Change of Adviser

RNS Number : 8958P

Inspirit Energy Holdings PLC

26 August 2014

 



26 August 2014 

Inspirit Energy Holdings plc

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

Change of Adviser

Inspirit Energy Holdings (AIM: INSP ), the developer and commercialiser of a highly efficient micro combined heat and power (mCHP) boiler for the commercial and residential markets, announces that it has appointed Beaufort Securities Limited as Joint Broker, effective immediately.

For further information contact:

Inspirit Energy Holdings plc John Gunn, Executive Director Jubeenh Nazhat, Director/Company Secretary	www.inspirit-energy.com [phone] [phone]
Westhouse Securities Limited Antonio Bossi/David Coaten	[phone]
Beaufort Securities (Joint Broker)
Jon Levinson/Saif Janjua/ Elliott Hance	[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. 

 

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