Libertine Hold Regulatory News (LIB)

15 August 2022

Libertine Holdings PLC

("Libertine" the "Company" or the "Group")

Libertine announces strategic partnership with OFFICINA MOTO ITALIA

Libertine Holdings PLC (LSE AIM: LIB), a developer of clean, highly efficient and fuel-flexible Linear Generator technology, announces its partnership with OFFICINA MOTO ITALIA ("OMI") to create downsized, power dense Linear Generator products using renewable fuels.

Based in Milan, Italy, OMI develops high performance 4 and 2-stroke engine designs for industrial, marine and vehicle applications, working with major OEM clients in the EU and Asia. In 2021 OMI identified a market need for more efficient, cleaner, fuel flexible power generator products across a wide range of market applications including 2- and 3-wheeler hybrid powertrains and small format electrical power generators. OMI approached Libertine to collaborate on the development of small format Linear Generator products making use of OMI's expertise in 2-stroke combustion systems and Libertine's Linear Power Systems platform technology.

The building-sized 2-stroke engines that power shipping container vessels today are some of the most efficient engines on the planet. More commonly, small 2-stroke engines are used in scooters, chainsaws, outboard marine engines and snowmobiles where power density is key. Small format, power-dense opposed piston Linear Generators could combine the efficiency of much larger 2-stroke engines with ultra-low exhaust emissions, and the flexibility to use renewable fuels such as renewable natural gas and green hydrogen - as well as existing fuels in widespread use today.

A generic small format Linear Generator product capable of producing 3-6kWe of electrical power whilst operating on biofuels, synthetic renewable fuels such as e-methanol or green hydrogen could be used for combined heat and power generation in homes and small businesses; as an electrical power generator for drones and remote autonomous vehicles; for light 2 and 3-wheeled hybrid vehicles in regions where grid recharging infrastructure is limited; for off-grid telecoms towers working together with renewable power and battery storage; and for portable and backup electrical power generation to provide secure, reliable, clean power from renewable fuels.

Sam Cockerill, Chief Executive of Libertine, commented: "With over 40 years of experience in the development of high performance 2-stroke engines, OMI are well placed to create small format opposed piston Linear Generators using Libertine's technology. Opposed piston Linear Generators have the potential to combine the real-world efficiency and ultra-low emissions of fuel cells with the power density and low cost of small 2-stroke engines"

Mario Pagani, Chief Executive of OMI, commented: "Our customers are looking for more efficient, cleaner and more fuel flexible power generation solutions. We identified Libertine's Linear Generator technology platform to help us create such products. Libertine's technology can be scaled down to small format power generators the size of swappable battery packs. Compact Linear Generators could enable the rapid hybridisation of fast-growing scooter and light 3-wheelers where recharging is not always available. We look forward to working with Libertine to offer small format Linear Generator products to our OEM clients."

For more information, please visit www.libertine.co.uk or contact:

About Libertine

Founded in 2009, Libertine has developed a technology platform 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 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 programmes.

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 as range extenders, addressing the practical and economic barriers to rapid adoption of clean electric propulsion using battery electric powertrain technology alone. Linear Generator products using Libertine's technology could work alongside battery electrification in a wide range of hybrid systems 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.

Libertine receives engineering fees by providing its linear e-machine hardware, controls and developer tools into OEM client product development programmes, and seeks to license its technology for volume production. 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 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.

About OMI

OFFICINA MOTO ITALIA (OMI), is a leading 2-stroke engine design, development and testing business serving global vehicle and industrial product original equipment manufacturers (OEMs).

OMI's marine and industrial engine OEM clients include Alpina, Arona Motori, Volvo Penta, Mercury Marine, Onan, Yanmar, GM Marine, KHD Deutz, Carraro, Poclain, Case and others. OMI serves multiple OEM clients across Asia, with development programmes for scooter and light vehicle manufacturers including Qingqi, Zomax, AEON, RATO, Quianjiang, Jinglang, Mahindra, Faspider, JQP, LIFAN, Zhongnen. OMI also works with many of the best known Italian and European OEMs such as Agrati Garelli, AMF Harley-Davidson, Cagiva Moto, Moto Laverda, Moto Guzzi, Yamaha Italia, Yamaha Europe Ltd, Kawasaki Europe, Peugeot, VOR Motori, Mondial Moto, Suzuki Italia, Honda HM, Honda Montesa, Husaberg, MZ, Jawa, Sherco, Gas Gas, Marabese Design, Quadro Technologies, Mecaprom, SWM Motorcycles.