![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Engex, Inc. | AMEX:EGX | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Energetix Group plc 09 October 2006 For Immediate Release 9 October 2006 Energetix Group plc ("Energetix" or "the Company") Technical development Energetix Group plc (AIM:EGX), the alternative energy specialist, today announces technical progress with it's Pnu Power, Uninterruptible Power Supply ("UPS") technology. The Company's development team have increased the power output from the Pnu Power system by 50% from 20kW to 30kW without additional cost. UPS systems automatically provide power in times of power sags or outages, whilst a backup generator or safe shut down routine is started. The technical development announced today should enable the Company to address the mid range UPS market, if Pnu Power is adopted in multiple modules. The adoption of Pnu Power should be suited to companies using battery powered UPS, such as financial institutions, telecommunications, health care, etc. The use of Pnu Power is expected be more cost effective than lead acid batteries, as battery technologies need to be replaced every 3-5 years adding substantial periodic capital expenditure in addition to high maintenance costs. Commenting on this development Adrian Hutchings, Energetix Group CEO, said: "Whilst our initial product offering is still likely to be based around our core 20kW module, this technical development takes us one step closer to competing with lead acid batteries on a first cost basis." For further information please contact: Energetix Group plc 0151 348 2111 Adrian Hutchings, Chief Executive Officer Zeus Capital 0161 831 1512 Alex Clarkson Ben Thompson Buchanan Communications 020 7466 5000 Ben Willey Ben Romney About Energetix Group Energetix floated on AIM in August 2006, raising #5.4 million net of expenses. The Company is developing two products - namely Genlec - a micro CHP product for the domestic boiler market and Pnu Power and UPS product for the small to mid range power market. Energetix has a strong board including individuals experienced in the formation and delivery of new technology businesses, with specific market knowledge and governmental influence. A team is in place with over 80 man years of experience in alternative energy product development. History and Background The business was established by Adrian Hutchings in 1997, having spent the previous four years at British Nuclear Fuels plc ("BNFL") developing alternative energy products and identifying new business ventures for energy systems. Energetix raised #1.3m of private equity funds to develop products for both the energy storage and distributed generation markets. Energetix had identified the need for new products for these markets and initiated a search for intellectual property that could be developed to produce suitable products. A number of technologies were considered, including the Fuel Cell and the Stirling Engine. In 2002, technology was identified at Battelle with the potential to be a low cost product, based on mass produced components. Energetix subsequently entered into a joint venture with Battelle to develop the technology in 2003. Energetix started development of Genlec in 2003 and identified that the core technology within the Genlec system could also be utilised for energy storage applications. Core Technology Energetix has two key products that have been built around the same core scroll technology. Scroll Compressors are mass produced for the refrigeration and air conditioning marketplaces. Energetix take these Scroll Compressors and with minor modifications run them in reverse to operate as a scroll expander. When in normal operation, they are driven by a motor to compress a gas. However, once modified to operate in reverse, compressed gas is injected into the scroll which then expands, driving the scroll expander which in turn drives a generator to produce electricity. Despite the simple nature of this core component, Energetix has international patent protection for both products using this system. Products and Markets Energetix has developed two products, Genlec and Pnu Power which are aimed at markets currently valued at #8bn per annum and #1bn per annum respectively. Genlec is a new module which is incorporated into a boiler and uses a technology known as Micro Combined Heat and Power ("M CHP"). Energetix has received a proposal from a prominent boiler manufacturer to become a sales and manufacturing partner for this product. Pnu Power is an alternative energy storage technology to batteries, that uses compressed air. Its primary use and market will be the energy storage element of the uninterruptible power supply market. This information is provided by RNS The company news service from the London Stock Exchange END NRABRBDGBXGGGLL
1 Year Engex Chart |
1 Month Engex Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions