Verditek PLC IEC Certification of PV Technology (0106F)

TIDMVDTK

RNS Number : 0106F

Verditek PLC

10 July 2019

10 July 2019

Verditek PLC

("Verditek" or the "Company")

Verditek Solar Italy passes IEC Certification of their PV Technology

Verditek plc, (AIM: VDTK), is pleased to announce that its lightweight photo-voltaic ('PV') panel technology has successfully passed all tests required for IEC 61215 and IEC 61730 certification. The technology is being used to transform solar power by making very light-weight robust photo-voltaic solar cells. These can be deployed in many more ways than heavy conventional solar cells - such as on weaker, temporary, or old roofing.

Obtaining certification is the final step of preparation for commercialisation, as it verifies the robustness and efficiency of our PV technology. Manufacturing will now proceed to fulfil our first order (1 plus 3 MW this year and next), conversion of the good pipeline of leads being generated by our sales team and through our commercial partners - Engenera Renewables Limited and Optimeyes Energy Limited.

As recently announced, our 1800m(2) facility near Milan comprises an automated manufacturing line with a production capacity of 20 MW per annum. In order to pass the IEC tests, the panels have been exposed to months of testing, including thermal cycling (-40C to 85C), damp-heat, mechanical-load and hail tests which simulate aggressive ageing and exposure to differing climactic conditions. Testing was carried out by TUV InterCert, an international organisation with headquarters in Bonn.

Thanks to its polymer construction, our PV panels are robust and semi-flexible, being only approximately 3 mm thick they are easy to install and weigh in around 2.3 kg/m2 compared with 11-15 kg/m2 for conventional panels. By using the same high-quality monocrystalline cells employed in the very best PV modules, this delivers more watts per weight.

Alfredo De Mutiis, General Manager, Verditek Solar Italy says: "This milestone confirms the quality of materials and design of our panel benchmarks against the best conventional panel available in the market. We will continue to improve on our design and formulation as we mature the business, but I am satisfied that our hard work and determination of the last months has been rewarded."

Dr Geoff Nesbitt, CEO of Verditek plc says: "I am extremely proud of what Alfredo and our team in VSI have accomplished in achieving these standards with our products. I speak for the Board when I state we stand behind the ingenuity and perseverance of our people as they deliver a first-class solar manufacturing facility in Europe. The multi-billion-dollar solar market continues to expand as the world embraces renewable energy, and we are well positioned with a certified product that addresses a need in commercial warehousing and pre-engineered roofing that has been unserved."

Enquiries:

 
 Verditek plc 
  RH Lord David Willetts FRS (Non-Executive            Tel: [phone] 
  Chairman)                                                           1110 
  Dr Geoff Nesbitt (Chief Executive Officer)     [e-mail] 
 
   WH Ireland Limited (NOMAD and Broker)               Tel: [phone] 
                                                                      1666 
 Chris Hardie (Corporate Finance) 
  Matthew Chan 
  Adam Pollock (Corporate Broking) 
 

About Verditek plc

Verditek plc (AIM: VDTK) is headquartered in London and holds interests in three businesses operating within the clean technology sector. This includes full control of a new manufacturing factory in Lainate Italy comprising two solar manufacturing production lines (total of 20MW p.a.) producing innovative lightweight solar modules. Additionally, the company has interests in a sustainable filtration and deodorization technology which is commercially proven to remove a wide range of odours found in wastewater and exhausts, and a unique liquid gas absorption technology which can revolutionize the global CO2-capture industry.

For further information, please visit https://verditek.com/

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July 10, 2019 02:00 ET (06:00 GMT)