RCS - Libertine Holdings - Strategic Partnership Agreement with LHP

Libertine HoldingsAnnouncement

25/03/2024 07:00

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RNS Number : 0584I  Libertine Holdings PLC  25 March 2024

25 March 2024

Reach

Libertine Holdings PLC

("Libertine" the "Company" or the "Group")

Libertine announces Strategic Partnership Agreement with LHP Engineering
Solutions LLC

Libertine Holdings PLC (LSE AIM: LIB), a developer of Linear Generator
technology, has entered into a Strategic Partnership Agreement with LHP
Engineering Solutions LLC (LHP), a provider of turnkey embedded control
systems and software development solutions for global automotive and
industrial OEMs.

The purpose of the Strategic Partnership Agreement is to enable both companies
to collaborate on business development, technical development and pilot
programme formation activities with a view to creating prototype demonstration
units for engine and power generator OEMs. The agreement sets out the
understanding and intentions of Libertine and LHP in connection with the
development and commercialisation of containerised hybrid power systems
combining linear generator and battery technology and so complements
Libertine's strategic partnership agreement with BASEBATT as previously
announced on 12th March 2024.

The nature of the Strategic Partnership Agreement is largely non-binding and
any revenue generating activities would be subject to further agreement in the
form of a binding Joint Development Agreement or Contractual Framework
Agreement and Statements of Work.

Libertine and LHP have entered into the Strategic Partnership Agreement in
response to a trio of new enquiries from a leading US containerised power
generator company, a waste-to-energy technology company and a global data
centre energy services company.

 

LHP and Libertine aim to leverage LHP's Product Readiness Level Process,
software engineering development and system integration capabilities, EV
testing facilities and wider R&D network to accelerate and de-risk OEM new
product development programmes using Libertine's intelliGENTM and HEXAGENTM
technology platforms.

Linear Generators combine the efficiency of fuel cells with the durability and
power density of conventional generators to produce clean, dispatchable power
from renewable fuels. Libertine's intelliGENTM and HEXAGENTM platforms form
the basis of a battery-like Linear Generator product architecture that
combines individual Linear Power System 'cells' into modules and packs.

LHP Engineering Solutions offer turnkey systems and software development
solutions for global OEMs and their suppliers within the automotive,
aerospace, medical device, and rail industries. LHP provides expertise in
embedded controllers and software development and is a global leader in
Functional Safety ISO 26262 consulting & implementation.

The growing global demand for data centres and electric vehicle recharging,
coupled with the wider macro trend towards electrification of energy services
is constrained by grid infrastructure and complicated by the intermittency of
renewables. Today's solutions often rely on conventional packaged generators
for dispatchable power generation. Linear Generator products could provide a
more efficient, more cost-effective fossil free solution for dispatchable
power generation.

Sam Cockerill, Chief Executive of Libertine, said: "LHP has exceptional
capabilities for embedded control hardware and software development, system
integration and testing that we anticipate could advance the readiness of
Libertine's Linear Power Systems within OEM product development programmes.

"Linear Generator products using Libertine's intelliGEN(TM) and HEXAGEN(TM)
technology platforms could provide dispatchable power alongside intermittent
renewables to help balance power supply and demand behind the meter, in
micro-grids and throughout the grid as demand for electrical power grows.

"LHP's long-standing customer relationships with global OEMs, their EV testing
centre and testing solutions make this partnership the logical next step for
Libertine's technical and business development activities as we seek to win
new business with OEMs in the US and globally."

Dave Glass, Chief Executive of LHP, said: "For over two decades LHP has worked
with some of the world's best known engine and vehicle OEMs on embedded
controller system integration and functional safety implementations. Our
customers are seeking new solutions for clean power generation, especially for
high growth applications like powering data centres and vehicle recharging
stations.

 

"Libertine's intelliGEN and HEXAGEN platforms could provide a basis for Linear
Generator products serving these applications, and we are delighted to be
working with Libertine as we seek to bring these generator products into OEM
new product introduction programmes."

 

 

For more information, please visit www.libertine.co.uk
(http://www.libertine.co.uk) or contact:

 Libertine Holdings PLC                               via Tavistock
 Sam Cockerill, Chief Executive Officer
 Gareth Hague, Chief Financial Officer

 Tavistock (Public Relations and Investor Relations)  +44 207 920 3150
 Rebecca Hislaire                                     libertine (mailto:libertine@tavistock.co.uk) @tavistock.co.uk
                                                      (mailto:libertine@tavistock.co.uk)
 Saskia Sizen

 

 

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About Libertine

Founded in 2009, Libertine provides technology platform solutions for Original
Equipment Manufacturers ("OEMs"), enabling efficient and clean power
generation from renewable fuels, and more effective energy storage devices and
gas compressor systems. Libertine was admitted to trading on the AIM market of
the London Stock Exchange in December 2021.

Libertine has created two technology platforms, each using the same core
technology elements, which the Company provides to its OEM customers for their
development of Linear Generator and Linear Motor products:

-       The intelliGEN™ platform enables the creation of clean, highly
efficient and fuel-flexible Linear Generator products including:

•      Heavy-duty hybrid powertrains of trucks, buses, tractors,
construction and mining equipment;

•      Medium and light-duty hybrid powertrains of commercial vehicles
operating over longer distances;

•      A proportion of the passenger automotive market where vehicle
use and recharging constraints are a barrier to battery electrification; and

•      A wide range of off-grid, portable power and distributed power
generation applications.

 

-       The HEXAGEN™ platform enables more effective energy storage,
thermal power generation, waste heat recovery and gas compression products
including:

•      Stirling Engine power generators and thermal energy storage
systems;

•      Linear motor reciprocating compressor (LMRC) systems for
hydrogen refuelling stations; and

•      Organic Rankine Cycle waste heat recovery systems.

 

These two platforms are a result of over a decade of development and
performance validation of Libertine's proprietary core technology elements
including its linear electrical machines, controls and developer tools.

The potential market for Linear Generator products goes well beyond the
distributed power generation applications where Linear Generators are already
in commercial use today, complementing intermittent renewable power with
clean, on-demand power generation. Linear Generators also have the potential
to complement battery electrification in hybrid powertrains, providing
on-board power generation to address the practical and economic barriers to
rapid adoption of clean electric propulsion using battery electric powertrain
technology alone.

Working with OEMs from an early stage in the development cycle ensures
Libertine's technology is effectively integrated into OEM products, maximising
the performance and economic benefits provided by Libertine's platform
technology. Libertine has developed a portfolio of over 30 granted patents in
addition to a significant body of technical know-how generated since the
Company's formation. The Company's senior management team and board includes
executives with decades of deep technical experience in the automotive and
energy industries.

 

About LHP Engineering Solutions

 

Since 2001, LHP Engineering Solutions has provided engineering services and
technology integration solutions for the transportation industry. LHP's
mission is to create a safer, smarter, and more connected world through its
knowledge of embedded controls, software development, telematics, and data
analytics by focusing on the safety adherence and integration of autonomous
systems within vehicles and other safety-critical products.

 

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