UK's Libertine Holdings rises on term sheet with Azelio

Libertine Holdings

16/02/2023 12:26

** Shares of linear generator developer Libertine Holdings
 LIBL.L  up as much as 11.8% to 21.8p 
    ** Co signs term sheet with Sweden-based cleantech co Azelio
AB
    ** Libertine, Azelio to jointly integrate and licence LIBL's
HEXAGEN platform for energy storage applications
    ** LIBL, Azelio had been evaluating the use of HEXAGEN
platform since 2020 to enhance Azelio's energy storage system 
    ** Upon establishment of license agreement the platform will
be used for Azelio's product development, pilot and commercial
sale
    ** Shares up 39.3% YTD after falling 55.4% last year
 (Reporting by Anchal Rana in Bengaluru)
 ((Anchal.Rana@thomsonreuters.com; +91 9915609050;))