CINP Cinpart

 

TIDMCINP 
 
RNS Number : 4230Y 
Cinpart PLC 
02 September 2009 
 

2 September 2009 
 
 
 
 
CINPART PLC 
('Cinpart' or the 'Company') 
 
 
 Acceptance of Tender 
 
 
Cinpart (AIM:CINP), the electrical products manufacturer and supplier, is 
pleased to announce that its subsidiary Active Energy Limited ('Active Energy') 
has submitted a tender to supply its Voltage Reduction and/or Optimisation 
Technology under a Framework Agreement to members of the Eastern Shires 
Purchasing Organisation ('ESPO'). Active Energy has now received formal 
notification that its tender has been accepted. 
 
 
The period of contract is from 1 September 2009 until 31 August 2011, with the 
possibility of renewal for a further two years. 
 
 
As a Framework Agreement, ESPO or its members have no contractual commitment to 
purchase; however the estimated value of this contract, as advised to Active 
Energy by ESPO is GBP15 million. 
ESPO is a local authority purchasing consortium operating throughout the 
Midlands and East of England and is a member of the Pro5 group of professional 
buying organisations which includes the Central Buying Consortium, West Mercia 
Supplies, the North East Purchasing Organisation and the Yorkshire Purchasing 
Organisation. Together these local authority buying consortia represent a 
substantial number of local authorities and have a combined purchasing power in 
excess of GBP2 billion per annum. 
For key areas, including this contract, buyers in all five local authority 
professional buying organisations work together for the purposes of procurement. 
The Framework Agreement will also be open to the entire public sector and other 
public bodies, such as the Police, Fire and Rescue Service and registered 
charities within the UK and to those central government departments and their 
agencies that wish to use it. ESPO believes that demand for the technology will 
be high, particularly when recognising the need for public bodies to comply with 
national targets for reduction in carbon emissions. 
This contract reinforces Active Energy's reputation and potential, and also 
represents a significant step in establishing it as a provider to the public 
sector. Active Energy's sales leads with other local authorities, central 
government and blue chip companies for the further supply and installation of 
the VoltageMaster remain strong. 
Kevin Baker, Cinpart's chief executive officer, commented: 
"I am delighted that Active Energy has secured its first tender with a local 
authority purchasing organisation. We are confident that the accepted tender 
from the Eastern Shires Purchasing Organisation for this Framework Agreement is 
the first of many anticipated signings with local authorities, as they seek to 
comply with the Carbon Reduction Commitment. In addition, we are actively 
engaged in discussions with large retailers and users of sizeable commercial and 
industrial premises and are fast establishing ourselves as an energy efficient, 
carbon emission-reducing and cost savings solutions provider." 
 
 
-ENDS- 
 
 
Enquiries: 
 
 
+----------------------------------+---------------------------------------+ 
| Cinpart Plc                      |                                       | 
+----------------------------------+---------------------------------------+ 
| Kevin Baker, Chief Executive     |                   Tel: 020 3176 3033  | 
| Christopher Foster, Executive    |                    Tel: 020 3176 3031 | 
| Director                         |                                       | 
+----------------------------------+---------------------------------------+ 
|                                  |                                       | 
+----------------------------------+---------------------------------------+ 
| John East & Partners Limited, a  |                    Tel: 020 7628 2200 | 
| subsidiary of Merchant           |                                       | 
| Securities Plc (Nominated        |                                       | 
| Adviser)                         |                                       | 
+----------------------------------+---------------------------------------+ 
| John East/Simon Clements         |                                       | 
|                                  |                                       | 
+----------------------------------+---------------------------------------+ 
| Rivington Street Corporate       |                    Tel: 020 7562 3389 | 
| Finance Limited (Joint Broker)   |                                       | 
+----------------------------------+---------------------------------------+ 
| Monisha Varadan                  |                                       | 
|                                  |                                       | 
+----------------------------------+---------------------------------------+ 
| Mirabaud Securities LLP          |                    Tel: 020 7878 3360 | 
| (Joint Broker)                   |                                       | 
+----------------------------------+---------------------------------------+ 
| Rory Scott                       |                                       | 
|                                  |                                       | 
+----------------------------------+---------------------------------------+ 
| Hansard Group (Public Relations) |                    Tel: 020 7245 1100 | 
|                                  |                                       | 
+----------------------------------+---------------------------------------+ 
| Vikki Krause / Kirsty Corcoran   |                                       | 
+----------------------------------+---------------------------------------+ 
 
 
About Cinpart: 
 
 
Cinpart plc (AIM:CINP) is a designer, manufacturer and supplier of electrical 
components. The Group owns a manufacturing facility in Thailand and operates 
through its wholly owned subsidiaries Gasignition Limited; a supplier of 
electrical components to small and medium-sized European gas appliance 
manufacturers, Derlite Co Limited; an international manufacturer of electrical 
and non-electrical components, and Active Energy Limited, the 72.23 percent 
owned manufacturer and supplier of the VoltageMaster, a device that can reduce 
electricity consumption in commercial buildings by up to 20 percent. 
 
 
About Active Energy: 
 
 
Active Energy owns the rights, intangible assets and intellectual property of 
VoltageMaster, a range of voltage optimisation equipment for commercial 
buildings that reduces voltage, and consequently energy consumed, by up to 20 
percent. The VoltageMaster, a sophisticated, easy to install device that is 
adaptable to complement existing infrastructures, optimises the voltage used in 
a building by adjusting the electricity voltage supplied to the whole building. 
In addition, the reduced energy consumption produced by the VoltageMaster 
provides reduced carbon emissions. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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