Zenergy Power plc: Induction Heater Order

LONDON--(BUSINESS WIRE)--Zenergy Power (LSE:ZEN), the superconductor energy technology company, today announced that it had, in conjunction with its industrial manufacturing and sales partner Bültmann GmbH, received a further order for a low-energy/high-productivity superconductor induction heater. Known as the Magnetic Billet Heater (‘MBH’), the high performance machine has been purchased by a major industrial producer of metal goods for the volume intensive heating of copper alloy billets.

Accordingly, the Group is pleased to note that its superconductor MBH has now been considered commercially favourable by four separate industrial metals producers over both conventional induction heater technology and gas powered heater technology. Equally satisfying is that following the completion of this latest sale, two of the Group’s units will have been purchased for heating copper billets and two will have been purchased for heating aluminium billets.

The MBH achieves its superior heating standards by employing Zenergy Power’s proprietary superconductor technology which delivers considerable improvements in heating quality and consistency, output flexibility, just-in-time production capability and overall commercial competitiveness. Further to these improvements in heating performance, the superconductor components also result in very low energy requirements and greatly increased productivity levels - yielding significant cost savings and margin improvements. Operating data received from Zenergy Power’s first customer, Weseralu GmbH, has already proven that using high-efficiency superconductor components reduces by half the amount of electricity typically consumed during the heating of metal billets, whilst at the same time increasing productivity levels by 25%.

Jens Mueller, CEO, commented:

'To secure this further order during these uncertain economic times is a fantastic endorsement of the economic benefits that our superconductor technology delivers to industry. We offer industrial customers a radical improvement to how they carry out their heating processes which consequently creates significant operational cost savings and the purchase of a fourth machine by another leading metals producer is evidence that the industry itself is acknowledging this.’

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About Zenergy Power

Zenergy Power is a superconductor energy technology company, quoted on the AIM market of the London Stock Exchange and comprising three operating subsidiaries located in Germany, USA and Australia. The Group's commercial focus is the innovation and manufacture of clean energy superconductor solutions.