Camco Clean Energy PLC Proposed change of name to RedT Energy plc (2461E)
03 11월 2015 - 4:00PM
UK Regulatory
TIDMCCE
RNS Number : 2461E
Camco Clean Energy PLC
03 November 2015
3rd November 2015
Camco Clean Energy plc
("Camco" or "the Company")
Proposed change of name to RedT Energy plc
Name change reflects Company's core focus on commercialising its
RedT energy storage product.
Camco Clean Energy (AIM: CCE), today announces its intention to
change its name to RedT Energy plc. The name change reflects the
Company's core focus to commercialise RedT's energy storage
product.
After an extensive period of research, development and
prototyping, RedT has recently delivered its first manufactured
production unit. This launches RedT into the commercialisation
phase of its business and accordingly is an appropriate time for a
change in the holding company name to reflect this focus.
The Company will continue to operate and develop its African
clean energy business activities under the name Camco Clean Energy,
independently as a subsidiary of RedT Energy.
The proposed change in name is subject to shareholder approval
at a General Meeting to be held at 11.00 a.m. on 24 November 2015
at Suite 4.12, Clerkenwell Workshops, 31 Clerkenwell Close, London
EC1R 0AT. Following the approval by shareholders of the change in
name, the Company also intends to change its EPIC/TIDM from "CCE"
to "RED".
Scott McGregor, CEO said: "RedT Energy, now in its
commercialisation phase, brings to the market a highly sought after
long duration and heavy duty stationary energy storage product. The
name change of the Company to RedT Energy communicates clearly our
product to energy storage customers and investors."
Enquiries
Camco Clean Energy +44 (0) 207
plc 121 6100
Scott McGregor, Chief
Executive Officer
Jonathan Marren, Chief
Financial Officer
+44 (0)207
finnCap Ltd 220 0500
Julian Blunt (Corporate
Finance)
Tony Quirke (Corporate
Broking)
+44 (0)207
Newgate 653 9850
Tim Thompson
Helena Bogle
Ed Treadwell
About Camco Clean Energy
Camco Clean Energy plc (AIM: CCE) is a clean energy development
company which combines technical and commercial expertise to
finance, develop, and operate renewable energy projects and storage
technology.
With 25 years of experience and an outstanding track record
throughout Asia, North America, Africa and Europe, Camco works with
local developers, governments, development banks, and private
investors to implement clean energy projects, policies, and
technologies and reduce emissions.
Over the past year, Camco has brought an advanced energy storage
technology to market (RedT energy), secured an investment advisory
fund mandate for African renewables, and has developed utility
scale biogas plants in the US.
* Camco Clean Energy plc, on a fully diluted basis, has an
economic interest of 97.1% in RedT.
About RedT energy
RedT has developed a new and proprietary energy storage
technology that enables the efficient and sustainable storage of
electrical energy in liquid form. The multi-valent properties of
the Vanadium Redox electrolyte are used to provide a storage medium
of virtually unlimited life with a system able to last more than
10,000 deep charge/discharge cycles. Combined with its very low
maintenance requirements, the RedT systems are able to deliver some
of the lowest Total Cost of Ownership (TCO) results in the
industry. Long discharge durations are achieved by the simple
addition of extra electrolyte capacity at a relatively low marginal
cost.
Up until now it has not been possible to directly compare
variable RE generation with firm diesel or fossil fuel generation.
PV + Storage is now reaching 'grid parity' in many countries, a
paradigm shift in energy production, which will ultimately enable
the complete displacement of conventional fossil fuel power with
renewable generation. The RedT system has applications in remote
power, smart grids, power quality, and all aspects of renewable
energy management.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
November 03, 2015 02:00 ET (07:00 GMT)
Camco Clean (LSE:CCE)
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부터 10월(10) 2024 으로 12월(12) 2024
Camco Clean (LSE:CCE)
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부터 12월(12) 2023 으로 12월(12) 2024
