Interim results for the six months ended 30 Jun...

About this update from Powerhouse Energy Group Plc

 21 September 2016 PowerHouse Energy Group plc(“PowerHouse” or the “Company”) Interim results for the six months ended 30 June 2016 Chairman’s Statement PowerHouse (AIM: PHE), the company focussed on ultra high gasification waste to energy systems, announces its unaudited interim results for the six months to 30 June 2016. H1 2016 Highlights Operational ·     Period focussed on G3-UHt Ultra High Gasification waste to energy system (“G3 System”) testing programme ·     Signed commercial cooperation agreement with PowerHouse Energy Americas ·     Settlement agreed with RenewMe ·     Clive Carver appointed as Non-Executive Director Financial ·     Hillgrove Investments Pty Limited convertible loan note increased by AUD 176,000 and facility repayment extended to at least 30 June 2017 ·     Equity fundraising of £575,000 to support completion of testing and commercial roll out Post-period Highlights Operational ·     The Company announced completion of its G3 testing programme and commencement of commercialisation phase ·     Key personnel hired to support the Company’s commercial roll-out ·     Early discussions with a number of potential clients have commenced Financial ·     Current cash balance is £450,000 For more information, contact: PowerHouse Energy Group plcKeith Allaun, Executive Chairman   Tel: +44 (0) 203 368 6399 WH Ireland Limited (Nominated Adviser)James Joyce / James Bavister Tel: +44 (0) 207 220 1666 Vicarage Capital LimitedJeremy Woodgate Tel: +44 (0) 203 651 2910 IFC AdvisoryTim Metcalfe / Graham Herring / Heather Armstrong / Miles Nolan Tel: +44 (0) 203 053 8671 About PowerHouse PowerHouse is the holding company of the G3-UHt System Ultra High Gasification waste to energy systems. The Company's technologies enable energy recovery from municipal waste streams that would otherwise be directed to landfills and incinerators; or from renewable and alternative fuels such as biomass, tyres, and plastics to create syngas for power generation, high-quality hydrogen, or potentially reformed into liquid fuels for transportation. These waste to energy systems  aim to provide the “best solution” to the on...

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