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QUANTRON reports successful first seven months with international expansion as part of its globalization strategy

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  • Quantron AG reports cumulative order intake of 20 million Euro for the first seven months of the year
  • Order backlog and customer approved funding requests cumulatively exceed 100 million Euro
  • QUANTRON expands with the foundation of Quantron Italy S.r.l. and now has partners and affiliate offices in eight countries in Europe, Middle East, India & USA
  • QUANTRON and GTL establish a joint venture called ROQIT with locations in Augsburg (GER) and Hyderabad (IND) to build a digital transaction platform for the needs of zero emission fleets

AUGSBURG, Germany, Aug. 24, 2023 /PRNewswire/ — Quantron AG, specialist for sustainable passenger and goods transport, has successfully completed the second quarter of 2023. Given the rapid developments in the industry and the increasing international demand for zero-emission mobility solutions, the clean tech company is confident of achieving its growth targets.

In the first seven months of the year, the company recorded an order intake of 20 million Euro and an order backlog and approved funding applications at customers of cumulatively more than 100 million Euro.

Foundation of Quantron Italy S.r.l

At the end of May, QUANTRON announced the acquisition of EYES Group s.r.l. from FRIEM S.p.A. and the establishment of Quantron Italy S.r.l.. Quantron Italy is based in Milan, where the initial focus will be on zero-emission vehicles for the last mile and buses. It has already delivered four all-electric minibuses to municipalities on the island of Elba and won a tender for 6 electric city buses in Turin. Managing Director of Quantron Italy is Fabrizio Simoni, a automotive executive with more than 20 years of experience in international organisations

Quantron USA at ACT Expo in California

At the largest trade show for climate-friendly commercial vehicles in the U.S. – the Advanced Clean Transportation (ACT) show in Anaheim, California – the U.S. subsidiary Quantron USA, Inc. presented for the first time its concept for the U.S. market as well as the first prototype of its hydrogen-electric Class 8 truck. At the start of production, QUANTRON anticipates an unprecedented range for vehicles in this class in the U.S. of approximately 750 to 850 miles with a tank capacity of 100 kg of hydrogen. QUANTRON thus offers a real alternative to diesel-powered heavy trucks in the USA. The truck will be developed and manufactured at the US site in Michigan, near Detroit.

Reinforcement in QUANTRON management and supervisory board

Beate Reimann has taken over the position as Chief Financial Officer (CFO) of Quantron AG as of July 1st 2023 and will specifically support the company in the launched B-financing round together with STIFEL Investment Bank. She brings over 20 years of experience in leading international finance organizations as well as a proven track record in delivering financial results. She will play an important role in preparing Quantron AG for its capital market and IPO.

In addition, Mohamed Oun, Head of Accounting and Finance at Mesientos Limited – a subsidiary of Oilinvest B.V., was elected to the Supervisory Board of Quantron AG. He replaces Robert Schäble, who is leaving the Supervisory Board at his own request. Mesientos Limited is an investment arm of the Oilinvest Group, which operates around 2,450 service stations in Europe through its subsidiary Tamoil.

Greentech Festival Berlin: QUANTRON and GTL present ROQIT

Together with Goldstone Technologies (GTL), a leading listed Indian company for business intelligence and IT services, Quantron AG entered into a joint venture under the name ROQIT. The aim of the joint venture is to develop a digital transaction platform as the digital backbone of Quantron-as-a-Service (QaaS).

In addition, AI-supported software solutions are being developed for the rapidly ramping up zero-emission fleet management market, which can be used independently of manufacturers. The integrated platform was first presented at the Greentech Festival in Berlin in May. It is composed of five digital pillars: Fleet Management, Insurance-as-a-Service, Hydrogen Economy, Greenhouse Gas Balancing (GHG Quotas) and Data Insights.

During his visit to QUANTRON’s booth during the Greentech Festival, German Finance Minister Christian Lindner emphasized the importance of sustainable innovations and was enthusiastic about QUANTRON’s broad portfolio, which includes both battery and hydrogen-electric drives: “I am committed to technology openness in Germany and Europe. As you probably know, we focus on battery electric vehicles, but there are also alternatives. I think there are different use cases and that’s why we need a diversity of technologies.”

Full-year 2023 outlook

Michael Perschke, CEO: “The year 2023 is our transformation year and is marked by the ramp-up of our QUANTRON QLI FCEV and our QUANTRON QHM FCEV AERO trucks- our 2 flagship Fuel Cell products that we developed together with Ballard Power. We are executing excellently on this challenge and plan to deliver as many as 25-40 Fuel Cell vehicles to our customers this year. In addition, we are in the middle of our B-round of financing and have already been able to sign various “Registration of Interest” and MoUs. The B round will secure our scaling beyond 2024. We will use the proceeds for our “Hydrogen Offensive” and are proud that partners like Ballard Power, Fund 4 Sustainability and NEUMAN ESSER Group support our strategy and are part of our ecosystem. We will announce another investor in early September.”

Andreas Haller, Chairman: “On July 15, 2023 we celebrated the 4th birthday of Quantron AG and I am proud of what we as a team have achieved so far. We can now call ourselves the technology market leader in hydrogen powered fuel cell trucks and I am proud of the QUANTRON team and our global partnerships.”

About Quantron AG 

Quantron AG is a platform provider and specialist in sustainable mobility for people and goods; in particular ,for trucks, buses and vans with all-electric drive trains and H2fuel cell technology. As a high-tech spin-off of the renowned Haller KG, the Augsburg/Bavaria-based company combines more than 140 years of commercial vehicle experience with the very latest e-mobility know-how, and positions itself globally as a partner to existing OEMs.  

With the Quantron-as-a-Service Ecosystem (QaaS), QUANTRON offers an overall concept that includes all facets of the mobility value-added chain: QUANTRON INSIDE includes a wide range of new vehicles as well as conversions for existing and used vehicles from diesel to battery and hydrogen-electric drives with the highly innovative QUANTRON INSIDE technology. With a Europe-wide network of 700 service partners,QUANTRON CUSTOMER SOLUTIONS guarantees digital and physical after-sales solutions along with a range of services for maintenance, repairs and spare parts, telematics and in-cloud solutions for remote diagnosis and fleet management. Customers receive individual advice on, among other things, tailored charging and tank solutions, rental, financing and leasing offers. Training courses and workshops are also offered in the QUANTRON Academy. In future, QUANTRON ENERGY & POWER STATIONS will realise the production of green hydrogen and electricity as a platform. To this end, Quantron AG has teamed up with a number of strong global partners. At the same time, this Clean Transportation Alliance is also an important building block for supplying vehicles with the required green charging and H2 tank infrastructure. 

QUANTRON stands for the core values RELIABLE, ENERGETIC, BRAVE . The team of experts at the innovation driver for e-mobility is making a significant contribution to sustainable, environmentally friendly passenger and freight transport.

Visit Quantron AG on our social media channels on LinkedIn and YouTube. More informationen available at www.quantron.net 
You can find images in both high and low resolutions here: Press releases from Quantron AG 

Contact: 
Quantron AG
Koblenzer Straße 2, 86368 Gersthofen, Germany
Tel: +49 (0)821-789840-0
Email: [email protected]
Web: www.quantron.net

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ChainUp Celebrates 6th Anniversary, Charting Blockchain Innovations beyond Digital Assets

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SINGAPORE, Sept. 29, 2023 /PRNewswire/ — ChainUp, a Singapore-based trailblazer and global leader in the blockchain industry, marked its sixth anniversary celebration with more than 500 business partners at Ce La Vi Singapore. During the celebration, ChainUp Founder and CEO, Sailor Zhong reflected on the journey, “Six years in the blockchain industry showcases our resilience, innovation, and forward-looking approach. As we look to the future, we are committed to shaping a digital asset environment that is reliable, transparent, and unparalleled. ChainUp aims to champion blockchain solutions beyond the applications of digital assets and bridge the gap between digital asset markets and traditional finance (TradFi) to increase effectiveness and market efficiency.”

The DEX Renaissance
As decentralized finance (DeFi) comes into prominence and focused on returning control to users, one of the sectors impacted by DeFi are the exchanges where cryptocurrencies are traded. Data from CoinMarketCap reveals that trading volumes on Decentralized exchanges (DEX) reached $1.2 trillion in 2022, indicating a 340% YoY growth. However, factors such as poor user experience impeded the rate of adoption of DEX. Recognizing this trend, ChainUp has updated its white-labeled DEX solution, incorporating advanced features, strengthening its security, improving its liquidity and aims to provide a decentralized trading experience that is on par with commonly-used centralized exchanges (CEX).

Bridging TradFi and Digital Assets Market
The traditional financial sector has been progressing very cautiously on digital assets. As more institutions lean into RWA tokenization, they unlock unparalleled liquidity in a borderless trading environment. Amidst this evolution, ChainUp’s RWA solutions emerge as an industry pioneer, offering robust tokenization protocols, seamless integration, and enhanced security, bridging the gap between TradFi and the digital future with unmatched finesse.

Minimizing Risk and Maximizing Security
ChainUp’s MPC Wallet revolutionizes crypto security by integrating MPC technology with advanced hardware isolation, ensuring utmost safety and encryption on data. The wallet offers dynamic key-refreshing mechanisms, chain-agnostic compatibility, and eliminates single-point vulnerabilities. With efficient multi-address management and 24/7 expert support, users enjoy full asset control, scalability, and cost-efficiency, all under one roof.

Compliance: The Guiding Principle
Navigating global regulations in the blockchain sector can be complex. ChainUp’s KYT subsidiary, Trustformer, offers peace of mind for enterprises tackling compliance-related challenges.  ChainUp’s advanced solutions in Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) show their commitment to a more secure blockchain environment.

For detailed insights into ChainUp’s innovative solutions, please visit: https://www.chainup.com?channel=pr&type=article

About ChainUp
Headquartered in Singapore, ChainUp is a global leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp’s innovative and all-around compliant solutions include digital asset exchange, KYT, NFT trading, wallet, liquidity, Web3.0 infrastructure, digital asset custody, security token offerings and more. Established in 2017, ChainUp has offices around the world, serving more than 1,000 clients in 30 countries, reaching over 60 million end-users.

CONTACT: Jacelynn Pang, [email protected] 

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PTI Secures €1.2 Billion Multi-Jurisdiction Transaction

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NEW YORK, Sept. 28, 2023 /PRNewswire/ — Phoenix Tower International, LLC (“PTI”), through its Spanish subsidiary (PTI Iberica V, S.A.) announced today that it has closed a new €1.2 billion senior credit facility in Europe to consolidate its existing loans and provide substantial additional capacity to support further growth both in existing and new markets in Europe. 

The transaction comprised of the following senior secured facilities: (i) a €700 million term loan, (ii) a €400 million delayed draw term loan, (iii) a €50 million revolving credit facility, and (iv) a €50 million debt service reserve facility, all of which are due in September 2030 (7 years). Proceeds from the facilities will be used to: (i) repay existing indebtedness including related fees and expenses,  (ii) fund capital expenditure requirements and acquisitions, including the recent acquisition of the French portfolio of wireless tower assets from Cellnex (1,226 sites hosting SFR), and (iii) fund working capital requirements.

“The multi-jurisdiction loan provides PTI with the flexibility to continue to grow our business across Europe with incremental liquidity available at our disposal. The financing will allow us to strengthen our commitment to the region, as we continue to construct and invest in digital infrastructure in markets that are experiencing a rising demand for connectivity and technological upgrades. We are excited to continue to expand our presence in Europe and deliver value-add infrastructure solutions to our customers”, said Dagan Kasavana, Chief Executive Officer of PTI.

“By providing a flexible financing covering multiple jurisdictions, PTI was able to simplify its capital structure, reduce pricing, and access incremental funds to support future growth. Raising €1.2 billion in the current market environment speaks to the strength of PTI’s business model and underscores the lender community’s appetite to support the expansion of digital connectivity. We are pleased to partner with such a strong lender group in this landmark transaction”, said Michael Bremer, Chief Financial Officer of PTI.

Natixis Corporate & Investment Banking (“Natixis”) acted as Structuring Bank. Natixis and Deutsche Bank AG acted as Lead Bookrunners and Mandated Lead Arrangers, ABN AMRO Bank N.V., ING Bank N.V., and Scotiabank (Ireland) Designated Activity Company acted as Mandated Lead Arrangers and Bookrunners, BNP Paribas and MUFG Bank acted as Mandated Lead Arrangers, and Citibank Europe PLC Dublin, Mizuho Bank Europe, and Toronto Dominion Bank acted as Participants. Natixis also acted as Facility Agent, Security Agent and Financial Modelling Bank, while ING Bank N.V. has been appointed as Sustainability Coordinator.

Freshfields Bruckhaus Deringer acted as external legal counsel of the company, and Allen & Overy acted as external legal counsel of the lenders.

About PTI

PTI, through its subsidiaries, owns and operates over 22,000 telecom towers throughout Europe, the United States, Latin America and the Caribbean. In Europe, PTI is present in several countries including France, Italy, Ireland, Malta and Cyprus.

PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across the world in high-growth markets. PTI’s investors include funds managed by Blackstone, Wren House and various members of the management team and is headquartered in Boca Raton, Florida. For more information, please visit www.phoenixintnl.com

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BranchOut Food Inc. Expands Partnership with EnWave Corporation. Increasing Manufacturing Capacity by an Additional ~$15mm Annually & Secures Additional Product Exclusivities.

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BEND, Ore, Sept. 28, 2023 /PRNewswire/ — BranchOut Foods Inc. (NASDAQ: BOF), the global trailblazer in GentleDried natural snacks and superfood ingredients, is proud to announce a significant expansion of its partnership with EnWave Corporation (TSX-V: ENW | FSE: E4U). BranchOut has agreed to purchase a second large-scale, continuous throughput dehydration machine from Enwave. Under the terms of the new Equipment Purchase Agreement (the “Agreement”), the 120kW REV™ machine is slated for delivery to BranchOut in late calendar 2024 and will add an additional $15mm in estimated topline capacity.

Eric Healy, CEO of BranchOut Food Inc., emphasized, “We are confident that this increased capacity will align perfectly with our growth trajectory, especially in light of our recent commitments from major retailers and the substantial sales pipeline we have established.”

Enwave’s Radiant Energy Vacuum (REV™) technology and associated patent portfolio was previously licensed to BranchOut along with exclusivity for its original core products. Under the new Agreement, the product exclusives have been significantly expanded to encompass the new and innovative products BranchOut has recently developed and will be launching in the very near future.

About BranchOut Food Inc.: BranchOut is an international food-tech company delivering truly great natural snacks and real superfood ingredients enabled by their licensed dehydration technology. BranchOut Food is a leading provider of high-quality dehydrated fruit and vegetable-based products and its commitment to quality and innovation sets it apart as a trusted brand and private label supplier. For more information about BranchOut Food Inc. and its products, please visit www.branchoutfood.com.

About EnWave: EnWave Corporation stands as a global leader in vacuum microwave dehydration innovation and application. Operating from its headquarters in Vancouver, BC, EnWave boasts an impressive intellectual property portfolio and has refined its Radiant Energy Vacuum (REV™) technology into a proven, consistent, and scalable drying solution. This revolutionary technology outperforms traditional drying methods in terms of efficiency, capacity, product quality, and cost.

Media Contact:

BranchOut Food Inc. 
Email: [email protected]

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