Aggregated Micro Power Holdings PLC IncubEx completes Partnership Agreement with EEX (8172M)

TIDMAMPH

RNS Number : 8172M

Aggregated Micro Power Holdings PLC

02 August 2017

Aggregated Micro Power Holdings plc

("AMP", the "Group" or the "Company")

IncubEx in Partnership Agreement with the European Energy Exchange

Aggregated Micro Power Holdings plc (AIM: AMPH), a distributed energy company specialising in the sale of wood fuels and the financing and installation of distributed energy projects including biomass boiler ESCOs (Energy Supply Contracts), stand by power generation and battery storage facilities, is pleased to announce that IncubEx (in which AMP has a 28.8% shareholding) has reached agreement with the European Energy Exchange ("EEX") to form a partnership to build and improve liquidity in environmental, energy and other related contracts. The IncubEx/EEX joint press release can be found at the following link: www.theincubex.com/news

Richard Burrell, Chief Executive of Aggregated Micro Power Holdings plc, said:

"We are delighted that IncubEx has reached this agreement with EEX, which is part of the Deutsche Borse Group, to allow trading and clearing of contracts developed by IncubEx. IncubEx is now in a position to fulfil its stated aim to innovate and incubate new financial products and services that meet the needs of the global energy and environmental markets. EEX has established significant market share in the primary and secondary markets of the European Union Emissions Trading Scheme and under the cooperation agreement, EEX and IncubEx will join forces in product development, marketing and sales to ensure close customer contact and to support market growth. The IncubEx team, who have extensive experience of environmental markets, is now in a strong position to build a world class business."

Contacts

 
 Aggregated Micro Power Holdings plc           020 7382 7800 
 Neil Eckert, Executive Chairman 
  Richard Burrell, CEO 
  Helene Crook, Investor Relations 
 Haggie Partners 
  Peter Rigby / Brian Norris                   020 7562 4444 
 finnCap Ltd 
  Ed Frisby/Simon Hicks (Corporate Finance)     020 7220 0500 
  Stephen Norcross (Corporate Broking)           020 7220 0513 
 

About Aggregated Micro Power Holdings plc

The AMP Group was established to develop, own and operate renewable energy generating facilities. It specialises in the sale of wood fuels and in the installation of distributed energy projects. AMP's wholly owned subsidiary Forest Fuels sells high quality wood chip and wood pellet to end customers throughout the UK, while its projects division installs biomass boiler and biomass CHP systems for a wide range of applications and customers. AMP is also active in developing projects for stand-by power generation and battery storage facilities which aim to balance the transmission grid at times of peak demand. www.ampplc.co.uk

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

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August 02, 2017 04:00 ET (08:00 GMT)