WSE passed a resolution to introduce Eco5tech shares to trading on NewConnect
On 21 December 2021, the Warsaw Stock Exchange passed a resolution to introduce ordinary bearer series B and C shares of Eco5tech to the alternative trading system on the NewConnect market. Persuant to the announcements, the debut will take place in the beginning of 2022.
The Eco5tech debut will be the culmination of the entire process of taking the company public. I am very proud that we have passed the stock exchange verification so smoothly. We expect the debut to take place in January, and we will learn the exact date soon. I think that as a company providing Proptech solutions we will largely differ from other issuers. Our projects are highly innovative and we hope that this potential will be noticed by investors. – said Alicja Gackowska, CEO of Eco5tech.
The Company’s revenue value is growing by leaps and bounds. In 2018, the company had sales revenues of PLN 1.5 million. Whereas in 2020, the revenue level amounted already to PLN 6.5 million , which translated into PLN 2.4 million EBIT and almost PLN 2 million of net profit.
In the passing year, Eco5tech also focused on the development of proprietary projects in the field of PropTech. At present, the Company is finalizing work on a device that is intended for local collection, recording and analysis of data from devices belonging to one building, installation or switch room. MCA5tech (Media Consumption Analyzer) is an autonomous device that enables both acquisition, archiving, data processing and presentation of the analysis results.
The second innovative project Eco5tech is currently working on is an intelligent building management system in the pandemic era. It is a system that will be able to be used in the construction in terms of epidemiological analysis with regard to disinfection, air exchange, optimization of movement in the facility of the main users and guests. This solution was appreciated at the Proptech Fesival 2021 competition and was placed among the 10 best innovations for real estate.