14th Oct 2013 07:00
Press release | 14 October 2013 |
Acta S.p.A.
("Acta" or "the Company")
Acta demonstrates the Acta Power at
Green Economy and Culture International Conference 2013
Acta S.p.A. (AIM: ACTA), the clean energy products company, is pleased to announce that it has presented and demonstrated the Acta Power back-up power system at the Green Economy and Culture International Conference at Sharm El-Sheikh, Egypt, running from 10-14 October 2013.
The conference, approved by the United Nations (UN Global Compact) and sponsored by the UN Food and Agriculture Organisation, UNESCO, the Egyptian Ministry of State for Environmental Affairs, Vodafone Egypt and other major sponsors, is part of the "Let's Take Care of the Planet" project, an initiative aimed at promoting environmental citizenship for children and young people and engage them in debate on environmental issues. The conference brings 350 young people, students and educators together from different nations to learn about the value of the green economy and share their experiences and cultures (www.unconfint.com).
The presentation of the Acta Power was well received by the conference delegates and organisers. For further information on the conference see the News section of the Acta company website (www.actaspa.com/news).
Paolo Bert, Chief Executive of Acta, commented:
"We believe that the Acta Power can save money for telecom operators, while eliminating the carbon emissions associated with diesel genset back-up power systems. We have been delighted with the enthusiastic reception of our product at this conference, and by the interest and support demonstrated by the conference organisers and sponsors."
-ENDS-
For further information please contact:
Acta S.p.A. | Tel: +39 050 644281 |
Paul Barritt, Chief Financial Officer | www.actaspa.com |
Altium Capital (Nominated Advisor) | Tel: +44 (0)845 505 4343 |
Adrian Reed / Dom Orsini | |
Cantor Fitzgerald Europe (Broker) |
Tel: +44 (0)20 7894 7000 |
Mark Percy / David Banks |
Media enquiries:
Kreab Gavin Anderson (Financial PR) | Tel: +44 20 7074 1800 |
Robert Speed / Ross Gillam / Christina Clark | www.kreabgavinanderson.com |
About ActaS.p.A.
ActaS.p.A. is a developer and manufacturer of a range of clean energy products. Based on its world-leading expertise in alkaline membrane technology, the Company has developed a unique range of low-cost, compact hydrogen generators (electrolysers) which produce pure, dry compressed hydrogen at high efficiency from renewable or grid power.
In April 2013 Acta launched the Acta Power, an integrated electrolyser and fuel cell system for use in back-up power and renewable energy storage applications. Best understood as a "Hydrogen Battery", the system converts energy from renewable or grid power when it is available and stores it in the form of hydrogen, and then converts the hydrogen back to electrical power when needed due to grid black-out or lack of solar / wind power.
This system has extensive application as a back-up power unit for telecommunications base stations, where it competes on cost against traditional battery and diesel solutions, while offering a cleaner solution and better service. In particular, the use of rainwater and the generation of hydrogen on-site removes the cost and logistical barriers of fuel delivery, while also avoiding the theft risk associated with diesel, methanol and battery systems.
The supply of fuel cell back-up power systems for telecommunications base stations represents a large and fast-growing market, especially in extensively bad-grid and off-grid locations such as in Asia and Africa. Battery sales to the Chinese telecoms industry are currently valued at $4.7 bn to $7.8 bn per annum (Fuel Cell Today, China).
Acta holds a portfolio of patents and patent applications on its key technologies, manufactures its products through a combination of production, component subcontracting, and final product assembly and quality control, and has established distribution channels through partnerships in China, India, SE Asia, Australia, Africa, Middle East, Germany, UK, USA and South America.
Acta S.p.A. is based near Pisa, Italy, and was admitted to trading on AIM in October 2005.
www.actaspa.com
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