Launch of Flow and CME update Source: RNS RNS Number : 5060T Energetix Group plc 14 December 2012
Energetix Group plc
Launch of new consumer brand Flow & Controlled Market Entry phase update
Energetix Group plc, (AIM: EGX), the developer and provider of energy efficient products and retail energy services,. announces that it has launched its energy services business under the brand "Flow" (previously Kingston Energy & Genlec).
The newly launched website (www.freeflow.uk.com) allows customers to register their interest in the Flow Boiler and to sign-up to buy electricity and gas from Flow Energy, as well as explaining free boiler model and how a Flow boiler pays for itself.
The Flow boiler is being launched initially in the North West of England in the second half of 2013 and will then be rolled out to the rest of the country.
Controlled Market Entry phase update
Further to the announcement on 29 October 2012 of the successful start to a Controlled Market Entry ("CME") phase, Energetix announces that the CME is proceeding as expected. The billing processes, IT systems and customer services have proved to be robust in an operational environment and therefore the Group continues to expect the energy business to go live under the Flow brand after the CME concludes.
As part of the CME phase there will be approximately 10-20 Flow boilers installed to test and refine the installation process. A small number of boilers have already been successfully installed and these will be trialled over the winter period.
Tony Stiff, Managing Director of Flow Energy, said, "We are delighted that the Controlled Market Entry phase is proceeding as expected and the installation of our first microCHP boilers before Christmas is an important step forward. With the launch of the Flow brand we now have a strong customer facing brand to drive our commercial success."
For further information please contact:
Energetix Group plc www.energetixgroup.com
Peter Richardson, Chief Executive Officer Tel: +44 (0)151 348 2100
Tony Stiff, Managing Director of Flow Energy Tel: +44 (0)20 3137 4466
CFU Price at posting:
5.6¢ Sentiment: LT Buy Disclosure: Held
