22nd Mar 2024 14:21
Libertine Holdings PLC - Sheffield, England-based technology platform solutions provider - Notes "good technical and business development" in the year-to-date. Says full-year revenue is expected to be below market expectations, at around GBP300,000 compared to GBP900,000 the year before, however.
Chief Executive Officer Sam Cockerill says: "Whilst automotive applications could ultimately provide the majority of Libertine's addressable market share, battery electric vehicle market evolution uncertainties are feeding into customer product strategies and the timing of automotive product development programmes.The addressable market potential for our technology continues to expand, with the emergence of dispatchable power generation applications, informed by inbound enquiry from multiple energy service businesses and engine OEMs across a number of geographic regions. Linear Generator technology is increasingly recognised as an important technology solution for data centres and other behind-the-meter dispatchable power generation applications."
Current stock price: 4.24 pence, down 0.2%
12-month change: down 77%
By Sabrina Penty, Alliance News reporter
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