Last checked at 24 Jan 2023 12:05
24 January 2023
Invinity Energy Systems plc
("Invinity" or the "Company")
Invinity secures DTC Eligibility for U.S. OTC trading
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage, is pleased to announce that it has secured DTC Eligibility to allow real-time electronic clearing and settlement in the United States for its OTCQX-listed ordinary shares through The Depository Trust Company ("DTC"). DTC Eligibility accelerates the settlement period for Invinity's OTCQX listed shares and reduces costs for investors and brokers, allowing the Company's shares to be traded though a wider selection of U.S. brokerage firms. The move is expected to further enhance the liquidity of Invinity's shares in North America.
DTC is a subsidiary of the Depository Trust and Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. DTC Eligibility incorporates an electronic method of clearing securities, speeding up the receipt of stock and cash, and thus accelerates the settlement process for certain investors. DTC is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the U.S. Securities and Exchange Commission.
The achievement of DTC Eligibility further advances the Company's objective to increase U.S. investor activity in Invinity as part of a wider U.S strategy announced via RNS on 18 May 2022.
Larry Zulch, Chief Executive Officer at Invinity said:
"Securing DTC Eligibility completes our goal of enabling U.S. investors to easily trade in Invinity's shares under our OTCQX listing. Real-time electronic clearing and settlement streamlines investor access in an important market for Invinity."
Enquiries:
Invinity Energy Systems plc | +44 (0)20 4551 0361 |
Jonathan Marren, Chief Development Officer and Interim CFO Joe Worthington, Director of Communications
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EAS Advisors LLC (US Corporate Advisor) | +1 (646) 495 2225 |
Matthew Bonner / Chris Chesworth |
Notes to Editors
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF) manufactures vanadium flow batteries for large-scale, high-throughput energy storage requirements of business, industry and electrical networks.
Invinity's factory-built flow batteries run continually with no degradation for over 25 years, making them suitable for the most demanding applications in renewable energy production. Energy storage systems based on Invinity's batteries are safe, reliable, and economical, and range in size from less than 250 kilowatt-hours to tens of megawatt-hours.
Invinity was created in April 2020 through the merger of two flow battery industry leaders: redT energy plc and Avalon Battery Corporation. With over 33 MWh of systems deployed to date across more than 50 sites in 15 countries, Invinity is active in all major global energy storage markets and has operations in the UK, Canada, USA, China and Australia. Invinity Energy Systems plc is listed on the AIM Market of the London Stock Exchange and on the Aquis Stock Exchange (AQSE). The Company trades in the USA on OTCQX under the symbol "IESVF".
To find out more, visit invinity.com or call Investor Relations on +44 (0)204 551 0361.
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