CPO Compact Power

RNS Number:9838M
Compact Power Holdings PLC
30 November 2006


For Immediate Release                                          30 November 2006

                           Compact Power Holdings plc
                                 AGM Statement


Compact Power Holdings plc, the the AIM listed waste and biomass to energy
company, held its Annual General Meeting in Bristol today. All resolutions put
to shareholders were duly passed.


Following completion of the formal business of the meeting, the Chairman, Nic
Cooper, made the following statement:


"Trading at the existing Avonmouth plant continues to improve with unaudited
revenues for the six months to 30 September 2006 up 28 per cent on the same
period last year due to higher volumes and gate fees.


"The Board is delighted with recent new contract wins from QinetiQ Holdings plc
(announced on 23 November 2006) and from Italcementi, one of the world's largest
cement producers, announced this morning. The Board believes that these
contracts not only provide strong third party endorsement of the Compact Power
technology but also illustrate its scope for different applications. The
opportunities in the marine and cement sectors respectively have considerable
follow-on potential.


"Negotiations for the sale of a biomass plant referred to in an announcement on
13 November are continuing and should be completed shortly. This sale is
expected to meet the Company's short-term funding requirements. In order to
assist with the Company's cash requirements, the Chairman has made an unsecured
loan to the Company of #100,000. This loan will bear interest at two per cent
over the Bank of Scotland base rate.


"Negotiations for the financing of the new plant at Avonmouth are progressing
and should be completed early in the New Year.


"The Company expects to announce its interim results for the six months ended 30
September 2006 on 20th December 2006"

                                     -ends-

Enquiries:
Nic Cooper - Chairman Compact Power Holdings plc               +44 117 980 2900
Richard Hogg- Business Development Director Compact Power Ltd. +44 117 980 2900
Barrie Newton - Corporate Synergy                              +44 117 933 0011
Paul Vann/Ken Rees - Winningtons Financial Limited             +44 117 920 0092
                                                              Mob: 07802 466567




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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