Annual Financial Report

RNS Number : 0165J

Zenergy Power PLC

23 March 2010

 



Immediate Release: Tuesday 23 March 2010

Zenergy Power plc

('Zenergy Power', the 'Company' or the 'Group')

2009 Annual Report and Notice of AGM

Zenergy Power (AIM:ZEN.L), the superconductor energy technology company, announces that the Group's Annual Report and Accounts for the year ended 31 December 2009 and Notice of AGM have now been distributed to shareholders and are available online at the Company's website (www.zenergypower.com).

Notice of Annual General Meeting ('AGM')

Notice is given that the AGM of the Company will be held at the Registered Office, 5^th Floor, One America Square, Crosswall, London, EC3N 2SG on Tuesday 18th May 2010 at 9.00 am.

Corporate and Social Responsibility

Like any company, Zenergy Power consumes large amounts of paper every year in simply conducting its day-to-day business. Some of this is unavoidable but so much of it isn't - and as part of our determination to build a sustainable business we are implementing a number of policies to actively reduce our paper consumption. One such example is a companywide policy of producing all documents using double-sided printing.

In line with this commitment to corporate and social responsibility, Zenergy Power strongly encourages shareholders to elect to access all shareholder information (annual reports, notices of shareholder meetings and any other required documents for shareholders) via our website.  The best way to do this is to agree to receive email notifications from us of when new shareholder information is available online. This service also guarantees you the timeliest access to new information. But more importantly, it will go a long way in helping us to achieve our sustainability goals and for every shareholder that consents to this email and online service we will be making a £5 donation to UNICEF's Haiti Earthquake Children's Appeal; our preferred charity of 2010 as chosen by our employees.

To register for electronic communications via the shareholder portal please go to the Investor Relations/Shareholder Communications tab of the Company's website (www.zenergypower.com). Your email address will not be used for marketing purposes, sold or shared with third parties, unless required by law.

-Ends-

Further information

Andrew Tan	Zenergy Power Plc	+ 49 2226 9060 668
Andrew Godber/Adam Pollock	Panmure Gordon & Co	+ 44 207 459 3600
Kam Bansil/Rory Scott	Mirabaud Securities Limited	+ 44 207 866 0244

About Zenergy Power plc

Zenergy Power is a superconductor energy technology company, quoted on the AIM market of the London Stock Exchange and comprising three operating subsidiaries located in Germany, USA and Australia. The Group's commercial focus is the innovation and manufacture of clean energy superconductor solutions that are capable of delivering huge efficiency and cost improvements to the generation, distribution and consumption of electrical energy.

Today, the Group's groundbreaking superconductive solutions are already delivering energy savings to industrial users of electrical energy and providing cutting-edge protection from electrical power surges to the United States electricity grid. Looking to the near future, the Group is currently developing a range of highly energy efficient superconductor components for a new class of electricity generator capable of delivering significant cost savings to the renewable energy industry. These cost savings will enable renewable energy to more effectively compete with traditional thermal power generation; leading to a greater reduction in carbon emissions and a more sustainable economic future. 

In 2007, Zenergy Power became the first company in the world to complete a commercial sale of an industrial scale superconductor application and has subsequently developed products capable of addressing several multi-billion dollar global markets. Following this in the first quarter of 2009, the Group's FCL device which reduces the damaging effects of large-scale power surges on electrical grids became the first such superconductor smart grid device to be installed and operated into the United States electricity grid. In line with this leading industry position, Zenergy Power is also manufacturing core components for what is due to be the world's first superconductor electricity generator which is due for installation into E.ON AG's commercial hydro dam in 2010. It is anticipated that the installation of the superconductor generator will increase the electricity output of this generator by 36%.

About superconductivity

Superconductive materials are capable of conducting electricity without any resistance and were first discovered in 1911 in what was to prove to be one of the most significant scientific breakthroughs of the 20th century.

Superconductors enable:

(a)   Induction Heaters to be twice as efficient for the metals industry

(b)   Fault Current Limiters to protect power grids from blackouts

(c)   Direct-drive wind generators to be significantly reduced in size and weight allowing the operation of wind generators in excess of 8 MW

(d)   Existing hydro-power sites to increase energy efficiency and electrical power output

 

END

 

 

ACSJJMBTMBBTBAM