Inspirit Energy Holdings PLC Operations Update (1823P)
08 Giugno 2020 - 8:00AM
UK Regulatory
TIDMINSP
RNS Number : 1823P
Inspirit Energy Holdings PLC
08 June 2020
8 June 2020
Inspirit Energy Holdings PLC
("Inspirit Energy", the "Group" or the "Company")
Operations Update
Inspirit Energy Holdings PLC (AIM: INSP), the developer of micro
Combined Heat and Power (microCHP) boilers is pleased to provide an
update on its operations.
As previously announced, during these unprecedented times and
given the actions that Global Governments took to control COVID-19,
our European partners assisting with our Inspirit charger went into
lockdown and temporarily diversified their manufacturing into
producing Personal Protection Equipment (PPE) due to the high
demand over Europe and the World. We have been advised that as the
demand decreases for medical supplies and their supply chain for
materials recover availability, they will be returning to their
normal engineering manufacturing sector and will therefore be able
to assist with the testing of our microCHP boiler technology again.
The board will provide further updates on timing in due course.
Again, as referred to in the Interims published on 30 March ,
our marine partner also went in lockdown mid-March 2020 and has
recently opened operations in late May. Whilst both parties recover
from lockdown, we continue with our discussions on how we can
progress adapting our Inspirit Charger engine on two versions of
their marine engines. The board believe that the "Inspirit Charger
" is over 50% compatible for the marine engine application and
would reduce considerable time in research and development. The
board will provide further updates in due course.
Commenting John Gunn Chairman:
"I am pleased to advise that the team at Inspirit were not
furloughed during these unprecedented times and had been working on
enhancing materials and efficiencies on the "Inspirit chargers'
multiple applications for boiler and marine projects scheduled this
year".
There are no additional matters to bring to Investor's attention
at this stage.
End
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
More information on Inspirit Energy can be seen at:
www.inspirit-energy.com
For further information please contact:
Inspirit Energy Holdings plc
John Gunn, Chairman and CEO +44 (0) 207 048 9400
Beaumont Cornish Limited
www.beaumontcornish.com
(Nominated Advisor)
Roland Cornish / James Biddle +44 (0) 207 628 3396
Global Investment Strategy UK
Ltd
(Broker)
Samantha Esqulant +44 (0) 207 048 9045
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END
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