20 May 2009 13:19
| Press Release | 20 May 2009 |
VPhase plc
('VPhase' or 'the Company')
Result of General Meeting
VPhase plc (VPHA.L), a leading developer of energy saving products for residential and commercial properties, announces that all resolutions other than resolution 6 put to shareholders at the Company's General Meeting held today were duly passed. Resolution 6, on limiting the Auditor's liability, was withdrawn prior to the meeting.
The Company also wishes to announce that, following a change in the corporate structure of Zimmerman Adams International Limited, the name of the Company's nominated adviser is now ZAI Corporate Finance Ltd.
- Ends -
For further information:
| VPhase plc | |
| Adrian Hutchings, Executive Chairman | Tel: +44 (0) 151 348 2100 |
| Dr Lee Juby, Chief Executive Officer | +44 (0) 151 348 2139 |
| Richard Smith, Chief Financial Officer | +44 (0) 151 348 2116 |
| www.vphase.com |
| Novum Securities Limited | +44 (0) 20 7562 4700 |
| Henry Turcan | +44 (0) 20 7562 4713 |
| www.novumsecurities.com |
| ZAI Corporate Finance Ltd. | +44 (0) 207 060 1760 |
| Thilo Hoffman | |
| Charity Walmsley | www.zimmint.com |
Media enquiries
| Abchurch Communications Limited | +44 (0) 20 7398 7700 |
| Justin Heath | +44 (0) 20 7398 7781 |
| Monique Tsang | +44 (0) 20 7398 7712 |
| monique.tsang@abchurch-group.com | www.abchurch-group.com |
About VPhase plc
VPhase plc is a developer of a voltage control product that reduces the energy consumption of many domestic electrical appliances.
The Company has developed a product designed to be attached to the consumer unit (fuse box) in order to control the incoming voltage for selected circuits to a target set point of 220 volts. This is slightly higher than the minimum design point for electrical items in Europe, thereby ensuring that electrical appliances in the home operate closer to the voltage condition for which they were designed.
Tests by VPhase have demonstrated that the product can save on average 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 £50 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 control product as compared to those without the voltage control product.
VPhase is a subsidiary of Energetix Group plc and was admitted to AIM in September 2007. It is based near Chester, NW England.