In order to finance the Phase 2 investment of Pomega Energy Storage Technologies Inc, which is a Kontrolmatik subsidiary, 10 years tenor-60 million USD of investment loan and 20 million USD of working capital loan, in total 80 million USD of loan agreements have been signed between TSKB (Industrial Development Bank of Turkey), Vakifbank and Pomega, today. Pomega is Turkey's first private sector prismatic lithium-ion battery cell, battery and energy storage products giga production factory and has already completed its Phase 1 investment.
This disclosure is available in English and in case of any discrepancies between the Turkish and English versions of this disclosure, the Turkish version shall prevail.
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