EcoBuild Conference

RNS Number : 6648Q

Inspirit Energy Holdings PLC

01 March 2016

 

1 March 2016

Inspirit Energy Holdings Plc

("Inspirit" or "the Company")

EcoBuild Conference

Inspirit (ticker: INSP), the London AIM quoted developer of a 15kW thermal/3 kW electrical and a 10 kW thermal/2 kW electrical micro Combined Heat and Power (mCHP) boilers, is pleased to advise shareholders that it will be attending the EcoBuild Conference, 8-10 March 2016 at Excel, London.

The Company is delighted to have been shortlisted for an Ecobuild Big Innovation Pitch award, in association with Marks & Spencer. Inspirit is the only mCHP developer in the shortlist, which celebrates innovation across the design, construction, energy and engineering sectors.

If you would like to visit the team at the conference, please follow the link to register your interest: https://registration.n200.com/survey/0yr0piwipnh53

John Gunn, Executive Chairman and CEO of Inspirit, commented, "We are excited to introduce our new Inspirit Charger boiler at this leading event for the eco building market. The Ecobuild event is a national platform to raise our profile within the sector, especially with the Charger shortlisted for the prestigious Big Innovation Pitch award."

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For further information please contact:

Contacts:
Inspirit Energy Holdings plc	www.inspirit-energy.com
John Gunn, Chairman and CEO	[phone]
Nilesh Jagatia CFO	[phone]
Stockdale Securities Limited (Nominated Advisor and Joint Broker)
Antonio Bossi / David Coaten	[phone]
Peterhouse Corporate Finance (Joint Broker)
Lucy Williams / Duncan Vasey	[phone]
Cadogan Leander
(Financial Public Relations)
Christian Taylor-Wilkinson / Alex Walters	[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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