Energetix Group Plc
("Energetix" or the "Company")
Additional Intellectual Property - Genlec US Patent
Energetix Group plc, (AIM: EGX), which develops and commercialises alternative and efficient energy products, announces that its subsidiary Energetix Genlec Limited ("Genlec") has received a notice of allowance from the US Patent and Trademark Office for a key sub-system patent relating to its microCHP technology utilised in its Kingston microCHP appliance. The patent titled "Closed Cycle Heat Transfer Device and Method" is an important part of the integration of the Genlec organic Rankine cycle into the Kingston condensing boiler.
The grant of this patent provides additional protection to the Company's core product platform utilised in its Kingston microCHP product and builds on the Company's intellectual property portfolio relating to its Genlec technology. The Company has a core patent granted in 32 countries which protects its organic Rankine cycle based microCHP system.
In addition to this patent, Genlec has several other applications in progress which relate to its product platform and which should protect both product design and key performance improvements.
Commenting Adrian Hutchings, CEO of Energetix Group, said: "Energetix Group has its foundations rooted in strong intellectual property, including patents, know-how and trademarks. This notice of allowance provides yet further protection for our technology and creates value for the Company."
For further information:
Energetix Group plc
Adrian Hutchings, Chief Executive Officer
Tel: +44 (0)151 348 2111
Cenkos Securities plc (NOMAD & Broker)
Stephen Keys / Adrian Hargrave (Corporate Finance / Nomad)
Julian Morse (Sales)
Tel: +44 (0)20 7397 8900
Walbrook PR Ltd
Tel: +44 (0)20 7933 8780
Paul McManus (Media Relations)
Paul Cornelius (Investor Relations)
About Energetix Group plc
Energetix Group plc is a developer of cost-effective products to meet the growing global demand for alternative energy, with particular focus on distributed generation, energy storage, and energy efficiency. Currently Energetix has two subsidiary businesses:
Genlec - distributed energy generation for domestic dwellings.
Pnu Power - back-up power for the Telecom, Technology and power transmission markets.
In addition, Energetix has a c.27% stake in VPhase plc, an energy efficiency business Energetix created and subsequently spun out of Energetix in 2010. VPhase is now a standalone independently funded commercial venture.
With all technology development now completed Energetix is well positioned as both its subsidiaries move into the latter phases of commercialisation with their best-of-breed solutions.
Genlec has developed a highly efficient, compact and light weight, wall mounted microCHP (Combined Heat and Power) appliance known as the Kingston Boiler. The Kingston boiler is specifically designed to generate 1kW of electrical power to meet the UK's Microgeneration Certification Scheme (MCS) to enable UK owners to receive the Government's 10p/ kWh feed in tariff for approved microCHP devices. The Kingston boiler therefore has an inherent low total cost of ownership (initial outlay plus maintenance) and has already demonstrated industry leading payback cycles which many analysts believe is the key to unlocking this significant market opportunity.
CE certification of the boiler has been obtained and initial units have been installed in employee homes. During 2011 a production version of the Kingston boiler was developed and this is also going through the CE certification prior to a roll out of 40-50 units during the Spring of 2012.
Pnu Power focuses on the provision of compressed air back-up power which can ensure an uninterruptible power supply for critical systems, particularly for the telecoms, data centre and power transmission markets. Pnu Power range has been extended to include the DC100 product that can now meet the demand of the rapidly growing Green Data Centre market, providing a low carbon alternative to flywheels. Pnu Power has been successful in achieving repeat trial sales and is now poised to move out of the trial sales phase and into full volume commercial sales.
Energetix Group joined AIM in August 2006. The Group and its subsidiaries and associates are all based near Chester, NW England.