Libertine FPE (“Libertine”), the creator of Smart Engine technology for distributed power generation and electric vehicles, has signed a Memorandum Of Understanding (MOU) with IPT PowerTech Group (“IPT PowerTech”), who deliver complete power solutions for the industrial and telecom sectors.
IPT PowerTech and Libertine plan to cooperate to demonstrate Smart Engine power generation in a mobile telecoms base station application. Following successful completion of this project IPT PowerTech will market and distribute generator products incorporating Libertine’s technology in the Middle East, Africa and South East Asia regions.
Commenting on the MOU, Sam Cockerill, Libertine FPE’s CEO, said: “Power generator products using Libertine’s intelliGEN Smart Engine architecture should deliver significantly better efficiency to IPT PowerTech’s customers, and as a result reduce the overall cost of energy generation at their sites.”
Rami El-Richani, Solution Development Manager, IPT PowerTech Group said: “Libertine has a compelling technology platform and we are delighted to be playing a part in bringing it to a market where today’s power generation solutions are expensive to run and maintain.”
About IPT PowerTech Group
IPT PowerTech delivers specialized power solutions to the industrial and telecom sectors in the Middle East, Africa and neighboring countries. Since its inception in Lebanon in 1993, it has grown into a leading group, combining power expertise with telecom infrastructure specialization. Today, it is a market leader in providing power solutions and specialty batteries, telecom infrastructure and managed services, along with T-ESCO and Guaranteed Savings Models. Headquartered in Beirut, Lebanon, IPT PowerTech has expanded its presence to the entire region and is now present in 11 countries, with a regional coverage of more than 50 countries
www.iptpowertech.com
Douglas Montgomery appointed as non-executive director
Libertine FPE (“Libertine”), the creator of Smart Engine technology for electric vehicles (EV), has appointed Douglas Montgomery as a non-executive director to represent the company’s minor shareholders.
This follows a recent successful funding round.
Douglas Montgomery – Advisor and Investor
Douglas is an Investor Director of Westwood Global Energy Group and Speech Graphics. Both are private companies and are developing new products/platforms which require commercialisation for growth.
Douglas says: “I’ve been an investor in Libertine FPE over multiple rounds since 2014, and I’m excited by the potential of the management team and the market opportunity for Smart Engines utilizing Libertine’s Linear Power Systems in a more environmentally conscious society.”
Before 2016 Douglas was an Executive Director at energy research and consultancy firm Wood Mackenzie. Douglas was global head of Sales and Marketing, also leading strategy and new product developments, and grew sales from under £10 million to over £240 million p.a. After taking the company private through a management buy-out from Deutsche Bank in 2001 for £25M the company was ultimately sold to Verisk Analytics in 2015 for £1.85Bn.
Libertine Secures Horizon 2020 grant for IntelliGEN
Libertine FPE has secured a grant from Horizon 2020, the European funding programme for research and innovation.
Horizon 2020 aims to produce world-class science and innovation in Europe. The SME instrument is designed to support EU-based small and medium-sized Enterprises with breakthrough innovations through staged funding and business acceleration services.
The Phase 1 grant will be used to support development of Libertine’s IntelliGEN 20kWe Smart Engine platform for OEMs seeking to create power generators for electric vehicles and distributed power generation applications.
In future, most vehicles will require an on-board electrical power generator. By 2030 it is estimated by Toyota that such ‘hybrid’ electric vehicle sales will outnumber conventional vehicles and battery electric vehicle sales by three to one. These future hybrid electric vehicles will require a revolution in internal combustion engine design and performance to meet stringent regulatory and user requirements for efficiency, emissions, noise and vibration, packaging and fuel flexibility.
Libertine is enabling this next revolution in internal combustion engine performance, using electronic piston motion control and high-performance linear machines to ensure optimal combustion conditions during each and every cycle. The ‘Smart Engines’ created by this revolution will play a major role in global transport and power generation for decades to come.
Libertine is currently in discussions under NDA with two leading OEMs in Europe, in addition to prospective partners bringing expertise in renewable fuels and advanced combustion development. Through its proprietary real time compression ratio and adaptive piston motion control technology, IntelliGEN will support all bioethanol fuel mixes from E10 currently in widespread use in Europe to higher E20 and E85 mixes, offering greatly enhanced combustion efficiency and emissions performance.
During 2019 Libertine will be seeking Phase 2 support to launch and evaluate pilot intelliGEN systems in the UK, France and Germany during 2019-20 with support from European partners.
About H2020
Horizon 2020 is the financial instrument implementing the Innovation Union, a Europe 2020 flagship initiative aimed at securing Europe’s global competitiveness.
Seen as a means to drive economic growth and create jobs, Horizon 2020 has the political backing of Europe’s leaders and the Members of the European Parliament. They agreed that research is an investment in our future and so put it at the heart of the EU’s blueprint for smart, sustainable and inclusive growth and jobs.
By coupling research and innovation, Horizon 2020 is helping to achieve this with its emphasis on excellent science, industrial leadership and tackling societal challenges. The goal is to ensure Europe produces world-class science, removes barriers to innovation and makes it easier for the public and private sectors to work together in delivering innovation.