Verditek plc, a holding company with three businesses operating within the clean technology sector with proven products considered as being at the point of commercialisation, has announced its intention to seek admission of its shares to trading on the AIM market of the London Stock Exchange.
The firm is focused on what it considers to be emergent and fast-growing clean technology sector, including emission control and filtration de-odourisation for water and air.
BBR Filtration Ltd’s patented filtration deodorisation technology removes over 99% of hydrogen sulphide from wastewater streams – in 2016 the firm conducted a trial with the Toho Water Authority in Florida, US.
According to the Verditek Board, the technology has significant commercial advantages including lower costs and greater sustainability.
The proposed placing is intended to raise approximately £3.5 million - dealings are expected to commence on AIM in May 2017.
Verditek’s growth strategy is focused on driving value in businesses that the Board considers to have the following characteristics:
- Proven products at the point of or near commercialisation;
- IP which has a proven competitive technological / commercial edge; and
- Large, lucrative and global addressable markets.
Describing the filtration deodorisation technology as commercially proven and capable of tackling a wide range of odours within air and water at a high efficiency, Theodore Chapman, CEO of Verditek, commented:
"We are delighted to announce our intention to list on AIM, an attractive marketplace for us at this transformational juncture in Verditek's development, as we look to progress our three clean tech businesses with exciting, disruptive technologies and proven products in solar, carbon capture and filtration. We envisage that the listing will enable us to accelerate their growth, scale the businesses and bring each of the proprietary products to market.”
"Verditek has been founded to bring disruptive clean technologies with possible early revenues to market whilst delivering long-term game changing technologies for the sector.”
"We have a highly experienced management team with strong leadership and experience in the clean technology sector. We feel that with our talent and expertise coupled with the proceeds from the Placing we will be well positioned to maximise the potential of these businesses to establish strong sales pipelines to drive revenue."
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