EGY Distribution Agreement and Business Update
Released
Released
Announcement PDF
ASX Announcement
5th September 2024
Energy Technologies Limited – Signs Material Wholesale
Distribution Agreement and Business Update
Key Highlights:
Distribution Agreement is effective immediately
Includes the ability to sell cables into Medium and High Voltage, Transmission
and Fibre Optic markets
Provides a deeper penetration into the Renewable Energy markets with the
ability to sell cables in to offshore and on shore wind projects
Agreement also covers mining, marine, subsea and Novel (Nuclear) cable
capabilities
Energy Technologies Limited (ASX: EGY or “the Company”), a 100% owner of
Bambach Wires and Cables Pty Ltd (Bambach) which sells low voltage industrial and
specialised copper cables & energy solutions to the renewable energy industry
across Australia., releases an update to the market regarding its expansion into the
renewables industry.
Bambach is pleased to announce that it has signed a strategic distribution
agreement with Tratos Group, a leading European cable manufacturer. This
partnership marks a significant milestone for the company as it enables it to
complete it’s product offering and enhance the presence across a number of sectors
currently not serviced by Bambach.
With this new agreement, the company is now equipped to provide medium and high
voltage cables, a crucial addition to it’s portfolio. This expansion allows Bambach to
better serve the renewable energy sector and meet the increasing demand for robust
and reliable cable solutions.
Moreover, this collaboration opens up exciting opportunities for Bambach to enter
into additional key market segments, including mining. Tratos Group’s specialty
cables will enable the company to deliver tailored solutions to meet the unique
requirements of these industries.
This distribution agreement signifies the final part of the restructure previously
disclosed and recently highlighted in the EGY Investor Presentation (31 July 2024) –
Next Steps.
EGY Acting CEO, Nick Cousins said, “We are enthusiastic about the possibilities
this partnership brings and look forward to working closely with Tratos Group to drive
innovation and deliver exceptional value to our customers.”
– END –
About Energy Technologies
Energy Technologies Limited (ABN 38 002 679 469) has a 100% ownership of
Bambach Wires and Cables Pty Ltd, a manufacturer of low voltage copper insulated
cables. Learn more about Energy Technologies at website
www.energytechnologies.com.au.
About Tratos
With headquarters in Italy and with more than 50 years of experience in the cable
industry, Tratos’ engineering expertise is behind the development of highly
specialised products for a variety of sectors. From cabling for transport networks to a
fusion for energy projects of world significance, Tratos’ technology is at the forefront
of the world’s most significant power, growth and connectivity projects.
For more information, please contact:
General enquiries
Corporate Communications
Mr. Gregory Knoke
Company Secretary
greg.knoke@energytechnologies.com.au
This announcement is authorised by Energy Technologies Limited’s Board of Directors
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