Cinpart
Cinpart operates through a number of wholly owned subsidiaries that variously design, manufacture, source, and supply electrical and other components primarily to manufacturers of gas appliances. The company's manufacturing facility is located in Thailand and has customers throughout the world. Cinpart has a 72% interest in Active Energy Limited; a UK company which manufactures and sells power optimising transformers to customers throughout the UK and Europe.
Cinpart wins £900,000 Ministry of Justice contract to supply 55 VoltageMaster units
Cinpart (AIM: CINP) said Active Energy unit has been awarded a contract by the Ministry of Justice (MOJ) as part of a multi phased tender process. Under the £900,000 contract, Active Energy will provide 55 VoltageMaster units at 52 courts throughout England and Wales.
Active Energy is currently tendering for additional MoJ sites, which form part of the ministry's strategy to improve energy efficiencies.
"It is reassuring to see the MOJ placing such a priority on the importance of addressing energy efficiency”, Cinpart chief executive Kevin Baker said, “we are delighted to be able to provide the VoltageMaster product to assist the MOJ in reducing energy costs by up to 20 per cent per annum".
The contract will be delivered by 31 March 2010. The associated installations will be carried out by Scottish and Southern Energy PLC (LSE: SSE) subsidiary SEC, as set out in the newly established strategic partnership between Active Energy and the utilities major.
In January the respective companies signed a Memorandum Of Understanding, which makes the VoltageMaster the preferred voltage optimisation device for the commercial clients of SSE’s contracting unit. The MOU details the commercial terms for the marketing, sale and installation of Active Energy's VoltageMaster by SSE. Under the terms of the deal, SEC also became Active Energy's preferred installation sub-contractor.
SEC is one of the largest mechanical and electrical contractors in the UK, operating from 63 regional offices.
Register here to be notified of future Cinpart articles.
Other Cinpart news
-
30/07/10 Cinpart changes name to Active Energy Group from August 2
-
13/07/10 Cinpart's Active Energy lands new VoltageMaster orders
-
06/07/10 Edison Investment Research sees Cinpart’s drive into US enhanced by proposed assembly plant
-
05/07/10 Cinpart’s Active Energy to establish US assembly plant in Summit County, Ohio
-
02/07/10 Edison Investment Research sees significant opportunity for Cinpart
-
25/06/10 Cinpart eyes US push for voltage optimization product through local decison makers
-
13/05/10 Cinpart making good progress in developing Active Energy - Edison Investment Research
-
10/03/10 Cinpart names Professor Michael Hughes new non-executive director
-
05/03/10 Edison says Cinpart’s Active Energy subsidiary is making good progress, values share at 30p
-
24/02/10 Mirabaud says 'buy' Cinpart, classes stock as lower risk carbon-reduction play
