New financing round closed

TwingTec has closed a financing round end of May. Current investors and new angel investors have contributed. Having recently reached the key power production milestone with a small scale prototype, the new funds will enable TwingTec to scale up their system and to demonstrate long term reliability. CEO Rolf Luchsinger says: “ After more than three years of basic technology development this financing round together with financial backing from new grants allows us to start phase II we call the pilot phase. Our main goal in this phase is to demonstrate the long term reliability of our technology. This is the key to a successful execution of the first customer projects which we are currently lining up. With our excellent partners and our great team we are now perfectly lined up to achieve this goal”.

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