Employment and Investment Incentive Scheme - EIIS 2023
100% target return
through a Sustainable EIIS Investment that works for you and our planet
Interested in a Sustainable Investment Opportunity?
We will be available to support with any additional EIIS 2023 enquiries up until 31 December. Email us at eiis@fpdrecycling.com.
- Supports a high-growth SME with global contracts €8m+
- Drives global change in recycling
- Brings reduction in CO2 emissions
- Creates GreenTech jobs in Ireland
- EI and EU-supported compan3
€20,000
Minimum subscription
25%
Annual ROI
4 Years
Minimum expected term
€2.5m
EIIS target rise
After successfully completing the Seed Funding round of €6m that enabled us to build a team and put the first machines on the market, FPD Recycling® is now seeking to raise an additional €2.5 million in EIIS for 2023. The monies raised through FPD Recycling 2023 EIIS will form part of an overall equity funding package valued at €25 million to enable the company to scale the company globally and to commercialise its technology pipeline. The company is supported nationally by Enterprise Ireland, the Irish Manufacturing Research Institute and at a European level by the European Innovation Council (EIC).
On the 14th of October 2022, the company was approved for EU Grant Funding (non-dilutive) of €1.89 million and is eligible for follow-on EU Equity Investment of €8.31 million, to be matched by other qualified investors, under the EIC Accelerator. The total funding package is €17.7 million. The EIC Accelerator is Europe’s flagship innovation programme to identify, develop and scale up breakthrough technologies and game changing innovations.
Our technology is developed, proven in the market and ready to scale globally.
About FPD Recycling®
FPD Recycling® has developed a unique automated system (FPD PRO®), capable of disassembling flat panel displays – TVs, computer monitors and laptops – enabling efficient and cost effective recovery of the valuable fractions, while also eliminating the risk associated with toxic components in electronics.
The Problem
‘Should the global population reach 9.6 billion by 2050, the equivalent of almost three planets could be required to provide the natural resources needed to sustain current lifestyles’ – United Nations.
The global e-waste management market is expected to reach €100 billion by 2030 with c.600 million new FPDs being sold globally on an annual basis (240 million of which are sold in the US and Europe). 6.7 million tonnes of screen and monitor waste is generated every year and only small fraction of materials is recovered from it, leading to material waste and environmental issues.
Current e-waste treatment and recycling methods (i.e. manual disassembly, shredding, landfilling) are inefficient, not economical and pose health and environmental risk, as electronics contain toxic materials. The recycling industry is in need of innovative solutions to tackle the volume of the fastest growing waste stream in the world.
Innovation for sustainability
FPD Recycling® brings a long-waited innovation to the recycling industry, offering the first solution that is affordable, safe and profitable to the recyclers.
Robotics, Artificial Intelligence and Big Data Analytics are identified as a future of the recycling industry, greatly improving safety and efficiency of the recovery of secondary raw materials and parts for repair.
FPD PRO® tackles other important recycling issues such as:
- Labour: The cost of manually dismantling any screen is higher than the recoverable materials within (“fractions”) are worth, making the process uneconomical. There are health & safety risks of workers being exposed to toxic components.
- Legislation: The activities of the recycling industry are becoming more regulated globally, creating opportunities for technology-based solutions.
- Circular economy: Resources are becoming more scarce and consumers are demanding more environmentally sustainability solution from manufacturers.
About FPD PRO®
- Can safely process 7,200 tonnes of TVs and Monitors a year
- Is fully enclosed equipped with a filtration system, keeping hazardous materials (i.e. mercury) safely contained
- Produces high quality fractions (PCB, glass, plastic, aluminium, steel and more)
- Can process screens from 11’’ to 70’’
- Recognizes and records each processed screen to provide insights
Our Proven Solution
We currently have three machines installed, four machines in build – on which terms have been agreed and are expected to be deployed by Q1 2023. We plan to have a further six machines in build in Q1 2023.
Our solution allows safe recovery of high quality materials, including but not limited to:
Team
Product Roadmap
Your Impact
Your investment will help us deploy more machines and advance our technology – which will turn to significant environmental, social and economic impact and advancement of the circular economy.
Our EIIS Offer
Investment
Investment in Convertible Redeemable Preference Shares.
Minimum subscription amount €20,000 and maximum €250,000.
The EIIS funding will be deployed to fund the manufacture and installation of FPD PROs® for recyclers that have entered into a Customer Contract with the Company and hiring key staff.
Investment Period
Minimum of 4 years from the date of investment.
By restricting the manner in which the EIIS funding can be used, the Company should be in the best possible position to fund the buyback/redemption of the EIIS Shares after the minimum 4 year holding period has elapsed.
Tax Relief
An individual paying the marginal rate of income tax can claim 40% tax relief in the year in which the investment is made.
This Investment offers higher rate taxpayers an opportunity to efficiently shelter a portion of their taxable income using EIIS relief.
Investor Exit
The Investment has a planned exit date of 1 January 2028. The buy-out is capped at €1.28 per share, which is equivalent to an annual coupon of 7%.
Investor Return
If as projected, the Investment returns €1.28 for every €1.00 invested, it should generate a pre-tax return on investment (ROI) of 25% per annum for individual Investors (including the income tax saved based on current tax legislation) on the Qualifying Investor’s net initial investment, assuming the individual has sufficient taxable income at the marginal rate of tax.
Fees
An admission fee of 4% (inclusive of VAT) will be payable by Investors upon subscription for the Shares. This money will be used to defray investment set-up and running costs.
Our EIIS offer is only available for registered taxpayers in the Republic of Ireland. For more information on EIIS visit the Ireland Revenue service.
Before investing seek professional financial and tax advise.
Warning: Nothing presented in this document constitutes investment advice as it does not take into account the investment objectives, knowledge and experience or financial situation of any person. You should not act on it in any way and are advised to obtain professional advice suitable to your own individual circumstances. The value of your investment may go down as well as up. You may lose some or all of the money you invest. Past performance should not be taken as an indication or guarantee of future performance, neither should simulated performance. The value of securities may be subject to exchange rate fluctuation that may have a positive or adverse effect on the price or income of such securities.
