DJ 2CRSi SA: Update on Blade's situation.
2CRSi SA
2CRSi SA: Update on Blade's situation.
03-May-2021 / 08:30 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Press release
Update on Blade's situation
- Bid by Octave and Miroslaw Klaba, through the company hubiC, accepted by the Paris Commercial Court
- Sale of the property rights on part of the equipment used by Blade for an amount of EUR10.5 million
- Recovery of equipment from contracts started in 2020
Strasbourg (France), 3 May 2021 - 2CRSi (ticker: 2CRSI, ISIN: FR0013341781), a designer and manufacturer of
high-performance, energy-efficient IT servers, shares the latest developments on Blade's situation.
In its decision dated April 30, 2021, the Paris Commercial Court designated hubiC, chaired by OVHcloud founder Octave
Klaba, as the buyer of Blade SAS activities.
2CRSi, a long-time partner of OVHcloud, entered into an agreement with hubiC prior to this decision. As part of this
agreement, the two companies agreed that:
- 2CRSi sells hubiC its rights to the hardware provided to Blade SAS or Blade Global Corp under all contracts prior
to December 31, 2019 in return for a cash payment of EUR10.5 million (excl. VAT). This amount is in line with the
Group's expectations,
- hubiC is committed to facilitating the return of the remaining equipment from the 2020 contracts, most of which is
located in the United States. For information, the historical order value of the equipment to be returned is USD19.5
million (approximately EUR16.2 million).
In the current context of a global shortage of electronic components, the 2CRSi Group is already in discussion with
several customers interested in acquiring this equipment as soon as it becomes available.
"For 2CRSi, the end of the Blade adventure marks the end of a chapter in which we have invested a lot of time and
effort. We would like to thank Blade's teams who, since 2017, have trusted us to develop for them an infrastructure
worthy of internet giants, allowing us to demonstrate our know-how. We are delighted that hubiC has taken over Blade's
business. From the beginning, we believed in the global technological advance that Shadow's cloud computing system
represented. This innovation will now allow hubiC to build a new European office suite in the cloud " says Alain
Wilmouth, co-founder and president of 2CRSi, delighted.
Next event: fiscal year 2020/2021 annual results on May 31, 2021, after trading.
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About 2CRSi
Founded in Strasbourg (France), 2CRSi group develops, produces and sells high-performance customised and
environment-friendly servers. In the financial year 2020/2021, the Group achieved turnover of EUR164m. The Group today
has approximately 350 employees and markets its offer of innovative solutions (processing, storage and network) in more
than 50 countries. 2CRSi has been listed since June 2018 on the regulated market of Euronext in Paris (ISIN Code:
FR0013341781) and is included in the European Rising Tech label. For further information please visit: www.2crsi.com
Contacts
2CRSi Actifin Actifin
Marie de Lauzon Simon Derbanne Jennifer Jullia
COO Financial Communication Financial PR
investors@2crsi.com sderbanne@actifin.fr jjullia@actifin.fr
+33 3 68 41 10 70 +33 1 56 88 11 14 +33 1 56 88 11 19 ----------------------------------------------------------------------------------------------------------------------- Regulatory filing PDF file File: 2CRSi - Update on Blade's situation EN
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Language: English
Company: 2CRSi SA
32, rue Jacobi-Netter
67200 Strasbourg
France
Phone: +33 3 68 41 10 70
E-mail: investors@2crsi.com
Internet: www.2crsi.com
ISIN: FR0013341781
Euronext Ticker: 2CRSI
AMF Category: Inside information / Other releases
EQS News ID: 1191467
End of Announcement EQS News Service
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1191467 03-May-2021 CET/CEST
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May 03, 2021 02:31 ET (06:31 GMT)
