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VPhase receives order for 600 VPhase VX1 units

9th Sep 2011 13:13

RNS Number : 9743N
VPhase PLC
09 September 2011
 



 

 

Press release

9 September 2011

 

VPhase plc

 

("VPhase" or the "Company" or the "Group")

 

VPhase receives order for 600 VPhase VX1 units

 

 

VPhase plc, (AIM:VPHA), a leading developer of energy saving products for residential and commercial properties, is pleased to announce that it has received an initial order from an electrical distributor to supply 600 of the VPhase VX1 product for Stockport Homes' "SHINE" program.

 

These units represent the first phase of a 1,200 unit project to install the VPhase VX1 units alongside solar photovoltaic panels ('PV') on 1,200 housing stock for Stockport Homes. The units will be installed by Stockport Homes' nominated installer.

 

Rick Smith, CEO of VPhase commented: "We are delighted to have secured this order which validates our drive into the social housing sector. We are committed to helping customers save money off their electrical bills, further reducing their CO2 emissions and thus helping to make social housing to become even more affordable."

 

- Ends -

 

For further information:

VPhase plc

Rick Smith, Chief Executive Officer

+44 (0) 151 348 2100

www.vphase.co.uk

 

Panmure Gordon

+44 (0) 20 7459 3600

Hugh Morgan / Abhishek Majumdar

Corporate Finance

www.panmure.com

 

Adam Pollock

Corporate Broking

Media enquiries

Abchurch Communications Limited

+44 (0) 20 7398 7710

Sarah Hollins / Quincy Allan

[email protected]

www.abchurch-group.com

 

Notes to Editors:

 

About VPhase

VPhase plc is an energy efficiency technology company that launched the first domestic voltage optimisation device in the UK. The VPhase VX1 lowers the voltage in the home, reducing the energy consumption of many electrical appliances, saving money and reducing carbon emissions.

 

The VPhase device:

- has been proven to save up to 12% off home electricity bills;

- is easily installed by a qualified electrician;

- does not require a change in lifestyle or electricity supplier;

- is low cost, with a typical payback of under 5 years;

- has a 5 year manufacturer's warranty and an expected lifespan in excess of 25 years;

- can save up to 4.5 tonnes of CO2 over its 25+ year life;

- attaches to the consumer unit (fuse box) and regulates the voltage to 220 volts;

- is the next most affordable and effective green option for the home, after insulation.

 

The VPhase VX1 has been extensively tested with independent verification supporting the saving claims, including an Ofgem approved CERT demonstration action, social housing trials and a range of independent consumer trials. Many electrical appliances in the home will benefit from having their voltage optimised and reduced, including fridges, freezers, central heating pumps, televisions, washing machines, vacuum cleaners, etc. - and even 'energy-saving' light bulbs. As well as reducing your home electricity bill, there is evidence that the life of electrical appliances can be extended by the use of this product; light bulbs in particular, have demonstrated at least a doubling of operating life when on a voltage optimised circuit.

 

Web: www.vphase.co.uk

Facebook: http://on.fb.me/cUBnek 

Twitter: www.twitter.com/vphase 

LinkedIn: http://linkd.in/qqbyYS 

YouTube: www.youtube.com/vphase 

 

 

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