Inspirit Energy Holdings PLC Result of AGM (3575V)
January 27 2017 - 7:09AM
UK Regulatory
TIDMINSP
RNS Number : 3575V
Inspirit Energy Holdings PLC
27 January 2017
27 January 2017
Inspirit Energy Holdings Plc
("Inspirit" or "the Company")
Results of AGM
Inspirit (AIM: INSP) announces that, at the annual general
meeting of shareholders held earlier today, all resolutions were
duly passed.
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
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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