Embargoed Release: 07:00 hrs Monday 19 May 2008
Zenergy Power plc
(`Zenergy' or the `Group')
Induction Heater Utility Patent
Zenergy Power plc (AIM:ZEN.L), the specialist manufacturer and developer of
commercial applications utilising high-temperature superconductive (`HTS')
materials, is pleased to announce that it has received certification of a core
utility patent relating to the overall design and operating process of its
ground-breaking HTS induction heater. Accordingly, the Group now enjoys
protection over several key design specifications that enable the HTS induction
heater to deliver the industry's highest levels of heating performance both in
terms of quality and overall industrial output whilst utilising substantially
fewer high-cost components than alternative designs.
Importantly, it is the key performance and cost characteristics covered by this
utility patent that have been responsible for the overall growing level of
commercial interest in HTS solutions among the world's leading global metals
producers.
Michael Fitzgerald, Chairman, commented:
`This latest addition to our patent portfolio from the German patent office
plays a key role in safeguarding our long-term commercial exploitation of the
incredible energy efficiencies of HTS technology; for the benefit of both the
Group and its shareholders.'
Further to this patent, the Board acknowledges the substantial commercial
interest that is being generated by the inherent energy efficiencies of all the
Group's HTS technology and remains committed to its strategy of developing a
growing range of patent protected energy efficient HTS industrial devices.
The current addressable market for the Group's induction heaters alone is
estimated at c €2 billion per annum.
-Ends-
Further information:
Dr. Jens Müller Zenergy Power Plc + 49 22 26 90 60 200
Vikki Krause Hansard Group + 44 207 245 1100
Tom Hulme Landsbanki Securities + 44 207 426 9000
(UK) Limited
About Zenergy Group plc
Zenergy Power plc is a global specialist manufacturer and developer of
commercial applications for superconductive materials. Comprising three
operating subsidiaries located in Germany, USA and Australia, Zenergy is highly
focussed on the commercialisation of a number of energy efficient applications
to be adopted in renewable energy power generation, energy distribution and
large scale, energy intensive industrial processes and achieved the world's
first commercial sale of an industrial scale HTS device in September 2007.
About superconductivity
Superconductive materials are capable of conducting electricity without any
resistance and were first discovered in 1911 in what was to prove to be one of
the most significant scientific breakthroughs of the 20th century.
The global HTS market is substantial and growing, with a number of market
studies projecting multi-billion dollar markets for the application of HTS
materials and products. The proliferation of the use of superconductor
materials is largely being driven by the following key factors:
(a) HTS materials are highly complementary to energy efficient technologies as
a substitute for copper
(b) HTS wires have power densities of over 100x that of copper
(c) Current developments are leading to substantially reduced costs in the
production of HTS wires and are targeting to be cheaper than copper over the
next few years.
(d) HTS applications deliver exceptional energy efficiencies and thus reduced
power consumption and running costs
(e) HTS technology is set to play a significant role in reducing CO2 emissions
in line with international targets
(f) HTS applications are capable of delivering vastly increased levels of power
with increased reliability and reduced material usage
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