Result of AGM

16 Jun 2009 14:53



Immediate Release: Tuesday 16 June 2009

Zenergy Power plc

('Zenergy' or the 'Company')

Result of Annual General Meeting

Zenergy Power plc (AIM:ZEN.L), the superconductor energy technology company, announces that all resolutions placed before the Annual General Meeting ('AGM') of shareholders of the Company, held earlier today at 11:00hrs, were duly passed.

Details of the resolutions tabled can be found in the Notice of AGM, along with Annual Report and Accounts for the year ended 31 December 2008, on the Company's website, www.zenergypower.com. 

-Ends-

Further information

About Zenergy Power plc

Zenergy Power plc is a superconductor energy technology company, listed on the AIM market of the London Stock Exchange and comprising three operating subsidiaries located in Germany, USA and Australia. By innovating superconductor based technology solutions, the Group provides patented clean energy devices that greatly improve the efficiency with which customers generate, distribute and use electrical energy. 

To date, the incredibly energy efficient superconductive components at the heart of Zenergy's products have successfully delivered industrial customers significant reductions in energy consumption and provided utility companies with cutting-edge smart gird solutions. Looking to the near future, the Group is also developing a range of highly-energy efficient superconductor components for electricity generators capable of greatly reducing the cost of producing offshore wind power. All of which leads to the production of fewer carbon emissions in the world and a more sustainable economic growth path. In 2007 Zenergy achieved the world's first sale of an industrial scale commercial application incorporating superconductor technology and has subsequently developed products capable of addressing multi-billion dollar global markets.

About superconductivity 

Superconductive materials are capable of conducting electricity without any resistance and were first discovered in 1911 in what was to prove to be one of the most significant scientific breakthroughs of the 20th century. 

Superconductors enable:

(a)  Induction Heaters to be twice as efficient for the metals industry 

(b)  Fault Current Limiters to protect power grids from blackouts 

(c)  Direct-drive wind generators to be significantly reduced in size and weight allowing the operation of wind generators in excess of 8 MW

(d)  Existing hydro-power sites to increase energy efficiency and electrical power output