Cold Energy Technology
By Cold Energy Technology
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NZ $176,733 pledged
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NZ $497,500 minimum target
This campaign failed to reach its target by 09/09/2021 at 10:00 AM (NZST) and is now closed.
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Cold Energy Technology
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The Eco2Dairy product, by Cold Energy Technology, is a revolution in on-farm milk cooling systems for dairy farmers. We have created a world first: an on-farm milk cooling system for dairy farmers, which uses natural refrigerants to cool milk and heat water.
The product, Eco2Dairy, is the result of more than a decade's worth of dedication and effort to improve how we do cooling: after stepping in to help a dairy farmer mate, Matthew thought that there must be a better way. Fast-forward to today and the seventh generation Eco2Dairy system costs less to operate while exceeding all cooling compliance requirements, delivering better-quality milk. Unlike conventional systems milk is delivered almost instantly into the vat at 2 degrees, while providing free hot water at 80 degrees with no extra electricity, while the patented natural refrigerant design means Eco2Dairy has a lower emissions profile than any cooling solution on the market globally. We have created a product that is better for the milk quality, better for farmers, and better for the environment: and it is the first in the world.
We have worked hard to bring cooling into the 21st Century for our farming communities and we are excited to present this share offer to you to become a part of this journey. We are now ready to scale Cold Energy Technology Ltd and to take this innovative technology global. The Eco2Dairy product has been in development for many years, under the umbrella of Cold Energy Technology (CET). CET is a sister company of the EcoChill industrial refrigeration business.
Cold Energy Technology & Eco2Dairy
The Eco2Dairy product has been in development for many years, under the umbrella of Cold Energy Technology (CET). CET is a sister company of the EcoChill industrial refrigeration business. Through trial and error, and perseverance, a working model of a high performance, all-natural refrigerant, milk cooling solution for the on-farm refrigeration sector has been developed. The team is led by Managing Director Matthew Darby, and contracts technical expertise from its sister company.
"To date, EcoChill customers have prevented over 60 million kilograms of CO2 emissions from entering the atmosphere, thanks to systems that we have designed, installed and maintained." Matthew Darby, Managing Director
EcoChill made the decision over 20 years ago that we would invest in innovating engineering systems that would enable New Zealand to have clean cooling.
It became very apparent to us through this journey that this is a collective effort in order to achieve our vision of cooling that is environmentally, socially and economically sustainable – cooling that helps New Zealand and the planet adapt and thrive. We wanted to bring this technology to the community to allow everyone to join us.
Equity Crowdfunding - offering shares and sourcing support for this technology - enables us to build a community that is investing in smart, low emission, systems that are innovating cooling for a better world.
Whether you’re passionate about supporting New Zealand’s shift to net zero emissions by 2050, a dairy farmer looking to invest in new (and better) systems or you’re just really excited about the innovative technology that we’ve developed: we’re looking forward to welcoming you onboard as a shareholder of Cold Energy Technology Ltd.
The Eco2Dairy Cooling System
The Market Opportunity
Now is the right time to grow the business.
Refrigeration is critical for our modern day life and no one knows its importance more than the dairy sector.
With increasing global pressure to reduce the climate impact of cooling, farmers face international regulatory pressures that mean huge supply and cost risks, as the world phases down the common synthetic refrigerants that have been the mainstay of on farm cooling for decades. Along with demands for lower emission milk production, cooling compliance requirements have increased, as food safety and value chain benefits have been linked to milk that is cooled faster.
Dairy farmers need 21st century, future proof cooling solutions that not only provide performance at lower operating costs but also deliver lower direct and indirect emissions.
Eco2Dairy finally provides the solution to the increasing cooling challenges dairy farmers face globally.
The Opportunity, within New Zealand and beyond.
- 20.7 billion litres of milk produced, 1.85 billion kilograms of milk solids.
- 4.99 million cows in New Zealand. 11,590 herds with an average size of 431 cows.
- Estimated 16,500 units in total market fleet.
- The current lifetime of existing cooling equipment is 15 years.
- The New Zealand dairy sector is responsible for 22.5% of national emissions, and must be reduced by net zero by 2050.
- New Zealand's 11,000+ farms use over 7% of the country's total electricity use, at over $250m in cost.
- Cold Energy Technology has optionality to provide a 'Cooling As A Service' model, and provide more efficient, data-driven solutions to users.
By investing in Cold Energy Technology, you will be enabling:
Implement Sales Programme
- Hire key resources to drive sales, including a general manager, business development and marketing staff
- Develop sales aggregation plan to target strategic channels (e.g. distributors, power companies, dairy corporates
- Initial scouting of overseas markets
Ongoing R&D projects
- Further progress of 3D printed componentry
- Complete development of data analytics offering
Working Capital
- Growth of supply chain and procurement
- Initial receivables management
- Promote manufacturing efficiencies
- Repayment of current R&D payables
Currently, where we have an industry which is facing increasing operational costs and ever-tightening regulatory requirements for milk temperatures and cooling times.
We are in the midst of a climate emergency and working within an industry that has the ability to contribute positively (rather than negatively) to the problem.
Cold Energy Technology has first-mover advantage, supported by a team with over twenty years of cutting-edge experience in this space.
With the seventh generation of the Eco2Dairy unit, we have worked hard to bring cooling into the 21st Century; we are ready to scale this company and take this innovative technology global.
The team has also identified several other industries in which the technology could be applied and continues to investigate these for future opportunities.
A Note from PledgeMe
We have completed Veda checks on the company, Cold Energy Technology Limited, and its Directors, as well as Google and Insolvency checks. There were no adverse findings.
Updates 5
Eco2Dairy, from a dairy farmer's perspective
03/09/2021 at 1:57 PM
“I want you to know that when you reach for a bottle of milk, or a block of butter […], that, from the moment that milk was produced, the quality around that was world class.”
Judy has been trialling the Eco2Dairy system on her dairy farm in Waiuku, New Zealand; she’s shared her thoughts on the importance of world-class refrigeration and her experience of working with our team.
Have a listen to Judy's story - and you'll hear about what this technology actually means for farmers.
As always, drop us a line if you've got any questions: [email protected]
Cheers,
Matthew & Megan
10 days to go!
30/08/2021 at 4:12 PM
We have created this exciting piece of technology that we're proud to share with you: this is your chance to become a shareholder, today. If you haven't invested yet, we encourage you to do so now!
When we talk about Cold Energy Technology, there’s a lot to discuss: the collective ‘big picture’ impact on climate change, the role that we’re playing as a proudly-owned New Zealand company and the awesome benefits for dairy farmers themselves.
Regardless of which lens you’re most interested in, your support of this initiative is invaluable to us, and we would love your assistance in spreading the word about what we’re up to as we enter the final 10 days of our campaign.
What have we been up to?
We managed to get a E-400 series Eco2Dairy away pre lock down - this one bound for Christchurch. Many thanks to all those working in Level 3 and 4 to keep New Zealand’s cold chain going through lockdown.
We were also thrilled to feature in NZBusiness and to see a great write up on R744. Check out both of these stories here:
NZ Business: Kiwi company helping dairy farmers reduce emissions
R744: New Zealand Company Introduces 'World's First' On-Farm CO2 Milk Cooling
In response to some of your questions, we’ve published a few of our own articles, explaining the changing landscape of the cooling industry and the significance of our solution for farmers, consumers and the planet. Check these out here:
CET: What if we could help dairy farmers tackle climate change without talking about cows?
The final stretch
With 10 days left, there’s still time to talk sustainable cooling for farmers and we need your help to keep this conversation going.
Follow our crowdfunding campaign (or, even better, become a shareholder if you haven’t already!), join us on LinkedIn, or share our initiative with someone else who is passionate about engineering better solutions for the future. Every bit counts.
As always, thank you for being a part of the Cold Energy Technology journey; we can’t wait to have you on board as we engineer clean, zero emissions cooling for the world, naturally.
Cheers,
Matthew & Megan
Minimum Investment
19/08/2021 at 3:21 PM
Thanks to everyone for their feedback on investing in Cold Energy Technology! We initially set the minimum at the $5K mark after looking at companies at a similar stage within the engineering sector. However, what’s become clear from the community has been that there is widespread interest in supporting clean cooling; particularly from those who would prefer to spread their investments across a wider range of companies.
Listening to the feedback that we have received, we have agreed to lower the minimum investment to $2K.
For us, we are looking to partner with people who share our vision for clean cooling - and who want to help us scale for maximum impact and reach in the long-run. We are excited to welcome more shareholders onto the journey with us!
As always, please reach out with any questions.
Cheers,
Matthew & Megan
You need to pledge to see this update.
You need to pledge to see this update.
Details
Offer Details
| Current Valuation | 2,250,000 |
| Raise Minimum | 497,500 |
| Raise Maximum | 1,650,000 |
| Share Price | 2.25 |
| Minimum Pledge | 2,000.25 |
| Maximum Shares Offered | 733,333 |
Explanation of valuation:
A number of valuation methods were used to triangulate a narrowed down valuation range for the business, including:
- Berkus method
- Seed scorecard method
- Risk factor method
- New Zealand VC market comparable method
These methods primarily address the criteria for future growth of the company, and the value that can be ascribed to the existing intellectual property, which has been developed over several years.
The below financial summary has been taken from the Information Memorandum. Please note that Net Profit has not been forecast as it will be dependent on funding requirements and commercial agreements.
Financial Summary
| Prev Year | Current Year | Est. FY 2024 | Est. FY 2025 | |
|---|---|---|---|---|
| Revenue | NZ $ | NZ $4,750,000 | NZ $8,782,000 | NZ $12,258,000 |
| Operating Expenses | NZ $ | NZ $1,381,000 | NZ $2,636,000 | NZ $3,682,000 |
| EBITDA | NZ $ | NZ $44,000 | NZ $1,040,000 | NZ $1,826,000 |
| Net Profit | NZ $ | NZ $ | NZ $ | NZ $ |
Company Details
Company Name: Cold Energy Technology Limited
Company Number: 2281414
Company Documents
Director Details
| Name | Role | Profile URL | Invested? |
|---|---|---|---|
| Matthew Leigh DARBY | Director | http://www.linkedin.com/in/matthewdarbyecochill/?originalSubdomain=nz | ✗ |
| Megan Kathleen Darby | Director | http://www.linkedin.com/in/megandarby/ | ✗ |
Questions 8
Ask a Question (You must login to ask a question)
Hi, this is an exciting opportunity to help you scale and reduce NZ's emissions. A few questions:
1) What is the manufacturing cost per unit? Does this fall under the Cost of Sales on the Summary Statement?
2) How many units have you shipped to date?
3) Does EcoChill have the capacity to manufacture 50 units per year?
thanks
What is the next step if you don't reach your $497,500 target here? Does that mean small investors are out and you will need to look for institutional investment, or are there other avenues?
Posted on 03-09-2021 by SteveDo you intend to go to market with a standard-sized product? Or a range of several sizes? Or is the intention to offer a more bespoke design/build approach, where the size & capability of the system depends on the customer?
Posted on 16-08-2021 by Geoffrey PritchardHi Geoffrey,
We have a standardised range of sizes for the Eco2Dairy product. These are currently E400P, E600P and E800P. The E refers to the refrigerant – E = CO2. The number relates to the herd size – 600 cows, and the P refers to the ice bank capacity – P = milk at 2C and hot water at 80C. As they are modules you can easily mix and match to provide the capacity required to meet demand. Eg a 600 plus a 400 for a 1000 herd.
This in the main caters for the average herd size of around 440 cows in New Zealand though we can also scale this up for larger sizes for overseas markets depending on what makes the most sense for that specific market.
These standardised units can also be deployed to other industries where size depends on the application.
For Cold Energy we have steered away from bespoke design as our product is designed to be “plug and play’ - easily installed and integrated into existing cooling infrastructure and can easily be scaled for manufacturing and distribution.
Cold Energy’s sister company EcoChill specialises in bespoke options where customised solutions are required and don’t tend to be as easily scalable.
Thanks!
Answered on 23-08-2021 by Cold Energy Technology
Why set up cold energy technology as a separate company?
Why isn’t Ecochill raising the funds
Hi Charlie!
Each company has its own area of focus - and Cold Energy Technology (incorporated in 2009) is the owner of the intellectual property of the Eco2Dairy product, which is why it's the company raising the funds.
Cold Energy Technology is a manufacturing company that produces engineered packaged solutions for multiple industry applications with global ambitions - whereas EcoChill is a design, service and installation and consulting business dedicated to New Zealand's zero cooling pathway.
Thanks!
Answered on 16-08-2021 by Cold Energy Technology
Hi there. I would also like to you to consider lowing the minimum investment. I do understand from a companies point of view less shareholders with larger share holdings is better and easier to manage. However from a risk perspective for a small investor like myself I prefer to spread the small amount I have across more companies rather than put it all in to one. Thanks for your consideration.
Posted on 12-08-2021 by SteveHi Steve! Thank you for letting us know! We'll keep you updated on this; we are really grateful for your feedback and interest.
Answered on 13-08-2021 by Cold Energy Technology
Hi!
The minimum investment of $5000 means you are potentially losing a lot of small investors like me who could help you reach your goal and beyond. I request you to consider lowering this amount so that you welcome more people to be part of your success story.
Cheers
Srikanth
Kia ora Srikanth,
Thanks for your question - we appreciate your interest and support! As we've said, we are open to reconsidering this if there is the interest; so, we'll keep you updated on this.
Ngā mihi,
Answered on 13-08-2021 by Cold Energy Technology
Why such a high minimum investment?
Posted on 06-08-2021 by Malcolm HarbrowHi Malcom, thanks for your question!
This is the first time we have crowdfunded and, when researching where to set the minimum, it seemed companies at a similar stage within the engineering sector set theirs around this mark.
Like them, we felt this level of investment would support us to partner with people who shared a vision for clean cooling and our mission to scale for maximum impact and reach over the long run.
If we get a lot of feedback on this from people who are interested and truly want to be a part of our story, then we are open to reconsidering.
Answered on 10-08-2021 by Cold Energy Technology
Hi Guys, I notice there are 2 classes of shares. I'm sure the smaller shareholders would like their equity holding to have votes attached, just like the big boys. The share-market has many minority holders, who can vote at meetings. Is there any reason why the class B holders have diminished rights as compared to larger holders?
Posted on 03-08-2021 by Maurice GreenoughHi Maurice,
That’s a great question. We really thought about this to ensure we were recognising and fairly rewarding all our investors, while enabling the success of the company to deliver on its vision.
We believe this is the right approach for Cold Energy as:
1. We know we have potential investors considering investing a significant amount and we wanted to both recognise that additional financial risk and provide additional incentive to get the maximum funding needed - increasing success and value for all our investors.
2. We wanted to raise capital through a crowdfunding approach so we could partner with people who shared a vision for clean cooling and who supported our mission to scale for maximum impact and reach over the long run - not only for what will hopefully be a great ROI. We believe this approach means we can focus on delivering on the long term vision we have for a company that will have a global impact rather than an immediate focus on short term returns as a priority. All investments, whether with voting rights or not, is an investment in our vision for a world with zero-emission cooling.
We realise every investor has their own value criteria, but we don’t see Class B shareholders as any less important or valuable. They will own a portion of the company including all of its assets, future profits and dividends. We have a huge sense of responsibility to those that choose to invest and place their trust in Cold Energy Technology and we hope investors realise that. Please let us know if you have any other questions!
Answered on 05-08-2021 by Cold Energy Technology
Pledgers 21
2021-09-08 20:57:38 +1200
"Hope this keeps going."
2021-09-08 20:17:43 +1200
"Contact me if the offer is unsuccessful anyway!"
2021-09-08 11:06:02 +1200
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"Commercialisation of this technology is great to see, and needs to be combined with Solagri to recharge the ice bank using solar electricity"
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Cold Energy Technology
Note on pledging: When pledging, make sure you fill in an amount that matches to a number of shares (so it needs to be a multiple of $2.25). If you don't fill in a correct amount, you willl get a 'Pledge value does not match to a number of shares' error. Please reach out to the PledgeMe team via the live chatbox if needed.
The Eco2Dairy product, by Cold Energy Technology, is a revolution in on-farm milk cooling systems for dairy farmers. We have created a world first: an on-farm milk cooling system for dairy farmers, which uses natural refrigerants to cool milk and heat water.
The product, Eco2Dairy, is the result of more than a decade's worth of dedication and effort to improve how we do cooling: after stepping in to help a dairy farmer mate, Matthew thought that there must be a better way. Fast-forward to today and the seventh generation Eco2Dairy system costs less to operate while exceeding all cooling compliance requirements, delivering better-quality milk. Unlike conventional systems milk is delivered almost instantly into the vat at 2 degrees, while providing free hot water at 80 degrees with no extra electricity, while the patented natural refrigerant design means Eco2Dairy has a lower emissions profile than any cooling solution on the market globally. We have created a product that is better for the milk quality, better for farmers, and better for the environment: and it is the first in the world.
We have worked hard to bring cooling into the 21st Century for our farming communities and we are excited to present this share offer to you to become a part of this journey. We are now ready to scale Cold Energy Technology Ltd and to take this innovative technology global. The Eco2Dairy product has been in development for many years, under the umbrella of Cold Energy Technology (CET). CET is a sister company of the EcoChill industrial refrigeration business.
Cold Energy Technology & Eco2Dairy
The Eco2Dairy product has been in development for many years, under the umbrella of Cold Energy Technology (CET). CET is a sister company of the EcoChill industrial refrigeration business. Through trial and error, and perseverance, a working model of a high performance, all-natural refrigerant, milk cooling solution for the on-farm refrigeration sector has been developed. The team is led by Managing Director Matthew Darby, and contracts technical expertise from its sister company.
"To date, EcoChill customers have prevented over 60 million kilograms of CO2 emissions from entering the atmosphere, thanks to systems that we have designed, installed and maintained." Matthew Darby, Managing Director
EcoChill made the decision over 20 years ago that we would invest in innovating engineering systems that would enable New Zealand to have clean cooling.
It became very apparent to us through this journey that this is a collective effort in order to achieve our vision of cooling that is environmentally, socially and economically sustainable – cooling that helps New Zealand and the planet adapt and thrive. We wanted to bring this technology to the community to allow everyone to join us.
Equity Crowdfunding - offering shares and sourcing support for this technology - enables us to build a community that is investing in smart, low emission, systems that are innovating cooling for a better world.
Whether you’re passionate about supporting New Zealand’s shift to net zero emissions by 2050, a dairy farmer looking to invest in new (and better) systems or you’re just really excited about the innovative technology that we’ve developed: we’re looking forward to welcoming you onboard as a shareholder of Cold Energy Technology Ltd.
The Eco2Dairy Cooling System
The Market Opportunity
Now is the right time to grow the business.
Refrigeration is critical for our modern day life and no one knows its importance more than the dairy sector.
With increasing global pressure to reduce the climate impact of cooling, farmers face international regulatory pressures that mean huge supply and cost risks, as the world phases down the common synthetic refrigerants that have been the mainstay of on farm cooling for decades. Along with demands for lower emission milk production, cooling compliance requirements have increased, as food safety and value chain benefits have been linked to milk that is cooled faster.
Dairy farmers need 21st century, future proof cooling solutions that not only provide performance at lower operating costs but also deliver lower direct and indirect emissions.
Eco2Dairy finally provides the solution to the increasing cooling challenges dairy farmers face globally.
The Opportunity, within New Zealand and beyond.
- 20.7 billion litres of milk produced, 1.85 billion kilograms of milk solids.
- 4.99 million cows in New Zealand. 11,590 herds with an average size of 431 cows.
- Estimated 16,500 units in total market fleet.
- The current lifetime of existing cooling equipment is 15 years.
- The New Zealand dairy sector is responsible for 22.5% of national emissions, and must be reduced by net zero by 2050.
- New Zealand's 11,000+ farms use over 7% of the country's total electricity use, at over $250m in cost.
- Cold Energy Technology has optionality to provide a 'Cooling As A Service' model, and provide more efficient, data-driven solutions to users.
By investing in Cold Energy Technology, you will be enabling:
Implement Sales Programme
- Hire key resources to drive sales, including a general manager, business development and marketing staff
- Develop sales aggregation plan to target strategic channels (e.g. distributors, power companies, dairy corporates
- Initial scouting of overseas markets
Ongoing R&D projects
- Further progress of 3D printed componentry
- Complete development of data analytics offering
Working Capital
- Growth of supply chain and procurement
- Initial receivables management
- Promote manufacturing efficiencies
- Repayment of current R&D payables
Currently, where we have an industry which is facing increasing operational costs and ever-tightening regulatory requirements for milk temperatures and cooling times.
We are in the midst of a climate emergency and working within an industry that has the ability to contribute positively (rather than negatively) to the problem.
Cold Energy Technology has first-mover advantage, supported by a team with over twenty years of cutting-edge experience in this space.
With the seventh generation of the Eco2Dairy unit, we have worked hard to bring cooling into the 21st Century; we are ready to scale this company and take this innovative technology global.
The team has also identified several other industries in which the technology could be applied and continues to investigate these for future opportunities.
A Note from PledgeMe
We have completed Veda checks on the company, Cold Energy Technology Limited, and its Directors, as well as Google and Insolvency checks. There were no adverse findings.
Eco2Dairy, from a dairy farmer's perspective
03/09/2021 at 1:57 PM
“I want you to know that when you reach for a bottle of milk, or a block of butter […], that, from the moment that milk was produced, the quality around that was world class.”
Judy has been trialling the Eco2Dairy system on her dairy farm in Waiuku, New Zealand; she’s shared her thoughts on the importance of world-class refrigeration and her experience of working with our team.
Have a listen to Judy's story - and you'll hear about what this technology actually means for farmers.
As always, drop us a line if you've got any questions: [email protected]
Cheers,
Matthew & Megan
10 days to go!
30/08/2021 at 4:12 PM
We have created this exciting piece of technology that we're proud to share with you: this is your chance to become a shareholder, today. If you haven't invested yet, we encourage you to do so now!
When we talk about Cold Energy Technology, there’s a lot to discuss: the collective ‘big picture’ impact on climate change, the role that we’re playing as a proudly-owned New Zealand company and the awesome benefits for dairy farmers themselves.
Regardless of which lens you’re most interested in, your support of this initiative is invaluable to us, and we would love your assistance in spreading the word about what we’re up to as we enter the final 10 days of our campaign.
What have we been up to?
We managed to get a E-400 series Eco2Dairy away pre lock down - this one bound for Christchurch. Many thanks to all those working in Level 3 and 4 to keep New Zealand’s cold chain going through lockdown.
We were also thrilled to feature in NZBusiness and to see a great write up on R744. Check out both of these stories here:
NZ Business: Kiwi company helping dairy farmers reduce emissions
R744: New Zealand Company Introduces 'World's First' On-Farm CO2 Milk Cooling
In response to some of your questions, we’ve published a few of our own articles, explaining the changing landscape of the cooling industry and the significance of our solution for farmers, consumers and the planet. Check these out here:
CET: What if we could help dairy farmers tackle climate change without talking about cows?
The final stretch
With 10 days left, there’s still time to talk sustainable cooling for farmers and we need your help to keep this conversation going.
Follow our crowdfunding campaign (or, even better, become a shareholder if you haven’t already!), join us on LinkedIn, or share our initiative with someone else who is passionate about engineering better solutions for the future. Every bit counts.
As always, thank you for being a part of the Cold Energy Technology journey; we can’t wait to have you on board as we engineer clean, zero emissions cooling for the world, naturally.
Cheers,
Matthew & Megan
Minimum Investment
19/08/2021 at 3:21 PM
Thanks to everyone for their feedback on investing in Cold Energy Technology! We initially set the minimum at the $5K mark after looking at companies at a similar stage within the engineering sector. However, what’s become clear from the community has been that there is widespread interest in supporting clean cooling; particularly from those who would prefer to spread their investments across a wider range of companies.
Listening to the feedback that we have received, we have agreed to lower the minimum investment to $2K.
For us, we are looking to partner with people who share our vision for clean cooling - and who want to help us scale for maximum impact and reach in the long-run. We are excited to welcome more shareholders onto the journey with us!
As always, please reach out with any questions.
Cheers,
Matthew & Megan
You need to pledge to see this update.
You need to pledge to see this update.
Offer Details
| Current Valuation | 2,250,000 |
| Raise Minimum | 497,500 |
| Raise Maximum | 1,650,000 |
| Share Price | 2.25 |
| Minimum Pledge | 2,000.25 |
| Maximum Shares Offered | 733,333 |
Explanation of valuation:
A number of valuation methods were used to triangulate a narrowed down valuation range for the business, including:
- Berkus method
- Seed scorecard method
- Risk factor method
- New Zealand VC market comparable method
These methods primarily address the criteria for future growth of the company, and the value that can be ascribed to the existing intellectual property, which has been developed over several years.
The below financial summary has been taken from the Information Memorandum. Please note that Net Profit has not been forecast as it will be dependent on funding requirements and commercial agreements.
Financial Summary
| Prev Year | Current Year | Est. FY 2024 | Est. FY 2025 | |
|---|---|---|---|---|
| Revenue | NZ $ | NZ $4,750,000 | NZ $8,782,000 | NZ $12,258,000 |
| Operating Expenses | NZ $ | NZ $1,381,000 | NZ $2,636,000 | NZ $3,682,000 |
| EBITDA | NZ $ | NZ $44,000 | NZ $1,040,000 | NZ $1,826,000 |
| Net Profit | NZ $ | NZ $ | NZ $ | NZ $ |
Company Details
Company Name: Cold Energy Technology Limited
Company Number: 2281414
Company Documents
Director Details
| Name | Role | Profile URL | Invested? |
|---|---|---|---|
| Matthew Leigh DARBY | Director | http://www.linkedin.com/in/matthewdarbyecochill/?originalSubdomain=nz | ✗ |
| Megan Kathleen Darby | Director | http://www.linkedin.com/in/megandarby/ | ✗ |
Ask a Question (You must login to ask a question)
Hi, this is an exciting opportunity to help you scale and reduce NZ's emissions. A few questions:
1) What is the manufacturing cost per unit? Does this fall under the Cost of Sales on the Summary Statement?
2) How many units have you shipped to date?
3) Does EcoChill have the capacity to manufacture 50 units per year?
thanks
What is the next step if you don't reach your $497,500 target here? Does that mean small investors are out and you will need to look for institutional investment, or are there other avenues?
Posted on 03-09-2021 by SteveDo you intend to go to market with a standard-sized product? Or a range of several sizes? Or is the intention to offer a more bespoke design/build approach, where the size & capability of the system depends on the customer?
Posted on 16-08-2021 by Geoffrey PritchardHi Geoffrey,
We have a standardised range of sizes for the Eco2Dairy product. These are currently E400P, E600P and E800P. The E refers to the refrigerant – E = CO2. The number relates to the herd size – 600 cows, and the P refers to the ice bank capacity – P = milk at 2C and hot water at 80C. As they are modules you can easily mix and match to provide the capacity required to meet demand. Eg a 600 plus a 400 for a 1000 herd.
This in the main caters for the average herd size of around 440 cows in New Zealand though we can also scale this up for larger sizes for overseas markets depending on what makes the most sense for that specific market.
These standardised units can also be deployed to other industries where size depends on the application.
For Cold Energy we have steered away from bespoke design as our product is designed to be “plug and play’ - easily installed and integrated into existing cooling infrastructure and can easily be scaled for manufacturing and distribution.
Cold Energy’s sister company EcoChill specialises in bespoke options where customised solutions are required and don’t tend to be as easily scalable.
Thanks!
Answered on 23-08-2021 by Cold Energy Technology
Why set up cold energy technology as a separate company?
Why isn’t Ecochill raising the funds
Hi Charlie!
Each company has its own area of focus - and Cold Energy Technology (incorporated in 2009) is the owner of the intellectual property of the Eco2Dairy product, which is why it's the company raising the funds.
Cold Energy Technology is a manufacturing company that produces engineered packaged solutions for multiple industry applications with global ambitions - whereas EcoChill is a design, service and installation and consulting business dedicated to New Zealand's zero cooling pathway.
Thanks!
Answered on 16-08-2021 by Cold Energy Technology
Hi there. I would also like to you to consider lowing the minimum investment. I do understand from a companies point of view less shareholders with larger share holdings is better and easier to manage. However from a risk perspective for a small investor like myself I prefer to spread the small amount I have across more companies rather than put it all in to one. Thanks for your consideration.
Posted on 12-08-2021 by SteveHi Steve! Thank you for letting us know! We'll keep you updated on this; we are really grateful for your feedback and interest.
Answered on 13-08-2021 by Cold Energy Technology
Hi!
The minimum investment of $5000 means you are potentially losing a lot of small investors like me who could help you reach your goal and beyond. I request you to consider lowering this amount so that you welcome more people to be part of your success story.
Cheers
Srikanth
Kia ora Srikanth,
Thanks for your question - we appreciate your interest and support! As we've said, we are open to reconsidering this if there is the interest; so, we'll keep you updated on this.
Ngā mihi,
Answered on 13-08-2021 by Cold Energy Technology
Why such a high minimum investment?
Posted on 06-08-2021 by Malcolm HarbrowHi Malcom, thanks for your question!
This is the first time we have crowdfunded and, when researching where to set the minimum, it seemed companies at a similar stage within the engineering sector set theirs around this mark.
Like them, we felt this level of investment would support us to partner with people who shared a vision for clean cooling and our mission to scale for maximum impact and reach over the long run.
If we get a lot of feedback on this from people who are interested and truly want to be a part of our story, then we are open to reconsidering.
Answered on 10-08-2021 by Cold Energy Technology
Hi Guys, I notice there are 2 classes of shares. I'm sure the smaller shareholders would like their equity holding to have votes attached, just like the big boys. The share-market has many minority holders, who can vote at meetings. Is there any reason why the class B holders have diminished rights as compared to larger holders?
Posted on 03-08-2021 by Maurice GreenoughHi Maurice,
That’s a great question. We really thought about this to ensure we were recognising and fairly rewarding all our investors, while enabling the success of the company to deliver on its vision.
We believe this is the right approach for Cold Energy as:
1. We know we have potential investors considering investing a significant amount and we wanted to both recognise that additional financial risk and provide additional incentive to get the maximum funding needed - increasing success and value for all our investors.
2. We wanted to raise capital through a crowdfunding approach so we could partner with people who shared a vision for clean cooling and who supported our mission to scale for maximum impact and reach over the long run - not only for what will hopefully be a great ROI. We believe this approach means we can focus on delivering on the long term vision we have for a company that will have a global impact rather than an immediate focus on short term returns as a priority. All investments, whether with voting rights or not, is an investment in our vision for a world with zero-emission cooling.
We realise every investor has their own value criteria, but we don’t see Class B shareholders as any less important or valuable. They will own a portion of the company including all of its assets, future profits and dividends. We have a huge sense of responsibility to those that choose to invest and place their trust in Cold Energy Technology and we hope investors realise that. Please let us know if you have any other questions!
Answered on 05-08-2021 by Cold Energy Technology
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"Hope this keeps going."
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"Contact me if the offer is unsuccessful anyway!"
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"Commercialisation of this technology is great to see, and needs to be combined with Solagri to recharge the ice bank using solar electricity"
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I want to embed this investment somewhere