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Launch of Flow and CME update

14th Dec 2012 07:00

RNS Number : 5060T
Energetix Group plc
14 December 2012
 



Energetix Group plc

("Energetix" or "the Group")

 

Launch of new consumer brand Flow &

Controlled Market Entry phase update

 

Energetix Group plc, (AIM: EGX), the developer and provider of energy efficient products and retail energy services, announces that it has launched its energy services business under the brand "Flow" (previously Kingston Energy & Genlec).

 

The newly launched website (www.freeflow.uk.com) allows customers to register their interest in the Flow Boiler and to sign-up to buy electricity and gas from Flow Energy, as well as explaining free boiler model and how a Flow boiler pays for itself.

 

The Flow boiler is being launched initially in the North West of England in the second half of 2013 and will then be rolled out to the rest of the country.

 

Controlled Market Entry phase update

Further to the announcement on 29 October 2012 of the successful start to a Controlled Market Entry ("CME") phase, Energetix announces that the CME is proceeding as expected. The billing processes, IT systems and customer services have proved to be robust in an operational environment and therefore the Group continues to expect the energy business to go live under the Flow brand after the CME concludes.

 

As part of the CME phase there will be approximately 10-20 Flow boilers installed to test and refine the installation process. A small number of boilers have already been successfully installed and these will be trialled over the winter period.

 

Tony Stiff, Managing Director of Flow Energy, said, "We are delighted that the Controlled Market Entry phase is proceeding as expected and the installation of our first microCHP boilers before Christmas is an important step forward. With the launch of the Flow brand we now have a strong customer facing brand to drive our commercial success."

 

 

For further information please contact:

 

Energetix Group plc

www.energetixgroup.com

Peter Richardson, Chief Executive Officer

Tel: +44 (0)151 348 2100

Tony Stiff, Managing Director of Flow Energy

Tel: +44 (0)20 3137 4466

 

 

Cenkos Securities plc (NOMAD & Broker)

www.cenkos.com

Stephen Keys / Adrian Hargrave (Corporate Finance / Nomad)

Julian Morse (Sales)

Tel: +44 (0)20 7397 8900

 

 

Walbrook PR Ltd

Tel: +44 (0)20 7933 8780

Paul McManus (Media Relations)

[email protected]

Paul Cornelius (Investor Relations)

[email protected]

 

 

About Energetix Group plc

 

Energetix Group plc is a developer of cost-effective products to meet the growing global demand for alternative efficient energy. Currently Energetix has three subsidiary businesses:

 

Flow - microCHP energy generation and retail electricity & gas

Pnu Power - compressed air back-up power for the protection of essential systems

 

In addition, Energetix has a c.27% stake in VPhase plc, an energy efficiency business created by Energetix and subsequently spun out in 2010. VPhase is now a standalone independently funded commercial venture.

 

With all technology development now completed Energetix is well positioned as it moves to the commercialisation stage of its corporate development.

 

Flow (formerly Genlec and Kingston Energy)

 

Flow Products has developed a highly efficient, compact and light weight, wall mounted microCHP (Combined Heat and Power) appliance known as the Flow Boiler (formerly the Kingston Boiler). The Flow Boiler is specifically designed to generate 1kW of electrical power to meet the UK's Microgeneration Certification Scheme (MCS) to enable UK owners to receive the Government's Feed-In Tariff for approved microCHP devices. The Flow Boiler therefore has an inherent low total cost of ownership (initial outlay plus maintenance) and has already demonstrated industry leading payback cycles which many analysts believe is the key to unlocking this significant market opportunity.

 

Flow Energy is a unique dual fuel energy company, which will provide free microCHP boilers to its customers in return for a commitment to buy gas and electricity, with a price promise that energy prices will not exceed those of the major energy suppliers.

 

Pnu Power

 

Pnu Power focuses on the provision of compressed air back-up power which can ensure an uninterruptible power supply for critical systems, particularly for the telecoms, data centre and power transmission markets. Pnu Power range has been extended to include the DC100 product that can now meet the demand of the rapidly growing Green Data Centre market, providing a low carbon alternative to flywheels. Pnu Power has been successful in achieving repeat trial sales and is now poised to move out of the trial sales phase and into full volume commercial sales.

 

Energetix Group joined AIM in August 2006. The Group and its subsidiaries and associates are based near Chester, NW England and Ipswich, Suffolk.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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