Thursday 20 November 08 - 08:01
 

News Americas

VYCON plumps for Alternative offering

VYCON, the California-based manufacturer of high-cycling energy storage flywheel systems, has made a public offering on the Alternative Investment Market (AIM) of the London Stock Exchange, in a move it says will raise more funds for the continued development of its emission and fuel reduction technology.  

The Port of Long Beach has taken six of Vycon’s RTG energy regenerating units.

“Demand for renewable, clean energy products is increasing on a global scale and we are in a position to provide this,” said VYCON president Tony Aoun.“The proceeds raised by the placing will enable us to continue the expansion of our current production capabilities whilst developing larger systems for this growing market.”

VYCON’s present products target global uninterruptible power supply (UPS) and dockyard crane markets, where it says its clean technology can significantly reduce emissions of greenhouse gases and other pollutants.

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The Port of Long Beach has taken six of Vycon’s RTG energy regenerating units.

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