Business
Update on PHE G3 UHt System
Update on PHE G3 UHt System.
About this update from Powerhouse Energy Group Plc
[{"type":"text","content":"\n \n30 March 2016\n\nPowerHouse Energy Group plc\n\n(“PowerHouse†or the “Companyâ€)\n\nUpdate on PHE G3 UHt System\n\nThe Company wishes to announce that there have been scheduling delays in finalising the testing program for its newly designed PHE G3 UHt system. Component testing was completed in a timely manner, however completion of full system functionality has not yet been achieved.\n\nA few, minor, technical issues have been identified and fully resolved through the testing program. However, scheduling of the final “stress testing†and the collection of system-wide engineering data, mass/energy balance, and complete system efficiency has yet to be demonstrated. Based upon the success of component testing to date, short-term testing of the overall system, and repeated cycling of the high-temperature unit, it is not expected that any substantive technical issues will arise during the final testing.\n\nInitiation of final testing of the system is expected during April. Completion of final testing will allow the Company to move to the next phase of data collection and analysis of multiple feed-stocks, including Auto Shredder Residue (ASR), and provide the Company with information necessary to successfully enter the market with the PHE G3-UHt design. The Company will update the market upon the completion of final testing.\n\nFor additional information please contact: \n\nPowerHouse Energy Group plcKeith Allaun +1 352 359 0911\n\nAllenby Capital Limited (Nominated Adviser and Joint Broker)Nick Harriss / David Hart / Liz Kir...