1414 Degrees Announces Strategic Partnerships and Funding
Key points
- Signed a 1 GW AI data centre agreement at Aurora
- Established Aerospace and Defence Division
- Secured $8.45M funding from Tribeca Investment Partners
- SiNTL battery technology tests in drone, aerospace, and satellite markets
Full summary
1414 Degrees Ltd (ASX: 14D) has signed a Heads of Agreement with an Australian data centre operator for a proposed staged development of up to 1 Gigawatt (GW) of AI data centre infrastructure at Aurora. The company also established an Aerospace and Defence Division focused on commercial opportunities for its SiNTL battery technology across drone, UAV, and aerospace applications. Additionally, 14D secured $8.45 million via a placement at $0.10 per share, cornerstoned by Tribeca Investment Partners, and received $2 million from the exercise of 14DOA options. The company entered evaluation agreements with Energia 2000 (Ukraine) and Orbit Boy (Italy) to test SiNTL-based batteries in drone, satellite, and defence launch applications.
Guidance
1414 Degrees secured $8.45M funding and has potential for an additional $13.8M from 14DOA options.
Outlook
Near-term priorities include installing SiNTL scale-up equipment, producing larger quantities of SiNTL material, and progressing testing programs with Energia 2000 and Orbit Boy.
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