From a financial perspective, the contribution of SMRE to SolarEdge's revenues in the first quarter is expected to be minimal and the effect on non GAAP EPS is expected to be (USD 0.01)-(USD 0.03) as a result of the additional shares issuance and the results of SMRE operations.
Solar Edge said the acquisition of SMRE is another step in executing its strategy of sustainable growth by addressing an additional fast growing and technologically synergetic market while diversifying into new fields outside the solar arena.
SMRE has three business units: e-mobility, automated production machines and telematics software.
Founded in 1999 and traded on the Italian AIM (SMR.MI), SMRE has three business units: e-mobility, automated production machines and telematics software.
The acquisition of SMRE is another step in executing our strategy of sustainable growth by addressing an additional fast growing and technologically synergetic market while diversifying into new fields outside the solar arena," stated Guy Sella, CEO, Chairman and Founder of SolarEdge.
SMRE built a strong team that has developed products addressing the current and future needs of the e-mobility market, stated Samuele Mazzini, CEO, Chairman and Founder of SMRE.
The initial acquisition entails a purchase from the founder and an additional two stockholders of approximately 51% of the outstanding shares of SMRE pursuant to a standard share purchase agreement, for an aggregate investment of approximately $77 million, with 50% to be paid in cash and the remaining 50% to be paid in shares of SolarEdge common stock.
No previous studies compared the skeletal, dentoalveolar and periodontal effects that occurred after RME and SMRE with acrylic splint bonded expansion, especially using CT measurements.
These findings are similar with the results of Kilic (22), who used RME and SMRE protocols with a rigid bonded RME appliance.
(67) AUSSME, DS 21, Allegato al Diario Storico Il Corpo D'Armata, Protocollo Segreto SMRE
"Difesa attiva a.c.", 9 June 1940.
Tait initially supplied 6500 radios as part of a contract awarded to Petards by the Ministry of Defence in late 2013 for the replacement of the RAF's entire current Secure Management Radio Equipment (SMRE) capability.
The RAF's SMRE allows Air Traffic Control to direct the safe movement of vehicles and personnel on the airfield manoeuvring area at RAF bases across the UK.