The Fund’s main focus will be minority equity investments in Polish start-ups in the energy, environmental, information and communications technology (ICT) sectors.
The Fund successfully concluded its first investment into Vortex Oil Engineering S.A. (www.vortex-oil.com), which has developed and started commercializing a hydroacoustic mill which enhances recovery rates from oil wells while lowering water consumption without the use of any chemicals, thus reducing the environmental impact of crude oil extraction.
“We have been thoroughly amazed by the acumen and drive of the Polish start-up scene while evaluating our participation in the ValueTech Seed Fund over the past year. We are looking forward to working with the Fund’s management on identifying promising start-ups in our area of expertise. We are convinced that with our energy industry experience and global footprint we will be able to help the Fund’s investee companies leverage their technologies and solutions internationally while in some cases deriving synergies of strategic value for Photon Energy’s business. In combination with the strong financial incentive of the Grant we are very confident in a material contribution to our shareholder value. The Fund’s first investment into Vortex Oil Engineering is a promising first step in this direction. While the Polish PV sector remains challenging to address for us, we are pleased to have finally found an exciting way to enter the Polish market, by investing in Polish brains and entrepreneurship”, explained Georg Hotar, CEO of Photon Energy NV.
Legal basis: § 5 ust. 1 point no.2 of the Appendix 3 to Regulations of the Alternative Trading System - "Current and Periodic Information in the Alternative Trading System".
Źródło:Komunikaty spółek (EBI)
