22nd Jun 2006 09:00
Compact Power Holdings PLC22 June 2006 For Immediate Release 22 June 2006 QinetiQ and Compact Power team up to supply waste system for HMS Ocean Compact Power is pleased to announce that an agreement has been signed withQinetiQ that will see the two companies tendering for the supply of a wastemanagement system for the Royal Navy's largest vessel HMS Ocean. The centrepiece of the system will be the small scale pyrolysis plant designedby Compact Power which has successfully completed commissioning and land trialsat QinetiQ's facility at Haslar, Gosport. The project will involve the build, fitting and commissioning of the plant inHMS Ocean during her refit in 2007. The plant design which handles 150 kilograms an hour of mixed waste and reducesit to an inert ash is based on Compact Power's proprietary technology that hasnow been operating at Avonmouth for over five years. This will significantlyreduce the requirement for waste storage and handling on ships and meetinternational environmental regulations. QinetiQ has a long record as a developer and supplier of advanced technology tothe armed forces and has been developing a range of waste management systems forThe Royal Navy. As part of this work they secured with Compact Power thecontract to develop the Marine Pyrolysis Unit. Having completed this jobsuccessfully and on time the two companies now wish to build on this success andmarket the process to other navies and ship owners. Nic Cooper Compact Power Chairman comments: "The successful development of the small-scale plant with QinetiQ has been agreat success that has been in no small part due to the complimentary skills ofthe two companies. I am delighted that we are now building on this partnershipto supply and fit the plant for HMS Ocean, and hope that this is the start ofsuccessful marketing of this system." Compact Power has completed work on designing a land based version of this plantthat will have other potential military applications and provide on site wasteprocessing for organisations such as hospitals. QinetiQ Business Development Manager, Ian Grant commented: "We are very pleasedto be working with Compact Power on the development of Pyrolysis technology forthe Royal Navy's future waste management support initiative. The technology willmake the Royal Navy compliant with MARPOL legislation and reduce the day to daydrudgery of the ships' crew. The system also has the potential to producecombined heat and power which in turn could reduce the overall fuel bill for theRoyal Navy." Notes to editors About Compact Power Compact Power (LSE: CPO) a company listed on The London Stock Exchange (AIM) hasdeveloped an innovative technology based on pyrolysis, gasification and hightemperature oxidation for the safe, economic and environmentally friendlyprocessing of a wide range of wastes and biomass with energy recovery. Thecompany operates a commercial plant at Avonmouth, Bristol. For more information, visit www.compactpower.co.uk About QinetiQ QinetiQ is a leading international defence and security technology company thatwas formed in July 2001 from the UK Government's Defence Evaluation & ResearchAgency (DERA). Today, QinetiQ has over 11,500 employees, who deliver technology-based services and exploit QinetiQ's strengths in technology researchby selling systems solutions,products and licences to government and commercialcustomers in a spectrum of defence, security and other commercial markets. On 15 February 2006, QinetiQ Group plc was listed on the London Stock Exchange -main market. The MOD and Carlyle remain the largest shareholders, with QinetiQstaff across the company also being a large collective shareholder. For further information, please contact QinetiQ Press Office on Tel: +44 (0)1252 39 3500 Email: [email protected] www.QinetiQ.com Contacts Richard Hogg - Business Development ManagerCompact Power LtdT: 0117 9802910M: 07771 734374E: [email protected] Web: www.compactpower.co.uk Ken Rees/Paul VannWinningtons FinancialT: 0117 920 0092M: 07802 466567 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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