2014

Stirling-engine Developer Qnergy Acquires US-based Infinia

TEL AVIV, Israel, November 21, 2013 /PRNewswire/ --

Qnergy, an Israeli-based Stirling engine manufacturer and its U.S affiliate, has acquired the assets of US-based Infinia Corporation Inc. located in Ogden, Utah. Qnergy plans to integrate the core technologies and know-how of both companies in order to commence mass production of Stirling engines for various applications within the coming twelve months.

Qnergy (http://www.qnergy.com) was established in 2009 by Ricor Cryogenic and Vacuum Systems, a world leader in the field of miniature Stirling cryogenic coolers. Qnergy's technology enables residential and business customers to generate power and hot water on-site (Distributed Power Generation) with total efficiency of more than 90%.

The company develops and manufactures highly efficient, reliable and cost-effective Stirling engines for various applications such as: micro-combined heat and power (mCHP), solar power generation and solar CHP, remote power generation and more.

Infinia Corporation is an energy technology company, developing and manufacturing high-efficiency, free piston Stirling generators that convert readily available and low cost heat sources such as solar, biogas and natural gas into reliable on and off grid electricity. Following 40 years of its ultra-high reliability technology for the DOD, NASA and DOE, Infinia has recently launched its solar product - the PowerDish™. The PowerDish is the world's first Stirling-based solar power generation system suitable for automotive scale manufacturing and deployment, from small distribution scale arrays to multi megawatt utility scale solar plants. Infinia filed for chapter 11 and pursued a going concern sale of its assets this past September.

"There is a substantial synergy between the Qnergy and Infinia technologies and know-how acquired and developed over the years by each company's outstanding teams. The potential of Infinia technology to provide a low-cost source of renewable energy for a wide range of applications is proven and significant," says Erez Harel, CEO of Qnergy "The Stirling technology developed by Infinia is an excellent complement to Qnergy's portfolio," he adds. "With this acquisition, we can not only address market needs for low-cost Solar cogeneration systems but are also better positioned to address additional applications such as micro-CHP, Bio Mass, Remote Power and more."

For additional information please contact Ms Jenny Levin - Manager International Public Relations, Strategy & Values Ltd.  Jennifer@shayporat.com  Cell: +972-50-444-5249

SOURCE Qnergy



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