28 Jun 2011 07:00
Press release | 28 June 2011 |
VPhase plc
("VPhase" or the "Company" or the "Group")
Procurement for Housing Framework Agreement
VPhase plc (AIM: VPhase), a leading developer of energy saving products for residential and commercial properties, is delighted to announce that following a competitive tender process, its subsidiary VPhase Smart Energy Limited has today entered into a framework agreement with Procurement for Housing ("PfH") for the supply of the VPhase VX1 product as part of the Photovoltaic, Solar Thermal and Voltage Optimisers Framework Agreement.
Procurement for Housing is the only national procurement consortium for the social housing sector. The consortium generates savings by harnessing the collective purchasing power of housing organisations allowing them to reinvest resources in front-line services as a result of this reduction in procurement costs.
The framework agreement provides the Company with access to over 700 members of PfH covering 3.2 million homes in the social housing sector across the UK, as the top accredited voltage optimisation technology. The agreement runs for four years from May 2011 to April 2015.
Rick Smith, CEO of VPhase, commented: "I am delighted to secure this framework as a key step in the Company's drive in the social housing arena, an area where VPhase is attracting significant interest.
"Out of the 15 companies providing the supply of photovoltaic, solar thermal and voltage optimisers, VPhase is ranked as the second most economically advantageous."
- Ends -
For further information:
VPhase plc | |
Rick Smith, Chief Executive Officer | +44 (0) 151 348 2100 |
www.vphase.co.uk |
Ambrian Partners Limited | +44 (0) 20 7634 4700 |
Andrew Craig / Ben Wright, NOMAD & Broker | www.ambrian.com |
Media enquiries
Abchurch Communications Limited | +44 (0) 20 7398 7712 |
Sarah Hollins / Joanne Shears / Ashleigh Lezard | |
ashleigh.lezard@abchurch-group.com | www.abchurch-group.com |
Notes to Editors:
VPhase plc provides a product that reduces the energy consumption of many domestic electrical appliances.
The VPhase device:
·; attaches to the consumer unit (fuse box) and regulates the voltage to 220 volts;
·; is low cost, with a payback of under 5 years;
·; easy to fit by a qualified electrician;
·; saves money from the moment of installation, with no need for behavioural changes;
·; enables many appliances to work more efficiently; and
·; reduces electricity usage and carbon emissions.
Independently verified tests by VPhase have demonstrated that the product can typically save around 10% of the electricity across a range of domestic products including fridges, freezers, central heating pumps, televisions and other items, even 'energy-saving' light bulbs. This should equate to savings for the typical homeowner of between £40 and £135 per annum.
In addition, there is evidence that the life of electrical appliances can be extended by the use of this product; light bulbs, in particular, have demonstrated at least two times longer life when on a circuit managed by the voltage optimisation product as compared to those without the product.
For more information, please visit: www.vphase.co.uk
About Procurement for Housing
As the only national procurement organisation dedicated to the needs of the social housing sector, PfH is an essential business tool for social landlords. The consortium generates substantial savings by harnessing the collective purchasing power of housing organisations. By reducing procurement costs, organisations can reinvest resources in front-line services and vibrant neighbourhoods. The National Housing Federation and the Chartered Institute of Housing back PfH, and their joint performance improvement subsidiary, HouseMark, monitors and assures the quality of its work.
For more information, please visit www.procurementforhousing.co.uk