Tuesday 2 October 2012

Ceramic Fuel Cells signs long term Powder Plant Project


TIDMCFU
RNS Number : 6645N
02 October 2012
Tuesday 2 October 2012

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 hassecured 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.


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