Events are designed to launch on AIM in April 2014. Altium Funds is show business as Low Agent to the Organization and Oriel Securities is show business as Mediator.
PassivSystems was founded in 2008 by the Group's CEO Colin Calder, a telecommunications technology buccaneer and headquartered in Newbury, Berkshire. At a epoch following the UK consumerist is bottom an consistently rising financial diversity with fulfill to energy directive, the Organization recognises that near is an liberty in the home energy and treatment problem market for the utterly merger of hardware and software as a employ to money savings for trade.
SOFTWARE Podium FOR Advanced Quarters Country Route Amenities
PassivSystems' software podium is built to bolster a file of applications, with starvation deployable solutions obliging for home heating, hot water and solar photovoltaic ("PV") route. The podium connects homes and the heating stuff used in them to a central podium to be responsible for optimisation of energy develop, encourage support levels and money problem and support in a convenient make public to users.
KEY Products AND Amenities
PassivSystems right away provides two product lines:
* PassivPro - a software podium for monitoring solar PV assets and allocation to maximise solar PV yields and financial returns; and
* PassivLiving - a software podium for control domestic heating and energy directive and waste, which a PassivSystem's look at shows an paradigm of in the region of 23% savings on a customer's almanac heating export tax.
PassivPro wires elegant 15,500 homes and the Directors be aware of that the Organization has assembled the biggest collective of irradiance-adjusted facts on rooftop solar PV in the UK optimising financial proceeds for asset managers and investors. The Organization is industrial with a extent of solar PV infrastructure investors and asset managers together with its current full-size customer, Macquarie, to ballot to make longer its monitoring solution and stretch the file of navy it can relinquish to owners and managers of rooftop solar PV assets.
Put on are right away c.5,000 PassivLiving systems that fix been installed. PassivLiving enables users to help heating and hot water from any internet enabled organization, optimising urbanized heating systems using algorithmic learning of a home's thermal efficiency multipart with information about the home's tenancy esteem and emerge weather harden.
In additional the Organization provides a "managed navy" represent for retailers, home infrastructure providers and off-grid oil suppliers, whereby PassivSystems provides and manages the installation of swop heating helm and boilers with the assimilation of PassivLiving on a sickly nickname or all-party branded foundation. PassivSystems uses its basic podium to optimise installation measures, minimise revisits and advisable field helpful theatrical production.
Economic Check out
PassivSystems has combination profit streams and in the engagement to 31 December 2013, the Organization had revenues of lb3.5 million and finished a bleeding behind schedule tax of lb4.3 million which reflects the continued investment in the podium control greater than before development and affix directive.
Arranged persistent profit - PassivPro Subscription Services: Higher than epoch PassivSystems' solar PV monitoring and associated navy ghoul observe to build an endlessly large and in effect subscription base, rescue almanac persistent profit and rank. These solar PV portfolio monitoring navy are customarily on token hitch terms of five to ten existence.
PassivLiving Subscription Services: Sales of the PassivLiving navy generate both hardware and subscription revenues. Assorted of PassivSystems' competitors rely on hardware revenues chastely, despite the fact that the Organization believes that the continued customer prototype that a subscription-based system provides, presents the liberty for reseller partners to relinquish set a price very navy to their trade.
Hardware sales - sales of GSM meters and in-home campaign by PassivSystems and its business partners generate forthright profit and industrial assets benefits.
Cursory settlement epoch - PassivSystems' products relinquish opportunities for full-size excise savings for their users. PassivSystems has continually set a price engineered the PassivLiving product to consider it that it has a delightfully differentiated product in the market. Based on an paradigm almanac gas export tax of lb755 and an paradigm of 23% savings, PassivLiving Kind settlement epoch is now circa 18 months.
Deeply Experienced Route Troop
Colin Calder is the go wrong and Important Officeholder Official of PassivSystems and founded the Organization in 2008 in the manner of twelve months of vast research featuring in zero-carbon homes in Italy. Colin has 30 existence of nibble in the software and technology sectors, with a full-size plight of his calling living thing byzantine in the bringing group of representative and the internet. In 1996, Colin founded Paragon, a software company polite on synchronising facts in the middle of representative phones, desktop applications and web-based navy, which he sold for US500 million to write to.com in 2000.
As factor of the IPO process PassivSystems has payable Sir Roy Gardner as Non-executive Chairman of PassivSystems. Sir Roy was formerly Important Officeholder of Centrica plc and was knighted in 2002 for navy to the Gas and Electricity Industries. Sir Roy is also Chairman of Manhood Renewable Domination, a Non-executive Controller of William Hill plc, a Controller of Willis Organization Holdings Aspect and a Senior Advisor at Pay tribute to Suisse.
In additional PassivSystems has also payable Robin Taylor as Non-executive Controller. Robin is right away Non-executive Controller of a extent of software companies together with EMIS Organization where he is Senior Secede Controller and Control of the Audit Senate as delightfully as a Non-executive Controller of Fusionex Worldwide plc and Phoenix IT Organization plc. The Organization is also triumphant to give Andrew Bud as Non-executive Controller. Andrew time was served as Non-executive Chairman of PassivSystems Aspect formerly to Admittance and is an chic technology buccaneer and show with a calling with a leg on each side of 28 existence in representative communications. Andrew is right away CEO of iProov which he founded in 2011.
Modern Follow AWARDS AND DEVELOPMENTS
In February 2014, PassivSystems signed a ten engagement hitch with a secondary of Macquarie for the carriage of solar PV monitoring navy and a UK elitism show all the signs in bind to these navy with Macquarie. Macquarie is funding a further up the ladder rollout of solar PV installations in the UK, all in the mind at 20,000-25,000 systems, to both lone and extroverted quarters where it is industrial with a extent of installation and development contractors.
In additional PassivSystems is stable to develop a file of additional software systems and navy that ghoul be responsible for the Organization to relinquish solar PV asset owners and managers with tab route, asset tracking, workflow, audit and other managed navy such as profit collective and accounting appeasement navy. PassivSystems expects all of these navy to be rolled out to the market featuring in the lane of 2014.
Combination ROUTES TO Vent
Rest and asset managers - PassivSystems is polite on sphere its PassivPro products and navy to infrastructure funders such as Macquarie, asset managers such as Gentoo and Homesun and registered extroverted landlords such as Nottingham Urban Homes and Bournemouth Expanse School assembly who can seize efficiency gains and benefit from the mature facts analytics.
Oil ardent households - Oil-heated households (of which near are 1.1 million in the UK, restrict Northern Ireland) are right away leading by positive of the cap energy directive and can like so advantage full-size gains from the reductions in energy waste that PassivLiving delivers. A bulky plight of off-grid households reserve oil control fuel export groups and as a verdict PassivSystems has off commercial relationships with positive of the biggest of these groups.
Retailers and home infrastructure providers - Due to rising attain in unbending retail markets, blue-chip lightweight track retailers fix begun to make longer featuring in the navy market together with energy and home further, to relinquish a broader employ represent to their customer base. The Directors be aware of that a fuse spectacle is also growing from the alternative energy providers (non Big Six) who are looking to halt the goal of energy companies not wanting to blameless trade improve their energy waste. By represent PassivLiving as a swop heating problem or with a swop oven, the vent (or alternative energy provider) can relinquish an very set a price consumerist represent that come to blows in coherent be similar to with the consumerist control a branded problem spend.
Convoy sales - To concentrated effort article homeowners, PassivSystems has launched a contain to consumerist sales direct with an accompanying ecommerce incident (www.reducemyheatingcosts.com). This B2C sales podium can also be untaken as a sickly nickname employ to PassivSystems' direct partners.
Copious AND Embryonic Vent
The Directors be aware of that PassivLiving is dynamic at the intersection of three further up the ladder market trends, namely the 'internet of equipment and majority of luxurious phones, revolt energy prices and new business models for the announcement of energy navy.
Internet connectivity in the home has full-grown all through the UK with 21 million households (83%) having internet charm. Easy-to-read connectivity has followed combat with Chamber of Internal Word facts low-cut that parade elegant half of all adults accessed the internet on their phones. The UK home further market is denomination lb27 billion per annum according to the 2011 report coagulate for the Chamber of Buoyant Trading, with circa 1.3 - 1.6 million swop efficient boilers right away living thing installed in UK homes per annum. In additional near fix been bigger than 500,000 rooftop solar PV systems installed in the UK equally 1 April 2010.
Commenting on the finding to float on AIM, Colin Calder, CEO and Engineer of PassivSystems, said: "Seeing that 2010 energy bills in the UK fix risen by 37% at a epoch following paradigm earnings fix chastely risen by 4.4%. In the company of heating and hot water accounting for very nearly 80% of UK domestic energy waste and the paradigm UK domestic twofold fuel energy export tax right away globular lb1,385 per annum we be aware of that the UK consumerist is bottom an consistently rising financial diversity. In the company of colonize and fan focus on heightened by these prices, near is a pure liberty for PassivSystems to relinquish the market with a product that provides full-size savings to issue energy bills."
"The Accommodate is triumphant to be announcing our purpose to list on AIM. PassivSystems is dynamic in an succulent and rapidly increasing market, with full-size growth scenario markedly in the UK, Europe and the Entail East."
PassivSystems also announces the official unveiling of Sir Roy Gardner as Non-executive Chairman. Commenting on his official unveiling Sir Roy Gardner, said: "I am triumphant to append the Accommodate of PassivSystems as Chairman, where I ghoul begin to utilise a capital of relevant sector intent as delightfully as in effect nibble of colonize company continuation to joist the Organization in its ambitious growth plans. Our aim is to present the market show in the carriage of luxurious technology systems for both domestic energy use and micro-generation energy monitoring and optimisation."
"PassivSystems employs 70 affix and operates from its investment in Newbury. Redirect information on PassivSystems can be formula at www.passivsystems.com"
THE Mainstay PASSIVSYSTEMS: Meaning TO Arrive ON AIM APPEARED Basic ON WHATGREENHOME.
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