9 Feb 2010 07:00
9 February 2010
CINPART PLC
('Cinpart' or the 'Company')
Ministry of Justice Awards Contract for 52 Courts
Cinpart plc (AIM:CINP), announces that Active Energy Limited ("Active Energy"), its subsidiary company, has been awarded a contract by the Ministry of Justice ("MOJ"), one of the governments largest departments, as part of a multi phased tender process.
Under the terms of the contract Active Energy will provide and install 55 VoltageMaster units at 52 courts throughout England and Wales. It is expected that the units will be installed on or before 31 March 2010 and the installation work will be carried out by Southern Electric Contracting Limited ("SEC"). This follows the announcement in January 2010 of the MOU agreement, in which SEC is providing marketing, sale and installation of the VoltageMaster product as the preferred voltage optimisation device for its commercial clients.
The value of the 55 unit contract is approximately £900,000. Active Energy was invited to participate in the tender process, as a result of the performance of the VoltageMaster and its associated cost savings. Active Energy is currently tendering for additional MOJ sites, which form part of the Ministry of Justice's strategy to improve energy efficiencies.
Kevin Baker, Chief Executive of Cinpart, commented: "It is reassuring to see the MOJ placing such a priority on the importance of addressing energy efficiency and we are delighted to be able to provide the VoltageMaster product to assist the MOJ in reducing energy costs by up to 20 per cent per annum."
-ENDS-
Enquiries:
| Cinpart Plc |
|
| Kevin Baker, Chief Executive Christopher Foster, Executive Director
| Tel: 020 3176 3033 Tel: 020 3176 3031
|
| Merchant John East Securities Limited (Nominated Adviser) | |
| John East/Simon Clements | Tel: 020 7628 2200
|
| Mirabaud Securities LLP (Joint Broker) | |
| Rory Scott
| Tel: 020 7878 3360 |
| Rivington Street Corporate Finance Limited (Joint Broker) | |
| Dru Edmonstone | Tel: 020 7562 3389
|
| Hansard Communications (Public Relations) |
|
| Kirsty Corcoran/Justine James | Tel: 020 7245 1100 |
About Cinpart:
Cinpart plc (AIM: CINP) is a holding company that owns 72.2 percent of Active Energy Limited. Active Energy manufactures and supplies the VoltageMaster, a device that can reduce electricity consumption in commercial buildings by up to 20 percent.
Other wholly owned subsidiaries in the Group include Derlite Co Limited; based in Thailand, this company is an international manufacturer of electrical and non-electrical components specializing in ignition systems for gas appliances and Gasignition Limited; a trading company supplying electrical components to small and medium-sized European gas appliance manufacturers.
About Active Energy:
Active Energy owns the rights, intangible assets and intellectual property of VoltageMaster, a range of voltage optimisation equipment for commercial buildings that reduces voltage, and consequently energy consumed, by up to 20 percent. The VoltageMaster, a sophisticated, easy to install device that is adaptable to complement existing infrastructures, optimises the voltage used in a building by adjusting the electricity voltage supplied to the whole building. In addition, the reduced energy consumption produced by the VoltageMaster provides reduced carbon emissions.
Active Energy (AEG)