RNS Number : 9831Y
Ultima Networks PLC
11 January 2011
Ultima Networks plc
("Ultima" or the "Company")
Ultima Launches FREE Solar Energy for Schools Initiative at BETT 2011
The Board of Ultima is delighted to confirm the launch of company's "FREE Solar Energy for Schools" Initiative which will be formally presented at the BETT show being held at Olympia London between the 12th and 15th January 2011. (BETT is the largest educational technology exhibition in the world and targets all levels of education). Ultima's schools initiative offers a Solar PV installation with a capacity of generating 4KW of electricity supplied and installed without cost to the participating school. The school will have the benefit of using electricity generated without charge, reducing pressure on their budgets. Ultima will receive the government backed feed in tariff arising from the generation of electricity from renewable sources. The initiative provides a school with the opportunity to monitor and demonstrate to students the benefits of renewable energy in addition to sharing in the environmental gains and cost savings.
Professor Humayun Mughal, Chairman and CEO of Ultima, said:
"The schools initiative represents a significant step by the Green power division to deploy Solar PV electricity micro generation installations to educational establishments throughout the UK. The Schools that participate will generate renewable green energy reducing their carbon footprint and will make a saving in the electricity bills through the use of the electricity generated. The scheme is a win/win situation, the participating schools receive free green electricity and Ultima benefits from the Feed in generation tariff for 25 years."
Ultima Networks plc 01279 821200
Prof. Humayun Mughal, Chairman and CEO
Allenby Capital Limited (nominated adviser and broker) 0203 328 5656
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