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BILLINGSHURST, UK - Energys Group Limited (NASDAQ: ENGS), a $44.32 million market cap provider of energy efficiency and decarbonisation solutions, has secured new contracts for LED lighting projects with Ark Multi-Academy Trust, a London-based education charity. According to InvestingPro data, the company has shown strong revenue growth of nearly 60% over the last twelve months, despite challenging market conditions. The projects, aimed at upgrading existing lighting systems with advanced LED technology and intelligent controls, are expected to yield annual savings of around $1.4 million and cut carbon emissions by over 900 tonnes.
The company has already completed the first phase of the initiative, valued at $1.2 million, and has been awarded additional contracts worth $1.1 million to commence immediately. Future works scheduled for August 2025 and later in the year are projected to bring the total value of the projects to $5.5 million. These contracts come at a crucial time, as InvestingPro analysis indicates the company’s current ratio of 0.51 suggests tight liquidity conditions.
Kevin Cox, CEO of Energys Group, expressed pride in the partnership with Ark Multi-Academy Trust and the company’s role in promoting sustainability in education. He emphasized the company’s commitment to advancing decarbonisation efforts and contributing to a more sustainable environment. While the stock has experienced volatility, showing a significant 8.74% return over the past week, InvestingPro subscribers can access additional insights through 8 more exclusive ProTips and comprehensive financial metrics.
Energys Group, established in 1998, has evolved from an energy conservation consultancy to a comprehensive provider of energy-saving and carbon reduction solutions in the UK. The company serves various sectors, including educational institutions, healthcare facilities, and offices, aligning its operations with the global Net Zero agenda to enhance the wellbeing of building users.
Ark Multi-Academy Trust has been committed to ensuring educational accessibility and sustainability since its inception in 2002, overseeing a network of 39 schools serving approximately 30,000 students.
The information in this article is based on a press release statement and does not constitute an endorsement of Energys Group Limited or its services. The forward-looking statements within the press release reflect the company’s expectations about future events and are subject to risks, uncertainties, and potential changes.
In other recent news, Energys Group Limited has announced the pricing of its initial public offering (IPO) at $4.50 per ordinary share, aiming to raise approximately $10.1 million in gross proceeds. The shares have been approved for listing on the NASDAQ Capital Market, trading under the symbol "ENGS." The offering, managed by American Trust Investment Services, Inc., includes an option for underwriters to purchase an additional 337,500 shares to cover over-allotments within 45 days. The company plans to use the funds to expand its UK network, establish subsidiaries in the United States, and explore mergers and acquisitions. Additionally, proceeds will be allocated to research and development, inventory procurement, and repaying bank borrowings. Energys Group debuted on the market at $4.96 per share, slightly above the IPO pricing. The IPO is conducted on a firm commitment basis, with the offering expected to close soon, subject to standard conditions. Investors are advised to consider the potential risks and uncertainties highlighted in the company’s SEC filings.
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