Result of Annual General Meeting

RNS Number : 3962B

Libertine Holdings PLC

30 September 2022

 

30 September 2022

Libertine Holdings PLC

("Libertine" or the "Company")

Result of Annual General Meeting ("AGM")

Libertine Holdings PLC (LSE AIM: LIB), a developer of clean, highly efficient, and fuel-flexible Linear Generator technology, is pleased to announce that all resolutions proposed to shareholders at its Annual General Meeting held earlier today were passed.

For further information please contact:

Libertine Holdings PLC	via Tavistock
Sam Cockerill, Chief Executive Officer
Gareth Hague, Chief Financial Officer
Panmure Gordon (NOMAD and Broker)	[phone]
J ohn Prior
Dougie McLeod
Hugh Rich (Corporate Broking)
Tavistock (Public Relations and Investor Relations)	[phone]
Simon Hudson	[e-mail]
Rebecca Hislaire
Charlie Baister

About Libertine

Founded in 2009, Libertine has developed a technology platform solution for powertrain Original Equipment Manufacturers ("OEMs"), enabling efficient and clean power generation from renewable fuels. Libertine was admitted to trading on the AIM market of the London Stock Exchange in December 2021.  Libertine's linear electrical machines, controls and developer tools together form a technology platform (intelliGEN™) which the Company provides to customers for the development of clean, highly efficient and fuel-flexible Linear Generator products. The platform is a result of over a decade of development of Linear Generator technology with multiple successful client-led programmes.

The potential market for Linear Generator products goes well beyond the distributed power generation applications where Linear Generators are already in commercial use today, complementing intermittent renewable power with clean, on-demand power generation. Linear Generators also have the potential to complement battery electrification in hybrid powertrains as range extenders, addressing the practical and economic barriers to rapid adoption of clean electric propulsion using battery electric powertrain technology alone. Linear Generator products using Libertine's technology could work alongside battery electrification in a wide range of hybrid systems including:

· Heavy-duty hybrid powertrains of trucks, buses, tractors, construction and mining equipment

· Medium and light-duty hybrid powertrains of commercial vehicles operating over longer distances;

· A proportion of the passenger automotive market where vehicle use and recharging constraints are a barrier to battery electrification; and

· A wide range of off-grid, portable power and distributed power generation applications.

Working with OEMs from an early stage in the development cycle ensures Libertine's technology is effectively integrated into OEM products, maximising the performance and economic benefits provided by Libertine's platform technology. Libertine has developed a portfolio of over 30 granted patents in addition to a significant body of technical know-how developed since the company's formation in 2009. The Company's senior management team and board includes executives with decades of deep technical experience in the automotive and energy industries.

 

END

 

 

RAGURVURUVUKOAR