Inspirit Energy Holdings PLC Stmnt re Share Price Movement (0820E)
May 03 2017 - 8:10AM
UK Regulatory
TIDMINSP
RNS Number : 0820E
Inspirit Energy Holdings PLC
03 May 2017
3 May 2017
Inspirit Energy Holdings Plc
("Inspirit" or "the Company")
Statement re share price movement
Further to the share price movement today, Inspirit confirms
that it is in discussions with Argentarius ETI Management Ltd about
structuring a fixed interest bond instrument for the Company of up
to GBP2 million. No money has so far been raised in relation to
this instrument and the Company expects to make further
announcements in due course.
The Company is in the final stages in the development cycle of
approvals for its micro combined heat and power (mCHP) boiler and
expects trials to begin thereafter.
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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May 03, 2017 09:10 ET (13:10 GMT)
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