2nd Oct 2012 07:00
Tuesday 2 October 2012
Ceramic Fuel Cells signs long term Powder Plant Project
Ceramic Fuel Cells Limited (AIM / ASX: CFU) a leading developer of generators which use fuel cell technology to convert natural gas into electricity and heat for homes and other buildings, is pleased to announce that it has secured a long term project for its powder plant in the United Kingdom.
Ceramic Fuel Cells has signed an agreement with a multinational ceramics and speciality chemicals company for them to utilise the plant to develop high quality ceramic powder products. The powder plant equipment and CFCL operational staff at the plant will be allocated to the project on a full time basis.
To cover the operating costs of the plant and related staff, Ceramic Fuel Cells will receive a fee of GBP 450,000 for the 12 month project. The agreement also includes an option for the customer to purchase the plant and licence the related intellectual property for a pre-agreed price. For commercial reasons the identity of the customer and the purchase price are confidential.
The plant, in Bromborough, UK, uses Ceramic Fuel Cells' patented equipment to make nano-size ceramic powders which can be used in a range of applications and products.
For more information please contact:
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Ceramic Fuel Cells Limited |
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Andrew Neilson (Australia) | Tel. | : +61 (3) 9554 2300 |
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Nomura Code Securities (AIM Nomad) |
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Juliet Thompson Chris Golden | Tel. | : +44 (0) 207 776 1200 |
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Australian media enquiries | |||||
Richard Allen Oxygen Financial Public Relations | Tel. | : +61 (0) 3 9915 6341 | |||
UK media enquiries | |||||
Mark Way MW Research PR | Tel. | : +44 (0) 7786 116 991 | |||
German media enquiries | |||||
Alex Seiler Hering Schuppener Consulting | Tel. | : +49 (0) 69 9218 7454 | |||
About Ceramic Fuel Cells Limited:
Ceramic Fuel Cells is a world leader in developing fuel cell technology to generate highly efficient and low-emission electricity from widely available natural gas. Ceramic Fuel Cells has sold its BlueGen gas-to-electricity generator to major utilities and other foundation customers in Germany, the United Kingdom, Switzerland, The Netherlands, Italy, Japan, Australia, and the USA. Ceramic Fuel Cells is also developing fully integrated power and heating products with leading energy companies E.ON UK in the United Kingdom, GdF Suez in France and EWE in Germany.
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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