Business
Memorandum of Understanding w
Memorandum of Understanding w.
About this update from Active Energy Group Plc
[{"type":"text","content":"\n RNS Number : 4337G Cinpart PLC 01 February 2010 \n \n\n1 February 2010\nCINPART PLC\n('Cinpart' or the 'Company')\nMemorandum of Understanding with Southern Electric Contracting\nCinpart plc (AIM:CINP), is pleased to announce that Active Energy Limited (\"Active Energy\"), its subsidiary company, has signed a Memorandum of Understanding (\"MoU\") with Southern Electric Contracting Limited (\"SEC\") a wholly owned subsidiary of Scottish and Southern Energy plc (LSE:SSE). The MOU includes, amongst other things, the commercial terms relating to the marketing, sale and installation by SEC of Active Energy's VoltageMaster product as the preferred voltage optimisation device for its commercial clients.\nSouthern Electric Contracting is one of the largest mechanical and electrical contractors in the United Kingdom operating from 63 regional offices and employing approximately 4,000 experienced engineers and electricians nationwide. The MOU also provides that SEC will become Active Energy's preferred installation sub contractor.\n The VoltageMaster reduces energy consumption, providing cost and associated carbon emission reductions of, on average, 13 per cent per annum \nChristopher Foster, Director of Cinpart, commented:\"We are delighted that Active Energy has signed the MoU with SEC as it will provide a significantly enhanced sales network, helping Active Energy to reach its target market. VoltageMaster assists businesses in meeting the targets laid down by the Government concerning better energy management and reduction of emissions whilst also reducing their energy bills. We look forward to working with the SEC team in order to help them deliver part of their green energy agenda.\"\n-ENDS-\n \nEnquiries:\n \n\n\n\n\nCinpart Plc\n\n\n\n\n\n\n\nKevin Baker, Chief Executive\nChristopher Foster, Executive Director\n \n\n\nTel: 020 3176 3033 \nTel: 020 3176 3031\n \n\n\n\n\nMerchant John East Securities Limited (Nominated Adviser)\n\n\n\n\nJohn East/Simon Clements\n\n\nTel: 020 7628 2200\n \n\n\n\n\nMirabaud Securities LLP (Joint Broker)\n\n\n\n\nRory Scott\n \n\n\nTel: 020 7878 3360\n\n\n\n\nRivington Street Corporate Finance Limited (Joint Broker)\n\n\n\n\nDru Edmonstone\n\n\nTel: 020 7562 3389\n \n\n\n\n\nHansard Group (Public Relations) \n\n\n\n\n\n\n\nKirsty Cor...