Steel Executive Rod Gregory joins the Spectainer Board

Steel Executive Rod Gregory joins the Spectainer Board

Spectainer, a developer of specialised containers that are better economically, operationally and environmentally, is pleased to announce that Mr Rod Gregory has joined the Board of Directors effective 16 November 2020.

Spectainer’s Managing Director Nicholas Press said “Spectainer is excited to announce Rod’s appointment to the Board of Directors. Rod has amassed an amazing level of experience throughout his career, covering a variety of industries. Notably, his current interests in steel and metals will be extremely valuable for us going forward. As an entrepreneur with numerous successes, I am very much looking forward to his involvement and expertise as we scale.”

Mr Gregory said “I am excited to be a part of Spectainer and am looking forward to contributing to the Board. Spectainer’s COLLAPSECON collapsible economic container technology impressed me and as someone who deals with the issues of trade imbalance and empty containers, the COLLAPSECON solution has the potential to create real and sustainable change across the global shipping and logistics industries.”

Mr Gregory has over 45 years experience in the steel and metals related industries including distribution, importing and manufacturing. Specialising in business turnarounds by developing strategic direction with a strong focus on deployment and growth, Mr Gregory has lead various reporting divisions for corporate entities, developed and implemented strategic plans for off shore entities throughout Asia and Middle East and developed greenfield joint venture businesses in Australia.

The global problem of empty container inefficiencies currently cost the industry over USD $30.1 Billion each year and this cost is rising. Additionally, the environmental damage from storing, handling and transporting empty containers is significant. Spectainer’s COLLAPSECON drastically improves operational efficiencies resulting in environmental benefits and economic savings, thereby representing the next evolutionary progression of the humble shipping container.

Spectainer successfully closes Series A Funding Round

Spectainer successfully closes Series A Funding Round

Spectainer, a developer of specialised containers that are better economically, operationally and environmentally, is pleased to announce the completion of its share issue.

Spectainer has raised an undisclosed amount through a fixed-price process that was oversubscribed resulting in an increase in the number of shares issued. The proceeds of the issue will support Spectainer’s COLLAPSECON® collapsible container activities as well further deployment of SEACON, Spectainer’s IoT tacking and asset management solution.

The Company’s Managing Director Nicholas Press said: “It is exciting to witness such overwhelming demand for this share issue. The successful closing of this round demonstrates investors’ confidence in Spectainer and enthusiasm for our business. We are thankful for our shareholders’ support for Spectainer despite the challenges of the COVID-19 pandemic and market volatility. The oversubscription further strengthens our position to meet our future objectives”.

Press went on to state: “We believe that our collapsible container technology will improve operational efficiencies, thereby drastically improving our customer’s operating profit margins by saving excess annual transport costs, as well as significantly contribute to long-term sustainability across the shipping and logistics industries. Most importantly, by reducing the impact of empty containers throughout the supply chain, we will be able to reduce environmental impact without having to fundamentally change the way the industry operates.”

The global problem of empty container inefficiencies currently cost the industry over USD $30.1 Billion each year and this cost is rising. Spectainer’s COLLAPSECON drastically improves operational efficiencies resulting in environmental benefits and economic savings, thereby representing the next evolutionary progression of the humble shipping container.

Spectainer awarded Deed of Standing Offer with the Australian Antarctic Division

Spectainer awarded Deed of Standing Offer with the Australian Antarctic Division

Spectainer, a provider of Simple, Efficient, Affordable & Safe (SEAS) specialised container solutions, is pleased to announce the Company being awarded a Deed of Standing Offer with the Australian Antarctic Division.

The Australian Antarctic Division (AAD), based in Hobart, Tasmania, is part of the Australian Government’s Department of Agriculture, Water and the Environment. The AAD is responsible for Australia’s presence and activities in the Australian Antarctic Territory and the Southern Ocean.

Australia maintains four year-round research stations, Casey, Davis and Mawson within Antarctica and the sub-Antarctic Macquarie Island station. Each season more than 500 expeditioners travel south with the Australian Antarctic Program.

The Deed of Standing Offer awarded to Spectainer is for the provision, modification, maintenance and repair of intermodal transport containers to facilitate station resupply and cargo operations.

Spectainer’s Managing Director Nicholas Press said “As an Australian company, it is wonderful to be selected to support the government, but more notably, a unique branch like the Australian Antarctic Division. The provision, modification, maintenance and repair of intermodal transport containers for the Department will directly impact Australia’s mission in the Antarctic and we are thrilled to be selected as a supporting supplier.”

The AAD will take delivery of a new Icebreaker in 2020. With this new capability, the Department is expecting an increase in the number of containers transported on each voyage. Currently, the Australian Antarctic Division transports 50 containers for each voyage and with the arrival of the RSV Nuyina, it is forecast that this will increase to 100 containers.

Former CMA-CGM Executive Simon Aynsley joins the Spectainer Board

Former CMA-CGM Executive Simon Aynsley joins the Spectainer Board

Spectainer, a provider of Simple, Efficient, Affordable & Safe (SEAS) specialised container solutions, is pleased to announce that Mr Simon Aynsley has joined the Board of Directors effective 04 February 2020.

Spectainer’s Managing Director Nicholas Press said “We are thrilled to announce Simon’s appointment to the Board. Simon brings with him decades of shipping and logistics experience. He also brings executive leadership from his many years holding senior management and Board positions which will add significant value to the Company going forward.”

Mr Aynsley said “I am excited to join the Spectainer Board. I firmly believe Spectainer’s COLLAPSECON collapsible economic container technology has the potential to influence the global shipping and logistics industries, particularly in reducing the environmental impact and empty repositioning cost of containers.”

Mr Aynsley brings with him a wealth of knowledge of the shipping industry, including over 20 years of experience working for world leading container carrier as the former Managing Director Australia/New Zealand for of CMA CGM Group. Mr Aynsley was also a Director of Shipping Australia from 2010 to 2019.

Mr Aynsley has worked for a number of global firms including DHL International (in Saudi Arabia, Egypt, Kuwait and Bahrain), Nedlloyd Swire, P&O Nedlloyd, Japanese conglomerate NYK before joining the CMA CGM Group in 1998. Graduating in Business Management from Melbourne University, Mr Aynsley has amassed 40 years of shipping, global maritime, trade, logistics and transport experience.

Mr Press said “Simon’s industry knowledge and experience, particularly the operational aspects of running a major shipping line strengthens our Boards capabilities. His knowledge and input will be beneficial in enhancing Spectainer’s growth and allow us to develop a better understanding of the complexities our customers face.”

“The shipping industry is currently embarking on the significant task of digitalisation. Added to this, in 2018 the International Maritime Organisation proposed regulations to address the emission of air pollutants from ships and adopted mandatory energy-efficiency measures to reduce emissions of greenhouse gases from international shipping, under Annex VI of IMO’s pollution prevention treaty (MARPO). There are structural changes occurring across the industry and it is important that the container as a physical asset evolves in part, to a collapsible solution. With Simon’s input, we believe COLLAPSECON can form a core part of the future of containerised shipping.” added Mr Press.

Phoenix Development Fund Limited invests in Spectainer and its Chairman Lindsay Phillips joins Spectainer’s Board

Phoenix Development Fund Limited invests in Spectainer and its Chairman Lindsay Phillips joins Spectainer’s Board

Spectainer, a provider of Simple, Efficient, Affordable & Safe (SEAS) specialised container solutions, is pleased to announce the recent investment in the Company by the Phoenix Development Fund Limited (“PDF”), and that Mr Lindsay Phillips has joined the Board of Directors effective 04 February 2020.

PDF is an investment entity focused on providing growth capital to Australian companies. In December 2019, PDF became a significant material investor by subscribing for common shares in the Company.

Spectainer’s Managing Director Nicholas Press said “We were already thrilled with receiving an investment from the Phoenix Development Fund, but to also confirm Lindsay’s appointment to the Board is a great result. Lindsay has invested in and supported many successful early stage companies, across multiple sectors. His knowledge and experience are broad and the value to the Company going forward will be tremendous.”

Mr Phillips said “We are excited to be involved with Spectainer. When I first saw the Collapsible Economic Container – COLLAPSECON – I immediately recognised the system’s potential, but more importantly I realised the uniqueness of the solution”.

Mr Phillips has been involved in private equity for 33 years, commencing in 1987 with M.J.H. Nightingale & Co. Limited in London/New York and from 1995 in Australia. His experience includes 7 years (1980-87) with Price Waterhouse. He subsequently worked in the United Kingdom, Europe, USA and Australasia including five years as Managing Director of Lazard Australia Private Equity between 2007 and 2012.

In addition to being Chairman of PDF and its associated investment firm Nightingale Partners, Mr Phillips currently serves as a Board Director on the majority of the two firms’ investee companies. For more information, please visit http://nightingale.com.au.

Mr Press further stated that “Lindsay is a great asset for the Company as we commence our market growth phase. It is fantastic to have someone of Lindsay’s calibre involved.”