Inspirit Energy Holdings PLC Collaboration Agreement with the CIBSE (2723H)
August 16 2016 - 2:17AM
UK Regulatory
TIDMINSP
RNS Number : 2723H
Inspirit Energy Holdings PLC
16 August 2016
16 August 2016
Inspirit Energy Holdings Plc
("Inspirit" or "the Company")
Collaboration Agreement with the CIBSE
Inspirit Energy Holdings plc, the AIM listed developer of micro
combined heat and power boilers, is pleased to announce it has
entered into a collaboration agreement with the Chartered
Institution of Building Services Engineers (CIBSE).
The agreement is to enable the CIBSE to produce a formal peer
review, by evaluating Inspirit's micro-CHP boiler, the "Inspirit
Charger", against other micro-CHP products currently available in
the market. The peer review will be available to CIBSE members, the
Government and its stakeholders, providing impartial information as
to the application and benefits within regulatory assessment
measures of this new and very exciting development in heat and
power delivery for homes and commercial properties.
The CIBSE is the standard setter and leading authority on
building services engineering in the UK. It publishes guidance and
codes, which are internationally recognised, as well as setting the
criteria for best practice in the profession.
The Company and the CIBSE seek to further the understanding and
recognition of micro-CHP as both a way of reducing heating costs
and also lowering building emissions under the Climate Change
Act.
The CIBSE will commence the project immediately, providing
project management, execution and implementation in order to gather
the data necessary to produce a report. Inspirit will provide
access to its field trial data as well as offering technical and
commercial guidance. It is expected that the final report will be
published by the end of 2017.
John Gunn, Chairman and CEO of Inspirit, commented, "It is an
honour to be working alongside the CIBSE, an internationally
recognised body of industry professionals. The CIBSE has taken a
clear interest in micro-CHP technology, which they see as a serious
and obvious challenger to the traditional boiler systems currently
installed across the world."
More information on Inspirit Energy can be seen at:
www.inspirit-energy.com
Contacts:
Inspirit Energy Holdings
plc
John Gunn, Chairman and
CEO +44 (0) 207 048 9400
Nilesh Jagatia CFO +44 (0) 207 048 9405
Stockdale Securities
Limited
(Nominated Advisor and
Joint Broker)
Antonio Bossi / David
Coaten +44 (0) 207 601 6100
Peterhouse Corporate
Finance
(Joint Broker)
Lucy Williams / Duncan
Vasey +44 (0) 207 469 0930
Cadogan Leander
(Financial Public Relations)
Christian Taylor-Wilkinson
/ Alex Walters +44 (0) 207 520 9267
About Inspirit Energy Holdings Plc
Inspirit Energy Holdings plc, is developing and commercialising
a highly efficient micro combined heat and power (mCHP) boiler for
commercial applications. The boiler is specifically designed to
meet the challenge of reduced carbon energy supply and is capable
of running on natural gas, LPG and Bio Fuels. The appliance
produces hot water (for tap water or central heating) and
electrical output simultaneously. The installation can be of single
or multiple configuration and its high operating efficiency
together with the off-set of electricity costs provides a very
attractive investment payback proposition.
Inspirit intends to explore opportunities to license out the
underlying technology and the Directors believe that, in some
instances, the patents owned by Inspirit may be also used in the
development of products other than a mCHP appliance. A prototype of
the appliance has been independently tested and shown to be capable
of simultaneous generation of up to 15kW thermal and up to 3kW
electrical output. Once development of the appliance has been
completed and commercialised, the Directors expect that the
appliance will initially be marketed in the UK and Europe and
eventually worldwide. Additional revenue streams may be possible
through product licensing, sales of warranties and further
development of the product.
About CIBSE
CIBSE publishes Guidance and Codes which provide best practice
advice and are internationally recognised as authoritative design
guidance for building services. The CIBSE Knowledge Portal, which
makes Guidance available online to all CIBSE members, is the
leading systematic engineering resource for the building services
sector.
For more information about the Institution please visit
www.cibse.org
This information is provided by RNS
The company news service from the London Stock Exchange
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