DGAP-News: Scutum Capital AG: Financing round completed and launch of the construction of the first large scale industrial Pyrolyx reactor
(firmenpresse) - DGAP-News: Scutum Capital AG / Key word(s): Capital Increase/Change of
Personnel
Scutum Capital AG: Financing round completed and launch of the
construction of the first large scale industrial Pyrolyx reactor
23.12.2010 / 08:45
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Scutum Capital AG: Financing round completed and launch of the construction
of the first large scale industrial Pyrolyx reactor
Scutum Capital AG, Munich: Investors have subscribed to 5,000 shares at a
price of 40 EUR each during the ongoing capital increase. The company has
decided to cap this capital increase at 200,000 EUR as it has - together
with its strategic partners - successfully achieved its funding objective
initially targeted at 2 million EUR. The registration of the capital
increase was initiated yesterday with the Court of Munich (Amtsgericht
München).
Funds advised by Galaxis Capital LLP, London, as well the company's
technology partners Zeppelin Systems GmbH, Friedrichshafen, and Van Beek
B.V. (Celsius), Drunen (NL) have provided the company with financing in the
amount of 2.8 million EUR, bringing the total new funds to 3.0m EUR
including the capital increase.
As a direct result, the company can now launch the construction of the
first large scale industrial reactor. The company already performed
successful application tests with potential customers in the rubber and
tire industry using Carbon Black that was recycled through the Pyrolyx
process. The company expects the reactor to be completed in the first half
of 2011.
In addition, the company has acquired the outstanding 40% shares of Pyrolyx
Halle GmbH. Mr. Oliver Berger will now become Managing Director of the 100%
subsidiary and will therefore resign from the supervisory board. His
successor will be Mr. Alexis Gurdjian, Managing Partner of the London based
investment advisor Galaxis Capital LLP.
Scutum Capital AG owns all intellectual property related to the Pyrolyx
environmental technology, especially one patent application and specific
process know-how. This unique, innovative process in the field of
environmental technology is aimed at commercially recycling valuable raw
materials such as Carbon Black, oil and gas from common rubber resins that
are produced from old car tires or other rubber based waste.
Munich, 23 December 2010
Niels Raeder&Fikret Dülger
Board members Scutum Capital AG
End of Corporate News
23.12.2010 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Scutum Capital AG
Nymphenburger Str. 70
80335 München
Deutschland
Phone: +49 (0)89 856 335 58
Fax: +49 (0)89 856 335 55
E-mail: info(at)scutum-capital.de
Internet: www.scutum-capital.de
ISIN: DE000A0MFXR8
WKN: A0MFXR
Listed: Open Market in Frankfurt
End of News DGAP News-Service
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107486 23.12.2010
Datum: 23.12.2010 - 08:45 Uhr
Sprache: Deutsch
News-ID 32926
Anzahl Zeichen: 0
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Kategorie:
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