Information  X 
Enter a valid email address

VPhase PLC (IAF)

  Print      Mail a friend       Annual reports

Wednesday 14 September, 2011

VPhase PLC

VPhase wins contract with Enact Energy

RNS Number : 2173O
VPhase PLC
14 September 2011



Press release

14 September 2011


VPhase plc


("VPhase" or the "Company" or the "Group")


VPhase wins contract with Enact Energy



VPhase plc, (AIM:VPHA), a leading developer of energy saving products for residential and commercial properties,is pleased to announce that Tesco Home Efficiency is to offer the VPhase voltage optimisation product following the signing of a contract between the Company's subsidiary VPhase Smart Energy Limited and Enact Energy Renewables Limited ("Enact"), an energy efficiency measures provider to Tesco.


Enact has a contract to provide products and services to the Tesco Home Efficiency service, which it has been running since June 2008.  VPhase will deliver its low cost energy saving product through Enact who will also organise installation. Enact has its full range of services available on the Tesco Home Efficiency website:


Information about the possible energy savings that the VPhase voltage optimisation device can provide will be available on the Tesco Home Efficiency website with immediate effect.


Rick Smith, CEO of VPhase commented:  "VPhase is a unique product, offering the householder up to 12% p.a. savings off their electricity bills, with no change in lifestyle.  We are delighted to have secured an agreement with Enact, which gives us access to a significant number of households through the well known Tesco Home Efficiency Service.


"As rises in energy bills continue to impact families across the UK, many are looking to new ways to be more efficient.  It is encouraging that through Enact, Tesco provides ways for consumers to access energy saving technologies in a way that is easy to understand and VPhase is delighted to be a part of it."


- Ends -


For further information:

VPhase plc

Rick Smith, Chief Executive Officer

+44 (0) 151 348 2100


Panmure Gordon

+44 (0) 20 7459 3600

Hugh Morgan / Abhishek Majumdar

Corporate Finance

Adam Pollock

Corporate Broking


Media enquiries

Abchurch Communications Limited

+44 (0) 20 7398 7710

Sarah Hollins / Joanne Shears / Quincy Allan


Notes to Editors:


About VPhase

VPhase plc is an energy efficiency technology company that launched the first domestic voltage optimisation device in the UK. The VPhase VX1 lowers the voltage in the home, reducing the energy consumption of many electrical appliances, saving money and reducing carbon emissions.


The VPhase device:

-      has been proven to save up to 12% off home electricity bills;

-      is easily installed by a qualified electrician;

-      does not require a change in lifestyle or electricity supplier;

-      is low cost, with a typical payback of under 5 years;

-      has a 5 year manufacturer's warranty and an expected lifespan in excess of 25 years;

-      can save up to 4.5 tonnes of CO2 over its 25+ year life;

-      attaches to the consumer unit (fuse box) and regulates the voltage to 220 volts;

-      is the next most affordable and effective green option for the home, after insulation.


The VPhase VX1 has been extensively tested with independent verification supporting the saving claims, including an Ofgem approved CERT demonstration action, social housing trials and a range of independent consumer trials. Many electrical appliances in the home will benefit from having their voltage optimised and reduced, including fridges, freezers, central heating pumps, televisions, washing machines, vacuum cleaners, etc. - and even 'energy-saving' light bulbs. As well as potentially saving up to £135 per annum, there is evidence that the life of electrical appliances can be extended by the use of this product; light bulbs in particular, have demonstrated at least a doubling of operating life when on a voltage optimised circuit.








About Enact Energy

Enact Energy has 15 years of experience in providing insulation measures and solar systems to UK properties, driving down energy bills while making homes more energy efficient.


Throughout the company's history Enact has remained at the forefront of driving the energy efficiency market forward.  Enact's dedicated professional service combines its experience and passion in achieving energy efficiency and climate change-related targets.


The aim of Enact is to not only improve the lives of individuals through the installation of energy efficient measures, but to also reduce their carbon footprint. Encouraging households to make simple but effective changes to their properties and lifestyles to save money - and, ultimately, the environment - is at the heart of the company and complements the bigger changes people can make to influence their future energy generation and consumption.  

This information is provided by RNS
The company news service from the London Stock Exchange