Trading Statement

RNS Number : 5009U

Powerhouse Energy Group PLC

30 July 2015

 

30 July 2015

PowerHouse Energy Group plc

("PowerHouse" or the "Company")

Update on PHE G3-UHt Construction and Commissioning

PowerHouse announces that the construction and commissioning of the newly developed PHE G3-UHt Waste-to-Energy system is nearing completion.  

It is expected that final "burn in" of the reactor elements and integration of the electrical gen-set (for the generation of electricity from the synthesis gas produced) will be finalized within the next 14-21 days.   Upon completion of this phase of the process, active testing and gasification of various feedstocks will commence at the Brisbane facility in earnest.  Through this active testing phase of the G3-UHt System, significant operational data will be accumulated and compiled which will facilitate the on-going sales and marketing of the units.  Interest in the G3 unit remains high with inquires arriving weekly from across Europe, Asia, Australia, and the United States.

"Creating an elegantly simple solution for Ultra-high temperature Waste-to-Energy is a complex engineering challenge.  Our engineers have done a tremendous job of developing our G3 unit from the ground up and incorporating the philosophies of "ease of operation" coupled with "commercial rigor," said Keith Allaun, Executive Chairman of PowerHouse. "The G3-UHt System will usher in a new era of opportunity for PowerHouse Energy Group, plc. It's been a long climb, but I'm confident it is worth the wait." 

The G3-UHt System will ultimately be skid-mounted, containerized, and able to be easily shipped to any location for operational testing and customer demonstration.  Public and customer demonstration of the unit will commence shortly after the testing program is finalized in Brisbane, Australia. 

For additional information please contact:                                                                                    

PowerHouse Energy Group plc

Keith Allaun                                                                                                [phone]

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Harriss/David Hart                                                                                [phone]

 

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