Zenergy Power Has Experienced Delays In Orders, Sees Improvement

9th Jul 2010 11:34

LONDON (Dow Jones)--Zenergy Power PLC (ZEN.LN), a superconductor energy technology company, said Friday it has experienced delays in orders, but the board expects an improvement in order intake as a consequence of the installation of the next two Magnetic Billet Heater units. MAIN FACTS: -These units are scheduled to be delivered in August and November respectively including one unit to the Sapa Group, the World's largest aluminium extruder. -The company believes that user experience with these two machines will act as a catalyst for further orders. -The medium-voltage Fault Current Limiter for CE Electric's U.K. grid is under manufacture and delivery is expected in December. -The hydropower generator for E.On AG is expected to be installed in November, following supply of the superconducting components from Zenergy Power on schedule in 2009. -The 2G wire development program continues to make good progress. -Shares at 1035 GMT down 4 pence, or 6.3%, at 60 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; [email protected] (END) Dow Jones Newswires July 09, 2010 06:34 ET (10:34 GMT)