18th Dec 2009 07:00
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Press Release |
18 December 2009 |
Energetix Group plc
("Energetix" or "the Group")
Energetix Pnu Power Ltd - order for trial Pnu Power unit in Spain
Energetix Group plc (AIM:EGX), a group of companies with three cost-effective products (Pnu Power, Genlec and VPhase) 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 to supply a 10kVA compressed-air back-up power system to the Spanish-based international infrastructure management group Abertis Infraestructuras, S.A. ("Abertis"), through Pnu Power's Spanish distributor.
This is an important order as it further extends the Pnu Power product range to cover systems up to 10kVA with full uninterruptible power supply ("UPS") capability. The order will be used for a trial installation on a Spanish television broadcast system. The Company believes that a successful trial could lead to further sales to Abertis via the Spanish distributor.
Abertis is Spain's leading provider of transport and communications infrastructure management. Abertis operates in 17 countries across Europe, Africa and the Americas with activities in toll roads, telecommunications infrastructure, airports, car parks and logistics parks. Abertis sees the Energetix Pnu Power unit as an environmentally friendly option for UPS due to its low energy consumption, long installed life and high degree of recyclability.
Neil Bright, Operations Director of Energetix Group, commented: "This is a significant development for Energetix Pnu Power as it takes us into new and exciting market areas. The order further validates our systems as an environmentally friendly and highly reliable alternative to conventional industrial batteries. An order from such a significant customer is yet another important step forward as Energetix Pnu Power commercialises its back-up power technology, which has already achieved orders in the utility switching, telecommunications and security 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 |
Tel: +44 (0) 20 7634 4700 |
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Andrew Craig/Ben Wright, NOMAD |
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Shaun Whyte, Corporate Broking |
www.ambrian.com |
Media enquiries
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Abchurch Communications Limited |
Tel: +44 (0) 20 7398 7700 |
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Justin Heath / Monique Tsang |
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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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