21/12/2012
VPhase plc, (AIM:VPHA), a leading developer of energy saving products for residential and commercial properties, is pleased to announce that the Group has signed an agreement with British Gas Trading Limited (“British Gas”), the nation’s leading gas and electricity supplier and part of Centrica plc, to provide its VPhase voltage optimisation product to British Gas customers.
The contract is for the supply of VPhase’s low cost energy saving product, and will run from the date of this announcement to 31 December 2014.
Rick Smith, CEO of VPhase commented: “The Board is delighted that a high profile organisation such as British Gas has recognised the compelling savings that VPhase offers, enabling the householder to save up to 12% p.a. on their electricity bills, with no change in lifestyle.
“We announced our first order of British Gas in September 2011 and this formal agreement gives the Group access to a large number of households throughout the country and we look forward to working alongside British Gas. As energy prices continue to rise, VPhase is committed to promoting energy efficiency, and we are delighted to be a part of the British Gas initiatives in this space.”