Connec Limited Off Market investment via a Trust
*Wholesale Only
Connec is an Australian company that developed the world’s first non-metallic, polymer-constructed high-voltage coupler system (HVCS). Coupler systems are needed to connect and terminate the industrial grade cables that transmit the power required to operate heavy machinery in industries such as underground and surface mining.
Innovation in a stagnant industry
The global coupler, or connector, industry is currently worth an estimated $4.4 billion but has been starved of innovation for ~50 years. Conventional connectors are bulky, heavy and made using highly conductive metals. They require extensive manpower, are expensive to maintain and dangerous to handle – especially in explosive atmospheres with high cable failure rates potentially leading to significant mine downtime.
Connec’s HVCS is up to 50% lighter, safer (double insulated) and 40% more efficient than competing systems, and the only one that offers data transfer capabilities within the same cable system as electricity. Connec’s systems can reduce the risk of cable faults by more than 26% and the likelihood of joint failures, termination failures and installation defects by 67%. New cables can be connected in ~90 minutes instead of up to 24 hours as with conventional connectors.
Connec, who has developed and commercialised the most economical and safest high voltage connector systems (HVCS) in the world that also incorporates fibre optic data transmission, has bolstered their North American consortium, and secured a significant $6 million letter of intent in Australia.
Investment Highlights
The Trust will use the funds raised under Tranche 9 to purchase shares from an existing shareholder, this tranche will not introduce new funds to Connec.
- The principal amount invested will be up $2,400,000
- Shares will be purchased at $20 per share
- All units in the Trust will be issued on the basis of 1 unit per $1
Product Overview
The Lightest, Safest, and most Economical medium voltage coupler system in the world, designed to:
- Enable remote and condition monitoring of machine operations in medium voltage and hazardous applications.
- Generate significant improvements in efficiency and productivity, while increasing safety and sustainability.
- Utilising proprietary insulating polymer technology.
- Integrating data connectivity through the connector systems.
The worlds first three phase medium voltage connector system with integrated multi-channel, single mode fibre optics:
- Standardised across Bolted and Restrained systems
- Operating within the connector system.
- Enabling fully contained high bandwidth “plug and play” power and data cabling.
- Transferring large volumes of real-time data for collection and condition monitoring.
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*Wholesale 708 Sophisticated Investors are individuals or entities who generally qualify under Sections 708(8) and s761G(7) of the Corporations Act based on the gross income and/or net assets test verified by a qualified accountant.
- A gross income of $250,000 or more per annum in each of the previous two financial years; or
- Net assets of at least $2.5 million; and
- A verified Qualified Accountant’s certificate given no more than two (2) years ago confirming the Sophisticated Investor status. Please refer to the Corporations Act: Specifically Section 708(08) and Section s761G(7)
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