TEL AVIV, Israel, Feb. 4, 2019
Electreon Wireless: Develops wireless energy transfer technology that powers vehicles on the move and meets transportation electrification challenges facing countries and cities. We begin coverage with a target price of 25.0 NIS.
TEL AVIV, Israel, Feb. 4, 2019 /PRNewswire/ -- The TASE analysis project was launched in 2016 in order to raise investors' awareness to TASE listed technology and life-science companies and the markets in which these companies operate, thus creating appropriate pricing and increasing the exposure of investors. Its goal is to encourage investments in these companies by improving understanding of their industries and markets.
In order to maintain professional, independent and unbiased analysis, the companies signed an agreement with the TASE to receive the analysis services for an obligatory period of two years. The companies cannot withdraw from the project during this period. The analysis is funded by the companies surveyed along with funding from the Chief Scientist and the TASE.
Summary of Highlights
About the Company - Electreon Wireless LTD. (hereinafter Electreon or the Company) is an Israeli technology company that was established in 2013. In 2017 the Company performed a reverse merger and its shares are currently traded on the Tel Aviv Stock Exchange. The Company is developing an Electric Road System (ERS) aimed at supporting countries and cities in their transition to all-electric transportation. The technology makes use of Dynamic Wireless Power Transfer (DWPT) via electromagnetic fields produced under the roadbed. The Company's shareholders include Dan (a major Israeli bus operator).
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