18th Feb 2013 07:00
Energetix Group plc
("Energetix" or the "Company")
Notice of allowance for Pnu Power patent
Energetix Group plc, (AIM: EGX), the developer and provider of energy efficient products and retail energy services, announces that its subsidiary Energetix Pnu Power Limited ("Pnu Power") has received notice of allowance from the UK Intellectual Property Office for an important method patent relating to the core technology within its compressed air uninterruptible power supply ("UPS") products.
The patent titled "Lubrication of Positive Displacement Expanders" describes the method by which efficiency of the conversion of compressed air into electrical power can be optimised with minimal lubrication of mechanical components.
Pnu Power produces ultra-reliable back-up power solutions, using compressed air, for utility switching, telecommunications, data centres and other mission critical industrial operations. The Pnu Power system outperforms conventional back-up power solutions in terms of reliability and safety, particularly in harsh environments such as those with high temperatures or humidity.
The grant of this patent provides additional protection to the Company's core product platform and builds on the Company's intellectual property portfolio relating to its Pnu Power technology. The Company has a core patent granted in 20 countries which protects its compressed air driven UPS system as well as two further patents providing additional protection.
Energetix continually builds on its solid technology platforms with a robust portfolio of intellectual property including key patents, trademarks and know-how to enable exploitation across its global markets.
Commenting James Derby, General Manager of Pnu Power, said: "Pnu Power has its foundations rooted in strong intellectual property and this notice of allowance provides yet further protection for our technology which is being increasingly recognised as a leading battery free form of back-up power."
For further information please contact:
Energetix Group plc | www.energetixgroup.com |
Peter Richardson, Chief Executive Officer | Tel: +44 (0)151 348 2100 |
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Cenkos Securities plc (NOMAD & Broker) | www.cenkos.com |
Stephen Keys / Adrian Hargrave (Corporate Finance / Nomad) Julian Morse (Sales) | Tel: +44 (0)20 7397 8900 |
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Walbrook PR Ltd | Tel: +44 (0)20 7933 8780 |
Paul McManus (Media Relations) | |
Paul Cornelius (Investor Relations) |
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 two 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.25.7% 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) - www.freeflow.uk.com
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. 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.
Related Shares:
Flowgroup