CINP Cinpart

 

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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