EP&T Global secures funding

EP&T Global (ASX:EPX) has successfully raised $1 million through a private placement of new shares. The funds will support the company's growth strategy, following its recent acquisition of Coda Cloud's technology and assets. Australian Ethical Emerging Companies Fund has committed to contributing 50% of the total amount.

Strategic growth and future outlook

EP&T Global (ASX:EPX) has secured $1 million through a private placement, with significant backing from the Australian Ethical Emerging Companies Fund. This capital injection will fuel sales growth and the integration of Coda Cloud's technology, a vital component of EP&T's expansion strategy. The acquisition of Coda Cloud enhances EP&T's capacity to serve industrial property owners, particularly in the UK market, where over 200 sites already utilize this technology. The company's focus on sustainability through reducing CO2 emissions and achieving cost savings aligns with the increasing demand for energy optimization. EP&T is poised to leverage this technology to expand its presence in the industrial building sector, capitalizing on the growing need for efficient energy solutions.

Executive insights from EP&T Global

The institutional support we have received is a testament to the strategic importance of our recent acquisition of Coda Cloud’s technology. This acquisition marks a significant step into a new market segment for EP&T, enhancing our ability to assist clients in meeting their sustainability goals.