Borealis Affiliated Companies
Borealis Exploration Limited, CUSIP # 099720 10 4, has principal ownership interests in its subsidiaries, all of which (other than Faraway Holdings (Barbados) Limited and Roche Bay Holdings (Barbados) Limited, which are registered in Barbados, and Borealis Exploration Incorporated and WheelTug Limited, which are registered in USA) are registered in Gibraltar:
Directly held:
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Borealis Technical Limited
Borealis Exploration Incorporated
Credits Holdings Limited
Faraway Holdings Limited
Roche Bay Holdings Limited
Indirectly held:
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Asamera Limited
Avto Metals Public Limited Company, CUSIP # X0269H 10 2
Chorus Motors Public Limited Company, CUSIP # X1305M 10 5
Cool Chips Public Limited Company , CUSIP # X16065 10 8
Cool Chips Military Sales plc
Faraway Holdings (Barbados) Limited
Faraway Public Limited Company, CUSIP X23794 10 4
Photon Power Public Limited Company
Power Chips Public Limited Company, CUSIP #X6919W 10 0
Roche Bay Holdings (Barbados) Limited
Roche Bay Public Limited Company, CUSIP # X73580 10 6
Borealis Roche Bay Limited
Wheeltug Public Limited Company
WheelTug Limited
Borealis Technical Limited is the umbrella for all of Borealis’ research and development work. Each of these projects, once they reach a suitable development stage, has license rights for that technology spun off to a subsidiary company which can then raise and spend funds specifically on the basis of that technology. Borealis Technical remains the ultimate repository of all invention assignments, and the subsidiary companies start out as wholly owned subsidiaries.