CHARLOTTE, N.C., Oct. 6, 2016 /PRNewswire/ -- Blue Sphere Corp. (OTCQB: BLSP) (the "Company" or "Blue Sphere"), a clean-tech independent power producer that develops, owns and manages waste-to-energy facilities globally, announced today that the Company has engaged Stern Brothers & Co. to assist it with project level activities, including transaction structuring and capital raising. The Blue Sphere pipeline of waste-to-energy developments and acquisition targets has grown and Blue Sphere's management determined that the most efficient way to manage this growth and its overall Project Finance needs was to hire a dedicated Investment Banker.
Stern Brothers Clean-tech Energy & Infrastructure Group's focus is to assist in the development and capitalization of companies, developers, and technology providers in clean technology and sustainable infrastructure globally. Stern Brothers arrange capital through private placements and underwritings, provide general strategic advisory services for companies and projects, and help to execute merger, divestiture, acquisition, and corporate development transactions. Stern Brothers is a certified woman-owned business enterprise ("WBE") and is one of the few remaining independent, private investment banks in the country.
Blue Sphere will continue to work with its corporate Investment banking firm; Maxim Group. Maxim will focus on the Company's corporate capital and capital markets advisory needs.
"Stern Brothers is very excited to be working with Blue Sphere, one of the top biogas companies in the world. We look forward to financing projects for them globally," said John May, Stern Brothers Managing Director.
"We are very excited to be working with such a respected Investment Banking firm filled with talented executives. We believe that Stern Brothers experience and relationships in the alternative energy and clean-tech sectors will help Blue Sphere meet it global goals," said Shlomi Palas, the Blue Sphere CEO.
About Blue Sphere Corporation
Blue Sphere Corporation operates in the fast growing clean-tech sector as a waste-to-energy project integrator. Blue Sphere develops waste-to-energy and other renewable energy projects. The Company aspires to become a key player in the global waste-to-energy and renewable energy markets. For further information, please visit the Company's website: www.bluespherecorporate.com.
About Stern Brothers & Co
As a privately-held investment bank, Stern Brothers is not tied to a larger broker-dealer or commercial bank that may have priorities other than public finance. In addition, unlike our competitors, 100% of the capital of our firm is dedicated to public finance, which supports our goal to be aligned with the goals and needs of our clients. Since 1917, Stern Brothers has been advising public and private decision makers on the best ways to fund capital projects. The firm has particular expertise in crafting innovative structuring solutions to meet the capital funding needs of our issuing clients. For more information, please visit the Stern Brothers website: www.sternbrothers.com
This press release contains certain forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties and may change at any time. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors including, without limitation, (i) uncertainties regarding general economic and market conditions, (ii) uncertainties regarding changes in the Clean tech sector, (iii) uncertainties regarding implementation of the Company's business strategy, and (iv) other risk factors as outlined in the Company's periodic reports, as filed with the U.S. Securities and Exchange Commission. As such, there is no assurance that the initiatives described in this press release will be successfully implemented or meet expectations. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events.
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SOURCE Blue Sphere Corporation