30th Nov 2011 07:00
30 November 2011
Ceramic Fuel Cells Limited
Extension of North-Rhine Westphalia Grant
Ceramic Fuel Cells (ASX / AIM: CFU) ("the Company") announces that the NRW Bank has extended the term of the grant received by the Company.
In December 2009 the Company received a grant of €1,386,000 from the NRW Bank. NRW Bank is the government-owned development bank in the German state of North-Rhine Westphalia, where the Company has built and is operating its volume manufacturing plant.
Under the terms of the grant certain conditions had to be met in order to retain the grant monies.
In the Overseas Offer Circular mailed on 8 November 2011 the Company noted that it was in ongoing discussions with the NRW Bank and the Government of North-Rhine Westphalia about the grant conditions, specifically relating to the number of staff employed at the plant.
The Company is pleased to announce that the NRW Bank has given an extension until December 2012, in order to meet the final grant condition.
For further information please contact:
Ceramic Fuel Cells | |
Andrew Neilson | Tel: +61 419 950 771 |
Email: [email protected] | |
Nomura Code Securities (AIM Nomad) | Tel: +44 (0) 207 776 1200 |
Juliet Thompson, Chris Golden | |
Australia Media enquiries | |
Richard Allen, Oxygen Financial Public Relations | Tel: +613 9915 6341
|
UK Media enquiries Mark Way
| Tel: +44 (0) 7786 116 991 Email: [email protected] |
German Media enquiries | Tel: +49 (0) 69 9218 7454 |
Alex Seiler, Hering Schuppener Consulting | Email : [email protected] |
About Ceramic Fuel Cells Limited:
Ceramic Fuel Cells Limited 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 is 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.
Ceramic Fuel Cells has also sold more than 300 BlueGen gas-to-electricity generators to major utilities and other foundation customers in Germany, the United Kingdom, Switzerland, The Netherlands, Italy, Japan, Australia and the USA. The company is listed on the London Stock Exchange AIM market and the Australian Securities Exchange (code CFU).
www.cfcl.com.au
Related Shares:
Ceramic Fuel Cells