VPhase poised for strong growth in 2012

Energy-saving products group VPhase reported 'steady progress' in 2011 after securing a number of key contracts which it says have put in place the building blocks for future growth.

Energy-saving products group VPhase reported 'steady progress' in 2011 after securing a number of key contracts which it says have put in place the building blocks for future growth.

Revenue totalled £0.44m in the 12 months ended December 31st, compared with £0.27m in 2010, with the group saying that demand for its product continues to grow steadily. The company manufactures a patented voltage optimisation unit used in homes and small businesses, aimed at reducing customers' electricity bills by around 10%.

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