Plurion Update

Applied Intellectual Capital plc
03 March 2008

3 March 2008



                          APPLIED INTELLECTUAL CAPITAL



           POWER STORAGE MANUFACTURING FACILITY ANNOUNCED FOR METHIL



Applied Intellectual Capital ("AIC") (AIM: AINC) is pleased to announce that,
following the purchase of ITI Scotland's interests in Plurion Limited 
("Plurion"), a 945 square metre state-of-the-art manufacturing facility is being 
planned at the Fife Energy Park in Methil, Scotland. The site has been 
extensively developed by Scottish Enterprise and Fife Council in recent years.



The new facility, which will complement Plurion's existing research laboratory
at Glenrothes, will enable the company to progress its high capacity energy
storage commercialisation project to the production stage.



Plurion was established in 2005 to develop and commercialise a novel and cost
effective large-scale battery storage system. After considering several sites
across Europe, the company has chosen Fife Energy Park as its preferred location
for manufacture due to the site's growing reputation in the field of renewable
energy-related fabrication.



AIC also intends to use the facilities at Glenrothes and Methil to further
develop its other electro-chemical technologies.  Significant commercial
interest has already been shown in its highly innovative EverClear and RedOx
technologies. These technologies are being used to purify waste material from
mines (EverClear) and to convert ligno-cellulosic waste into ethanol and other
bio-fuels (RedOx).



Mike Woodroffe, Chairman of Plurion, commented:



"This continues Plurion's excellent relationship with Scottish Enterprise, which
has done tremendously well to rejuvenate the Methil site so quickly, which now
has all the infrastructure and facilities that we could wish for.  As Plurion
accelerates its development and as AIC's other technologies also attract
attention and investment, we believe this will provide a significant boost to
the local economy."



Willie Johnston, of Scottish Enterprise added:



"We are delighted that Plurion will be taking premises at Fife's Energy Park.
It is a significant endorsement of our decision to commit resources and
investment to the site.  Their technical requirements were pretty stringent, so
the fact they have committed to this site is a mark of how well the Energy Park
is perceived to be meeting the needs of today's growing renewable energy sector.
  We look forward to a long and happy association with Plurion."


ENQUIRIES:


Applied Intellectual Capital:    Dr. Stephen Clarke     Tel. [phone]

Plurion Limited:                 Mike Woodroffe         Tel. [phone]

Scottish Enterprise:             Aileen Hotchkiss       Tel. [phone]

Pelham Public Relations :        Archie Berens          Tel. [phone]

Nabarro Wells:                   Marc Cramsie           Tel. [phone]



NOTES FOR EDITORS



About AIC



AIC is an AIM listed company that funds, develops, patents and commercialises
electrochemical and advanced separations technologies in clean energy,
electricity storage, water treatment, metals recovery and other emerging
markets.  AIC listed on AIM in January 2007 and currently has a market
capitalisation of approximately £107 million.



About Plurion



Plurion was established to develop and subsequently commercialise a novel and
potentially highly cost-effective technology for high capacity electricity
storage.  Plurion was attracted to Scotland, to develop its innovative and
revolutionary large-scale battery system by ITI Scotland's programme for
attracting new technologies to the Country.



Plurion owns the exclusive rights to a type of Flow battery (or RedOx battery)
developed by AIC. AIC provided initial funding to develop Plurion's technology.
The Directors believe that Plurion is in a strong position to exploit the
growing market for high capacity electricity storage.














                      This information is provided by RNS
            The company news service from the London Stock Exchange
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