CEO Letter- Aquarius Engines Ltd.
Aquarius Engines (TASE: AQUA) has undergone significant changes, including management replacement in December 2024 and organizational restructuring. The company secured a $10 million investment agreement and is pursuing additional funding while working towards a Nasdaq listing.
The company's main product, the Aquarius Generator, measures 1.2x0.8 meters and delivers 150 kW power output. Initially running on LPG, it will support CNG and hydrogen in the future. The technology is based on a decade of research, $120 million investment, and holds dozens of patents.
Field trials are planned this year with major customers, including a leading car rental company and the Port of Long Beach. While the company previously developed a 16 kW generator for telecom markets, market shifts have led to prioritizing higher power capacity markets. The company maintains its aviation and marine vessel charging systems goals but is currently focused on the 150 kW generator deployment.
Aquarius Engines (TASE: AQUA) ha subito cambiamenti significativi, inclusa la sostituzione della direzione nel dicembre 2024 e una ristrutturazione organizzativa. L'azienda ha ottenuto un accordo di investimento di 10 milioni di dollari e sta cercando ulteriori finanziamenti mentre lavora per una quotazione al Nasdaq.
Il prodotto principale dell'azienda, il Generatore Aquarius, misura 1,2x0,8 metri e offre una potenza di 150 kW. Inizialmente alimentato a GPL, supporterà in futuro il CNG e l'idrogeno. La tecnologia si basa su un decennio di ricerca, un investimento di 120 milioni di dollari, e detiene decine di brevetti.
I trial sul campo sono previsti per quest'anno con clienti importanti, inclusa una rinomata compagnia di autonoleggio e il Porto di Long Beach. Sebbene l'azienda avesse precedentemente sviluppato un generatore da 16 kW per il mercato delle telecomunicazioni, i cambiamenti del mercato hanno portato a dare priorità ai mercati con capacità di potenza superiore. L'azienda mantiene gli obiettivi per i sistemi di ricarica per l'aviazione e le imbarcazioni, ma attualmente è concentrata sul dispiegamento del generatore da 150 kW.
Aquarius Engines (TASE: AQUA) ha experimentado cambios significativos, incluida la sustitución de la dirección en diciembre de 2024 y una reestructuración organizativa. La empresa aseguró un acuerdo de inversión de 10 millones de dólares y está buscando financiamiento adicional mientras trabaja para una cotización en Nasdaq.
El producto principal de la empresa, el Generador Aquarius, mide 1.2x0.8 metros y ofrece una potencia de 150 kW. Inicialmente funcionando con GLP, en el futuro soportará CNG e hidrógeno. La tecnología se basa en una década de investigación, una inversión de 120 millones de dólares y posee docenas de patentes.
Se planean pruebas de campo para este año con importantes clientes, incluyendo una destacada compañía de alquiler de autos y el Puerto de Long Beach. Aunque la empresa había desarrollado anteriormente un generador de 16 kW para mercados de telecomunicaciones, los cambios en el mercado han llevado a priorizar mercados de mayor capacidad de potencia. La empresa mantiene sus objetivos para los sistemas de carga de aviación y embarcaciones, pero actualmente se centra en el despliegue del generador de 150 kW.
아쿠아리우스 엔진스 (TASE: AQUA)는 2024년 12월 경영진 교체와 조직 재구성을 포함한 중대한 변화를 겪었습니다. 회사는 1천만 달러의 투자 계약을 확보했으며 나스닥 상장을 목표로 추가 자금을 모색하고 있습니다.
회사의 주요 제품인 아쿠아리우스 발전기는 1.2x0.8미터 크기로 150kW의 전력을 제공합니다. 처음에는 LPG로 작동되며, 향후 CNG와 수소를 지원할 예정입니다. 이 기술은 10년간의 연구와 1억 2천만 달러의 투자에 기반하며, 수십 개의 특허를 보유하고 있습니다.
올해 주요 고객들과의 현장 시험이 계획되어 있으며, 여기에는 주요 차량 렌탈 회사와 롱비치 항구가 포함됩니다. 회사는 이전에 통신 시장을 위한 16kW 발전기를 개발했으나, 시장 변화로 인해 더 높은 전력 용량 시장에 우선순위를 두게 되었습니다. 회사는 항공 및 해양 선박 충전 시스템 목표를 유지하고 있지만, 현재는 150kW 발전기 배치에 집중하고 있습니다.
Aquarius Engines (TASE: AQUA) a subi des changements significatifs, y compris un changement de direction en décembre 2024 et une restructuration organisationnelle. L'entreprise a sécurisé un accord d'investissement de 10 millions de dollars et cherche un financement supplémentaire tout en travaillant vers une cotation au Nasdaq.
Le principal produit de l'entreprise, le Générateur Aquarius, mesure 1,2x0,8 mètres et délivre une puissance de 150 kW. Initialement fonctionnant au GPL, il supportera à l'avenir le CNG et l'hydrogène. La technologie repose sur une décennie de recherche, un investissement de 120 millions de dollars et détient des dizaines de brevets.
Des essais sur le terrain sont prévus cette année avec des clients majeurs, y compris une entreprise de location de voitures de premier plan et le port de Long Beach. Bien que l'entreprise ait précédemment développé un générateur de 16 kW pour les marchés des télécommunications, les changements de marché ont conduit à prioriser les marchés à capacité de puissance plus élevée. L'entreprise maintient ses objectifs pour les systèmes de recharge aéronautique et maritime, mais se concentre actuellement sur le déploiement du générateur de 150 kW.
Aquarius Engines (TASE: AQUA) hat bedeutende Veränderungen durchlaufen, einschließlich des Managementwechsels im Dezember 2024 und einer organisatorischen Umstrukturierung. Das Unternehmen sicherte sich eine Investitionsvereinbarung über 10 Millionen Dollar und strebt zusätzliche Finanzierung an, während es auf eine Nasdaq-Notierung hinarbeitet.
Das Hauptprodukt des Unternehmens, der Aquarius Generator, misst 1,2x0,8 Meter und liefert eine Leistung von 150 kW. Zunächst mit LPG betrieben, wird er in Zukunft auch CNG und Wasserstoff unterstützen. Die Technologie basiert auf einem Jahrzehnt Forschung, 120 Millionen Dollar Investition und hält Dutzende von Patenten.
In diesem Jahr sind Feldversuche mit wichtigen Kunden geplant, darunter ein führendes Autovermietungsunternehmen und der Hafen von Long Beach. Obwohl das Unternehmen zuvor einen 16 kW Generator für den Telekommunikationsmarkt entwickelt hatte, haben Marktveränderungen dazu geführt, dass höhere Leistungskapazitäten priorisiert werden. Das Unternehmen verfolgt weiterhin seine Ziele für Ladesysteme in der Luftfahrt und für Marinefahrzeuge, konzentriert sich jedoch derzeit auf die Einführung des 150 kW Generators.
- Secured $10 million investment agreement
- Progress towards Nasdaq listing
- Planned deployment with major customers including large car rental company
- Technology backed by $120 million investment and multiple patents
- Product offers 150 kW output in compact form factor
- Needed management replacement and restructuring
- Requires additional fundraising for operational plans
- Shifted focus away from initial telecom market due to market conditions
- Success dependent on uncertain fundraising efforts
Discusses recent developments in the company and goals going forward
Dear Shareholders,
Thank you for your support of the company, its technology, and the vision of a clean, pollution-free world.
In December 2024, the company's management was replaced. Together with employees in
All these steps are aimed at supporting the production and distribution of the Aquarius Generator as early as this year.
The Aquarius generator is 1.2 meters long and 0.8 meters wide (euro pallet size), powered by LPG, and is expected to operate on CNG and hydrogen in the near future. This unit provides 150 kW and is significantly smaller than competing products. Moreover, the Aquarius product is modular, allowing multiple units to be connected to achieve higher capacities, with remote monitoring and control capabilities.
The company's technological development is based on a decade of research, tens of thousands of engineering hours, and an investment of over
The first generators are intended for demonstrations and field trials expected to take place this year with leading global customers. These products will initially operate on LPG, with future options for CNG and hydrogen. The system's size and weight make it suitable for deployment in challenging locations such as airports, parking lots, ports, and data centers—these being the first markets where the system is expected to be installed.
The first systems are designated for the electric vehicle charging market and will be installed for one of the world's largest car rental companies, fleet operators with over a million vehicles, and at the Port of Long Beach to support the energy needs of the port's electrification (cranes, transport vehicles, etc.).
Aquarius developed a generator based on a linear engine (16 kW) designed for the telecom market for dense 5G deployment. However, the COVID-19 pandemic, rising interest rates, and other factors slowed the deployment, changing procurement plans as the market shifted to higher power capacities and delayed the transition to green fuels. Consequently, these markets have been given secondary priority in the company, with a current focus on markets with rigid demand.
Aquarius has not abandoned its additional target markets—light aviation engines and charging systems for marine vessels. However, at this time, Aquarius is focusing on the successful production and deployment of the 150 kW Aquarius generator.
We are determined to achieve the goals we have set and greatly value the trust you, our shareholders, have in us. Your investment is not taken for granted, especially during challenging times like these, and we truly appreciate it.
As CEO, I see myself and the entire company as committed to its success and to creating value for our investors.
It is important to emphasize that the continued development of the company and the realization of its business strategy depend on fundraising, which is uncertain. The company's forecasts and plans detailed above—including the completion of the
Sincerely,
Gal Fridman
Founder and CEO
About Aquarius Engines Ltd.
Aquarius Engines is an energy company developing and manufacturing small-scale power generation engines based on groundbreaking technology. The company holds approximately 44 registered patents in the
Aquarius has been traded on the Tel Aviv Stock Exchange since December 2020. Its shareholders include, among others, Japanese Tier 1 automotive companies such as TPR, a leading piston manufacturer, and MUSASHI, partially owned by Honda, as well as major institutional investors in
The Aquarius engine is a small, lightweight engine with only one moving part, offering high power output and efficiency relative to its size and weight. This, combined with its ability to operate on a wide range of synthetic and green fuels, provides a significant competitive advantage. The company's initial target market is the telecom sector, collaborating with leading companies in the backup power industry for telecom towers. Aquarius' green generator, based on its core technology, can run on various fuels such as hydrogen, E85 ethanol, methanol, and LPG.
Looking ahead, Aquarius plans to supply its engines for truck power units, aviation, marine, and defense applications, as well as range extenders for the automotive industry. The company operates research and development centers in
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Contact: odedm@aquariusengines.com
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SOURCE Aquarius Engines
FAQ
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