Endless Solar to float

Age
Thursday 15/10/2009 Page: 3

WATER-HEATER maker and distributor Endless Solar Corporation has confirmed it plans a public float later this year yet is being coy on which stock exchange it might list on. The Sydney-based Endless, part owned by the listed Authorised Investment Fund, has written to its shareholders about its plan, although there were no financial details on its performance or the size of the float. The company uses what is known as evacuated tube technology, developed in association with clothes hoist maker Hills Industries, to make its domestic water heaters. Endless Solar has been expecting a profit of about $200,000 for the last financial year.