MOU signed with Simon Carves Engineering
20 October 2011
PowerHouse Energy Group plc
("PowerHouse", the "Group" or the "Company")
PowerHouse signs Memorandum of Understanding with
process engineering firm, Simon Carves
PowerHouse Energy Group plc, (AIM: PHE) an alternative energy business specialising in the sale of waste to energy systems, announces the signing of a Memorandum Of Understanding ("MOU") with Simon Carves Engineering Ltd, ("SCEL") a Manchester-based process engineering & consulting firm.
The MOU signals the commencement of a strategic relationship between both parties from which PHE expects to benefit from SCEL's considerable expertise in technology delivery. It is expected that this relationship will propel PowerHouse further on its path to commercialising the Pyromex Ultra High Temperature Gasification (UHTG) technology around the world.
The agreement is a progressive step for SCEL into the waste-to-energy sector of the alternative energy market following its identification of PowerHouse's Pyromex UHTG systems as an industry leading gasification technology with a substantial global market opportunity. SCEL has been actively engaged within the renewable industry for many years, having successfully delivered first generation waste to energy facilities and represents an ideal engineering and technology partner for PowerHouse.
Ross Lyndon James, Executive Chairman of PowerHouse Energy plc, commented:
"Today's announcement is further evidence of the tipping point PowerHouse is experiencing in the transition from a pre-sales pipeline to actual sales. PowerHouse is pleased to be working with such an experienced engineering and technology partner who can assist in the exploitation of the sales pipeline. This MOU with Simon Carves is another important step in that transition."
Michael Robinson, General Manager of Simon Carves Engineering Ltd. stated:
"Simon Carves is delighted to become a part of this exciting new technology. Simon Carves has been actively engaged within the renewable industry for many years, having successfully delivered waste to energy facilities as well first generation fuel ethanol plants. As such, we are pleased to become the partner of choice by Powerhouse."
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For additional information please contact:
PowerHouse Energy Group plc
Ph: +44 (0) 20 7887 1362
Fax: +44 (0) 121 585 6228
Email: inquire@powerhousegroup.co.uk
Merchant Securities Limited (NOMAD and Broker)
David Worlidge/Simon Clements
+44 (0) 20 7628 2200
Pelham Bell Pottinger
Nick Lambert / Charles Stewart
+44 (0) 20 7861 3232
About PowerHouse Energy Group plc
· PowerHouse Energy Group plc is a leading provider of economically proven, on-site, clean energy systems that use traditional and renewable forms of fuel to generate electric and thermal energy in an environmentally responsible way
· PowerHouse offers a complete turnkey waste/biomass to energy equipment solution either by: direct sale or energy supply under long term power purchase agreements
· PowerHouse's shares trade on the Alternative Investment Market under the ticker (PHE)
About Simon Carves Engineering Ltd.
· Established over 130 years ago, Simon Carves has delivered proven innovative engineering and global capital programmes that meet the most stringent requirements of its customers and is today trusted across the globe for its technical delivery.
· As a subsidiary of the Punj Lloyd Group (an international conglomerate offering EPC services across a diverse range of industries with US $1.8 billion turnover per year), Simon Carves offers unrivalled access to high-value engineering and global procurement in varied environments and conditions.
· Simon Carves' high-end process engineering prowess is greatly enhanced by its close collaboration with its ultimate parent, Punj Lloyd Group, delivering together turnkey EPC projects across the globe.
This information is provided by RNS
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