Acta secures repeat, multiple electrolyser order

Acta S.p.A.

("Acta" or "the Company")

Acta secures repeat, multiple electrolyser order

Acta S.p.A. (AIM: ACTA), the clean energy products company, is pleased to announce that it has secured a repeat order for six 500L/h modular rack-mounted electrolysers from one of its longest standing customers, M-Field Energy Ltd ("M-Field"), a telecom back-up power fuel cell system integrator based in Taiwan.

The electrolysers are of the new simplified design developed by Acta for the launch of the Acta Power system and are to be integrated into telecom back-up power systems by M-Field for supply to telecoms customers within Asia and elsewhere. The first three units of the order are scheduled for shipment to M-Field in early November 2013.

Fuel cell back-up power systems, incorporating Acta's electrolyser for autonomous refuelling through onsite hydrogen generation, offer substantial benefits to telecommunications companies seeking to reduce the operating costs and security risks of their current base station back-up power systems. Acta's own telecommunication back-up power system, the Acta Power, was successfully launched in April 2013 and is now under evaluation with mobile telecom operators in Africa, Australia and the Philippines. The receipt of this order from M-Field, together with the sales of the Acta Power system, demonstrates the potential for rapid take-up of integrated fuel cell back-up power systems in the telecoms market.

In addition M-Field has confirmed to Acta that they intend to make a significant investment in CSA product certification of their own back-up power system, which incorporates Acta's electrolyser module as a specified component, to help address further telecommunications market opportunities. Acta and M-Field are currently negotiating the terms of a Master Purchase Agreement to facilitate M-Field's investment in their system certification and the scale-up of product volumes over the medium term.

Paolo Bert, Chief Executive of Acta, commented:

"This order shows further commitment and satisfaction from an existing customer for the Acta electrolyser system. We are pleased to see the continued adoption of our products through both direct and indirect channels into the telecommunications back-up power market."

-ENDS-

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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.actagroup.it