Eurosite Power Inc (EUSP)

[Penny Stocks 2.0]

New business and strategic development

The Company extended its contract with Coca Cola HBC for a further year and is currently working with the client to develop a number of energy efficiency projects at its site in Northern Ireland. Once fully developed the Company expects to receive further orders to fund and implement these projects

A new On-Site Utility offer has been developed specifically for sites requiring solar PV solutions

The Company has bid a number of public tenders to deliver a range of technologies including combined heat and power, solar PV and heat pumps. As yet none of these bids have proven successful but many remain to be awarded. The Company continues to bid public tenders it identifies

Management is developing a new Green CHP offer designed to address the need for natural gas CHP to compete in a market increasingly driven by the electrification of heat and rumours of hydrogen replacing natural gas. This offer will be brought to market during the second quarter

Blue Grid Gas and Power S.A., owned by Cyprus based FCN Energy Logistics Limited in which the Company holds a minority interest , signed two new agreements for the delivery of Liquid Natural Gas ("LNG") to final customers during the first quarter of this year. The first is to supply 4,000 tonnes of LNG per annum over a 5-yesar period and is expected to start delivering revenue early in 2022. The second is a Joint Venture to develop LNG road-fuelling stations with ELINOIL, one of the leading independent fuels suppliers and traders in Greece. The new Joint Venture will be called BlueFuel