Wednesday 21 December 2022 at 4pm GMT
Hilco is seeking offers to acquire the intellectual property assets of a leading manufacturer of emission-free battery and battery hybrid trains (the “Company”) on behalf of the Joint Administrators of the Company.
Based in the UK, the Company developed a range of hybrid, electric and battery solutions for rail carriages and systems. The Company offered a unique proposition to the rail industry, designing and implementing modular and interchangeable power systems which enable trains to be easily converted to run on batteries.
The use of modular systems means that existing mid-life diesel trains can be converted to battery operation quickly and easily, ensuring that high-quality rolling stock does not get scrapped early and helps the environment, reducing waste and emissions. The same technology can also be installed on electric trains giving them extended range beyond the electrified network.
The Company’s battery train, fast charge and power storage system is a complete package, capable of automatically recharging a battery train in only 10 minutes and providing a range of 100km. The Company’s technology can be utilised with minimal cost and effort and delivers an emission-free, independently powered train, ideally designed for metro shuttles, branch lines and discrete routes across the country.
Prior to its Administration, the Company held valuable contracts with several reputable UK transport providers, with industry heavyweights recognising that the Company’s technology offers a viable and effective solution to decarbonise the railways.
This is an exciting opportunity to acquire the intellectual property assets behind an innovative business at the forefront of the rail industry, including an extensive patent portfolio protecting the Company’s proprietary battery technology, a host of registered designs and associated brand-related assets.
Available assets include:
Patented Technology – an extensive portfolio of granted and pending international patent applications protecting the Company’s innovative technology;
Software – proprietary software with capabilities to map, monitor, and predict battery usage across UK railway networks. The software is fully scalable, allowing it to operate globally across all rail networks;
Designs & Trade Marks – including a portfolio of UK registered designs protecting a variety of train interiors and a portfolio of international registered trade marks safeguarding the Company name and logo;
Lucrative Contracts – key contracts with leading UK train operators to supply emission-free battery trains, hybrid battery trains and fast charging systems;
Domain Names & Website Content – the copyright in the Company’s professionally designed website and the primary domain name;
Organisational Knowledge – extensive trade secrets and organisational knowledge supporting the Company’s development and manufacturing of its revolutionary technology to deliver its emission-free and battery hybrid operated trains.
Machinery & Business Assets are also available to acquire. Full details are available upon request.
Offers for the intellectual property assets of the Company are due Wednesday 21 December 2022 @ 4pm GMT
All expressions of interest and offers should be directed to Hilco in writing. Additional information and access to a virtual data room is available under NDA. The information provided has not been verified by Hilco and bidders are deemed to have carried out their own due diligence. A Bid Submission Form for submitting offers is available.
The bidder acknowledges that Hilco acts as an agent for the Company and its Joint Administrators who offer for sale only what right, title and interest the Company possesses in the assets. Such sale will be without any indemnities or warranties, expressed or implied. The assets are sold “as is, where is”. VAT at 20% will be added to the price if applicable. Legal completion to occur within 5 business days of bid acceptance. Hilco Streambank’s full Terms and Conditions apply.