Auhua Clean Energy Plc Partners with Purdue University
August 21 2014 - 4:00AM
RNS Non-Regulatory
TIDMACE
Auhua Clean Energy Plc
21 August 2014
AUHUA CLEAN ENERGY PLC
("Auhua" or the "Company")
Auhua Clean Energy partners with Purdue University to further
enhance its solar thermal technologies
21 August 2014:Auhua Clean Energy Company Plc (AIM: ACE), the
environmental technology group, announced today that its
wholly-owned subsidiary, Taiwan Ziolar Technology ("Taiwan
Ziolar"), has entered into a joint development agreement with Lyles
School of Civil Engineering, Purdue University, Indiana, US, to
optimise Taiwan Ziolar's innovative solar thermal panel design.
Purdue University will work with Taiwan Ziolar to enhance
Auhua's existing solar thermal technologies by further developing
its advanced composite material and proprietary coating
technologies. These innovations will aim to achieve breakthrough
performance in a number of ways, including system efficiency,
structural strength, safety, durability, building lighting, and
thermal management, and advance the Building Integrated Solar
Thermal (BIST) applications of the design. All technology developed
under the joint development agreement will belong exclusively to
Auhua.
David Sumner, Chairman of Auhua, added: "Our acquisition of
Ziolar has helped Auhua build its international presence and expand
overseas. Property developers are constantly seeking solar
technologies that integrate more seamlessly and aesthetically into
building design from the outset. This agreement, which focuses on
exactly that, puts us in an even stronger position to continue to
attract global partnerships with property developers. We are
committed to advancing our competitive advantage in thermal solar
globally. Partnering with one of the best regarded engineering
schools in the world, Purdue University, helps us to achieve these
goals."
Dr. Ming Qu, Associate Professor of Purdue University's Civil
Engineering graduate programme, who leads the Taiwan Ziolar joint
project, commented: "By using state-of-art software simulation and
computerised building models, we are able to provide comprehensive
analysis of global climates and geographic profiles to help
optimise Taiwan Ziolar's BIST applications which can be applied
throughout the world."
Dr. Steve Peng, CEO of Ziolar, said: "Collaboration with Purdue
University will streamline our product development cycle, advance
industry applications and raise our product offering to a whole new
level."
Purdue University's Civil Engineering graduate programme is a
world leader in building technology and energy efficiency research,
and is ranked sixth in the US jointly with the Massachusetts
Institute of Technology (MIT), according to the U.S. News &
World Report 2014.
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Media Enquiries
Brunswick Carolina Desmeules auhua@brunswickgroup.com
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Further information
Auhua Clean Energy David Sumner, non-executive davidjsumner@auhuacleanenergy.com
plc Chairman
------------------------- ---------------------------- ----------------------------------
Grant Thornton UK Philip Secrett / Maureen +44 (0)20 7383 5100
LLP (Nominated Adviser) Tai / jamie.r.barklem@uk.gt.com
Jamie Barklem
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Peat & Co Charlie Peat +44 (0)203 540 1721
(co-broker) Charlie.peat@peatandco.com
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Cornhill Capital Nick Bealer +44 (0)20 7710 9610
Limited (co-broker) nickb@cornhillcapital.com
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About Auhua:
Auhua Clean Energy (www.auhuacleanenergy.com) is an
environmental technology group based in the Shandong Province of
Eastern China specialising in the development and application of
green energy and energy efficient solar water heating solutions. In
particular, the Group is focused on the manufacture and sale of
split-unit solar water heating systems.
Auhua Clean Energy operates through its wholly owned
subsidiaries Shandong Auhua New Energy Co., Ltd and Weihua Auhua
New Energy Co., Ltd., of which Auhua Holdings Pte Ltd is the
intermediate holding company.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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