6th Nov 2013 13:00
LONDON (Alliance News) - Powerhouse Energy Group PLC Wednesday responded to a vast increase in share price and trading volumes since Tuesday by stating that it is not aware of any reason for such movement.
The ultra high temperature gasification technology company said it is continuing with previously announced projects despite the company's 136% share price increase since the opening of trading Tuesday to 7.31 pence Wednesday.
The company said it is continuing with its testing programme and expects the first commercial delivery of its products in early 2014.
Powerhouse Energy also said it is continuing the process to obtain a full EU Compliance Certification for its smaller five tonne per day unit which it expects to achieve later this month.
By Tom McIvor; [email protected]; @TomMcIvor1
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