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news release:
German Government R & D Grant for Zenergy 2G HTS
Wire
London, UK, 2 July 2007: Zenergy
Power plc (AIM:ZEN.L), the
specialist manufacturer and developer of commercial applications for
high-temperature superconductive (`HTS') materials, is pleased to announce that
the German Ministry of Economics and Technology has notified the Group's wholly
owned subsidiary Trithor GmbH, that it has been awarded a Euro825,000
development grant.
The grant will be used to fund the collaborative project named 'ELSA' with a
total volume of Euro1,700,000 for the advancement of technical and theoretical
development methodologies and for strengthening the Group's patent portfolio in
the field of `all chemical deposition' processes for the production of 2nd
generation (`2G') HTS wires.
With regard to the massive growth of renewable power generation, Zenergy is
committed to the development of its own proprietary lower-cost production
techniques for 2G HTS wires which it believes to be advantageous over
alternative methods currently being developed by other industry participants.
Having developed this low cost production technique, it is the intention of the
Group to derive value from its 2G technology within other core fields such as
industrial applications, power distribution, power transmission and within the
medical sector.
Working with GTT Technologies GmbH, Zenergy will develop a set of automated,
advanced computational development tools that will enable the accelerated and
systematic research of new layer materials for the advancement of its current 2G
wire development. RWTH Aachen Institute for Materials in Electrical Engineering,
Research Center Jülich and University of Tübingen Institute for Applied Physics
will support Trithor GmbH in the transfer of the theoretical predictions to
industrial products.
The issue of this grant to Zenergy´s subsidiary Trithor GmbH by the German
Ministry is viewed as a significant endorsement of the Group's commitment to the
development of an `all chemical deposition' technique for the mass production of
2G wire which benefits the whole power industry.
Dr. Jens Müller, CEO, commented:
`The successful development of our 2G processes will place us at the forefront
of delivering the most cost effective 2G HTS wire to the multi-billion Euro
market for renewable power generation.'
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