Read the press release in PDF format (in italian)
REDELFI ANNOUNCES NEW MANAGING DIRECTOR FOR SUBSIDIARY ENGINIUS IN ORDER TO COMMERCIALIZE ITS NEW JARIONS PRODUCT
Milan, August 20, 2024
Redelfi S.p.A. (“Redelfi” or the “Company“), a company heading the industrial group of the same name with operational headquarters in Genoa – engaged in the development of innovative and sustainable infrastructures to facilitate the energy transition, and listed on the Euronext Growth Milan segment of the Italian Stock Exchange, announces the entry, in September 2024, of Eng. Elisabetta Migone to the board of directors of the subsidiary Enginius S.r.l. (“Enginius“) as CEO, with the task of bringing tits new product Jarions to the market, which is a piece of software capable of thanks to the application of Artificial Intelligence (“AI“), aggregating and organizing content from various channels, making all types of digital communication more usable through a single platform.
Unveiled to the market during the IPO, Jarions has reached an advanced stage of development in two years and is now close to market readiness with various AI applications, signaling Enginius’ transformation from a consulting company to a product company. This significant transition necessitates the input of Eng. Migone, whose role will not only be to lead the upcoming commercialization of Jarions, but also to pursue a spin-off process for Enginius and develop the application of AI in the energy market as well. As an additional bonus, Eng. Migone has a 5% stake in the share capital of Enginius, distributed over the course of 5 years.
With extensive experience in the IT industry and proven leadership skills, Eng. Migone was chosen to guide Enginius toward a new phase of growth, preparing the company for the possibility of an independent path; with this in mind, Enginius’ revenues were not included in the 2023-2026 Business Plan, presented to the market last December (ref. pr Dec. 11, 2024).
After getting an engineering degree from the University of Genoa and her initial work experience in engineering and start-up and business incubation project development, Eng. Migone held senior positions as a Research Manager at the Technology Transfer Department of the Italian Institute of Technology, dealing specifically with business creation, startup management and monitoring, and new business project development. She also co-founded Talent Garden Genova, the Genoa branch of one of Europe’s leading coworking and training platforms dedicated to digital innovators, which she also led as CEO. Eng. Migone, who is currently serving on Redelfi’s Board of Directors as an Independent Director, will resign from the aforementioned position as a result of joining Enginius’ Board of Directors as CEO, as the independence requirements are no longer met. Redelfi is currently engaged in the selection of a new Independent Director, whose appointment is expected by September, in any case after the approval of the consolidated half-year financial report as of June 30, 2023.
Davide Sommariva, Chairman of the Board of Directors of Redelfi S.p.A. commented, ” At the IPO stage, we presented ourselves to the market with two major commitments: the first regarding the development of stand-alone Battery Energy Storage System, and the second regarding the creation of Enginius’ Artificial Intelligence-based products. Now that Jarions is ready, we are pleased to say that we have fulfilled both the first and second commitments made to the market, and we are confident that Eng. Migone will be key to the commercialization process of Jarions. Eng. Migone’s experience and expertise in the IT sector will guide Enginius into a new phase of growth and evolution as a true product company. ”
This press release is available on the website www.redelfi.com, Investor Relations section > Press releases and at www.1info.it.
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Redelfi is the parent company of the Redelfi Group active in the digital and green transition by taking a highly innovative approach to defining products, services and processes with a strong focus on adherence to ESG principles in business management. In the financial year 2023, the Group achived a Production Value of Euro 11 million and a Net Profit of Euro 3 million. The Net Financial Position is cash negative in the amount of Euro 4.8 million and the Net Equity is Euro 25 million.
Contacts:
ISSUER
Redelfi | Investor Relations Manager | Erika Padoan | investor-relations@redelfi.com | T: +39 320 7954739 | via A. Scarsellini, 119 Torre B “I Gemelli” 11 floor, 16149 Genoa, Italy
Redelfi | Media Relations | Carolina Beretta | carolina.beretta@redelfi.com | via A. Scarsellini, 119 Torre B “I Gemelli” 11 floor, 16149 Genova
INVESTOR FINANCIAL MEDIA RELATIONS
IR Top Consulting | Investor Relations | ir@irtop.com | T: + 39 02 4547 3884/3 | Via Bigli, 19 – 20121 Milan, Italy
IR Top Consulting | Media Relations | d.gentile@irtop.com | T: + 39 02 4547 3884/3 | Via Bigli, 19 – 20121 Milan
EURONEXT GROWTH ADVISOR
Integrae SIM | info@integraesim.it | T: +39 02 96846864 | Piazza Castello, 24 – 20121 Milan
