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AQUARIUS ENGINES A M LTD (AQUEF), known publicly as Aquarius Engines, is an energy-focused manufacturing company that develops and produces small generators for electricity production. According to company disclosures, its technology centers on compact internal combustion engines designed for power generation, with an emphasis on efficiency, size, and the ability to work with various fuels.

The company is associated with the manufacturing sector and is described in industry classifications as operating within industrial and commercial equipment manufacturing. Aquarius Engines reports that it holds dozens of registered patents in the United States and other jurisdictions, with additional patents in the registration process. It has been traded on the Tel Aviv Stock Exchange under the symbol AQUA since December 2020.

Core Technology and Products

Aquarius Engines has developed a small, lightweight linear engine that serves as the core of its generator systems. Company materials describe a 10 kg engine with only one moving part, designed to convert fuel into electricity without the use of oil. The engine’s compact size and low weight are presented as contributing to high mechanical efficiency, low emissions, and reduced pollution compared with large traditional engines.

Based on this engine, Aquarius has created generator systems for small-scale power generation. Earlier generators referenced by the company weigh around 100 kg and are intended for applications where logistics, maintenance, space, and size are challenging. More recent communications describe a 150 kW Aquarius generator unit sized approximately to a euro pallet and powered by LPG, with the expectation that it will also operate on CNG and hydrogen. The company states that these units are smaller than competing products and are modular, allowing multiple generators to be connected for higher capacities, with remote monitoring and control capabilities.

Business Focus and Target Markets

According to company statements, Aquarius Engines initially targeted the telecommunications sector, working with backup power providers for telecom towers and conducting field tests in regions such as Northern Italy. The company has reported a purchase order for generators from Tecnoelettra, a power solutions supplier serving, among others, the telecommunications industry. It has also disclosed strategic collaboration with Nokia in the field of remote communication and energy equipment management for its generator systems.

More recent communications highlight a focus on the electric vehicle charging market. Aquarius describes its systems as generating and supplying clean electricity to enable ultra-fast charging of electric vehicles, independent of the power grid. The company states that these systems are smaller and more efficient than existing market solutions. Initial deployments for the 150 kW generator are planned for electric vehicle charging use cases, including pilots with one of the world’s largest car rental companies, fleet operators with large vehicle fleets, and an installation at the Port of Long Beach to support electrification needs such as cranes and transport vehicles.

The company also notes that its generator size and weight make it suitable for locations such as airports, parking lots, ports, and data centers, which it identifies as early markets where the system is expected to be installed.

Additional Application Areas

Beyond telecom and electric vehicle charging, Aquarius Engines has described a range of additional application areas for its engine and generator technology. Company materials refer to potential uses in truck power units, aviation, maritime applications, defense-related propulsion solutions, and range extenders for the automotive industry. The company has also mentioned light aviation engines and charging systems for marine vessels as target markets, while indicating that its current operational focus is on successful production and deployment of the 150 kW generator.

Technology, Fuels, and Intellectual Property

Aquarius Engines emphasizes that its linear engine and generator technology can operate on various fuels. Company disclosures state that its green generator can run on hydrogen, E85 ethanol, methanol, and LPG, and that the 150 kW generator is powered by LPG with plans for operation on CNG and hydrogen. This fuel flexibility is presented as a competitive advantage, particularly in the context of green and synthetic fuels.

The company reports that its technological development is based on a decade of research, tens of thousands of engineering hours, and significant investment. It states that it holds approximately 44 registered patents in the U.S. and other countries, with roughly 43 additional patents in the registration process. Earlier communications referenced around 20 patents registered worldwide, indicating growth in its intellectual property portfolio over time.

Strategic Partnerships and Investors

Aquarius Engines has disclosed strategic relationships with several automotive and technology companies. It reports partnerships with Japanese auto-parts manufacturers TPR and Musashi Seimitsu, a Honda-affiliated company. These relationships include investment by TPR and Musashi Seimitsu and memoranda of understanding covering cooperation in research and development, manufacturing, assembly, distribution, marketing, and sales of Aquarius engines and generators. The company has also described TPR as a potential manufacturing partner for its products in Japan and has discussed the establishment of a Japanese subsidiary to support these activities.

In addition to its automotive partners, Aquarius highlights its collaboration with Nokia in remote communication and energy equipment management. The company has also reported pilots and field tests in multiple regions, including North America, Europe, Asia, and Australasia, and commercial orders from Tecnoelettra in Italy.

Company communications list shareholders that include Tier 1 Japanese automotive companies such as TPR and Musashi, as well as institutional investors in Israel. Aquarius has also announced capital raises from private investors, management, employees, and other stakeholders to support its development and deployment plans.

Geographic Footprint and Operations

Aquarius Engines is based in Israel and states that it operates research, development, manufacturing, or activity centers in Israel, Germany, Japan, and Poland. These locations are described as supporting its technology development, adaptation to different fuels such as hydrogen, and expansion into target markets including Japan and other international regions.

Corporate Developments and Capital Raising

Company communications describe organizational and financial restructuring, including changes in management and efforts to strengthen its capital base. Aquarius has reported entering into investment agreements to raise capital, including a capital raise of approximately $10.3 million from strategic investors, management, employees, and existing shareholders. It has also stated that it is working to adapt its financial reports, engage legal advisors, and pursue the registration of its shares for trading on Nasdaq, while noting that these plans depend on fundraising and other factors and are subject to uncertainty.

Position Within the Energy and Manufacturing Sector

Within the broader manufacturing and energy landscape, Aquarius Engines presents itself as an energy company focused on small-scale power generation engines and generators. Its technology is positioned toward applications that require compact, efficient power sources, including backup power for telecom infrastructure and off-grid or grid-independent electric vehicle charging. The company’s emphasis on fuel flexibility and internal combustion engines with a single moving part reflects its approach to combining mechanical simplicity with the use of alternative and green fuels.

Risk and Forward-Looking Considerations

Aquarius Engines explicitly notes that many of its plans, including capital raising, Nasdaq listing efforts, deployment timelines for generators, and international distribution, are forward-looking and depend on factors beyond its control. The company cautions that these projections may materialize differently or not at all. Investors and observers should therefore distinguish between the company’s historical disclosures—such as completed investments, existing partnerships, and past orders—and its stated expectations for future developments.