Verditek PLC Innovate UK Grant Award (4785L)
13 Septiembre 2021 - 1:00AM
UK Regulatory
TIDMVDTK
RNS Number : 4785L
Verditek PLC
13 September 2021
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 (MAR), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
13 September 2021
Verditek PLC
("Verditek" or the "Company")
Innovate UK Grant Award
Verditek plc (AIM:VDTK), the international green energy
technology company that develops, manufactures and sells advanced
ultra-lightweight solar panels, is delighted to announce that it
has been successful with its application for an Innovate UK
grant.
The grant is to part fund Verditek to develop in association
with local partners, a robust, ultra-lightweight portable micro
solar energy system - providing scalable, renewable power
(50W-1.5kW) to off-grid communities in Zimbabwe. In particular, the
focus is on creating efficient energy solutions for remote
communities in rural Africa that can be applied quickly and
economically, starting with the development project in
Zimbabwe.
The total project cost is just over GBP450,000 which will be
funded to the extent of 70 per cent by Innovate UK. Verditek
estimates indicate that 80 per cent of the work will be done by the
Company with the local partners performing the balance.
Rob Richards, Verditek CEO, commented: "we are delighted to have
been awarded this grant to apply our technology to a real-world
pressing issue. Addressing the need for sustainable, portable green
energy in developing nations is an important challenge today."
The project should commence on 1 October 2021 and last for
approximately 18 months.
For further information:
Verditek plc
Rob Richards, CEO Tel: +44 (0)20 7129 1110
Vicki Johnson, CFO
WH Ireland Limited - NOMAD and Broker
Chris Hardie Tel: +44 (0)20 7220 1666
Ben Good
About Verditek plc:
AIM listed Verditek plc is a holding company of a business
operating within the green technology sector. The Company is
focused on commercializing our lightweight low-profile solar panel
business. With manufacturing based in Lainate Italy, we have
developed renewable power solutions for our customers, that drive
solar energy into applications previously unachievable. The
exceptional properties of our solar panels replace diesel fuel in
business such as perishable goods transport, off-grid
telecommunication towers, electric vehicle charging stations,
residential and holiday home power solutions and solar roofing for
light-weight industrial roofing. In addition to our current PV
panels in production, we have partnered with an outstanding leader
in graphene technology, Paragraf. We are working together to
engineer the technology for commercialization.
Verditek provides compelling commercial solutions that help to
make our customer's businesses sustainable.
For more information please visit: https://verditek.com/
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END
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