Last checked at 4 Apr 2022 07:00
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 |
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Gareth Hague, Chief Financial Officer |
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Panmure Gordon (NOMAD and Broker) | +44 20 7886 2500 |
John Prior |
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Ailsa Macmaster |
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Hugh Rich (Corporate Broking) |
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Tavistock (Public Relations and Investor Relations) | +44 207 920 3150 |
Simon Hudson | libertine@tavistock.co.uk |
Rebecca Hislaire |
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Nick Elwes |
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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™) 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.