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Market: AIM
Sector: Electrical Components & Equipment
EPIC: AEG
Latest Price: 2.88  (0,00%)
52-week High: 6.63
52-week Low: 2.00
Market Cap: 6.80M
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Active Energy
www.active-energy.com/index.html

Active Energy manufactures, markets, distributes and installs the voltage optimising product known as the VoltageMaster. The company is committed to developing its UK manufacturing base in order to supply the UK and European markets.

Full Active Energy profile here
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Cinpart wins £900,000 Ministry of Justice contract to supply 55 VoltageMaster units

9th Feb 2010, 3:43 pm

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.

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