Inspirit Energy Holdings PLC Directorate Change (9368G)
June 02 2017 - 1:00AM
UK Regulatory
TIDMINSP
RNS Number : 9368G
Inspirit Energy Holdings PLC
02 June 2017
2 June 2017
Inspirit Energy Holdings Plc
("Inspirit" or "the Company")
Board Change
The Company announces that Neil Luke, Chief Operating Officer,
has stepped down from the Board of Inspirit Energy Holdings plc due
to his planned retirement. In the interim period, Paul Booker,
Design and Development Director of Inspirit Limited, Inspirit
Energy Holdings plc's 100% owned operating Company, supported by
Nick Stevens, Marketing Director and Paddy Thompson, Sales
Director, will oversee day to day activities until a suitable
candidate is appointed.
John Gunn Commented:
"We thank Neil for his time as the COO of the company for the
last four years and we are very grateful for his assistance with
the public listing of the company and the development of our mCHP
boiler. We congratulate Neil on his retirement and wish him well
for the future".
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
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
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
SVS Securities Plc +44 (0) 203 700 0093
(Joint Broker)
Tom Curran
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
BOAUGUBGQUPMGRG
(END) Dow Jones Newswires
June 02, 2017 02:00 ET (06:00 GMT)
Inspirit Energy (LSE:INSP)
Historical Stock Chart
From Apr 2024 to May 2024
Inspirit Energy (LSE:INSP)
Historical Stock Chart
From May 2023 to May 2024