Libertine Holdings PLC Award of Green Economy Mark
April 04 2022 - 1:01AM
RNS Non-Regulatory
TIDMLIB
Libertine Holdings PLC
04 April 2022
4 April 2022
Libertine Holdings PLC
("Libertine" or the "Company")
Award of London Stock Exchange's Green Economy Mark
Libertine Holdings PLC (LSE AIM: LIB), a developer of clean,
highly efficient and fuel-flexible Linear Generator products, is
pleased to announce it has received the London Stock Exchange's
Green Economy Mark.
The classification, first introduced in 2019, was created to
highlight companies and investment funds listed on all segments of
London Stock Exchange's Main Market and AIM that are driving the
global green economy. To qualify for the Green Economy Mark,
companies and funds must generate 50% or more of their total annual
revenues from products and services that contribute to the global
green economy.
The underlying methodology incorporates the Green Revenues data
model developed by FTSE Russell. It provides a detailed taxonomy of
environmental goods, products and services, and is designed to
recognise both 'pure-play' green technology companies, as well as
those across all industries that make significant contributions to
the transition to a sustainable, low carbon economy.
Sam Cockerill, Chief Executive Officer of Libertine, commented:
"We are delighted that Libertine has been awarded the Green Economy
Mark by the London Stock Exchange, and we are proud that our
contribution to the global green economy has been recognised. The
Mark underlines our commitment to support the transition to Net
Zero and the essential role we believe our technology will play in
the decarbonisation of 'hard to electrify' transport
applications."
For further information, please visit www.libertine.co.uk or
contact:
Libertine Holdings PLC via Tavistock
Sam Cockerill, Chief Executive Officer
Gareth Hague, Chief Financial Officer
Panmure Gordon (NOMAD and Broker) +44 20 7886 2500
John Prior
Ailsa Macmaster
Hugh Rich (Corporate Broking)
Tavistock (Public Relations and Investor
Relations) +44 207 920 3150
Simon Hudson libertine @tavistock.co.uk
Rebecca Hislaire
Nick Elwes
Notes to editors
Founded in 2009, Libertine has developed a technology solution
for powertrain Original Equipment Manufacturers ("OEMs"), enabling
efficient and clean power generation from renewable fuels.
Libertine was admitted to trading on the AIM market of the London
Stock Exchange in December 2021.
Libertine's linear electrical machines, controls and developer
tools together form a technology platform (intelliGEN(TM)) which
the Company provides to OEM customers for the development of clean,
highly efficient and fuel-flexible Linear Generator products. The
platform is a result of over a decade of development of Linear
Generator technology with multiple successful client-led
development programmes.
Linear Generators have the potential to complement battery
electrification within hybrid powertrains as range extenders,
addressing a number of significant practical and economic barriers
to the rapid adoption of clean electric propulsion using battery
electric powertrain technology alone.
The potential market for Linear Generator products goes well
beyond the distributed power generation applications where Linear
Generators are already in commercial use today to supplement energy
storage. The addressable market for Linear Generators also includes
over 12 million heavy-duty and light duty commercial vehicles,
off-grid and waste-to-energy applications, as well as more than 1
million distributed power generator sets for energy storage, which
alone is estimated to be worth between $12-20 billion by 2025.
Linear Generator products using Libertine's technology could
work alongside battery electrification in hybrid systems to
accelerate the decarbonisation of 'hard to electrify' applications,
including:
-- Heavy-duty and off highway powertrains;
-- Medium and light-duty commercial hybrid vehicles;
-- A proportion of the passenger automotive market where vehicle
use, and recharging constraints are a barrier to electrification;
and
-- A range of distributed power generation applications.
Libertine receives engineering fees by providing linear
e-machine hardware, controls and developer tools. Working with OEMs
ensures Libertine's technology platform is effectively integrated
into OEM partner product development programmes from an early stage
in the development cycle, maximising the performance and economic
benefits provided by Libertine's platform technology.
Libertine has developed a portfolio of over 30 granted patents
in addition to a significant body of technical know-how developed
since the Company's formation in 2009. The Company's senior
management team and board includes executives with decades of deep
technical experience in the automotive and energy industries.
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