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10 Nov 2023 07:00
10 November 2023
Libertine Holdings PLC
("Libertine" the "Company" or the "Group")
Result of Annual General Meeting ("AGM")
Libertine Holdings PLC (LSE AIM: LIB), a developer of Linear Generator technology, is pleased to announce that all resolutions proposed to shareholders at its Annual General Meeting held yesterday were passed.
For more information, please visit www.libertine.co.uk or contact:
Libertine Holdings PLC | via Tavistock |
Sam Cockerill, Chief Executive Officer | |
Gareth Hague, Chief Financial Officer | |
Panmure Gordon (NOMAD and Broker) | +44 20 7886 2500 |
John Prior | |
Dougie McLeod | |
Hugh Rich (Corporate Broking) | |
Tavistock (Public Relations and Investor Relations) | +44 207 920 3150 |
Rebecca Hislaire | libertine@tavistock.co.uk |
Charles Baister |
About Libertine
Founded in 2009, Libertine provides technology platform solutions for Original Equipment Manufacturers ("OEMs"), enabling efficient and clean power generation from renewable fuels, and more effective energy storage devices and gas compressor systems. Libertine was admitted to trading on the AIM market of the London Stock Exchange in December 2021.
Libertine has created two technology platforms, each using the same core technology elements, which the Company provides to its OEM customers for their development of Linear Generator and Linear Motor products:
- The intelliGEN? platform enables the creation of clean, highly efficient and fuel-flexible Linear Generator products including:
? Heavy-duty hybrid powertrains of trucks, buses, tractors, construction and mining equipment;
? Medium and light-duty hybrid powertrains of commercial vehicles operating over longer distances;
? A proportion of the passenger automotive market where vehicle use and recharging constraints are a barrier to battery electrification; and
? A wide range of off-grid, portable power and distributed power generation applications.
- The HEXAGEN? platform enables more effective energy storage, thermal power generation, waste heat recovery and gas compression products including:
? Stirling Engine power generators and thermal energy storage systems;
? Linear motor reciprocating compressor (LMRC) systems for hydrogen refuelling stations; and
? Organic Rankine Cycle waste heat recovery systems.
These two platforms are a result of over a decade of development and performance validation of Libertine's proprietary core technology elements including its linear electrical machines, controls and developer tools.
The potential market for Linear Generator products goes well beyond the distributed power generation applications where Linear Generators are already in commercial use today, complementing intermittent renewable power with clean, on-demand power generation. Linear Generators also have the potential to complement battery electrification in hybrid powertrains, providing on-board power generation to address the practical and economic barriers to rapid adoption of clean electric propulsion using battery electric powertrain technology alone.
Working with OEMs from an early stage in the development cycle ensures Libertine's technology is effectively integrated into OEM products, 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 generated since the Company's formation. The Company's senior management team and board includes executives with decades of deep technical experience in the automotive and energy industries.
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