Sydney, NSW (PRWEB) November 18, 2011
Frontier Solar Restricted (SIM:FSO) a Brisbane, Australia-based solar mounting technologies business with patented styles for decreased installation occasions, high wind resistance and tracking, with an established residential and large-scale international client-base has announced a $ 6m Initial Public Offering (IPO).
The Business?s is the first IPO for the Asia region?s newest stock exchange ? SIM VSE, located in Sydney, Australia ? which is focused on tapping the fast-expanding cleantech sector in the Asia region and attracting international investors.
Frontier Solar?s technologies brand Frontierac is produced by the subsidiary firm based in Shanghai, established in 2005.
Frontier Solar is an expanding and lucrative Australian solar mounting technology company that designs and produces the entire spectrum of mounting systems ranging from rooftop to ground, from fixed installations to solar trackers, from residential to commercial power plants.
The IPO is by way of a Replacement Prospectus dated 8 November 2011, with the intention of listing on the SIM VSE late December 2011.
The IPO is for the concern of 24,000,000 Ordinary Shares at an supply value of $ .25 each to raise a total of $ 6,000,000 with a minimal subscription of $ 4,000,000.
AFS Capital Securities Ltd, trading participant of SIM VSE, undertakes the Lead Manager of this IPO.
Frontier Solar will be the 1st clean tech business to IPO since the passing of the Australian Government?s Clean Energy Future (CEF) package.
Frontier Solar CEO Robin Wu stated the Organization?s technologies is ranked amongst the leading 10 mounting technologies in both Australia and China.
?We have an extensive client-base in the Asia region, Europe, Middle East and the USA and our technologies was recently deployed in the largest commercial solar rooftop installation in China, and the largest in Australia at the University of Queensland ? a 1.two Megawatt facility,? stated Wu. Pictures available http://omc.uq.edu.au/images/SolarLaunchImages
?Frontier Solar is pleased to be the first IPO on SIM VSE. The Exchange brings investors from across the Asia region that comprehend the key role clean technologies will play in our future.?
The Firm?s brand, Frontierac, is an innovative design engineering leader with five patents granted and 4 patents pending.
ENDS
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