21 Sep 2011 07:00
Press release | 21 September 2011 |
VPhase plc
("VPhase" or the "Company" or the "Group")
VPhase wins order with British Gas
VPhase plc, (AIM:VPHA), a leading developer of energy saving products for residential and commercial properties, is pleased to announce that it has won an order with British Gas, Britain's leading gas and electricity supplier, to provide 980 units of its VPhase voltage optimisation product to British Gas customers. The order is between the Company's subsidiary VPhase Smart Energy Limited and British Gas.
Rick Smith, CEO of VPhase, commented: "The Board is delighted that such a high profile organisation as British Gas has recognised the compelling savings that VPhase offers, enabling the householder to save up to 12% p.a. on their electricity bills with no change in lifestyle.
"This order is another step forward in the continued roll out of VPhase. As energy prices continue to rise, VPhase is committed to promoting energy efficiency, and we are delighted to be a part of the British Gas initiatives in this space."
- Ends -
For further information:
VPhase plc | |
Rick Smith, Chief Executive Officer | +44 (0) 151 348 2100 |
www.vphase.co.uk |
Panmure Gordon | +44 (0) 20 7459 3600 |
Hugh Morgan / Abhishek Majumdar Corporate Finance | www.panmure.com |
Adam Pollock Corporate Broking |
Media enquiries
Abchurch Communications Limited | +44 (0) 20 7398 7710 |
Sarah Hollins / Joanne Shears / Quincy Allan | |
quincy.allan@abchurch-group.com | www.abchurch-group.com |
Notes to Editors:
About VPhase
VPhase plc is an energy efficiency technology company that launched the first domestic voltage optimisation device in the UK. The VPhase VX1 lowers the voltage in the home, reducing the energy consumption of many electrical appliances, saving money and reducing carbon emissions.
The VPhase device:
- has been proven to save up to 12% off home electricity bills;
- is easily installed by a qualified electrician;
- does not require a change in lifestyle or electricity supplier;
- is low cost, with a typical payback of under 5 years;
- has a 5 year manufacturer's warranty and an expected lifespan in excess of 25 years;
- can save up to 4.5 tonnes of CO2 over its 25+ year life;
- attaches to the consumer unit (fuse box) and regulates the voltage to 220 volts;
- is the next most affordable and effective green option for the home, after insulation.
The VPhase VX1 has been extensively tested with independent verification supporting the saving claims, including an Ofgem approved CERT demonstration action, social housing trials and a range of independent consumer trials. Many electrical appliances in the home will benefit from having their voltage optimised and reduced, including fridges, freezers, central heating pumps, televisions, washing machines, vacuum cleaners, etc. - and even 'energy-saving' light bulbs. As well as potentially saving up to £135 per annum, 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 a doubling of operating life when on a voltage optimised circuit.
Web: www.vphase.co.uk
Facebook: http://on.fb.me/cUBnek
Twitter: www.twitter.com/vphase
LinkedIn: http://linkd.in/qqbyYS
YouTube: www.youtube.com/vphase
About British Gas & British Gas Community Energy
·; British Gas, the biggest energy supplier in the country, is part of the Centrica group of companies. For more information go to: http://www.britishgas.co.uk/
·; British Gas Community Energy works closely with local authorities and housing associations to help reduce carbon emissions and improve the fuel efficiency of social housing and public buildings
·; British Gas employs 28,000 employees across the UK.