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Inspirit Energy Hlds (INSP)

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Monday 09 February, 2015

Inspirit Energy Hlds

LOI with major global contract manufacturer

RNS Number : 3373E
Inspirit Energy Holdings PLC
09 February 2015
 

9 February 2015

 

Inspirit Energy Holdings plc

("Inspirit", "Inspirit Energy" or the "Company")

 

Inspirit signs LOI with major global contract manufacturer

 

Further to the announcement of 8 January 2015 highlighting that Inspirit was looking to expand its third party production capabilities with international manufacturing companies for the fulfillment of significant volumes of the Inspirit mCHP boilers over the next 5 years, Inspirit Energy (LSE AIM: INSP) is pleased to announce that it has now signed a Letter of Intent ("LOI") with a major multi national contract manufacturing services company that may lead to a significant manufacturing agreement being finalized during this quarter.

 

John Gunn, Inspirit Energy's CEO, commented;

 

"The terms of the LOI remain confidential at this stage, however should Inspirit and the global manufacturer enter into a binding manufacturing agreement, Inspirit envisages a significant boost to the business and its ability to manufacture and deliver a significant volume of the Company's mCHP's globally, whilst minimizing the requirement to fund equipment, tooling and working capital."

 

 

For further information please contact:

 

Inspirit Energy Holdings plc

John Gunn, Executive Director

Nilesh Jagatia, CFO

www.inspirit-energy.com

+44 (0) 207 048 9400

+44 (0) 207 048 9405



Westhouse Securities Limited

Antonio Bossi/David Coaten

 

+44 (0) 207 601 6100



Beaufort Securities (Joint Broker)


Jon Levinson/Saif Janjua/ Elliott Hance

+44 (0) 207 382 8300



Public Relations:

Square1 Consulting

David Bick/Mark Longson

 

 

+44 (0) 207 929 5599

 

 

 


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