ISE Limited Completes Initial Public Offering

ISE Limited (TSX: ISE) reported that the company has successfully completed its initial public offering of 3,450,000 common shares at a price of C$6.00 per common share for gross proceeds of C$20,700,000 on February 23, 2010.

The press release is quoted as saying:

ISE Limited is a leading developer, manufacturer and distributor of heavy duty hybrid-electric drive systems based on our core proprietary technology, which is focused on three critical subsystems: energy storage, controls software and power electronics. ISE specializes in series hybrid-electric and all-electric/zero emission technologies, and offers industry-leading energy storage systems and hybrid system components.

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