TIDMZEN
RNS Number : 9155V
Zenergy Power PLC
20 July 2009
Zenergy Power plc
('Zenergy Power' or the 'Group')
Induction Heater Sale to World's Largest Aluminium Extruder
Zenergy Power (AIM:ZEN.L), the superconductor energy technology company, is
pleased to announce that it has, in conjunction with its industrial
manufacturing and sales partner Bültmann GmbH, received a further commercial
order for a low-energy/high-productivity induction heater. Also known as a
'magnetic billet heater', the high performance machine (which is based around
Zenergy Power's patented superconductor technology) has been purchased by Sapa
Profili Srl ('Sapa'), the Italian subsidiary of the world's largest aluminium
profiles producer, the Sapa Group.
The high performance machine purchased by Sapa will be used as a replacement for
conventional gas heating equipment currently installed at its aluminium plant
located in Bolzano, Northern Italy. It is anticipated that the replacement of
the plant's conventional equipment with Zenergy Power's superconductor-based
equipment will lead to improved operational efficiency at Bolzano and thus
enhance the plant's overall commercial potential. In particular, Sapa will
exploit the superconducting machine's unique processing versatility to enable
the heating of several different types of aluminium alloy at the same plant.
Previously this type of versatility was unachievable as a result of the
limitations of the existing conventional gas heating equipment at the plant. As
a result, the Bolzano plant will now be able to produce a wider range of
aluminium products for a wider range of customers, increasing both the size of
its serviceable market and its overall commercial potential.
Zenergy Power is pleased to note the recognition in this instance of the
economic advantages of the Group's superconducting technology over conventional
heating solutions in market conditions of increasingly competitive pricing and
restricted industrial output. Accordingly, the Board remains confident that the
Group will meet its broker forecasts for the full year 2009 in terms of number
of units sold and revenues generated.
Jens Müller, CEO of Zenergy Power, commented:
'Previous sales of our high performance equipment have clearly proven the
economic attractiveness of our highly efficient technology in high throughput
operating conditions. In equal measure, this latest sale clearly demonstrates
the commercial advantages that can be gained from superconductor technology in
circumstances of increased global competition and weakened demand.'
Karl Förster, Vice President Technology / Investments, Sapa Group, commented:
'We are looking forward to integrating Zenergy Power's superconductor technology
into our operations. We have had the opportunity to work closely with Zenergy
Power to qualify the technical capabilities of the superconducting machine and
conclude that its proven efficiency levels will directly contribute to an
increased productivity level at our Bolzano plant. This will prepare it for a
bright future of servicing customer's requirements offering highest product
quality in the best efficient manner.'
-Ends-
Further information
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| Andrew Tan | Zenergy Power Plc | + 44 207 602 7420 |
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| David Bick | Square1 Consulting Ltd | + 44 207 929 5599 |
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| Andrew Godber/Katherine Roe | Panmure Gordon & Co | + 44 207 459 5742 |
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| Kam Bansil/Rory Scott | Mirabaud Securities Limited | + 44 207 866 0244 |
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About Zenergy Power plc
Zenergy Power is a superconductor energy technology company, quoted on the AIM
market of the London Stock Exchange and comprising three operating subsidiaries
located in Germany, USA and Australia. The Group's commercial focus is the
innovation and manufacture of clean energy superconductor solutions that are
capable of delivering huge efficiency and cost improvements to the generation,
distribution and consumption of electrical energy.
Today, the Group's groundbreaking superconductive solutions are already
delivering energy savings to industrial users of electrical energy and providing
cutting-edge protection from electrical power surges to the United States
electricity grid. Looking to the near future, the Group is currently developing
a range of highly energy efficient superconductor components for a new class of
electricity generator capable of delivering significant cost savings to the
renewable energy industry. These cost savings will enable renewable energy to
more effectively compete with traditional thermal power generation; leading to a
greater reduction in carbon emissions and a more sustainable economic future.
In 2007, Zenergy Power became the first company in the world to complete a
commercial sale of an industrial scale superconductor application and has
subsequently developed products capable of addressing several multi-billion
dollar global markets. Following this in the first quarter of 2009, the Group
proudly became the first company to install and operate a superconductor smart
grid device, capable of significantly reducing the damaging effects of
large-scale power surges, into the United States electricity grid. In line with
this leading industry position, Zenergy Power is also manufacturing core
components for what is due to be the world's first superconductor electricity
generator which is due for installation into E.ON AG's commercial hydro dam in
early 2010. It is anticipated that the installation of the superconductor
generator will increase the electricity output of this generator by 36%.
About superconductivity
Superconductive materials are capable of conducting electricity without any
resistance and were first discovered in 1911 in what was to prove to be one of
the most significant scientific breakthroughs of the 20th Century.
Superconductors enable:
* Energy intensive industrial applications capable of reducing energy consumption
by 50%
* The protection of national power grids from blackouts
* The production of revolutionary light-weight, efficient 10MW class renewable
wind generators capable of reducing the cost of offshore wind power by 25%
* The production of a new class of compact and efficient hydro generators capable
of significantly increasing electrical power output from existing and new hydro
dam structures
This information is provided by RNS
The company news service from the London Stock Exchange
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