Last checked at 8 Jul 2015 07:00
8 July 2015
Inspirit Energy Holdings plc
("Inspirit" or the "Company")
Director's Dealings
Inspirit (AIM: INSP) announces that it was informed that Nilesh Jagatia, the Company's Chief Financial Officer, had yesterday purchased 2,000,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") at an average price of 0.5p per share. This purchase takes Mr Jagatia's total holding to 2,000,000 Ordinary Shares, representing 0.29% of the Company's issued share capital.
For further information please contact:
Contacts:
| |
Inspirit Energy Holdings plc | www.inspirit-energy.com |
John Gunn, Executive Director | +44 (0) 207 048 9400 |
Nilesh Jagatia CFO
| +44 (0) 207 048 9405
|
Westhouse Securities Limited (Nominated Advisor and Joint Broker) | |
Antonio Bossi / David Coaten
Beaufort Securities (Joint Broker) Jon Levinson / Saif Janua / Elliot Hance | +44 (0) 207 601 6100
+44 (0) 207 382 8300 |
Public Relations: | |
Square1 Consulting | |
David Bick | +44 (0) 207 929 5599 |
About Inspirit Energy Holdings Plc
Inspirit Energy Holdings plc, is developing and commercialising a highly efficient micro combined heat and power (micro-CHP) boiler for the commercial and residential markets. 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 configurations and its high operating efficiency together with the offset of electricity costs provides a very attractive investment payback proposition.
Inspirit intends to explore opportunities to licence 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 micro-CHP 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.
Notes to the Editors:
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Inspirit Energy, is a company based in Sheffield and is currently developing a micro combined heat and power (mCHP) boiler for the commercial and residential markets. 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 licence 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.