THE MIRROR OF MEDIA

Solar panel cleaner RST files for TASE IPO


RST Cleantech will likely be competing with three different Israeli corporations concerned in cleansing photo voltaic panels which are buying and selling on the TASE.


Israeli photo voltaic panel cleansing providers firm RST Cleantech has filed a prospectus for an Preliminary Public providing (IPO) on the Tel Aviv Inventory Change (TASE).

No monetary particulars had been offered however in March, gasoline supplier and fuel station chain Sonol, managed by Dudi Weissman, invested NIS 15 million in RST Cleantech at an organization valuation of NIS 130 million. Sonol at the moment has a ten% stake in RST. Extra just lately Israel Canada (TASE: ISCN), headed by CEO Barak Rosen and chairman Asaf Tuchmair invested Nis 5 million in RST Cleantech at an organization valuation of NIS 150 million, and holds a 3% stake.

RST will likely be competing with three different Israeli corporations concerned in cleansing photo voltaic panels which are buying and selling on the TASE and have all seen their share value having fallen since their IPO – Ecoppia (TASE: ECPA), Airtouch (TASE: ARTS), and Bladeranger (TASE: BLRN).

RST Cleantech, which was based in 2013 by Shani Bakaliar and CEO Roy Sade, has developed superior computerized methods for cleansing photovoltaic photo voltaic panels and installations. RST makes use of handled water, which has undergone filtration to take away particles liable to trigger scale or corrosion on the photo voltaic panels. Not like its rivals it doesn’t use robots to wash the panels though the system is automated.

RST Cleantech operates primarily in Israel but in addition has actions within the US and Chile.

Printed by Globes, Israel enterprise information – en.globes.co.il – on August 8, 2021

© Copyright of Globes Writer Itonut (1983) Ltd. 2021





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