Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Commercial Partnership and Customer Order

15th Jan 2013 07:00

RNS Number : 5150V
Acta S.p.A.
15 January 2013
 



 

Press Release

15 January 2013

 

Acta S.p.A.

 

("Acta" or "the Company")

 

Commercial Partnership and First Customer Order in Indonesia

 

 

Acta S.p.A. (AIM: ACTA), the clean energy products company, is delighted to announce that it has appointed a commercial sales partner, M-Business Resourcing Sdn Bhd ("MBR"), to address the market for telecoms back-up power systems in South East Asia, including Indonesia, Malaysia and Singapore.

 

MBR is a business development agency based in SE Asia and specialises in the telecommunications sector. Acta has been working with MBR to develop opportunities in the Asian back-up power sector and Acta has now engaged MBR as its commercial partner for the SE Asian telecommunications market.

 

In addition, the Company is pleased to announce that through its partnership with MBR it has received its first purchase order for an electrolyser to be shipped for evaluation for telecom back-up power applications in Indonesia. The order, which is for a rack-mounted 300 L/hr electrolyser unit, has been received from P.T. Cascadiant Indonesia ("Cascadiant"), an energy and power solutions integrator with offices throughout Asia, the Middle East and Africa.

 

Cascadiant is a leader in the integration and deployment of green energy solutions in SE Asia, and recently announced that it had been awarded a contract to deploy methanol-based fuel cell back-up power systems with Indonesian telecoms operator PT XL Axiata Tbk and PT Hutchison CP Telecommunications.

 

Indonesia is the world's fourth most populous nation and the third largest CO2 emitter, after China and the USA. It has one of the world's leading markets for fuel cell back-up power systems for the telecom sector, both for grid-based and off-grid systems, driven by the rapid development of the telecommunications sector and fragile grid infrastructure. As an indicator of market size and growth rate, Telkomsel, Indonesia's largest mobile operator, is the eighth largest mobile operator in the world, with over 120 million subscribers. At the end of 2012, it operated over 51,000 telecom base stations, which were forecast to increase by 15,000 during 2013 (Source: Telkomsel). Grid outages in Jakarta, Indonesia's capital, occur on average for 50 hours per month.

 

Paolo Bert, Chief Executive of Acta commented: "Following the recent announcements of our partnership agreement in India and the completion of our fundraising, this development of commercial relationships in Indonesia shows that the business is continuing to move steadily in the right direction. Customer interest in our technology is growing continuously and we are working with MBR to address the substantial opportunities that we see in the Indonesian and wider SE Asian markets."

 

Mark Shiels, Managing Director of MBR commented: "The ability to self-recharge hydrogen on site provides significant advantages over the logistics of hydrogen delivery, particularly to the many remote locations found in Indonesia. As there are over 500 deployments of Fuel Cells already in place, ACTA's electrolyser provides significant savings and advantages to anyone using or considering adopting Fuel Cells. In addition ACTA's AES electrolyserstack technology and system efficiencies meet the requirements of the growing demand for off grid solar and renewable powered sites."

 

- ENDS-

 

For further information please contact:

 

Acta S.p.A

Paul Barritt, Chief Financial Officer

 

 

Tel: +39 050 644281

www.actagroup.it

 

Altium Capital (Nominated Advisor)

Adrian Reed / Dom Orsini

 

Tel: +44 845 505 4343

 

Seymour Pierce Limited (Broker)

Mark Percy / David Banks

 

Tel: +44 (0)20 7107 8000

 

 

 

Media enquiries:

 

Abchurch Communications Limited

Ashleigh Lezard / Jamie Hooper

 

[email protected]

 

 

Tel: +44 20 7398 7712

www.abchurch-group.com

About Acta S.p.A.

 

Acta S.p.A. is a developer and manufacturer of a range of clean energy products. Its product line includes market-leading compact hydrogen generators (electrolysers) which produce pure, dry and compressed hydrogen in a way that is easy-to-use and completely safe, and the Company is committed to integrating its award-winning electrolysers with renewable energy sources.

 

Acta's cost-competitive electrolysers are based on its proprietary, inexpensive environmental catalyst and hydrogen conversion technologies. These products help overcome the barriers to the adoption of fuel cells, most notably the lack of a local hydrogen infrastructure. They are also applicable in non-fuel cell hydrogen and oxygen applications, including oxy-hydrogen gas welding systems, where the Company is generating significant commercial interest.

 

Acta's low-cost hydrogen generators represent a unique breakthrough in electrolyser technology. They can operate using mains power or intermittent renewable energy, and produce clean, dry hydrogen already at pressure for use in fuel cell and other applications. This unique combination of features avoids the system complexity and energy cost of further cleaning, drying and compression of the hydrogen, resulting in a simple, compact, low-cost and highly efficient system that is ideally suited for energy conversion and storage applications. In such applications, which include battery replacement and renewable energy storage, low cost and high efficiency are critical to commercial viability, while hydrogen compression is essential for the energy density of the system. No other water electrolyser currently on the market offers this combination of benefits.

 

Acta is focusing on delivering its products to markets with high volume demand for high-value environmental solutions (transport, back-up power, energy and leisure). It is accelerating the commercialisation of its products via partnerships with original equipment manufacturers (OEMs), distributors, and agents in these sectors, and intends to drive down production costs at high volume via contract manufacturing.

 

Acta S.p.A. is based near Pisa, Italy, and was admitted to trading on AIM in October 2005.

 

www.actagroup.it

 

 

About MBR

 

M-Business Resourcing Sdn Bhd ("MBR") is a specialist business development agency focusing on the telecoms industry in South East Asia. The company has offices in Indonesia, Malaysia, and Singapore and experienced staff with first-hand knowledge of the telecommunications vendor and service provider environments. It specializes in business development, executive search, market research and other local and regional services.

 

www.mbrglobal.com 

 

 

About Cascadiant

 

Cascadiant is a venture backed energy and power solutions integrator with offices throughout Asia, Middle East, and Africa. The firm partners with best-in-breed green technology companies to deliver value added, integrated solutions that are combined with in-house developed products specifically focused on lowering a customer's equipment and operating costs while dramatically reducing their emissions and carbon footprint.

 

Cascadiant recently reported a contract to deploy methanol-based fuel cells for an Indonesian telecoms operator, XL. Marshall Towe, Cascadiant Founder and CEO, commented ""Operators are beginning to realize that there is no longer a reason to continue to deploy outdated and environmentally harmful diesel generators for back-up power, there is a better alternative and it is clean and green".

 

www.cascadiant.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCNKQDKABKDODD

Related Shares:

ACTA.L
FTSE 100 Latest
Value8,328.60
Change52.94