CINP Cinpart

 

TIDMCINP 
 
RNS Number : 2255O 
Cinpart PLC 
25 June 2010 
 
25 June 2010 
AIM:CINP 
 
                                  CINPART PLC 
                          ('Cinpart' or the 'Company') 
 
                          Memorandum of Understanding 
                                      with 
                          County Executives of America 
 
Cinpart plc (AIM:CINP), is delighted to announce that Active Energy Limited 
("Active Energy"), its subsidiary company, has signed a Memorandum of 
Understanding ("MoU") with County Executives of America ("County Executives"), 
which represents county leaders across 700 counties in the USA, acting on behalf 
of 48 per cent. of the US population. 
 
Significantly, the MoU sets out terms for County Executives to support the 
development of Active Energy's presence in the USA. This includes promoting 
Active Energy both at a senior level in Washington DC, from Congress up to the 
White House, and to county authorities nationwide. 
 
Active Energy provides voltage optimisation technology which can reduce the 
energy consumption and CO2 emissions of commercial buildings by up to 20 per 
cent., with average savings of 12 per cent. Under the terms of the MoU, County 
Executives will work with Active Energy in order to secure sales with county 
authority owned public facilities such as prisons, schools and hospitals which 
could benefit from the technology.  In addition, the MoU includes the 
facilitation of potential partnerships with specific utility companies. 
 
In order to support its expansion in the USA, the Company is also considering 
establishing a US based assembly facility. This would provide the necessary 
additional capacity to service demand in a cost effective location. Active 
Energy has already worked with County Executives to identify a suitable location 
and in accordance with the MoU, County Executives would offer further assistance 
in setting up a facility, in particular with accessing grants and financial 
incentives. 
 
Kevin Baker, Chief Executive of Cinpart, commented: 
 
"The MoU with County Executives of America represents significant progress in 
our ambition to establish Active Energy's technology in the USA. We have been 
working with the organisation to build awareness of our technology amongst both 
commercial and governmental bodies. With the support of County Executives, we 
now look forward to expanding on the initial interest generated in order to take 
advantage of the considerable opportunities available in the US." 
 
 Enquiries: 
 
+--------------------------------------+------------------------------+ 
| Cinpart Plc                          |                              | 
+--------------------------------------+------------------------------+ 
| Kevin Baker, Chief Executive         | Tel: 020 3176 3033           | 
| Christopher Foster, Executive        | Tel: 020 3176 3031           | 
| Director                             |                              | 
|                                      |                              | 
+--------------------------------------+------------------------------+ 
| Merchant John East Securities Ltd    |                              | 
| (Nominated Adviser)                  |                              | 
+--------------------------------------+------------------------------+ 
| John East/Simon Clements             | Tel: 020 7628 2200           | 
|                                      |                              | 
+--------------------------------------+------------------------------+ 
| Jendens Securities Ltd (Joint        |                              | 
| Broker)                              |                              | 
+--------------------------------------+------------------------------+ 
| Kim Richardson                       | Tel: 020 7266 2152           | 
|                                      |                              | 
+--------------------------------------+------------------------------+ 
| Rivington Street Corporate Finance   |                              | 
| Ltd (Joint Broker)                   |                              | 
+--------------------------------------+------------------------------+ 
| Peter Greensmith                     | Tel: 020 7562 3370           | 
|                                      |                              | 
+--------------------------------------+------------------------------+ 
| Biddicks (Financial PR)              |                              | 
+--------------------------------------+------------------------------+ 
| Sophie Lane/ Zoë Biddick             | Tel: 020 7448 1000           | 
+--------------------------------------+------------------------------+ 
 
About Cinpart 
 
Cinpart plc (AIM: CINP) is a holding company that owns 72.2 percent of Active 
Energy Limited. Active Energy manufactures and supplies the VoltageMaster, a 
device that can reduce electricity consumption in commercial buildings by up to 
20 percent. 
 
Other wholly owned subsidiaries in the Group include Derlite Co Limited; based 
in Thailand, this company is an international manufacturer of electrical and 
non-electrical components specializing in ignition systems for gas appliances 
and Gasignition Limited; a trading company supplying electrical components to 
small and medium-sized European gas appliance manufacturers. 
 
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. 
 
About County Executives of America 
 
County Executives of America (CEA) is a non-partisan national association that 
is dedicated specifically to helping elected county chief executives achieve 
their county's social and economic development goals through federal and state 
government advocacy at both the legislative and executive branches.  CEA has 
been in existence for over 40 years and its current membership includes over 700 
County Executives, County Judges, Parish and Borough Presidents, City-County 
Mayors, Commission Presidents and Chairs, all of whom are elected at-large by 
county residents. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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