1st Nov 2010 07:00
Press release | 1 November 2010 |
VPhase plc
("VPhase" or the "Company" or the "Group")
Certification in Australia and New Zealand
VPhase plc, (AIM:VPHA), a leading developer of energy saving products for residential and commercial properties,is pleased to announce that it has achieved certification to sell its product into Australia and New Zealand.
This certification allows VPhase to be sold in Australia and New Zealand, and offers the Group considerable opportunity to broaden its sales strategy beyond its current European reach. This should build on the increasing rate of sales in the UK as announced at the Group's Interim Results on 28 September 2010.
Rick Smith, CEO of VPhase, commented: "We are very pleased to have taken what we consider to be a significant step forward in terms of global sales opportunities. This certification means that VPhase can now be sold not only across Europe, but also in Australia and New Zealand which should open a significant new market for the Group. We look forward to continuing to drive sales in the UK, as well as expanding into other geographic markets."
- Ends -
For further information:
VPhase plc | |
Rick Smith, Chief Executive Officer | +44 (0) 151 348 2100 |
www.vphase.co.uk |
Ambrian Partners Limited | +44 (0) 20 7634 4700 |
Andrew Craig / Ben Wright, NOMAD | www.ambrian.com |
Media enquiries
Abchurch Communications Limited | +44 (0) 20 7398 7710 |
Sarah Hollins / Joanne Shears / Quincy Allan | |
www.abchurch-group.com |
Notes to Editors:
About VPhase PLC
VPhase plc provides a product that reduces the energy consumption of many domestic electrical appliances.
The VPhase device:
·; attaches to the consumer unit (fuse box) and regulates the voltage to 220 volts;
·; is low cost, with a payback of under 5 years;
·; easy to fit by a qualified electrician;
·; saves money from the moment of installation, with no need for behavioural changes;
·; enables many appliances to work more efficiently; and
·; reduces electricity usage and carbon emissions.
Independently verified tests by VPhase have demonstrated that the product can typically save around 10% of the electricity across a range of domestic products including fridges, freezers, central heating pumps, televisions and other items, even 'energy-saving' light bulbs. This should equate to savings for the typical homeowner of between £40 and £135 per annum.
In addition, there is evidence that the life of electrical appliances can be extended by the use of this product; light bulbs, in particular, have demonstrated at least two times longer life when on a circuit managed by the voltage optimisation product as compared to those without the product.
www.vphase.co.uk
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