19th Aug 2009 07:00
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Press Release |
19 August 2009 |
Energetix Group plc
("Energetix" or "the Group")
Energetix Pnu Power Ltd - contract win from National Grid UK
Energetix Group plc (AIM:EGX), a Group with three cost-effective products to meet the growing demand for alternative energy, is pleased to announce that its subsidiary Energetix Pnu Power Limited ("the Company") has received an order from National Grid UK to supply a unit to be used in a standby power application supporting switchgear at National Grid's 275kV switchyard in Capenhurst, Cheshire, UK.
The system will form part of a trial programme to evaluate the performance of the Pnu Power system in providing back-up power in a real-life application on relay and circuit breaker switching which requires high levels of system integrity.
Neil Bright, Operations Director of Energetix Group, commented: "This is a significant milestone for Energetix Pnu Power. As part of our strategic plan we have identified utility switching as a key target market. This order, from the UK's largest operator of such equipment, is an important step forward as Energetix Pnu Power commercialises its back-up power technology, which has already achieved orders from the telecoms and defence sectors."
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For further information:
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Energetix Group plc |
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Adrian Hutchings, Chief Executive Officer |
Tel: +44 (0) 151 348 2111 |
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Richard Smith, Chief Financial Officer |
Tel: +44 (0) 151 348 2116 |
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www.energetixgroup.com |
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Ambrian Partners Limited |
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Andrew Craig / Ben Wright, NOMAD |
+44 (0) 20 7634 4700 |
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Shaun Whyte, Corporate Broking |
Media enquiries:
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Abchurch Communications Limited |
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Justin Heath / Joanne Shears / Jack Ballantyne |
020 7398 7700 |
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www.abchurch-group.com |
About Energetix Group plc
Energetix Group plc has three businesses with cost-effective products to meet the growing global demand for alternative energy. With a focus on distributed generation, energy storage and energy efficiency, the Energetix businesses are:
Energetix (Pnu) Power Limited - compressed-air back-up power;
Energetix Genlec Limited - distributed generation in the home; and
VPhase plc - domestic energy efficiency.
Energetix's strategy is to create products based on robust engineering principles, regularly utilising existing mass-produced components configured in a novel and patentable way. Avoiding cutting-edge science has enabled the Group's businesses to de-risk the new product development process which in turn reduces development time and costs. This has enabled the businesses to have a lower-than-normal technology risk while still producing strong intellectual property. In addition, this facilitates the outsourcing of production and assembly, significantly reducing the Group's investment in capital equipment. The body of know-how developed within the Group has also enabled our businesses to modify the design of existing mass-produced components to reduce costs, improve efficiency and strengthen the Group's intellectual property position.
Energetix Group joined AIM in August 2006. The Group and its subsidiaries are all based near Chester, NW England.
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