Energetix Group plc (AIM: EGX), the AIM listed group with a proprietary low-cost microCHP domestic boiler and an innovative stand-by power product for mission critical installations, will announce its Interim Results for the six month period to 30 June 2011 on Thursday 22 September 2011.
The management team will be hosting analyst and media briefings on the day at the offices of Walbrook PR Ltd, 4 Lombard Street, London, EC3V 9HD. For more information please contact Walbrook PR Ltd.
Energetix Group plc is a developer of cost-effective products to meet the growing global demand for alternative energy, with particular focus on distributed generation, energy storage, and energy efficiency. Currently Energetix has two subsidiary businesses:
Genlec† ††††††††††††††††††††††††- distributed energy generation for domestic dwellings.
Pnu Power†††††††††††††††††† - back-up power for the Telecom, Technology and power transmission markets.
In addition, Energetix has a c.43% stake in VPhase plc, an energy efficiency business Energetix created and subsequently spun out of Energetix in 2010. VPhase is now a standalone independently funded commercial venture. Energetix's stake in VPhase was valued at £7.3m as at 31 December 2010.
With all technology development now completed Energetix is well positioned as both its subsidiaries move into the latter phases of commercialisation with their best-of-breed solutions.
Genlec has developed a highly efficient, compact and light weight, wall mounted microCHP (Combined Heat and Power) appliance known as the Kingston Boiler. The Kingston boiler is specifically designed to generate 1kW of electrical power to meet the UK's Microgeneration Certification Scheme (MCS) to enable UK owners to receive the Government's 10p/ kWh feed in tariff for approved microCHP devices. The Kingston boiler therefore has an inherent low total cost of ownership (initial outlay plus maintenance) and has already demonstrated industry leading payback cycles which many analysts believe is the key to unlocking this significant market opportunity.
CE certification of the boiler has been obtained and initial units have been installed in employee homes. It is expected that a new version of the Kingston boiler will be deployed to several potential high volume customers during the 2011 winter heating cycle for testing and verification. Genlec is currently developing its supply chain and sales channels to address this significant and rapidly growing market opportunity.
Pnu Power focuses on the provision of compressed air back-up power which can ensure an uninterruptible power supply for critical systems, particularly for the telecoms, data centre and power transmission markets. Pnu Power range has been extended to include the DC100 product that can now meet the demand of the rapidly growing Green Data Centre market, providing a low carbon alternative to flywheels. Pnu Power has been successful in achieving repeat trial sales and is now poised to move out of the trial sales phase and into full volume commercial sales.
Energetix Group joined AIM in August 2006. The Group and its subsidiaries and associates are all based near Chester, NW England.
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