Energetix associate VPhase clinches deal with Eaga

Energetix associate company VPhase has signed a nationwide supply deal for its VX1 energy saving device with Eaga Heating Services.

The agreement runs for a minimum of three years and targets sales of more than 5,000 units per annum.

VPhase CEO Rick Smith said: "The establishment of framework agreements with key players like Eaga is core to the rapid deployment of VPhase's low cost, simple to install, 'fit and save' voltage optimisation unit.

"The announcement is particularly timely given our TV advertising campaign that commences on Christmas Eve in the Granada region."

Energetix has a 43% stake in VPhase.

Story provided by StockMarketWire.com

13/12/2010