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Vela Technologies ( (GB:VELA) ) has shared an update.
Vela Technologies announced that Aeristech Limited, a company in which it holds a small investment, has been placed into administration. Vela’s investment in Aeristech, which specializes in manufacturing power-dense compressors for hydrogen fuel cells, is expected to be written off in the upcoming financial accounts, reflecting the company’s proactive approach to managing its portfolio amidst market challenges.
More about Vela Technologies
Vela Technologies plc is an investing company focused on early stage and pre-IPO long term disruptive technology investments. The company targets investee companies that have developed or are developing technology aimed at disrupting the sectors they operate in, and also invests in listed companies when valuations present opportunities.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.14M
For an in-depth examination of VELA stock, go to TipRanks’ Stock Analysis page.