LCA Low Carbon Acc.

TIDMLCA

RNS Number : 3125J

Low Carbon Accelerator Limited

29 June 2011

29 June 2011

Investment Update: Vykson Limited

Low Carbon Accelerator Limited ("LCA" or "the Company") announces that it has made a further equity investment of GBP200,000 in Vykson Limited ("Vykson") as part of a total funding round of GBP250,000 alongside an existing co-investor, QUBIS Ltd. LCA has now invested a total of GBP650,000 into Vykson and holds an equity stake of 31% on a fully diluted basis, assuming full vesting and exercise of share options under the management incentive scheme.

Vykson's unique gas turbine engine enables the generation of renewable power from low quality gas, such as that given off at landfill sites, where the alternative is to flare at an economic and environmental cost. Vykson's demonstration engine continues to operate and generate power at a UK landfill site of a major UK waste company. The additional funding will be used for the final stages of development and testing of the demonstration engine as Vykson drives towards the first stages of commercialisation of its product.

Enquiries:

 
Low Carbon Investors      Steve Mahon, CIO           Tel: +44 (0)20 7631 2630 
Limited                    Andrew Affleck, Chairman 
 
Grant Thornton Corporate  Philip Secrett,            Tel: +44 (0) 20 7383 5100 
Finance                    Colin Aaronson 
RedleafPolhill            Alicia Jennings            Tel: +44 (0) 20 7566 6741 
 

About Low Carbon Accelerator: www.lowcarbon.gg

Low Carbon Accelerator Limited is a closed ended investment company created to invest in a portfolio of fast-growing low carbon businesses. The Company listed on the AIM Market of the London Stock Exchange on 11 October 2006, raising GBP44.5 million. On 26 June 2009, the Company announced that it had raised a further GBP10 million, net of expenses, following the successful placing of a further 41.6 million shares.

The Company's investment objective is to provide shareholders with an attractive return on their investment primarily through significant minority (predominately 25% and above) holdings in a diverse portfolio of unquoted private companies providing low carbon products and services.

The Company invests principally in companies which provide low carbon products and services across the following sectors:

-- Energy efficiency (reductions in energy inputs at source, improved conversion and reductions at point of use)

-- Energy generation (sustainable and clean energy, micro and distributed generation)

The Company's investment strategy is to target trading businesses with patentable technologies and products with a clear commercial application and the opportunity to gain a large market share of a new or expanding market. The Company focuses on businesses with experienced management teams who have developed commercially viable products providing easily adoptable solutions which deliver immediate reductions in carbon dioxide emissions.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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