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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Compact Power | LSE:CPO | London | Ordinary Share | GB0031544439 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 21.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4659T Compact Power Holdings PLC 19 December 2003 Compact Power Holdings PLC 19 December 2003 Compact Power announces a development agreement with QinetiQ Hasler Marine Technology, ("QinetiQ"). Compact Power, developer and proprietor of a leading-edge, environmentally friendly waste to energy technology announces that it has entered into a development agreement with QinetiQ, Europe's largest science and technology organisation, to develop a waste processing facility for maritime applications. The design will be based on Compact Power's proprietary pyrolysis and gasification technology. Under the terms of the agreement, Compact Power will develop a waste processing plant on a phased basis for maritime applications. The first phase of the project, which is currently underway and covered by a modest consultancy arrangement, entails the feasibility analysis and preliminary design of the systems. Dependent on the success of phase 1, phases 2 and 3 will cover the design, construction and testing of a land based prototype and the subsequent sea trials respectively. Trials are scheduled for completion in mid 2005. John Acton, Chief Executive of Compact Power commented: "We are delighted to have established this agreement with QinetiQ which not only recognises the advantages of pyrolysis and gasification over conventional thermal treatment, but also underlines Compact Power's pre-eminent position in the field of advanced thermal processing technology. Compact Power looks forward to developing this plant, which will be ideally suited for maritime application, but equally advantageous for many other situations with smaller waste disposal problems such as hospitals and island resorts." QinetiQ's Project Manager Sarah Kenny comments "QinetiQ has acknowledged the inherent advantages of pyrolysis and gasification for some time. We are pleased to appoint Compact Power, the only UK company capable of delivering the expertise we sought to develop this solution. About Compact Power Compact Power (LSE: CPO) has developed an innovative technology based on pyrolysis, gasification and high temperature oxidation for the safe, economic and environmentally friendly processing of a wide range of wastes with energy recovery. The company operates a commercial plant at Avonmouth, Bristol, which is the only commercial pyrolysis and gasification plant operating in the UK and the only thermal treatment plant authorised by the Environment Agency to operate under the Integrated Pollution Prevention and Control (IPPC) regime. Compact Power was listed on the London AIM (Alternative Investment Market) in April 2002. For more information, visit www.compactpower.co.uk About QinetiQ QinetiQ is Europe's largest science and technology organisation. The former MOD agency has a distinguished heritage as a leading provider of technology solutions and a supplier of impartial and trusted advice. QinetiQ's core business is providing scientific research, test and evaluation for military customers. In many areas the problems posed by the defence environment require the creation of intellectual property well beyond the state of the art in commercial markets. QinetiQ's move into the private sector facilitates access to innovative technologies by customers from fields as diverse as transport, health, energy and telecommunications. For more information, visit: www.qinetiq.com Contact Nic Cooper Chairman +44 117 980 2900 John Acton Chief Executive +44 117 980 2900 Barrie Newton, Rowan Dartington, +44 117 933 0011 Sarah Kenny, QinetiQ, +44 (0) 23 92 335129 Fergus Wylie, Cubitt Consulting, +44 20 7367 5103 This information is provided by RNS The company news service from the London Stock Exchange END AGRUKUKROSRUARA
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