BOOSTHEAT: UPDATE ON BOOSTHEAT’S BACKUP PROCEDURE – CONTINUATION OF THE OBSERVATION PERIOD – 04/05/2023 at 6:00 p.m.


Vénissieux, April 5, 2023

BOOSTHEAT (FR0011814938 / ALBOO), a French industrial player in energy efficiency, provides an update on its safeguard procedure following the hearing of the Commercial Court of Lyon which was held on March 29, 2023.

As part of the safeguard proceedings opened on October 4 by the Commercial Court of Lyon, a hearing was held on March 29, 2023 during which the Court ruled on the continuation of the observation period. This same Court also noted that the safeguard plan was in the process of being circulated to the Company’s creditors.

A new hearing has been set for May 23, 2023 during which BOOSTHEAT should present its safeguard plan to the Commercial Court. In the event of validation of this plan by the Court, this would put an end to the safeguard procedure and allow the Company to plan for the implementation of its turnaround.

The Company will continue to communicate on the next developments in its procedure.

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Find all BOOSTHEAT information on


https://www.boostheat-group.com/en/

ABOUT BOOSTHEAT

Founded in 2011, BOOSTHEAT is a player in the energy efficiency sector. The Company’s mission is to accelerate the ecological transition through the integration of its technology in highly energy-consuming applications. BOOSTHEAT has designed and developed a thermal compressor protected by 7 families of patents allowing significant optimization of energy consumption to tend towards a reasonable and relevant use of resources. The Company is listed on Euronext Growth in Paris, (ISIN: FR0011814938).

I CONTACTS

NEWS finance & communication – Anne-Pauline PETUREAUX

Investor Relations

Such. : 01 53 67 36 72 / [email protected]

NEWS finance & communication – Serena BONI

Press relations

Such. : 04 72 18 04 92 / [email protected]


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Full and original press release in PDF format:

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