CINP Cinpart

 

TIDMCINP 
 
RNS Number : 8518G 
Cinpart PLC 
09 February 2010 
 

9 February 2010 
 
                                  CINPART PLC 
                          ('Cinpart' or the 'Company') 
 
 
                Ministry of Justice Awards Contract for 52 Courts 
 
Cinpart plc (AIM:CINP), announces that Active Energy Limited ("Active Energy"), 
its subsidiary company, has been awarded a contract by the Ministry of Justice 
("MOJ"), one of the governments largest departments, as part of a multi phased 
tender process. 
 
Under the terms of the contract Active Energy will provide and install 55 
VoltageMaster units at 52 courts throughout England and Wales. It is expected 
that the units will be installed on or before 31 March 2010 and the installation 
work will be carried out by Southern Electric Contracting Limited ("SEC").  This 
follows the announcement in January 2010 of the MOU agreement, in which SEC is 
providing marketing, sale and installation of the VoltageMaster product as the 
preferred voltage optimisation device for its commercial clients. 
 
The value of the 55 unit contract is approximately GBP900,000. Active Energy was 
invited to participate in the tender process, as a result of the performance of 
the VoltageMaster and its associated cost savings. Active Energy is currently 
tendering for additional MOJ sites, which form part of the Ministry of Justice's 
strategy to improve energy efficiencies. 
 
Kevin Baker, Chief Executive of Cinpart, commented: "It is reassuring to see the 
MOJ placing such a priority on the importance of addressing energy efficiency 
and we are delighted to be able to provide the VoltageMaster product to assist 
the MOJ in reducing energy costs by up to 20 per cent per annum." 
 
-ENDS- 
 
Enquiries: 
+-----------------------------------+------------------------------------+ 
| Cinpart Plc                       |                                    | 
+-----------------------------------+------------------------------------+ 
| Kevin Baker, Chief Executive      | Tel: 020 3176 3033                 | 
| Christopher Foster, Executive     | Tel: 020 3176 3031                 | 
| Director                          |                                    | 
|                                   |                                    | 
+-----------------------------------+------------------------------------+ 
| Merchant John East Securities Limited (Nominated Adviser)              | 
+------------------------------------------------------------------------+ 
| John East/Simon Clements          | Tel: 020 7628 2200                 | 
|                                   |                                    | 
+-----------------------------------+------------------------------------+ 
| Mirabaud Securities LLP (Joint Broker)                                 | 
+------------------------------------------------------------------------+ 
| Rory Scott                        | Tel: 020 7878 3360                 | 
|                                   |                                    | 
+-----------------------------------+------------------------------------+ 
| Rivington Street Corporate Finance Limited (Joint Broker)              | 
+------------------------------------------------------------------------+ 
| Dru Edmonstone                    | Tel: 020 7562 3389                 | 
|                                   |                                    | 
+-----------------------------------+------------------------------------+ 
| Hansard Communications (Public    |                                    | 
| Relations)                        |                                    | 
+-----------------------------------+------------------------------------+ 
| Kirsty Corcoran/Justine James     | Tel: 020 7245 1100                 | 
+-----------------------------------+------------------------------------+ 
 
About Cinpart: 
Cinpart plc (AIM: CINP) is a holding company that owns 72.2 percent of Active 
Energy Limited. Active Energy manufactures and supplies the VoltageMaster, a 
device that can reduce electricity consumption in commercial buildings by up to 
20 percent. 
 
Other wholly owned subsidiaries in the Group include Derlite Co Limited; based 
in Thailand, this company is an international manufacturer of electrical and 
non-electrical components specializing in ignition systems for gas appliances 
and Gasignition Limited; a trading company supplying electrical components to 
small and medium-sized European gas appliance manufacturers. 
 
About Active Energy: 
Active Energy owns the rights, intangible assets and intellectual property of 
VoltageMaster, a range of voltage optimisation equipment for commercial 
buildings that reduces voltage, and consequently energy consumed, by up to 20 
percent. The VoltageMaster, a sophisticated, easy to install device that is 
adaptable to complement existing infrastructures, optimises the voltage used in 
a building by adjusting the electricity voltage supplied to the whole building. 
In addition, the reduced energy consumption produced by the VoltageMaster 
provides reduced carbon emissions. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 CNTBRGDDISGBGGI 
 

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