INSPIRIT ENERGY HOLDINGS PLC

Business and Financial Review • Aug 20, 2015

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RNS Number : 5588W

Inspirit Energy Holdings PLC

20 August 2015

Inspirit Energy Holdings plc

("Inspirit Energy", "Inspirit" or the "Company")

Appointment of Joint Broker

Inspirit (AIM: INSP), the AIM listed developer of an innovative micro combined heat and power (mCHP) boiler, is pleased to announce the appointment of Peterhouse Corporate Finance Limited as Joint Broker alongside Westhouse Securities Limited.

For further information please contact:

Inspirit Energy Holdings plc	www.inspirit-energy.com
David Lenigas, Chairman	+44 (0) 207 440 0640
John Gunn, Executive Director	+44 (0) 207 048 9400
Nilesh Jagatia, CFO	+44 (0) 207 048 9405
Westhouse Securities Limited	+44 (0) 207 601 6100
Antonio Bossi / David Coaten
Peterhouse Corporate Finance Limited
Lucy Williams / Duncan Vasey	+44(0) 207 469 0930
Public Relations:
Square1 Consulting
David Bick/Mark Longson	+44 (0) 207 929 5599

About Inspirit Energy Holdings plc:

Inspirit Energy Holdings plc, is developing and commercialising a highly efficient micro combined heat and power (mCHP) boiler for the commercial and residential markets. The boiler is specifically designed to meet the challenge of reduced carbon energy supply and is capable of running on natural gas, LPG and Bio Fuels. The appliance produces hot water (for tap water or central heating) and electrical output simultaneously. The installation can be of single or multiple configuration and its high operating efficiency together with the off-set of electricity costs provides a very attractive investment payback proposition.

Inspirit intends to explore opportunities to licence out the underlying technology and the Directors believe that in some instances, the patents owned by Inspirit may be also used in the development of products other than a mCHP appliance. A prototype of the appliance has been independently tested and shown to be capable of simultaneous generation of up to 15kW thermal and up to 3kW electrical output. Once development of the appliance has been completed and commercialised, the Directors expect that the appliance will initially be marketed in the UK and Europe and eventually worldwide. Additional revenue streams may be possible through product licensing, sales of warranties and further development of the product. 

This information is provided by RNS

The company news service from the London Stock Exchange

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