Appointment of joint broker

RNS Number : 5588W

Inspirit Energy Holdings PLC

20 August 2015

 

Inspirit Energy Holdings plc

("Inspirit Energy", "Inspirit" or the "Company")

Appointment of Joint Broker

Inspirit (AIM: INSP), the AIM listed developer of an innovative micro combined heat and power (mCHP) boiler, is pleased to announce the appointment of Peterhouse Corporate Finance Limited as Joint Broker alongside Westhouse Securities Limited.

For further information please contact:

Inspirit Energy Holdings plc	www.inspirit-energy.com
David Lenigas, Chairman	[phone]
John Gunn, Executive Director	[phone]
Nilesh Jagatia, CFO	[phone]
Westhouse Securities Limited	[phone]
Antonio Bossi / David Coaten
Peterhouse Corporate Finance Limited
Lucy Williams / Duncan Vasey	[phone]
Public Relations:
Square1 Consulting
David Bick/Mark Longson	[phone]

About Inspirit Energy Holdings plc:

Inspirit Energy Holdings plc, is developing and commercialising a highly efficient micro combined heat and power (mCHP) boiler for the commercial and residential markets. The boiler is specifically designed to meet the challenge of reduced carbon energy supply and is capable of running on natural gas, LPG and Bio Fuels. The appliance produces hot water (for tap water or central heating) and electrical output simultaneously. The installation can be of single or multiple configuration and its high operating efficiency together with the off-set of electricity costs provides a very attractive investment payback proposition.

Inspirit intends to explore opportunities to licence out the underlying technology and the Directors believe that in some instances, the patents owned by Inspirit may be also used in the development of products other than a mCHP appliance. A prototype of the appliance has been independently tested and shown to be capable of simultaneous generation of up to 15kW thermal and up to 3kW electrical output. Once development of the appliance has been completed and commercialised, the Directors expect that the appliance will initially be marketed in the UK and Europe and eventually worldwide. Additional revenue streams may be possible through product licensing, sales of warranties and further development of the product. 

 

END

 

 

APPZMGMRMLRGKZZ