Plurion | Investors

Plurion Systems is a subsidiary of Applied Intellectual Capital (AIC), which joined the London AIM (AINC) in January 2007. For more information on Plurion, email info@plurionsystems.com. For information about Applied Intellectual Capital, visit AIC

PLURION – BATTERY TECHNOLOGY UPDATE
03.10.08
AIC is pleased to announce that it is developing a novel high performance electrode material which has broad applications such as advanced batteries, hydrogen generation, metal refining, bio-sensors and water purification.

The new electrode is based on an electrically conducting foil with a proprietary nano-coating which is highly conductive, adherent, corrosion resistant and flexible. The nano-coating is a proprietary glass material, which AIC is developing with the help of its strategic partners Plasma Quest and Prof. Frank Walsh of The University of Southampton.

AIC has entered into an MOU with Plasma Quest Ltd., (“Plasma Quest”) to continue the development and commercialization of this technology across a range of applications AIC has separately engaged the University of Southampton to characterize these materials in a range of electrochemical applications AIC has separately engaged the University of Southampton to characterize these materials in a range of electrochemical applications.

The development of an electrically conductive glass coating is a significant scientific and engineering achievement. This new coating should be compatible with a range of catalysts and has the potential to provide improved electrode performance with reduced catalyst loadings.

AIC is deploying its foil electrode in two of its advanced battery projects (BLAB and Plurion) and is evaluating its use in hydrogen production, bio-sensors and metal electro-refining.

Prof. Frank Walsh is a member of AIC’s Technology Advisory Board, Deputy Head of the School of Engineering Sciences and Professor of Electrochemical Engineering at The University of Southampton.

Robert Clarke, CTO of AIC noted:

“This has been a personal mission and a core research area of AIC’s for many years. Our success demonstrates AIC’s ability to develop fundamentally new materials. The opportunity to share these technological advances across our projects and ventures is central to AIC’s value model.”

Prof. Mike Thwaites CEO of Plasma Quest commented:

“Plasma Quest is delighted that AIC has chosen our advanced plasma technology over competing systems. We believe that we are uniquely positioned to assist with the scale-up and commercialization of this new material.”

Prof. Frank Walsh of Southampton University commented:

“The availability of suitable high performance electrodes lies at the heart of the successful commercialization of a broad range of electrochemical devices. This is an exciting opportunity which continues Southampton’s capabilities in emerging nano-materials.”

AIC is now able to bring additional technologies from its other programs to Plurion. Initially, these include the new high performance foil electrode announced on 3.10.08 and the development of a new Methane Sulfonic Acid (MSA) based electrolyte. Both of these potentially represent significant technological advances for Plurion.

The new foil electrode utilizes a proprietary conductive glass coating, which AIC has developed with the help of its strategic partners. This new conductive glass coating not only possesses exceptional conductivity but is resistant to corrosion and compatible with a range of catalysts. Although this foil electrode is in the development stage, an early “proof of concept” version is already operating successfully at full size in a pre-production electrolyser at Plurion’s Glenrothes facility. The proof of concept version has thus demonstrated the compatibility of foil electrodes with Plurion’s existing electrolyser designs and chemistries.

The new proprietary MSA based electrolyte provides the long term potential to achieve substantially higher energy storage densities with lower overall complexity than is possible with other flow battery chemistries. Importantly, this new electrolyte requires only one electrolyte circuit and eliminates the need for membranes and catalysts.

Mike Woodroffe, Chairman of Plurion, commented:

“In order to exploit sources of intermittent renewable energy the electricity industry desperately needs to be able to store electricity. Once commercialized, our technology is expected to provide an economically viable means for doing so. These additional technologies significantly expand Plurion’s potential product portfolio and will help Plurion to develop the highest performing and most reliable family of high capacity storage technologies. "

Stephen Clarke, CEO of AIC added:

“The ability to share technological advances across our projects and ventures is central to AIC’s value model. By bringing technologies to Plurion from other projects, we are increasing the potential to reduce Plurion’s product development cycle and accelerate commerciality.”

POWER STORAGE MANUFACTURING FACILITY ANNOUNCED FOR METHIL
03.03.08

pplied Intellectual Capital ("AIC") (AIM: AINC) is pleased to announce that, following the purchase of ITI Scotland's interests in Plurion Limited ("Plurion"), a 945 square metre state-of-the-art manufacturing facility is being planned at the Fife Energy Park in Methil, Scotland. The site has been extensively developed by Scottish Enterprise and Fife Council in recent years.

The new facility, which will complement Plurion's existing research laboratory at Glenrothes, will enable the company to progress its high capacity energy storage commercialisation project to the production stage.

Plurion was established in 2005 to develop and commercialise a novel and cost effective large-scale battery storage system. After considering several sites across Europe, the company has chosen Fife Energy Park as its preferred location for manufacture due to the site's growing reputation in the field of renewable energy-related fabrication.

AIC also intends to use the facilities at Glenrothes and Methil to further develop its other electro-chemical technologies. Significant commercial
interest has already been shown in its highly innovative EverClear and RedOx technologies. These technologies are being used to purify waste material from mines (EverClear) and to convert ligno-cellulosic waste into ethanol and other bio-fuels (RedOx).

Mike Woodroffe, Chairman of Plurion, commented:

"This continues Plurion's excellent relationship with Scottish Enterprise, which has done tremendously well to rejuvenate the Methil site so quickly, which now has all the infrastructure and facilities that we could wish for. As Plurion accelerates its development and as AIC's other technologies also attract
attention and investment, we believe this will provide a significant boost to the local economy."

Willie Johnston, of Scottish Enterprise added:

"We are delighted that Plurion will be taking premises at Fife's Energy Park. It is a significant endorsement of our decision to commit resources and
investment to the site. Their technical requirements were pretty stringent, so the fact they have committed to this site is a mark of how well the Energy Park is perceived to be meeting the needs of today's growing renewable energy sector. We look forward to a long and happy association with Plurion."

ENQUIRIES:

Applied Intellectual Capital: Dr. Stephen Clarke Tel. +1 925 639 9399

Plurion Limited: Mike Woodroffe Tel. +44 (0)7801 141 690

Scottish Enterprise: Aileen Hotchkiss Tel. +44 (0)7795 121565

Pelham Public Relations : Archie Berens Tel. +44 (0)7802 442486

Nabarro Wells: Marc Cramsie Tel. +44 (0)207 710 7400

NOTES FOR EDITORS

About AIC

AIC is an AIM listed company that funds, develops, patents and commercialises electrochemical and advanced separations technologies in clean energy, electricity storage, water treatment, metals recovery and other emerging markets. AIC listed on AIM in January 2007 and currently has a market
capitalisation of approximately £107 million.

About Plurion

Plurion was established to develop and subsequently commercialise a novel and potentially highly cost-effective technology for high capacity electricity
storage. Plurion was attracted to Scotland, to develop its innovative and revolutionary large-scale battery system by ITI Scotland's programme for
attracting new technologies to the Country.

Plurion owns the exclusive rights to a type of Flow battery (or RedOx battery) developed by AIC. AIC provided initial funding to develop Plurion's technology. The Directors believe that Plurion is in a strong position to exploit the
growing market for high capacity electricity storage.

UPDATE ON PLURION
02.08.08

Applied Intellectual Capital ("AIC") (AIM: AINC) is pleased to announce that it has reached an agreement with ITI Scotland ("ITI") to purchase all of ITI's
interest and rights in the Plurion joint venture between ITI and AIC ("Plurion") for a sum exceeding ITI's investment. This agreement has resulted in AIC
holding approximately 80% of Plurion's share capital on a fully diluted basis.

Plurion has been working with ITI and AIC over the last two years on a research programme for the development of Flow Battery technology. A fully developed version of this technology would be capable of storing megawatt hours of electrical energy for later distribution. Applications of this technology would e of particular relevance to smoothing the availability of electricity from renewable energy sources such as wind and also deferring power network
infrastructure expenditure.

Plurion is working with AIC on a Research and Development programme to move its technology from bench top to commercial scale and has built a test facility at Glenrothes in Scotland. This facility is capable of testing and demonstrating flow batteries of up to 250kW in capacity. Plurion's product development is nearing completion and once key milestones have been achieved Plurion will
establish manufacturing facilities.

A further announcement will be made in due course.

Dr Stephen Clarke, CEO of AIC, commented:

"We are excited about the potential of Plurion's technology and the opportunity to take a bigger role in scale-up and production. Our decision to move Plurion into a potentially key renewable energy market such as Scotland has been fully ustified and we have been pleased with our association and working relationship with ITI Energy and Scottish Enterprise. Similarly, we have been impressed by the resources and infrastructure available in Scotland."

ENQUIRIES:

Applied Intellectual Capital: Dr. Stephen Clarke Tel. +1 925 639 9399

Pelham Public Relations : Archie Berens Tel. +44 (0)207 743 6675

Nabarro Wells: Marc Cramsie Tel. +44 (0)207 710 7400

NOTES FOR EDITORS

About AIC

About Plurion

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