(NewsDirect)
Synertec Corporation Ltd (ASX:SOP) executive director and CFO DavidHarris sits down with Proactive’s Jonathan Jackson to discuss howthe company has revamped its financial framework by securing a A$15million debt facility with Altor Capital Pty Ltd and completing a A$7million equity placement. These financial manoeuvres fortify thecompany's capital structure, fostering the advancement of its 100%renewable microgrid technology, 'Powerhouse'. This fundingfollows a robust March quarter where Synertec reported a significant47% year-on-year increase in group revenue and income, ranging between$4.8 million and $5.2 million. The debt facility is structured in twotranches, with an initial A$10 million available immediately and afurther A$5 million pending review after the first tranche isutilised. This arrangement is poised to underpin the capitalexpenditure for the ongoing deployment of Powerhouse units, whichoperate on a Build Own Operate Maintain (BOOM) model. These unitsintegrate predictive intelligence solar and battery systems to deliverrenewable power. Additionally, Synertec issued A$2.5 million worth ofwarrants to Altor, enhancing the capital flexibility and supportingthe firm’s scalability and market penetration goals. This strategicfinancial setup not only underscores the bankability of Powerhouse butalso aims to elevate Synertec's market position by enablingaccelerated deployment of its microgrid solutions across potentialdomestic and international markets. Furthermore, Synertec continues toexpand its engineering services, securing new contracts and supportinginnovative technology developments like green ammonia production withJupiter Ionics, and contributing to infrastructure projects such asthe Melbourne Underground Rail Loop.
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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