LOI with major global contract manufacturer

RNS Number : 3373E

Inspirit Energy Holdings PLC

09 February 2015

 

9 February 2015

Inspirit Energy Holdings plc

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

Inspirit signs LOI with major global contract manufacturer

Further to the announcement of 8 January 2015 highlighting that Inspirit was looking to expand its third party production capabilities with international manufacturing companies for the fulfillment of significant volumes of the Inspirit mCHP boilers over the next 5 years, Inspirit Energy (LSE AIM: INSP) is pleased to announce that it has now signed a Letter of Intent ("LOI") with a major multi national contract manufacturing services company that may lead to a significant manufacturing agreement being finalized during this quarter.

John Gunn, Inspirit Energy's CEO, commented;

"The terms of the LOI remain confidential at this stage, however should Inspirit and the global manufacturer enter into a binding manufacturing agreement, Inspirit envisages a significant boost to the business and its ability to manufacture and deliver a significant volume of the Company's mCHP's globally, whilst minimizing the requirement to fund equipment, tooling and working capital."

For further information please contact:

Inspirit Energy Holdings plc John Gunn, Executive Director Nilesh Jagatia, CFO	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]

 

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