Italy Innovazioni S.p.A. gets listed on the Euronext Access+ list of the Paris stock exchange. A new goal for Hide, the smart 100% made in Italy recessed electric outlet.
Rome, 30th January 2019 – Italy Innovazioni S.p.A. (“the company”) discloses having obtained from Euronext N.V. (“Euronext”) the admission to listing of their ordinary shares (“the shares”) on the Euronext Access+ market (“Access+” o “the market”) of the Paris stock exchange.
The IPO covers 3,823,190 shares with an initial value of € 2.88; the stock, identified on the market by the identifier MLITN, will debut on the French market on January 31, 2019, with CEO Giorgio Rende who will officiate the traditional bell ceremony.
The Cd.A. of the Company had approved the listing during the last quarter of 2018 in order to enhance its intellectual property assets in the field of electrical devices and promote their commercial development through partnerships with global manufacturers.
The Company has chosen Euronext Access + due to the specific attention of the French market to startups and innovative SMEs.
The flagship product of Italy Innovations is Hide, the first and only “smart” electric outlet in the world that has sold over 1 million pieces in Italy and Europe and whose American version was presented at CES 2019 in Las Vegas together with an innovative system that brings the artificial intelligence of Google Home and Amazon Alexa onboard the electrical outlet.
Through this system, patented by Italy Innovazioni, it is possible to use the home electrical system to fully realize the concept of Ambient Computing pursued by the major Internet Companies in the world.
Italy Innovazioni holds 34 global patents regarding Hide, its operation and its design model. The history of Italy Innovations is an Italian success, starting from an idea of Giorgio Rende, an engineer from Corigliano Calabro in the southern region of Calabria, who created a successful product that has crossed the Atlantic Ocean and now accesses the international financial markets.
Giorgio Rende, CEO of Italy Innovazioni S.p.A., said “Our company has reached a level of maturity that pushes us to take the next step. Going forward always implies making a decision and deciding to be listed on the Euronext exchange in Paris seems to be the right decision for our stakeholders and for the success of our Smart Home project.
We have had a very rapid growth up to here, we will continue on this path.