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HWL Ebsworth advises on the IPO of 1414 Degrees

HWL Ebsworth acted for 1414 Degrees Ltd (ASX:14D), on its $16.3 million IPO and ASX listing, with trading of 14D shares commencing on 12 September 2018. Adelaide-based 1414 Degrees owns a patented Thermal Energy Storage System that utilises temperatures of up to 1414ºC and the latent heat properties of silicon to store and recover heat and electricity for industrial uses.

In 1414 Degree’s media release Executive Chairman, Dr Kevin Moriarty said that “The Company originated in Australia a decade ago, and our technology has long term, worldwide relevance as the adoption of renewable energy increases… This global support has enabled the Company to fund growth and achieve ASX listing from its own investor sources.

The HWL Ebsworth team was led by Kate McKeough (Partner in the Commercial Group), with assistance from Sam Christie (Senior Associate) and Stephanie Kolaczkos (Solicitor).

Kate McKeough commented that “We are delighted to have been able to assist the 1414 Degrees team to achieve this significant milestone, both for 1414 Degrees itself, and in terms of the company’s ability to facilitate the further use of renewable energy nationally and globally. We look forward to the company’s ongoing success in the growing energy storage industry.”

Note to Editors:

HWL Ebsworth is the largest legal partnership in Australia according to the most recent partnership surveys published by The Australian and the Australian Financial Review and is the only commercial law firm with an office in every Australian State and Territory.

The firm comprises 1,240 staff including: 251 Partners, 633 other legal staff and 356 support staff across offices in nine locations – Adelaide, Brisbane, Canberra, Darwin, Hobart, Melbourne, Norwest (North West Sydney), Perth and Sydney.

HWL Ebsworth is an independent, nationally integrated, full service commercial law firm, providing tailored and commercially oriented legal services.

HWL Ebsworth operates a different business model to the other leading national law practices, and this allows us to offer unrivalled value for money without compromising quality and service. Our low ratio of solicitors to partners ensures that our clients receive optimal access to partner resources for all matters.

For further information, please contact:

Russell Mailler, National Marketing Manager (03) 8644 3569 or rmailler@hwle.com.au