Eurosite Power Inc (EUSP)

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EUSP .13 - contract with Coca-Cola HBC

https://www.otcmarkets.com/stock/eusp/news/EuroSite-Power-wins-CHP-Management-Contract-with-Coca-Cola-HBC?id=243669

EuroSite Power wins CHP Management Contract with Coca-Cola HBC
Press Release | 10/18/2019


Contract to deliver CHP plant efficiency, reduced emissions and operational cost savings



EuroSite Power Inc. (OTCPK: EUSP, the "Company") an On-Site Utility solutions provider, offering clean electricity, heat, hot water and cooling solutions to healthcare, hospitality, housing, leisure centers and manufacturing in the United Kingdom (UK) and Europe, today announced that it has signed a Combined Heat and Power (CHP) Management Contract with Coca-Cola HBC Northern Ireland Limited, a subsidiary of Coca-Cola Hellenic Bottling Company, one of the largest bottlers of The Coca-Cola Companys products worldwide. The contract initially focuses on delivering improved CHP plant efficiency, reduced emissions of carbon dioxide and operational cost savings at its Knockmore Hill bottling plant in Lisburn, Northern Ireland.



Coca-Cola HBC was recently ranked as Europes most sustainable beverage company by the Dow Jones Sustainability Indices; its the sixth time in seven years it has led the European index. The accolade recognises Coca-Cola HBCs holistic sustainability achievements across the 28-country group. It also recently renewed its sustainability commitments, setting more ambitious targets for 2025 across six key areas including reducing emissions, which can be achieved via partnerships such as the one announced today. The commitments also cover water use and stewardship; packaging; ingredients sourcing; nutrition; and its people and communities.



In Northern Ireland and Ireland, Coca-Cola HBC has consistently delivered on the targets set. The business unit has reduced its energy usage by 18.76% since 2010, saving an estimated 32 million megajoules of energy. Furthermore, carbon emissions per litre of beverage produced have been cut by 43% since 2010.



Commenting on the contract award Chief Executive Officer, Dr Elias Samaras said This is a significant contract for EuroSite Power and we are delighted to be working with the industry leader in sustainability. Not only does this allow us to use our extensive CHP experience and operational expertise to deliver savings for a major blue-chip customer, but it also opens doors into the broader industrial and manufacturing sectors as well as countries beyond our current sphere of operation.



Annemarie McKinstry, Country Procurement Manager, Coca-Cola HBC Ireland and Northern Ireland said, Coca-Cola HBC is committed to growing responsibly and our local business is proud to have consistently achieved our sustainability targets while also delivering business efficiencies.



We are continuing to reduce our environmental footprint and have been working closely with suppliers across our three priorities: energy and climate protection, packaging and water stewardship. These collaborations are yielding industry-leading innovation, and we look forward to now partnering with EuroSite Power to achieve our future energy reduction goals.



About EuroSite Power

The Company provides institutional, commercial and small industrial facilities with clean, reliable power, cooling, heat and hot water at lower costs than charged by conventional energy suppliers without any capital or start-up costs to the energy user. More information can be found at www.eurositepower.co.uk.



FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Important factors could cause actual results to differ materially from those indicated by such forward-looking statements, as disclosed on the Companys website and in financial statements held by OTC markets for the fiscal year ended December 31, 2017. This press release does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party and is meant purely for informational purposes. The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.



Source: EuroSite Power Inc.



Investor Contact:
Dr Elias Samaras
EuroSite Power Inc.
[phone]
[e-mail]