registration Document
filed with the AMF on 7 April 2021 (under number D.21-0273).
Investors and NHOA shareholders should note that if some or all of
these risks are realized they may have a significant unfavorable
impact on NHOA.
These forward looking statements can be identified by the use of
forward looking terminology, including the verbs or terms
“anticipates”, “believes”, “estimates”, “expects”, “intends”,
“may”, “plans”, “build- up”, “under discussion” or “potential
customer”, “should” or “will”, “projects”, “backlog” or “pipeline”
or, in each case, their negative or other variations or comparable
terminology, or by discussions of strategy, plans, objectives,
goals, future events or intentions. These forward-looking
statements include all matters that are not historical facts and
that are to different degrees, uncertain, such as statements about
the impacts of the Covid-19 pandemic on NHOA’s business operations,
financial results and financial position and on the world economy.
They appear throughout this announcement and include, but are not
limited to, statements regarding NHOA’s intentions, beliefs or
current expectations concerning, among other things, NHOA’s results
of business development, operations, financial position, prospects,
financing strategies, expectations for product design and
development, regulatory applications and approvals, reimbursement
arrangements, costs of sales and market penetration. Important
factors that could affect performance and cause results to differ
materially from management’s expectations or could affect NHOA’s
ability to achieve its strategic goals, include the uncertainties
relating to the impact of Covid-19 on NHOA’s business, operations
and employees. In addition, even if the NHOA’s results of
operations, financial position and growth, and the development of
the markets and the industry in which NHOA operates, are consistent
with the forward-looking statements contained in this announcement,
those results or developments may not be indicative of results or
developments in subsequent periods. The forward-looking statements
herein speak only at the date of this announcement. NHOA does not
have the obligation and undertakes no obligation to update or
revise any of the forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20211003005087/en/
Press Office: Claudia Caracausi, Image Building, +39 02
89011300, nhoa@imagebuilding.it Corporate and Institutional
Communication: Cristina Cremonesi, +39 345 570 8686,
ir@nhoa.energy
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