VLS.L Regulatory News (VLS)

25 Jul 2006 08:01

Proventec PLC25 July 2006 Press Release 25 July 2006 Proventec Plc ("Proventec" or "the Company") Agreement with Oxford Catalysts Proventec Plc (AIM:PROV), a provider of specialist steam cleaning and coatingstechnologies, today announces that it has entered into a nine month prototypedevelopment programme with AiM-listed Oxford Catalysts Group PLC ("OxfordCatalysts"), to develop and exploit novel catalyst technology for the industrialsteam cleaning market which is both cost-effective and environmentally friendly.This programme follows the successful completion of an evaluation phase ofOxford Catalysts' technology by the Company, pursuant to a contract signed inFebruary 2006. Proventec has agreed to pay Oxford Catalysts up to £100,000 forits contracted services under this initial agreement. Oxford Catalysts has developed a unique catalytic method for the production ofsteam directly from a liquid fuel, instantaneously starting from roomtemperature. This technology dispenses with the need for a boiler, power cables,external heat source or generator in a compact, safe and portable way. Bothcompanies recognise that the technology has direct application in thefast-growing markets for industrial steam cleaning, including street cleaning,food processing, packaging plants and hospitals, enabling mobile applicationsthat are not currently feasible. David Chestnutt, Chief Executive of Proventec Plc, commented: "We are extremelyexcited about the commercial potential for this unique method of steamgeneration. As the leading provider of steam cleaning, we believe that thisdevelopment will open new markets for use of steam as a cleaning anddisinfectant medium. We are pleased to be working with Oxford Catalysts andlook forward to bringing this technology to the market." Roy Lipski, Chief Executive Officer of Oxford Catalysts Group plc, said: "Thisis a significant step for us as a company, allowing us to further thecommercialisation of our steam generation technology. We are delighted to beworking with Proventec on applying this technology to the industrial steamcleaning market where it could become an important enabler for mobile andportable steam cleaning applications." - Ends - For further information, please contact:Proventec PlcDavid Chestnutt, Chief Executive Tel: + 44 (0) 151 706 0626dchestnutt@proventecplc.com www.proventecplc.com Oxford Catalysts Group PLCRoy Lipski, Chief Executive Officer Tel: + 44 (0) 7958 970 855 www.oxfordcatalysts.com Media enquiries:AbchurchHenry Harrison-Topham / Gareth Mead Tel: +44 (0) 20 7398 7700henry.ht@abchurch-group.com www.abchurch-group.com Notes to editors Proventec is a specialist and innovative provider of steam cleaning and coatingstechnologies. The Company was formed as a result of the reverse takeover ofInnoCleaning Magma Holdings BV and OspreyDeepClean Limited, a group of fireretardant coatings and specialist steam cleaning businesses, by FlintstoneTechnologies plc in August 2005. Proventec provides solutions to a number of markets including the food retailand preparation market, hospitality industries, and healthcare which includeshospitals and suppliers of hospital equipment, transport infrastructure,construction materials and consumer products. The cleanings solutions aredesigned to target and combat the spread of common food bacteria and HAI(Hospital Acquired Infections), including MRSA. The coating businesses have anemphasis on preventative environmentally friendly solutions for its clientsdelivering demonstrable health and/or cost benefits. Proventec also provides coatings solutions such as fire retardants,anti-abrasion and corrosion materials for industrial use. In addition todeveloping the technology and supplying the products, Proventec also providestraining support and financing options to its customers. Through its subsidiary, Flintstone Management Services Limited, Proventec hasinvestments in the following companies: Biocote Limited, Firestop ChemicalsLimited, Hardide plc, Oxis Energy Limited and the Ultra Motor Company Limited. Oxford Catalysts Group PLC Oxford Catalysts Group PLC, (AIM:OCG) is a leading catalyst innovator for cleanfuels, which designs and develops specialty catalysts for the generation ofclean fuels from both conventional fossil fuels and certain renewable sourcessuch as biomass. Its patent-pending technology is the result of 19 years ofresearch at the University of Oxford's prestigious Wolfson Catalysis Centre,headed by Professor Malcolm Green, one of the world's most respected inorganicchemists. Oxford Catalysts was founded by Professor Green and Dr. Xiao inOctober 2004 and was admitted to trading on the AiM market of the London StockExchange on 26 April 2006, having raised £15 million before expenses. This information is provided by RNS The company news service from the London Stock Exchange