22nd Oct 2010 11:20
Press release |
22 October 2010 |
Energetix Group plc
("Energetix" or "the Group")
VPhase wins Electrical Industry Award
Energetix Group plc (AIM:EGX), a group of companies with three cost-effective products (Pnu Power, Genlec and VPhase) to meet the growing demand for alternative energy, is pleased to announce that its subsidiary VPhase plc, (AIM:VPHA), the leading provider of energy-saving products for residential and commercial properties, has been awarded The Electrical Industry Awards Innovative Residential/Domestic Product for 2010 for its voltage optimisation product. This prestigious award that identifies innovative new products is to recognise and reward the achievements of those working in the UK's diverse electrical sector.
The judging was undertaken by a panel of independent experts representing different elements of the electrical sector: including IET, ECA, BEAMA & NICEIC amongst others.
VPhase has been recognised as an innovative technology that allows you to save money on your electricity bill instantly without any change in behaviour.
Rick Smith, VPhase CEO, said: "We are delighted to have received this award. It helps to recognise and promote the major benefits that VPhase voltage optimisation can deliver to homes to help them save money and reduce their carbon footprint. It is especially pleasing as VPhase has been selected for the award by key electrical industry experts."
- Ends -
For further information:
Energetix Group plc |
|
Adrian Hutchings, Chief Executive Officer |
Tel: +44 (0) 151 348 2111 |
|
www.energetixgroup.com |
Ambrian Partners Limited |
+44 (0) 20 7634 4700 |
Andrew Craig / Ben Wright, NOMAD |
www.ambrian.com |
|
|
Media enquiries
Abchurch Communications Limited |
+44 (0) 20 7398 7710 |
Sarah Hollins / Joanne Shears / Quincy Allan |
|
www.abchurch-group.com |
About Energetix Group plc
Energetix Group plc has three businesses with cost-effective products to meet the growing global demand for alternative energy. With a focus on distributed generation, energy storage and energy efficiency, the Energetix businesses are:
·; Energetix (Pnu) Power Limited - compressed-air back-up power;
·; Energetix Genlec Limited - distributed generation in the home; and
·; VPhase plc - domestic energy efficiency.
Energetix's strategy is to create products based on robust engineering principles, regularly utilising existing mass-produced components configured in a novel and patentable way. Avoiding cutting-edge science has enabled the Group's businesses to de-risk the new product development process which in turn reduces development time and costs. This has enabled the businesses to have a lower-than-normal technology risk while still producing strong intellectual property. In addition, this facilitates the outsourcing of production and assembly, significantly reducing the Group's investment in capital equipment. The body of know-how developed within the Group has also enabled our businesses to modify the design of existing mass-produced components to reduce costs, improve efficiency and strengthen the Group's intellectual property position.
Energetix Group joined AIM in August 2006. The Group and its subsidiaries are all based near Chester, NW England.
www.energetixgroup.com
Related Shares:
Flowgroup