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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  1414 Degrees Limited    14D   AU0000010696

1414 DEGREES LIMITED

(14D)
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End-of-day quote. End-of-day quote Australian Stock Exchange - 06/05
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News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

1414 Degrees : to Develop SmartFarm Solution

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08/01/2019 | 12:00pm EDT

1414 Degrees (ASX:14D), cleantech company announced that it is partnering with several partners to advance its SmartFarm project that utilizes its thermal energy storage system. In conjunction with  Ampcontrol  SWG Pty and BE Power Solutions, 1414 is targeting this solution for a cropping farm development with Nectar Farms.

As quoted in the press release:

Working in  collaboration  with  integrated electrical and electronic technology provider,  Ampcontrol  SWG Pty Ltd ,  and  renewable energy  project developer , BE Power  Solutions , 1414 Degrees is examining  a range of  joint project  opportunities  across Australia,  includin g  at  a  greenfield  site  in  th e Northern Adelaide Plains .  That  project  would see  the company  integrating its  grid  scale  energy  storage solut ion,  TESS-GRID ,  into a prote cted cropping farm  development  by east  coast  horticulture company , Nectar Farms  Management Limited (Nectar Farms) .   

“Nectar Farms is in the process of establishing  an $80 million  advanced protected  cropping  Sm a rtFarm facility in Victoria, involving 10 hectares of glasshouses  and  a large nursery .  The business is now working with 1414 Degr ees  on  a simila r  development, ” said Dr Kevin Moriarty, Executive Chairman of 1414 Degrees.   

Click here to read the full press release.

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The post 1414 Degrees to Develop SmartFarm Solution appeared first on Investing News Network.

© 2019 Investing News Network. All Rights Reserved., source Investing News Network

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Financials
Sales 2019 - - -
Net income 2019 -4,27 M -2,97 M -2,97 M
Net cash 2019 9,72 M 6,77 M 6,77 M
P/E ratio 2019 -11,4x
Yield 2019 -
Capitalization 26,8 M 18,7 M 18,7 M
EV / Sales 2018 -
EV / Sales 2019 -
Nbr of Employees -
Free-Float 42,9%
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Managers
NameTitle
Kevin Charles Moriarty Executive Chairman
Jordan Parham Chief Operating Officer
Matthew Johnson Chief Technology Officer
Dana Larson Independent Non-Executive Director
Ian Bruce Little Director
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