Stmnt re Share Price Movement

RNS Number : 8612F

Cinpart PLC

20 January 2010

 



20 January 2010

CINPART PLC

('Cinpart' or the 'Company')

Statement re: Share Price Movement

The directors of the Company ("Directors") note the recent movement in the Company's share price together with 
certain press and bulletin board speculation.

Further to the announcement made by the Company on 22 December 2009 the Company can confirm that Active Energy, a subsidiary of the Company, is now in advanced discussions with a subsidiary of a UK focused blue chip energy supplier regarding a memorandum of understanding relating to the development of new markets for the VoltageMaster product. To the extent that these discussions are successful a further announcement will be made by the Company.

 -ENDS-

Enquiries:

Cinpart Plc
Kevin Baker, Chief Executive Christopher Foster, Executive Director	Tel: [phone]  Tel: [phone]
Merchant John East Securities Limited (Nominated Adviser)
John East/Simon Clements	Tel: [phone]
Mirabaud Securities LLP (Joint Broker)
Rory Scott	Tel: [phone]
Rivington Street Corporate Finance Limited (Joint Broker)
Dru Edmonstone	Tel: [phone]
Hansard Group (Public Relations)
Kirsty Corcoran/Justine James	Tel: [phone]

About Cinpart: 

Cinpart plc (AIM: CINP) is a holding company that owns 72.2 percent of Active Energy Limited. Active Energy manufactures and supplies the VoltageMaster, a device that can reduce electricity consumption in commercial buildings by up to 20 percent. 

Other wholly owned subsidiaries in the Group include Derlite Co Limited; based in Thailand, this company is an international manufacturer of electrical and non-electrical components specializing in ignition systems for gas appliances and Gasignition Limited; a trading company supplying electrical components to small and medium-sized European gas appliance manufacturers. 

About Active Energy: 

Active Energy owns the rights, intangible assets and intellectual property of VoltageMaster, a range of voltage optimisation equipment for commercial buildings that reduces voltage, and consequently energy consumed, by up to 20 percent. The VoltageMaster, a sophisticated, easy to install device that is adaptable to complement existing infrastructures, optimises the voltage used in a building by adjusting the electricity voltage supplied to the whole building. In addition, the reduced energy consumption produced by the VoltageMaster provides reduced carbon emissions. 

 

END

 

 

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