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    OPTI   BE0003836534

CRESCENT NV

(OPTI)
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Real-time Euronext Bruxelles  -  11:28 2022-11-29 am EST
0.0161 EUR   -0.62%
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Crescent : OCCASIONAL PRESS RELEASE – Crescent/Remoticom announce expansion of its Smart City solutions into Eastern Europe

05/27/2022 | 12:53pm EST

OCCASIONAL PRESS RELEASE

Crescent/Remoticom announce expansion of its Smart City solutions into Eastern Europe

Leuven, Belgium - May 27, 2022 - 18h00 CET, Crescent NV, (Euronext Brussels: OPTI) announces the expansion of Remoticom BV's Smart Lighting Solutions into Eastern Europe.

Post the successful deployment of some 10,000 ZSC150 Lighting controllers in the city of Skopje Remoticom now aims to capitalize on this rapidly emerging opportunity through an increased presence in eastern Europe. This advanced IOT system was realized in collaboration with Verso Altimo, a Croatia-based internationally renowned integrator and operator Makedonski Telekom. The energy-efficient, sustainable and future-proof Smart City Solution is based on a modular design that offers the possibility of activating several relevant IOT verticals such as for Smart Lighting, Air Quality monitoring, Smart Water Solutions, Security and Crowd Monitoring.

Municipal bodies have responsibility of providing appropriate lighting levels in the city while, keeping energy costs to a minimum. With lighting accounting for a large portion of a city's total energy consumption, the need for cost-effective and sustainable options is crucial. Simply switching to LED lighting can result in electricity savings of up to 50 to 60 percent, and by adding Remoticom's smart lighting control systems, the overall energy savings can go up to 80 percent.

Remoticom's expansion into the Eastern European region will initially target key municipalities across Northern Macedonia, Serbia, Albania, Greece, Montenegro, Croatia, Bosnia Herzegovina, Slovenia, Bulgaria, Romania, Slovakia, Czech Republic and Poland. Crescent believes that similar deployments will soon follow suite in Western Europe.

Crescent NV hereby reaffirms that despite severe ongoing supply chain shortages the company remains on track to deliver better than 20% growth during the first semester of 2022 at improving levels of profitability. Moreover, since incoming orders have continued to exceed Crescent's ability to fill the demand during the first semester of 2022, we remain optimistic about a year end outlook of better than 25% annualized growth.

CONTACT

Edwin Bex

Gaston Geenslaan 14

B-3001 Leuven, Belgium

TEL: +32 (0) 16 31 74 11

E-mail: investor@option.com

www.remoticom.com

www.crescent-ventures.com

Disclaimer

Crescent NV published this content on 27 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2022 16:52:31 UTC.


ę Publicnow 2022
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Financials
Sales 2021 19,2 M 19,9 M 19,9 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 26,9 M 27,8 M 27,8 M
Capi. / Sales 2021 1,40x
Capi. / Sales 2022 1,27x
Nbr of Employees 77
Free-Float 44,8%
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Mean consensus HOLD
Number of Analysts 1
Last Close Price 0,02 €
Average target price 0,03 €
Spread / Average Target 86,3%
Managers and Directors
Pieter Bourgeois Non-Executive Director
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