Discusses recent developments in the company and goals going forward
Dear Shareholders,
Thank you for your support of the company, its technology, and the vision of a clean, pollution-free world.
In
All these steps are aimed at supporting the production and distribution of the Aquarius Generator as early as this year.
The Aquarius generator is 1.2 meters long and 0.8 meters wide (euro pallet size), powered by LPG, and is expected to operate on CNG and hydrogen in the near future. This unit provides 150 kW and is significantly smaller than competing products. Moreover, the Aquarius product is modular, allowing multiple units to be connected to achieve higher capacities, with remote monitoring and control capabilities.
The company's technological development is based on a decade of research, tens of thousands of engineering hours, and an investment of over
The first generators are intended for demonstrations and field trials expected to take place this year with leading global customers. These products will initially operate on LPG, with future options for CNG and hydrogen. The system's size and weight make it suitable for deployment in challenging locations such as airports, parking lots, ports, and data centers—these being the first markets where the system is expected to be installed.
The first systems are designated for the electric vehicle charging market and will be installed for one of the world's largest car rental companies, fleet operators with over a million vehicles, and at the
Aquarius developed a generator based on a linear engine (16 kW) designed for the telecom market for dense 5G deployment. However, the COVID-19 pandemic, rising interest rates, and other factors slowed the deployment, changing procurement plans as the market shifted to higher power capacities and delayed the transition to green fuels. Consequently, these markets have been given secondary priority in the company, with a current focus on markets with rigid demand.
Aquarius has not abandoned its additional target markets—light aviation engines and charging systems for marine vessels. However, at this time, Aquarius is focusing on the successful production and deployment of the 150 kW Aquarius generator.
We are determined to achieve the goals we have set and greatly value the trust you, our shareholders, have in us. Your investment is not taken for granted, especially during challenging times like these, and we truly appreciate it.
As CEO, I see myself and the entire company as committed to its success and to creating value for our investors.
It is important to emphasize that the continued development of the company and the realization of its business strategy depend on fundraising, which is uncertain. The company's forecasts and plans detailed above—including the completion of the
Sincerely,
Founder and CEO
About
Aquarius has been traded on the Tel Aviv Stock Exchange since
The Aquarius engine is a small, lightweight engine with only one moving part, offering high power output and efficiency relative to its size and weight. This, combined with its ability to operate on a wide range of synthetic and green fuels, provides a significant competitive advantage. The company's initial target market is the telecom sector, collaborating with leading companies in the backup power industry for telecom towers. Aquarius' green generator, based on its core technology, can run on various fuels such as hydrogen, E85 ethanol, methanol, and LPG.
Looking ahead, Aquarius plans to supply its engines for truck power units, aviation, marine, and defense applications, as well as range extenders for the automotive industry. The company operates research and development centers in
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Contact: odedm@aquariusengines.com
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