Inspirit Energy and Calor Gas Ltd

RNS Number : 0421S

Inspirit Energy Holdings PLC

18 September 2014

 



18 September 2014

Inspirit Energy Holdings plc

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

Inspirit Energy and Calor Gas Ltd

Inspirit (LSE AIM: INSP) is pleased to announce that Calor Gas Ltd the UK's leading supplier of liquid petroleum gas has agreed to the installation of one of Inspirit's  highly efficient mCHP micro co-generation boilers ("mCHP Boiler") at one of it's customer sites when commercial units become available later this year.

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 configurations 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 license 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. 

For further information please contact:

Inspirit Energy Holdings plc	www.inspirit-energy.com
John Gunn, Executive Director	[phone]
Jubeenh Nazhat, Director/Company Secretary	[phone]
Westhouse Securities Limited
Antonio Bossi / David Coaten	[phone]
Beaufort Securities (Joint Broker)	[phone]
Jon Levinson / Saif Janjua
Public Relations:
Square1 Consulting
David Bick / Mark Longson	[phone]

 

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