Brief: AlgoWatt Issues New Business Model

algoWatt SpA

05/03/2020 07:23

March 5 (Reuters) - AlgoWatt (Formerly Ternienergia SpA)
 TRNI.MI :
    * ISSUES NEW BUSINESS MODEL FOLLOWING MERGER BETWEEN
TERNIENERGIA
AND SOFTECO
    * COMPANY FOCUSES FOR AROUND 90% ON DIGITAL SOLUTIONS FOR
SUSTAINABLE ECONOMY THROUGH NEW BUSINESS MODEL BASED ON
AS-A-SERVICE SOFTWARE 
    * COMPANY FOCUSES FOR REMAINING 10% ON O&M ACTIVITIES FOR
RENEWABLE ENERGY PLANTS 
    * FOCUSES ON URBAN ENERGY, SUSTAINABLE MOBILITY AND
RESILIENCE OF
ENERGY GRIDS THROUGH 3 BUSINESS UNITS 
    * ISSUES ACTION PLAN FOR 2022 RELAUNCH PLAN
    * RELAUNCH PLAN ENVISIONS PROGRAMME FOR DISPOSAL OF
PHOTOVOLTAIC
AND ENVIRONMENTAL ASSETS, AND MERGER BY INCORPORATION OF SOFTECO
SISMAT INTO TERNIENERGIA 
    * PLAN ALSO ENVISIONS INTEGRATION OF DIGITAL TECHNOLOGIES IN
TRADITIONAL BUSINESSES OF TERNIENERGIA, AND SIMPLIFICATION OF
GROUP STRUCTURE AND FINANCIAL AGREEMENT FOR DEBT RESCHEDULING
PURPOSES


    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIAxk1tg
    
 Further company coverage:  TRNI.MI 
   


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