Product name and trademark application

RNS Number : 6052S

Inspirit Energy Holdings PLC

09 July 2015

 

 9 July 2015

Inspirit Energy Holdings plc

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

Product name and trademark application for CHP Boiler

Inspirit Energy Holdings plc, the AIM listed developer of micro combined heat and power boilers, is pleased to announce that it has filed trademark applications for the product name for its CHP boiler.

The unit will be known as the "INSPIRIT CHARGER". UK and EU trademark applications have been filed to protect the name.

Nick Stevenson, Marketing Director of Inspirit Energy, commented:

"The selection and protection of a product name for our CHP boiler are important next steps on our route to market for the INSPIRIT CHARGER. The product name conveys the essence of the product, the benefits it will bring to customers and is uniquely relevant to our branding."

John Gunn, the Company's CEO, commented:

"I am pleased to be able to report our continuing progress to shareholders and I look forward to the time when the INSPIRIT CHARGER is synonymous with heat and power generation in both commercial and domestic premises, not just in the UK but across Europe. We will continue to keep shareholders up to date with the key steps on our journey to market launch."

For further information please contact:

Inspirit Energy Holdings plc	www.inspirit-energy.com
David Lenigas, Chairman John Gunn, Executive Director Nilesh Jagatia, CFO	[phone] [phone] [phone]
Westhouse Securities Limited
Antonio Bossi / David Coaten	[phone]
Beaufort Securities	[phone]
(Joint Broker) Jon Levinson / Saif Janua/ Elliot Hance
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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