Re Alliance
August 11 2004 - 9:17AM
UK Regulatory
RNS Number:8644B
Compact Power Holdings PLC
11 August 2004
Compact Power is pleased to announce that it has entered into a collaboration
agreement with AMEC Group Limited, the international engineering services
company that provides design, project delivery and support for oil and gas,
transport, infrastructure and industrial clients worldwide. Under the terms of
the agreement Compact Power and AMEC will actively collaborate in the promotion
of Compact Power's technology in the UK and in the ongoing programme of
refinement to the engineering of the technology. In addition, Compact Power has
agreed that AMEC will be Compact Power's sole engineering and project execution
partner in the UK. The collaboration agreement extends to 31 December 2009.
Nic Cooper, Chairman of Compact Power says:
"The creation of this alliance with AMEC is the product of long and detailed
negotiation and represents a significant step forward for Compact Power. The
endorsement of the Compact Power technology by AMEC sends a powerful message to
potential users, and will help us bring projects forward. AMEC have been
helping Compact Power for some time with the engineering, so we have got to know
each other well, and this alliance represents a logical next step in our
relationship."
Steve Lee, Managing Director, AMEC Industrial Division says:
"Our work with Compact Power over the last couple of years has convinced us that
they have developed a first class process. With our long history of delivering
infrastructure, and renewable energy projects we are an ideal ally for them.
They've developed the commercially viable technology and we have the ability to
deliver it where and when it is required."
This information is provided by RNS
The company news service from the London Stock Exchange
END
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