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Pnu Power Wins Industry Award

30th Oct 2012 07:00

RNS Number : 8002P
Energetix Group plc
30 October 2012
 



 

Energetix Group plc

("Energetix" or "the Group")

 

Pnu Power wins award for Most Innovative Product of the Year

 

Energetix Group plc, (AIM: EGX), the developer and provider of energy efficient products and retail energy services, announces that the Group's wholly owned subsidiary Energetix Pnu Power Limited ("Pnu Power") has won the award for the Most Innovative Product of the Year at this year's prestigious Electrical Industry Awards for its compressed air power back-up system.

 

The 20th annual Electrical Industry Award winners were announced at a gala ceremony in London, which brought together the electrical industry's best and brightest innovators, pioneers and leaders to recognise cutting-edge talent that delivered impactful results for their brands.

 

Peter Richardson, CEO of Energetix Group said: "I am delighted that James Derby and his team at Pnu Power have finally received the recognition they deserve for the design and development of the innovative Pnu Power system. Pnu Power now has significant potential to expand its footprint of installations across the rapidly expanding Green Data Centre market, providing a low carbon alternative to traditional back-up power systems."

 

Rodney Jack, editor of Electrical Times said, "For many people who work in the industry, it isn't about winning awards, but simply doing the best job that they can. Having said that, excellence deserves to be rewarded and Pnu Power can feel justifiably proud of its award win."

 

 

For further information please contact:

 

Energetix Group plc

www.energetixgroup.com

Peter Richardson, Chief Executive Officer

Tel: +44 (0)151 348 2100

 

 

 

 

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:

 

Genlec - distributed energy generation for domestic dwellings

Kingston Energy - retail energy provision (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.

 

Genlec & Kingston Energy

 

Genlec has developed a highly efficient, compact and light weight, wall mounted mCHP (Combined Heat and Power) appliance known as the Kingston Boiler. The Kingston 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 Kingston 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.

 

Kingston Energy is a unique dual fuel energy company, which will provide free Kingston microCHP boilers to its customers in return for a commitment to buy gas and electricity from Kingston Energy, with a guarantee 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.

 

About Electrical Times

Electrical Times magazine is a monthly electrical trade publication with a circulation of 10,548 directed at the decision makers of mid- to upper-sized electrical contracting businesses, project engineers and wholesalers. It is a cost effective vehicle targeted to reach those responsible for the purchase of electrical equipment, materials, and services.

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