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Market: AIM
Sector: Electronic & Electrical Equipment
EPIC: AEG
Latest Price: 2.88p  (0,00%)
52-week High: 7.38p
52-week Low: 2.00p
Market Cap: 6.81M
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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 names Professor Michael Hughes new non-executive director

10th Mar 2010, 7:57 am Cinpart names Professor Michael Hughes new non-executive director

Cinpart PLC (AIM: CINP) said it appointed Professor Michael Hughes to the board as a non-executive director with immediate effect.

From 1993 to 1999, Hughes was the chief executive of Midland Electricity PLC, an electricity company with an annual turnover of in excess of £1 billion, which, until June 1996 when it was taken over by GPU and Cinergy was quoted on the Official List of the London Stock Exchange.

He continued in his role following the acquisition and in 1999 was appointed to the post of executive vice president of the GPU International Operations Group, which included operations in Australia, Argentina and the USA.

Hughes retired in 2002 after he had overseen the flotation or sale of a number of these operations, which included the sale of Midlands Electricity to Utilicorp United Inc in 2002.  Since his retirement, he has held various non-executive positions, including the role of chairman at EA Technology Ltd and Cyan Holdings PLC. He is also a non-executive director of South Staffordshire PLC and Oxford Instruments PLC (LSE: OXIG), and the president of the UK Electricity Association.

Cinpart CEO Kevin Baker commented: "We are delighted that Mike is joining our board.  His experience and knowledge within the electricity industry will be of great benefit to Cinpart as the company continues to expand its recently established Active Energy business."

Cinpart is a holding company that owns 72.2 percent of Active Energy Ltd, which manufactures and supplies the VoltageMaster, a device that can reduce electricity consumption in commercial buildings by up to 20 percent.

Active Energy has a memorandum of understanding in place with Scottish and Southern Energy (LSE: SSE), making the VoltageMaster the preferred voltage optimisation device for the commercial clients of SSE’s contracting unit.

Other wholly owned subsidiaries in the group include Thailand-based Derlite Co Ltd, an international manufacturer of electrical and non-electrical components specializing in ignition systems for gas appliances and Gasignition Ltd, a trading company supplying electrical components to small and medium-sized European gas appliance manufacturers.

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