3 July 2024
Eneraqua Technologies
plc
("Eneraqua", the "Company" or the "Group")
AGM
Statement
Eneraqua Technologies plc, a
specialist provider of energy and water efficiency solutions, will
hold its Annual General Meeting ('AGM') today at which Guy
Stenhouse, Chairman will make the following remarks:
"The Group has had a busy start to
the new financial year.
"In the UK our domestic energy
projects are performing as expected. The Group has also secured and
commenced work on several multi-year commercial energy framework
contracts. Under these contracts, the Group is the appointed energy
services partner for all public sector non-domestic building
upgrades in those areas for the period to 2028.
"Water continues to perform well
with an increasing number of water and nutrient neutrality projects
secured. These types of projects are essential in unlocking
development in the 74 local authority areas so far affected by
these issues in the UK.
"Following the election in India, we
are now progressing the next stage of projects to further
demonstrate the benefits of our technologies in municipal housing
applications. This is being done in partnership with the
relevant State Authorities and The Environmental and Resources
Institute (TERI).
"As is often the case on these
occasions the calling of a General Election
in the UK for 4th July has had the effect of slowing decisions by
certain customers as a result of the usual Government hiatus on
funding and decision making during the election period. This
will result in the deferral of some revenue into H2 FY25.
However, we continue to expect a high level of activity, supported
by a healthy balance sheet and a return to profit in H2 and for the
full year as planned.
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For
further information please contact:
Eneraqua Technologies plc
Mitesh Dhanak, Chief Executive
Officer
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Via Alma
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Panmure Liberum (Nomad and Joint
Broker)
Edward Mansfield
John More
Anake Singh
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Tel: 0203 100 2000
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Singer Capital Markets (Joint
Broker)
Sandy Fraser
Asha Chotai
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Tel: 020 7496 3000
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Alma Strategic Communications (Financial PR)
Justine James
Andy Bryant
Will Ellis Hancock
Emma Thompson
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Tel: 020 3405 0205
eneraqua@almastrategic.com
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Notes to
editors
Eneraqua Technologies (AIM:ETP) is a specialist
in energy and water efficiency. The Group operates in two markets,
energy and water. Energy is the larger, with the Company focused on
clients with end of life gas, oil or electric heating and hot water
systems. The Group provides turnkey retrofit district or communal
heating systems based either on high-efficiency gas or ground/air
source heat pump solutions that support Net Zero and
decarbonisation goals.
Water is a growing service offering focused on
water efficiency upgrades for utilities and commercial clients
including hotels and care homes.
The Group's activities are underpinned by the
Company's wholly-owned intellectual property, the Control Flow
HL2024 family of products which reduce water wastage and improve
the performance of heating and hot water systems.
The Group's main country of operation is the
United Kingdom. The Group's head office is based in London with
additional offices in Leeds, Washington (Sunderland), India, Spain
and the Netherlands. The Group has 206 employees, with the majority
employed within the UK.
To find out more, please visit:
www.eneraquatechnologies.com