Flowgroup plc CE Type Approval and Sales Update (6760J)
April 09 2015 - 2:00AM
UK Regulatory
TIDMFLOW
RNS Number : 6760J
Flowgroup plc
09 April 2015
Flowgroup plc
("Flowgroup" or the "Company")
CE Type Approval and Sales Update
Flowgroup plc (AIM: FLOW), which develops and commercialises
alternative and efficient energy technology products, announces
that, following the establishment of the volume production line at
its manufacturing partner Jabil's facility in Livingston, Scotland,
it has gained CE Type Approval for the production line and for
volume manufacture of its microCHP Flow boiler. The Group also
announces that it has already taken reservations for Flow boilers,
in line with its sales plan, for April and May.
The Group previously announced CE certification for the Flow
boiler in March 2014. This stage of certification allowed a small
number of units to be installed for testing in homes. The final
stage of CE certification to launch a product to the mass market is
to extend the testing to the production facility and, in the
Group's case, the boilers manufactured in that production facility.
This was successfully achieved on the 8 April 2015. The first
commercial installs of the Flow boiler are expected to take place
before the end of April, as planned.
As previously announced, the Flow boiler launched at the end of
January 2015. Regional marketing campaigns in the North West and
North East began at the start of February and were expanded to the
Midlands and the South East in early March. Campaigns will now
continue on an ongoing basis, achieving national coverage in June.
The campaigns have driven significant levels of customer enquiries
into the redesigned Flow website and the Flow call centre.
Tony Stiff, CEO of Flowgroup, commented: "We are extremely
pleased to announce that customers are responding well to the Flow
offer. Our marketing and sales teams have worked hard to achieve
this strong impact. We expect to begin our first commercial
installs before the end of April. Our regional marketing campaigns
have driven high volumes of traffic into our website and we believe
we can increase these volumes still further as we target more of
the country. In addition, our network of independent installers
will soon begin to start pro-actively recommending the Flow boiler
to their customers, opening another vital sales channel. In
achieving reservations of the Flow boiler in line with our sales
plan, and in gaining CE Type Approval for the Flow boiler and
production line, which, while expected, still represents a major
achievement, we are firmly on track to deliver a successful product
into the market and to begin to establish Flow's credentials as the
future of home heating and home energy."
Flowgroup plc www.flowgroup.uk.com
Tony Stiff, Group Chief Executive Officer Tel: +44 (0)151 348
2100
Nigel Canham, Chief Financial Officer
Investec Bank plc (NOMAD, joint Financial Tel: +44 (0)20 7597
Adviser and joint Broker) 4000
Christopher Baird / Daniel Adams / Ben Williams
Cenkos Securities plc (joint Financial Adviser Tel: +44 (0)20 7397
and joint Broker) 8900
Stephen Keys / Christopher Golden (Corporate
Finance)
Julian Morse (Sales)
Walbrook PR Ltd Tel: +44 (0)20 7933 8780 or flowgroup@walbrookpr.com
Paul McManus Mob: 07980 541 893
This information is provided by RNS
The company news service from the London Stock Exchange
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