Core Insights - Carbon Revolution plc has successfully released $20 million from an escrowed facility of $35 million, with a recent release of $5 million [1] - The company issued a warrant to OIC for 2.5% of its outstanding shares in connection with the release [1] - Proceeds from the OIC investment will support the company's efforts to meet increasing demand from OEM customers [2] Company Overview - Carbon Revolution plc is a leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels [3] - The company has transitioned from producing single prototypes to manufacturing lightweight wheels for high-performance, premium, and luxury vehicles [3] - Carbon Revolution aims to establish a sustainable advanced technology business supplying its lightweight wheel technology to automotive manufacturers worldwide [3] Investment and Growth Strategy - The company is making significant investments in capacity and throughput to produce wheels at record rates [2] - The investment from OIC is expected to facilitate the company's growth and ability to meet customer demand [2]

"We are firm believers in Carbon Revolution's prospects and the transformative impact of their lightweighting technology," said Chris Leary, Investment Partner & Head of Infra Equity at OIC. "As the only company capable of producing carbon fiber wheels at scale, their innovative solutions offer unparalleled value to automotive OEMs as they modernize their product portfolios." Carbon Revolution plc (NASDAQ:CREV) is the parent of Carbon Revolution Pty Ltd, an early-stage growth company which has successfully ...

GEELONG, Australia, June 04, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, is proud to announce the appointment of Alia Comai as Chief Revenue Officer, to lead the Company's sales organization and continue developing global strategic partnerships. Comai brings over 25 years of extensive experience in the automotive sector, where she has held several pi ...

GEELONG, Australia, June 04, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, is proud to announce the appointment of Alia Comai as Chief Revenue Officer, to lead the Company's sales organization and continue developing global strategic partnerships. Comai brings over 25 years of extensive experience in the automotive sector, where she has held several pi ...

GEELONG, Australia, May 24, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has reached an agreement with Orion Infrastructure Capital ("OIC") for the early release of a further US$5 million from the remaining US$30 million in escrow, by way of issuance of secured debt under modifications which have been agreed with existing finan ...

GEELONG, Australia, May 24, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has reached an agreement with Orion Infrastructure Capital ("OIC") for the early release of a further US$5 million from the remaining US$30 million in escrow, by way of issuance of secured debt under modifications which have been agreed with existing finan ...

GEELONG, Australia, April 30, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, achieved dual recognition at the recent PACE Automotive News awards ceremony held on April 29, winning two significant awards. The Company was honored with the prestigious 2024 Automotive News PACE Award, which recognizes automotive suppliers for superior innovation, technologic ...

NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- Diamond Equity Research, a leading small-capitalization equity research and conference provider, will host its Spotlight Investor Conference on April 18, 2024. The conference, which is open to all retail and institutional investors, will consist of a series of twenty-five-minute presentations by public company management teams – followed by a moderated question-and-answer session. "The Diamond Equity Research Spotlight Emerging Growth Invitational offers a unique ...

- Achieved Record Half Year Revenue of US$26.1 million, up 107% year-over-year- Half Year Sales of 12.8k Wheels, More Than Doubling Volumes Compared to the Prior Year- Achieved Record Quarterly Revenue of US$14.8 million in 2Q24, up 177% year-over-year- Limited liquidity as of 31 March 2024, requires additional finance; discussion with OIC for potential early release of Escrow funds is ongoing- Issues Preliminary Estimate for Fiscal 3Q 2024 (Quarter Ended March 31, 2024) of $10 to $11 Million, Up 110% Year- ...

GEELONG, Australia, April 03, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, plans to conduct a conference call with analysts to discuss its fiscal first half 2024 results and business outlook on April 9, 2024 at 8:00 a.m. Eastern time. Before the open of the market on April 9 and prior to the conference call, the Company will issue a copy of the earnin ...