RE: Jan 2020, Swedish Marine engine demonstration21 Jan 2020 10:40
Inspirit Energy Holdings PLC
13 November 2019
13 November 2019
Inspirit Energy Holdings Plc
("Inspirit" or "the Company")
Update on new product application and the mCHP Boiler.
Inspirit Energy Holdings Plc (AIM: INSP), the developer of micro Combined Heat and Power ("microCHP" or "mCHP") boilers, is pleased to update shareholders on the following progress of the Company.
MARINE DEVELOPMENT
Further to the market update on 26(th) April 2019, the Company is pleased to announce that it has taken further steps in applying the Stirling engine application, as developed by the Company for its mCHP boilers, in diversified sectors. To this end, the Company has been invited to demonstrate its Stirling technology to a large scale Swedish Marine engine manufacturer with a view to initiating the successful design, development and testing to produce a unit application for the marine and shipping industry; if successful, such application could generate a significant contact for the Company. To assist in achieving this, the Inspirit team will be demonstrating a 3D model of the redesigned engine and application during January 2020.
POLISH PARTNER COLLABORATION
In addition to the above, the Company has also been in discussions with other parties for the application of the Stirling engine technology and these sectors including solar, renewable and refrigeration and this is a reflection on the wealth of expertise within the Company in relation to the Sterling engine technology.
Regarding the next stage in the manufacturing process of the 6.4kW mCHP with a 15kW thermal output boiler, the Company has continued with focusing on the improvements to the design of the Company's Inspirit Charger that incorporates the Stirling engine technology; accordingly we have successfully created a smaller prototype of the Stirling engine casting using modern 3 D printing methods with our partners in Poland. This has passed PD 5500/2018 and as a result, has provided a favourable outcome at reduced cost and greater efficiencies. In 2020 we expect to produce our first unit with the assistance of our engineering partner in Poland. The success of the unit will allow us to have a unit ready for batch production.
Paul Booker -Design & Development Director comments as follows:
"Inspirit Energy is at a pivotal point in its direction as an R&D company. The development of the Charger with an output of over 6 kW has been a long journey but has been well worth the effort. In the development of the charger, the Inspirit team identified a large range of applications and industry's where our core technology could transpose into and this makes the next phase of Inspirit's development very exciting to be a part off.
The journey with Inspirit has not been as straight forward as we would have liked, but we have learned so much and developed a technology which has many diverse applications. Its core attributes are that it can run on many different fuel types and be incorporat