30th Mar 2007 07:01
Energetix Group plc30 March 2007 For Immediate Release 30 March 2007 Energetix Group plc ("Energetix" or the "Company") Appointment of Joint Broker The Board of Energetix Group plc (AIM:EGX) is pleased to announce theappointment of BankOra Limited as Joint Broker to the Company. Zeus Capital remains the Company's Nominated Advisor and Broker. For further information please contact: Energetix Group plc 0151 348 2111Adrian Hutchings, Chief Executive OfficerRichard Smith, Chief Financial Officer 0151 348 2116 Zeus Capital 0161 831 1512Alex ClarksonBen Thompson BankOra Limited 020 7099 1940Mike Brennan Buchanan Communications 020 7466 5000Ben WilleyBen Romney Notes to Editors: About Energetix Group Energetix floated on AIM in August 2006, raising £5.4 million net of expenses. The Company is developing two products - namely GenlecTM - a micro CHP product for the domestic boiler market and Pnu Power an uninterruptible power supply product for the small to mid range power market. The Board of Energetix includes individuals experienced in the formation and delivery of new technology businesses, with specific market knowledge and involvement in energy policy development. About GenlecTM The GenlecTM based micro CHP appliance has similar dimensions to current boilersand is wall hung, which is important given that circa 90 per cent. of theWestern European boiler market comprises wall hung units. The appliance willalso have very similar service and maintenance requirements to normal boilers. The GenlecTM system uses the Organic Rankine Cycle principle, similar to thatused in refrigeration. An organic liquid is pressurised by a pump and thenevaporated using heat from the boiler. This pressurised vapour then passesthrough the scroll expander, driving the scroll as it decompresses turning agenerator that produces electricity. The low-pressure organic vapour then passesthrough the heat exchanger to produce useable hot water. The organic vapourcondenses to a liquid and then repeats the process. About Pnu Power Pnu Power is a new compressed air energy storage technology that is analternative to valve regulated lead acid batteries. Its primary use and marketwill be the energy storage element of the uninterruptible power supply market. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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