Solar energy technology company SwissINSO closes debt financing

26 February 2010

Solar energy technology company SwissINSO Holding has successfully raised $5.585m in debt financing from both private and institutional investors.

The financing consists of nine percent secured convertible notes and five-year warrants. SwissINSO said that it is confident that this capital will be sufficient to fund general business activities and initiatives in line with its current growth objectives. However, the company’s objective is to continue the current financing until it has raised at least $10m.

Michel Gruering, chairman and president of SwissINSO, said, ‘We are very pleased to have successfully completed this round of financing. Aside from putting the company on a strong financial footing, the capital raise is a testament to the confidence our investors have in our company, its distinctive products and solutions, and our ability to execute on our business plan.’

SwissINSO, located in Lausanne, Switzerland, utilises its intellectual property assets to provide environmentally friendly, innovative solar energy solutions and related technology to meet growing global needs.

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Tags: solar

This story was published on Friday, February 26th, 2010 at 11:51 am and is filed under Europe, deals, solar. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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