As communicated in a regulatory press release earlier today, JonDeTech Sensors AB (publ) has entered into a term sheet agreement with Jiuyou Fund, a major Chinese investment fund, aiming at an investment of SEK 40 million between now and the end of April.
Jiuyou Fund is not only a provider of capital, but they also focus on companies and technologies with viable projects and core IP rights where their expertise can help companies create value. In addition to its investor capability, Jiuyou also manages an innovation industry incubation cluster, whereby it operates five tech-focused acceleration centers across the country. Jiuyou Fund may potentially also provide valuable assistance to JonDeTech in areas such as:
· Major State-owned Enterprise (SoE) relations establishment and support;
· Government public relations co-ordination;
· Other hands-on business-related matters; and
· Government special support and innovation and technological funding applications
The Chairman and CEO of the fund, Mr. Frank Liu, is a former high-ranking official in Shanghai City. Throughout his successful state and business career, Mr. Frank Liu has specialized in, and been responsible for, technology incubation and technology economy program management. Mr. Liu is also an active investor and founder of numerous tech ventures in Chinese “Silicon Valleys”, such as the largest in the Shanghai region and the entire Southern China, Shanghai Zhangjiang Science Park. Through his commitment to the investment in JonDeTech, Frank Liu will contribute to attract the attention of various new stakeholders and raise the profile of the company in both already ongoing processes and future prospective ones.
Frank Liu, Chairman and CEO Jiuyou Fund says: “We are particularly interested in JonDeTech’s nano-technology knowledge and their enabled sensor offer and are convinced of its potentially broad horizon applications. We also appreciate JonDeTech’s long term business view, from the early nanotech research up until the current commercialization. And thus, together we will make sure that the company will leave a strong footprint in China and Asia, and look forward to the company’s organic growth at its respective industrial verticals.”
Per Lindeberg, CEO JonDeTech says: “I am delighted that we are about to welcome Jiuyou Fund on board as a significant shareholder in JonDeTech. Jiuyou fulfills all the criteria established for our ideal prospective strategic investment partner under the company’s new Go-to-Market strategy. This marks the beginning of a partnership that will significantly facilitate market penetration of JonDeTech’s disruptive technology and generate substantial value to JonDeTech shareholders.”
