MeyGen Update

RNS Number : 9940B

Atlantis Resources Limited

10 April 2017

 

Monday 10 April 2017

Atlantis Resources Limited

("Atlantis" or the "Company")

MeyGen Update

Atlantis, a global leader in the tidal power generation sector, announces that the AR1500 turbine is currently being monitored to assess the effects of an unplanned grid outage.  The outage was caused by a third party and was unrelated to the turbine itself.  This follows a sustained period of autonomous operation of the turbine at full output, and a successful automated shut down procedure on the occurrence of the grid fault.  

It is currently expected that the AR1500 will be retrieved at the next opportunity for a full systems inspection before undergoing the contractual performance testing regime.  This reflects the approach adopted for the AHH systems, which are currently undergoing upgrades at Nigg Energy Park prior to planned redeployment in May.

Enquiries:

Atlantis Resources	via FTI Consulting
Tim Cornelius, Chief Executive Officer Simon Counsell, Chief Financial Officer
FTI Consulting	[phone]
Ben Brewerton Alex Beagley James Styles

 

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