10th Sep 2015 08:16
LONDON (Alliance News) - Alkaline fuel cells developer AFC Energy PLC on Thursday said it remains on track to hits its commercialisation milestones for the KORE fuel cell power system.
AFC said it expects to hit full nameplate capacity for the KORE system in line with previous guidance and said it is making progress on developing its fuel cell catalyst and has seen further improvements from the cells being trialled at its Stade facility in Germany.
The company also is in talks with existing and potential commercial customers and hopes to make further updates on these talks in coming months.
"At this time, we wish to reassure shareholders that AFC remains on target to deliver on its key milestones announced in December 2014. We will provide further updates to the market on the KORE system at Stade and other commercial developments in the near future," said Adam Bond, AFC's chief executive.
Shares in AFC were up 2.0% to 35.45 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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