LONDON, Jan. 29, 2015 /PRNewswire/ -- Frigesco will present at CleanEquity Monaco 2015 on March 5th & 6th at the Oceanographic Museum of Monaco.
CleanEquity Monaco is an annual invitation-only event hosted by Innovator Capital, the London based boutique investment bank.
Other partners and sponsors include Prince Albert II of Monaco's Foundation, Covington & Burling, Porto Novelli, PR Newswire, Cranfield University, the Monte-Carlo SBM, Oceanographic Museum of Monaco and Monaco Chamber of Economic Development.
Frigesco has been identified by an expert panel as one of the world's most innovative cleantech companies and has been selected to present to senior financial and strategic investors, policy makers, legislators, end users and media.
Frigesco's system works by harnessing waste heat from refrigeration systems to carry out very low energy defrosts, in the process reducing supermarket cooling energy costs by up to 20 per cent. The technology has won a string of awards and is currently undergoing field trials in working supermarkets in the UK, South Africa and the US.
Frigesco believes the system has even wider application, and recently secured UK government support in the form a Department of Energy and Climate Change (DECC) grant to develop the system for use in air source heat pumps (ASHPs).
It will be used to fund joint research by Frigesco and heat pump specialist Glen Dimplex to develop flash defrost technology for application in ASHPs, themselves a clean-tech for sustainable heating and cooling, with major growth potential due to their exceptional efficiency.
David Walter, managing director of Frigesco, said: "It is another important step in our journey to develop and communicate the benefits of flash defrost. The results from the first field trials are now beginning to come back, and as anticipated prove the outstanding efficiency of the system.
"We are now talking to some of the world's largest retailers and manufacturers about the next steps in implementing flash defrost. After four years of research and development and proving trials, we believe 2015 will be an important year for us and provide the springboard for commercial take off."
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About Innovator Capital
Innovator Capital is a boutique investment bank advising emerging technology companies from around the world. Established in 2003, Innovator focuses on the provision of expert strategic and capital markets advice, transaction arranging and M&A services for private and public companies.
SOURCE Innovator Capital