12th May 2009 08:35
12 May 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 and volumes.
The Company has previously announced that it is developing a modular generator product using its fuel cell technology and is looking to enter new markets including Australia. The Company plans to officially launch the product within the next week or so. The Company has also previously announced that it is in discussions with potential partners in new markets, including in Europe and Australia.
Other than that the Company is not aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in securities of the Company.
The Company does not believe that the details of the planned product or its launch are themselves price-sensitive or likely to be an explanation for recent trading in securities of the Company. Details of discussions with potential partners will be released if and when those discussions result in an agreement.
The Company also notes that, as previously announced, as a result of recent fundraising rounds the number of shares on issue has increased significantly. The Company now has 1,029,873,280 shares on issue. On 11 May there were approximately 11.6M shares traded on ASX, representing only 1% of the total shares on issue.
The price query and the Company's response are available on the ASX website (www.asx.com.au).
For further information please contact:
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Ceramic Fuel Cells |
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Andrew Neilson |
Tel: +613 9554 2300 |
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Email: [email protected] |
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Nomura Code Securities |
Tel: +44 (0) 207 776 1200 |
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Juliet Thompson, Chris Golden |
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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 micro combined heat and power and distributed generation units that generate electricity and heat for homes. Ceramic Fuel Cells is developing products with leading appliance partners and utility customers in Germany, France, the United Kingdom 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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