The agreement with EKF means that we expect to bring in four to six new customers already during the first year where we previously only dared to hope for one or two
The company Powersense develops advanced supervision and control systems which help power companies worldwide to optimise their electricity network.
The company´s attractive technology has secured Powersense contracts and framework agreements worth more than DKK 1 billion with power companies in among others, Australia, Germany, Holland and China. The orders will be delivered during the next few years.
In order to afford to produce the orders and carry out the pilot programmes and test installations for new customers Powersense needed more liquidity. A typical pilot project in the world of Powersense can easily run up to six months and cost half a million DKK or more which draws heavily on the operating credit.
However, all the efforts that the company had put into product development meant a deficit for Powersense in 2008, 2009 and 2010. Their bank, Nordea, therefore gladly welcomed a solution where the risk could be shared before they could increase the existing credit.