DJ ROCTOOL: ENRX and ROCTOOL combine their expertise to electrify molds on a global scale
ROCTOOL
ROCTOOL: ENRX and ROCTOOL combine their expertise to electrify molds on a global scale
19-Sep-2023 / 08:00 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
Le Bourget-du-Lac, 19th September 2023 - 8:00am CEST
ENRX and ROCTOOL combine their expertise to electrify molds on a global scale
ENRX and Roctool sign a long-term agreement to offer manufacturers of plastic and composite parts sustainable molding
with the world's most advanced "mold electrification" program.
ENRX, a global green tech company on a mission to speed up the journey for a sustainable future, offers inductive
heating, charging and power transfer with low or no carbon footprint - technologies that provide value in manufacturing
and mobility applications worldwide. ENRX has been supplying key components to Roctool, for its molding technology for
more than 10 years.
Roctool, leader in molding heat and cool technologies, develops unique molding solutions using induction heating mainly
for plastic injection molding and compression molding of composites.
ENRX is well known for its induction expertise in many fields. Induction heating is commonly used by global automotive
brands, major electrotechnical companies, large steel tube and pipe manufacturers and in many other industrial segments
worldwide. One growing segment is heat treatment related to components for renewable energy generation and storage
products. Replacing gas, water or oil heating with induction heating also reduces carbon dioxide emissions.
With this alliance, the two companies are now multiplying efforts on a global scale to combine ENRX unmatched expertise
in sustainable solutions, with state-of-the-art induction heating solutions and Roctool, heat and cool molding
technologies. ENRX gathers more than 1200 patents of induction technologies and is reinforcing Roctool existing patent
portfolio of molding technology by induction for composite and plastics.
ENRX and Roctool now have capabilities to support global manufacturers in their quest of sustainable molding with the
most advanced "mold electrification" program. Plastic parts manufacturers and composite parts manufacturer can now
benefit from such offerings.
ENRX CEO, Bjorn Eldar Petersen comments: "Year after year, Roctool has been growing its number of users thanks to its
molding technology performance. We are now excited to fully support this technology in order to take it to the next
level as we see that the plastic and composite market need efficient molding solutions to reach their sustainability
goals. Mold electrification will become a new standard for many manufacturers."
Roctool CEO, Mathieu Boulanger comments: "This alliance represents a critical step in Roctool progress. We are excited
to work closely with ENRX on a global scale and provide manufacturers the most advanced systems and services for their
heat and cool molding needs".
ENRX and Roctool's alliance will increase technical services and on-site support for Roctool technology existing and
new users, more demonstration and trial capabilities on a global scale, extended technical expertise for new projects
related to heat and cool performance and energy consumption and an improved presence in North America, China and India.
Contact press / Investor relations
Aelium Advisors
Madina TALL
+33 1 75 77 54 65
roctool@aelium.fr
About ENRX: Speeding up the journey - ENRX is a new brand with decades of experience in induction heating, wireless
inductive charging and contactless power supply. We speed up the journey to a sustainable world through smart energy
transfer within manufacturing and mobility. Need to speed up your journey? We are ready when you are.
The year 2022 was the year when EFD Induction and IPT Technology became ENRX. Integrating the two former companies into
one entity was successful, paving the way for strong, profitable growth in the forthcoming years. ENRX has more than
1100 employees worldwide, 25000 installations in 80+ countries, more than 1200 patents of induction technologies and
reaching 157M Euros sales in 2022. Arendals Fossekompani (AFK) is the majority owner of ENRX. AFK is an industrial
investment company holding several energy and technology-related companies which enable the transition to a green
economy. AFK also owns and operates two hydropower plants in Norway. Founded in 1896, AFK has been listed on Oslo Stock
Exchange (OSE) since 1913. Company headquarters are located in Arendal, Norway.
For more information: www.enrx.com/en/Company
About Roctool: Roctool, specializes in rapid heat and cool technologies for plastic injection and composite molding.
The processes developed by Roctool are in production in the following industries: automotive, electronics, consumer
products, renewable energy, beauty packaging and medical. Roctool is an induction molding technology, working with
plastic and composite including recycled materials. Roctool offers Engineering services,induction generators, tooling
hardware and on-site support to manufacturers around the globe. Roctool technologies are well known for removing
secondary operations which enable manufacturers to reduce the overall cost of the parts produced, as well as their
environmental impact. Headquarters are found in Le Bourget-du-Lac (France), Roctool is present in the USA, China, Japan
and Germany.
For more information: www.roctool.com
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Regulatory filing PDF file
File: ENRX and ROCTOOL combine their expertise to electrify molds on a global scale
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Language: English
Company: ROCTOOL
Savoie Technolac Modul R
73370 LE BOURGET DU LAC
France
Internet: www.roctool.com
ISIN: FR0010523167
Euronext Ticker: ALROC
AMF Category: Inside information / Other releases
EQS News ID: 1728751
End of Announcement EQS News Service
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1728751 19-Sep-2023 CET/CEST
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September 19, 2023 02:00 ET (06:00 GMT)
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