i'm an avid watcher of tiptv,
never heard of this company until today, who thought i'd be investing in boilers rather than boiler rooms for once.
Good luck to us all and hopefully we can help the planet along the way
on tiptv, this is a massive opportubity for everyone to get in on the ground floor.The Iphone of heating system boilers is here and this will be enormous.. either they take it forward or someone like Valient will buy them either way its going up a lot
Inspirit (AIM: INSP) announces that it was informed that Nilesh Jagatia, the Company's Chief Financial Officer, had yesterday purchased 2,000,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") at an average price of 0.5p per share. This purchase takes Mr Jagatia's total holding to 2,000,000 Ordinary Shares, representing 0.29% of the Company's issued share capital.
I suppose that today's fall is attributable to Flow's momentum and our seeming stasis, yet we have to believe (do we not) that there are deals being made behind the scenes and that our product is every bit as good, if not better, than theirs ? Our 3KW version is not competing in the same marketplace as the Flow unit and there should be sufficient demand for that, alone, to command a better sp than we're showing at the moment.
We desperately need some news here. The kind of deal last mooted in the latest RNS will surely catapult the sp and I'm seeing today's drop in the sp as a golden buying opportunity. Maybe we'll see investors switching back and forth between Flow and Insp just as they have done, in the past, between BCN and REM ? The burgeoning interest in BCN suggests that such inter-play might be coming to an end as BCN finds ever-increasing levels of support around 70p. Maybe we'll find the same thing happening here in the fullness of time ?
Very good news with this RNS. Made me wonder if it's your namesake Worcester Bosch who are involved.
If Inspirits Technology is as good or better than existing heating technology, with volume production bringing down costs, Inspirits technology stands a chance of being the norm incorporated in to the majority of future heating production for little extra expense to the consumer.
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
... 2KW of electricity and, by the sound of it, be significantly cheaper than the 3KW output version. I use nowhere near 2KW of electricity so my return from the FiT could be very significant. It will be interesting to see the price of the domestic unit. If the expense, relative to returns from the FiT and savings (because of the energy efficiencies built into the unit), can be justified, I'll certainly be looking at buying one.
IMHO, depending solely upon price, the two models give Inspirit a great opportunity of mass-market appeal.
(" "Inspirit", "Inspirit Energy" or the "Company")
Product Announcement on Inspirit's mCHP Boiler-Generator
Inspirit Energy (LSE AIM: INSP) announces that it has committed to the development and production of a new 2 kilowatt ("kW") electrical output version of the Inspirit mCHP boiler-generator for the domestic market to complement the larger 3 kW electrical output version currently being built for the SME market. The significance of this decision is to significantly increase the market potential of Inspirit's product range by offering an appliance that is suitable for the larger domestic sector that can qualify for the current UK Government Feed in Tariff ("FiT").
The new smaller 2 kW electrical output version will be launched soon after the release of the 3kW electrical output version which is currently being assembled and prepared for advanced field trials at a number of UK Utility and SME sites.
The 3 kW output version is aimed at the SME market and it's main feature is the payback achieved by the use of the power in a commercial enterprise hence off-setting the purchase cost, whereas the 2 kW version, which will be Microgeneration Certification Scheme ("MCS") approved, will achieve similar payback potential at lower running hours and take full advantage of the current benefits under the existing FiT schemes.
The Company is currently establishing and looking to expand its third party production capabilities with local and international manufacturing companies and is now committed to the fulfilment of significant volumes over the next 5 years. To support this, the Company has commenced extensive marketing activities to reach potential domestic customers who would be attracted by the 2kW version and the potential short payback times achieved via the FiT.
John Gunn, the Company's CEO, commented:
"Through this commitment of developing and offering a further more versatile version of Inspirit's unique boiler-generator at such an early stage of the technology's commercialisation, Inspirit is demonstrating its intent to provide an attractive alternative to the 1 kWe appliances that the market place is currently being offered. Economically the benefits of two to three times the electrical output of competitor's products and the existing FiT allowances should offer more significant payback opportunities to customers with much higher electric output. The current independent forecasts for increased sales of mCHP products throughout Europe, particularly in the UK at the expense of heat only generating gas boilers over the next 10 years, indicate that with the right products on offer Inspirit will be well placed to take advantage of this increasing and significant market."
The Inspirit mCHP micro co-generation boiler:
Inspirit's new washing machine-sized mCHP boiler-generator is one of the industry's most powerful and energy efficient mCHP appliances for its size with simultaneous generation of up to 15 kW of thermal output and up to 3 kW of electrical output. This will now be joined by a 2 kW output MCS approved version to take advantage of a much bigger potential domestic market. The appliance's patented engine will take the waste heat from the boiler and convert it efficiently in to electricity; first supplying your own property and feeding surplus electricity into the National Grid.
Inspirit's Development Partners:
The Inspirit mCHP boiler-generator consists of 4 key systems, each of which has been designed with the help of engineering partners:
Adigo has been instrumental in advising on the remodelling of the original heaterhead and regenerator components of the Stirling Engine design (Inspirits proven prototype) for the final appliance.
GE Precision are a key partner in developing and manufacturing the internals of the Stirling Engine with FEA analysis of the Crankcase, Piston and Rhombic Drive Assembly that converts th
IMHO what are now being heralded as field trials are, in fact, customer trials - the tooling for the final design of the mCHP is already underway so it is unlikely that there is going to be any (if any) significant change to the model's design that goes into production. If the current customer trials are favourable, that will result in firm orders being placed by those testers and other customers will happily buy the unit with confidence once details of the savings, both in terms of energy consumed (relative to output) and carbon emissions, are published.
I expect the good news to be announced at the AGM will be that they are going into production with firm orders already having been received from the early testers. They may even give details of how the design of the unit has been improved upon, following those early trials, along with details of the savings achieved by the earlier model and projections for savings resulting from the improvements made to the final design.
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