Appointment of UK Distributor (5278Z)
January 17 2011 - 1:00AM
UK Regulatory
TIDMALR
RNS Number : 5278Z
Alternative Energy Limited
17 January 2011
For 7.00am release 17 January 2011
Alternative Energy Limited
("Alternative Energy" or "the Company")
APPOINTMENT OF UK DISTRIBUTOR
Alternative Energy Limited (AIM:ALR), the Singapore based
provider of clean energy solutions, is pleased to announce that it
has entered into an exclusive distribution agreement with
Alternative Energy Distribution Limited ("AED"), a UK Company, for
the distribution of its energy saving products, and in particular
its range of eLumen and eLumen8 LED lighting throughout the UK.
The distribution agreement is for an initial period of one year
but runs thereafter from year to year upon AED achieving its sales
targets. Initial sales targets for 2011 have been set by the
parties in the distribution agreement at US$5,000,000 per annum and
AED has now placed its first orders with the Company on behalf of
its UK clients.
AED is a specialist lighting and energy saving company formed to
distribute AEL's branded products in the UK which was set up and is
wholly owned by Michael Kane, Tony Crawley and Dave Tilley.
Dave Tilley has over 30 years experience in the public and
private sector, specialising in lighting management and supply
chain solutions. Over the past few years he has been a board member
of the Electrical Distributors Association (EDA) and a committee
member of Lightswitch (Carbon Trust) and Sustainalite (Recolight),
as well as a regular speaker at the Electrical Contractors'
Association (ECA) national conferences. He recently presented a
WEEE - Waste Electrical and Electronic Equipment - Directive paper
at Earls Court and was a lighting efficiency judge at the 2010
Lighting Design Awards. For the past few years he has written
articles for Lighting Magazine and is now the Lighting Economist
for the new lighting industry journal: LUX.
Tony Crawley has worked for 30 years in the electrical
contracting industry, working closely with some of the world's
leading manufacturers through his family-owned electrical
contractor business which has been trading for 50 years.
Michael Kane has over 20 years experience in the communications,
defence and alternative energy sectors, and controls a group of
companies representing some of the leading manufactures in the
above sectors. He has been involved in alternative energy projects
for 15 years, particularly working in the development of energy
efficient mobile transport and energy storage systems in
collaboration with a number of international engineering
companies.
AED's clients include John Lewis, The Mirror Group, Radisson
Hotels, The Hilton Hotel Group, and The Yorkshire Constabulary.
Alternative Energy has been working closely with AED over the last
six months to test Alternative Energy's products in preparation for
sale in the UK and continental Europe and to identify and develop
specific opportunities for low energy lighting in the UK market.
Further information about AED can be found on its website
www.aedistribution.com.
Alternative Energy has secured full European certification for
its lighting including CE and ROHS certification and will be going
into full production to meet demand from the UK clients introduced
by AED.
About Alternative Energy
Alternative Energy Limited is headquartered in Singapore.
Through its team of Singapore-based engineers, Alternative Energy
has developed a number of technologies including its patented
roof-based energy system, the eRoof. The Company is now producing
its third generation near-market ready eRoof which is in production
for commercial roll out in 2011. The Company is also in parallel
developing a number of energy saving technologies designed to
reduce power consumption, which will combine with its energy
generation systems to enable the creation of energy self-sufficient
buildings.
'NOW THE WORLD HAS AN ALTERNATIVETM'
For further information please see the Company's
website:www.alternativenergy.com.sg or please contact:
Alternative Energy Limited
Eric Goh, Director +65 9060 1355
Richard Lascelles, Director +44 (0) 20 7408 1067
Beaumont Cornish Limited
Nominated Advisor and Broker
Roland Cornish and James Biddle +44 (0) 20 7628 3396
Beaufort International Associates Limited
Kevin Feeny and Amanda Oliver +44 (0) 20 7930 8333
This information is provided by RNS
The company news service from the London Stock Exchange
END
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