5th Dec 2007 07:01
Energetix Group plc05 December 2007 Press Release 5 December 2007 Energetix Group plc ("Energetix" or "the Group") Energetix subsidiary, Pnu Power, delivers and installs first order to South African utility Energetix Group plc (AIM: EGX), a leading developer of new and sustainablealternative energy products, is pleased to announce that its backup powersubsidiary, Energetix Pnu Power Ltd, has successfully supplied and commissionedits first compressed air backup power unit to South African electricity utilityEskom Holdings Limited (Eskom), one of the top ten largest electricity producersin the world. The Pnu Power TC1 (TC1) compressed-air UPS (uninterruptible power supply) devicewill be deployed to a live substation and will provide over 10 hours of standbypower for relay-switching. The TC1 unit will be tested over the next few monthsunder the control of Eskom's DC Systems division with the assistance of theElectronic and Electrical Engineering Department of Stellenbosch University. Secure power is critical in many applications, including relay-switching andtelecommunications, and alternative backup power solutions such as the TC1 unitare ideally positioned to fulfil this need. Energetix Pnu Power recentlyexhibited its compressed air power TC1 unit at the Intelec conference in Rome.Demonstrations of the technology were given to major telecoms operators (e.g.Telecom Italia, Vodafone), telecoms systems companies (e.g. Nokia, Emerson), andseveral other leading players in the growing market of standby power for basetransceiver stations (BST). In the next stage of the commercialisation process,Energetix Pnu Power will field-test units with major operators and systemssuppliers. Adrian Hutchings, CEO Energetix Group plc, commented: "We are confident thatthis delivery and subsequent field-testing at Eskom will demonstrate theviability, reliability, and cost advantage of Energetix Pnu Power's productsover other alternative backup power technologies such as batteries, flywheelsand fuel cells. This significant opportunity, as well as the extremely positiveresponse received at our demonstrations at Intelec, will together pave the wayfor further market opportunities for Energetix Pnu Power systems." - Ends - For further information:Energetix Group plcAdrian Hutchings, Chief Executive Officer Tel: 0151 348 2111Richard Smith, Chief Financial Officer Tel: 0151 348 2116 www.energetixgroup.com Zeus Capital 0161 831 1512Alex ClarksonBen Thompson www.zeuscapital.co.uk BankOra Limited 020 7562 4700Michael BrennanHenry Turcan www.bankora.com Media enquiries:Abchurch Communications 020 7398 7712Justin HeathMonique [email protected] www.abchurch-group.com About Energetix Group plc Energetix Group plc is a leading developer of new and sustainable alternativeenergy products. The Group operates by identifying key market demands forefficient, reliable and cost-effective energy provision and by developing arange of core technologies that address these market needs. Energetix was established by Adrian Hutchings in 1997, having spent the previousfour years at British Nuclear Fuels plc ("BNFL") developing alternative energyproducts and identifying new business ventures for energy systems. Adrian and his highly experienced team floated the Group on AIM in August 2006and are currently focusing on the following core technologies: Genlec, a microcombined heat and power (CHP) product for the domestic boiler market; and PnuPower, an electro-mechanical energy store for uninterruptible power supply (UPS)for commercial applications. These global markets are currently valued at £8bnper annum and in excess of £1.2bn per annum respectively. Energetix focuses on solutions that are easy and cost-effective to manufacture,and which can realise payback for the end-user quickly. It targets innovationsthat can readily replace conventional, inefficient devices and which requireminimal shifts in consumer behaviour to adopt. In September 2007, the Group listed a third business, Energetix Voltage ControlLimited, on AIM, under the name of VPhase plc. Energetix retains a majorityshareholding in VPhase, which is developing a range of technologies designed toreduce energy consumption whilst at the same time seeking to make use ofexisting proven components. Its first such product is a device that controlsthe incoming voltage to a property, saving energy and increasing appliance life. Energetix Group and its subsidiaries are all based near Chester, NW England. About Eskom Eskom is a vertically integrated operation that generates, transmits anddistributes electricity. Eskom is owned by the South African Government andgenerates 95% of the electricity used in South Africa. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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