Axiomlab PLC, the regional provider of capital and business

building expertise, said it invested 625,000 stg for a 40.23 pct shareholding in Energetix Group Ltd, a new company set up in partnership with Energetic Communications Ltd.

Energetic Communications Ltd has transferred its entire business operations and resources into Energetix.

Energetix will focus on new energy technologies, in particular distributed, renewable and energy efficiency technologies, for example energy generation and storage products such as fuel cells, micro-turbines, photo-voltaic cells and flywheels.

Energetix aims to identify and develop these early stage energy related technologies and, in partnership with Axiomlab, provide infrastructure, management, and technical resources.

Energetix managing director Adrian Hutchings said: "Alternative energy is one of the most exciting areas in technology at the moment. The market for energy efficient solutions is global, and we believe that the potential of discovering and exploiting world leading patents, from the quality of the partnerships that Energetix has already created, is considerable."