REG - Libertine Holdings - Strategic Partnership with OMI

Libertine HoldingsAnnouncement

15/08/2022 07:00

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RNS Number : 9402V  Libertine Holdings PLC  15 August 2022

15 August 2022

Libertine Holdings PLC

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

Libertine announces strategic partnership with OFFICINA MOTO ITALIA

Libertine Holdings PLC (LSE AIM: LIB), a developer of clean, highly efficient
and fuel-flexible Linear Generator technology, announces its partnership with
OFFICINA MOTO ITALIA ("OMI") to create downsized, power dense Linear Generator
products using renewable fuels.

Based in Milan, Italy, OMI develops high performance 4 and 2-stroke engine
designs for industrial, marine and vehicle applications, working with major
OEM clients in the EU and Asia. In 2021 OMI identified a market need for more
efficient, cleaner, fuel flexible power generator products across a wide range
of market applications including 2- and 3-wheeler hybrid powertrains and small
format electrical power generators. OMI approached Libertine to collaborate on
the development of small format Linear Generator products making use of OMI's
expertise in 2-stroke combustion systems and Libertine's Linear Power Systems
platform technology.

The building-sized 2-stroke engines that power shipping container vessels
today are some of the most efficient engines on the planet. More commonly,
small 2-stroke engines are used in scooters, chainsaws, outboard marine
engines and snowmobiles where power density is key. Small format, power-dense
opposed piston Linear Generators could combine the efficiency of much larger
2-stroke engines with ultra-low exhaust emissions, and the flexibility to use
renewable fuels such as renewable natural gas and green hydrogen - as well as
existing fuels in widespread use today.

A generic small format Linear Generator product capable of producing 3-6kWe of
electrical power whilst operating on biofuels, synthetic renewable fuels such
as e-methanol or green hydrogen could be used for combined heat and power
generation in homes and small businesses; as an electrical power generator for
drones and remote autonomous vehicles; for light 2 and 3-wheeled hybrid
vehicles in regions where grid recharging infrastructure is limited; for
off-grid telecoms towers working together with renewable power and battery
storage; and for portable and backup electrical power generation to provide
secure, reliable, clean power from renewable fuels.

Sam Cockerill, Chief Executive of Libertine, commented: "With over 40 years
of experience in the development of high performance 2-stroke engines, OMI are
well placed to create small format opposed piston Linear Generators using
Libertine's technology. Opposed piston Linear Generators have the potential to
combine the real-world efficiency and ultra-low emissions of fuel cells with
the power density and low cost of small 2-stroke engines"

Mario Pagani, Chief Executive of OMI, commented: "Our customers are looking
for more efficient, cleaner and more fuel flexible power generation solutions.
We identified Libertine's Linear Generator technology platform to help us
create such products. Libertine's technology can be scaled down to small
format power generators the size of swappable battery packs. Compact Linear
Generators could enable the rapid hybridisation of fast-growing scooter and
light 3-wheelers where recharging is not always available. We look forward to
working with Libertine to offer small format Linear Generator products to our
OEM clients."

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

 Panmure Gordon (NOMAD and Broker)                    +44 20 7886 2500
 John Prior
 Ailsa Macmaster
 Hugh Rich (Corporate Broking)

 Tavistock (Public Relations and Investor Relations)  +44 207 920 3150
 Simon Hudson                                         libertine (mailto:libertine@tavistock.co.uk) @tavistock.co.uk
                                                      (mailto:libertine@tavistock.co.uk)
 Rebecca Hislaire
 Nick Elwes

 

About Libertine

Founded in 2009, Libertine has developed a technology platform solution for
powertrain Original Equipment Manufacturers ("OEMs"), enabling efficient and
clean power generation from renewable fuels. Libertine was admitted to trading
on the AIM market of the London Stock Exchange in December 2021.  Libertine's
linear electrical machines, controls and developer tools together form a
technology platform (intelliGEN™) which the Company provides to customers
for the development of clean, highly efficient and fuel-flexible Linear
Generator products. The platform is a result of over a decade of development
of Linear Generator technology with multiple successful client-led programmes.

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 as range
extenders, addressing the practical and economic barriers to rapid adoption of
clean electric propulsion using battery electric powertrain technology alone.
Linear Generator products using Libertine's technology could work alongside
battery electrification in a wide range of hybrid systems 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.

Libertine receives engineering fees by providing its linear e-machine
hardware, controls and developer tools into OEM client product development
programmes, and seeks to license its technology for volume production. 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 developed since the company's
formation in 2009. The Company's senior management team and board includes
executives with decades of deep technical experience in the automotive and
energy industries.

About OMI

OFFICINA MOTO ITALIA (OMI), is a leading 2-stroke engine design, development
and testing business serving global vehicle and industrial product original
equipment manufacturers (OEMs).

OMI's marine and industrial engine OEM clients include Alpina, Arona Motori,
Volvo Penta, Mercury Marine, Onan, Yanmar, GM Marine, KHD Deutz, Carraro,
Poclain, Case and others. OMI serves multiple OEM clients across Asia, with
development programmes for scooter and light vehicle manufacturers including
Qingqi, Zomax, AEON, RATO, Quianjiang, Jinglang, Mahindra, Faspider, JQP,
LIFAN, Zhongnen. OMI also works with many of the best known Italian and
European OEMs such as Agrati Garelli, AMF Harley-Davidson, Cagiva Moto, Moto
Laverda, Moto Guzzi, Yamaha Italia, Yamaha Europe Ltd, Kawasaki Europe,
Peugeot, VOR Motori, Mondial Moto, Suzuki Italia, Honda HM, Honda Montesa,
Husaberg, MZ, Jawa, Sherco, Gas Gas, Marabese Design, Quadro Technologies,
Mecaprom, SWM Motorcycles.

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