20th Feb 2009 09:31
20 February 2009
Ceramic Fuel Cells Limited
("CFCL" or "the Company")
ASX Price Query
Ceramic Fuel Cells Limited, (AIM / ASX: CFU) a leading developer of high efficiency and low emission microgeneration products for homes, has received a price query from the ASX regarding the recent rise in the share price. The price query and the Company's response is available on the ASX website (www.asx.com.au) and is replicated below. The Company confirms that it is not aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company.
The share price movement followed yesterday's announcement that the Company had achieved electrical efficiency of 60% from one of its natural gas powered fuel-cell home appliances while exporting electricity to the grid.
As previously announced to the market, most recently on 30 January, the Company is pursuing several options to secure additional funding, including seeking new cornerstone investors in a number of countries, and seeking financial support from governments.
Those discussions have not yet resulted in any agreement. Discussions are continuing and the Company will provide further updates as soon as it is able to.
The Company's accounts for the half year to 31 December 2008 are due for release by Friday 27 February 2009. The Company is in the process of preparing those accounts. Based on current information those accounts may include further impairment charges to reflect the current market value of the Company's financial investments. The details of any impairments depend on market pricing which the Company is in the process of compiling.
The Company confirms it is in compliance with its continuous disclosure obligations.
ENDS
For further information please contact:
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Ceramic Fuel Cells |
Nomura Code Securities (AIM Nomad) |
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Andrew Neilson |
Juliet Thompson or Chris Golden |
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Tel: +61 419 950 771 |
Tel: +44 (0) 207 776 1200 |
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Email: [email protected] |
Australia Media enquiries: UK / EU Media enquiries:
|
Richard Allen |
Ian Payne / Vicky Watkins |
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Oxygen Financial Public Relations |
Hogarth Partnership Limited |
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Ph: 03 9915 6341 or 0403 493 049 |
Ph: +44 (0) 20 7357 9477 |
About Ceramic Fuel Cells Limited:
Ceramic Fuel Cells Limited is a world leader in developing solid oxide fuel cell technology to provide highly efficient and low-emission electricity from widely available natural gas and renewable fuels. The company is developing such products for micro combined heat and power and distributed generation units that generate electricity and heat for homes. Ceramic Fuel Cells is developing micro combined heat and power products with leading appliance partners and utility customers in Germany, France, the United Kingdom, Holland and Japan. The company is listed on the London Stock Exchange AIM market and the Australian Securities Exchange (code CFU).
www.cfcl.com.au
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