RE: HL14 Sep 2022 09:53
Further testing and development in Poland is planned before the end of 2022, with the goal of adding additional enhancements to the WHR system as part of the Company's proposed phase three trial programme, where further improvements in the power output are anticipated. Duration and stress testing will also be undertaken at this time, but to date the performance of the WHR system and its robustness have exceeded the Company's internal expectations.
Thereafter, Inspirit will seek to enter into a trial phase with Volvo Marine. The board are also actively pursuing commercial discussions with other parties that are active in the commercial automotive sector.
The board of Inspirit are very pleased with the team's achievements and the progress that has been made to date, particularly with the introduction of the Company's Helix Accelerator. The board remains confident that further significant improvements can be achieved, but further analysis of the data from the phase two trails is required before the upper power limits for the unit can be confidently predicted.
Additionally, the board are investigating the potential for the unit to be incorporated as a retrofit for the commercial engine market and in particular certain applications in the haulage market. This includes widening the Company's tradition sphere of operation in Europe and also in Asia and North America.