Contract Win
July 13 2010 - 10:41AM
UK Regulatory
TIDMCINP
RNS Number : 2885P
Cinpart PLC
13 July 2010
13 July 2010
(AIM: CINP)
CINPART PLC
("Cinpart" or "the Company")
New Contract Wins
Cinpart, which supplies cutting-edge voltage optimisation technology to reduce
the energy consumption and CO2 emissions of commercial buildings, is pleased to
announce that it has secured new sale contracts for its voltage optimisation
product, VoltageMaster, together worth approximately GBP375,000.
These orders are for the supply of VoltageMaster units to five prisons across
the UK. It is particularly encouraging that the contracts have been won under
the framework agreement announced in September 2009 with members of the Eastern
Shires Purchasing Organisation ("ESPO"), a local authority purchasing consortium
which Government departments are able to use to simplify their purchasing
process The units are now under construction and installation, which will be
carried out by Cinpart's strategic partner, Southern Electric Contracting Ltd
("SEC"), is expected to be completed by the end of September 2010.
The Company is pleased to announce that these sales have been generated as a
direct result of the strategic relationship with SEC. Following the initiation
of a formal training programme for SEC's sales and installation staff, in the
last month, SEC has generated a number of orders worth a total value in excess
of GBP150,000. SEC will install these units and will then invoice each customer
directly for the sale and installation services.
Kevin Baker, Chief Executive of Cinpart, commented,
"Active Energy's voltage optimisation technology offers an innovative solution
to cutting energy consumption and CO2 emissions. It is pleasing to see the
agreements in place, both with ESPO and our strategic partner, SEC, bearing
fruit and we are confident that the growth potential for our product remains
significant."
Enquiries:
+--------------------------------------+------------------------------+
| Cinpart Plc | |
+--------------------------------------+------------------------------+
| Kevin Baker, Chief Executive | Tel: 020 3176 3033 |
| Christopher Foster, Executive | Tel: 020 3176 3031 |
| Director | |
| | |
+--------------------------------------+------------------------------+
| Merchant Securities Limited | |
| (Nominated Adviser) | |
+--------------------------------------+------------------------------+
| John East/Simon Clements | Tel: 020 7628 2200 |
| | |
+--------------------------------------+------------------------------+
| Jendens Securities Ltd (Joint | |
| Broker) | |
+--------------------------------------+------------------------------+
| Kim Richardson | Tel: 0203 372 2500 |
| | |
+--------------------------------------+------------------------------+
| Rivington Street Corporate Finance | |
| Ltd (Joint Broker) | |
+--------------------------------------+------------------------------+
| Peter Greensmith | Tel: 020 7562 3370 |
| | |
+--------------------------------------+------------------------------+
| Biddicks (Financial PR) | |
+--------------------------------------+------------------------------+
| Sophie Lane | Tel: 020 7448 1000 |
+--------------------------------------+------------------------------+
About Cinpart
Cinpart plc (AIM: CINP) is a holding company that owns 72.2 per cent. 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 per cent.
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
per cent. 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
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