Ceramic Fuel Cells temporarily suspends its distribution agreement with Sanevo

RNS Number : 2078Z

Ceramic Fuel Cells Limited

05 March 2013

Tuesday 5 March 2013

Ceramic Fuel Cells temporarily suspends its distribution agreement with Sanevo

Talks on continuation with a potential legal successor company are pending.

Build-out of European sales channels continues.

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, was informed that the Offenbach District Court has placed Sanevo, one of the company's German distribution partners, in insolvency administration as of 1 March 2013. CFCL has already fully provided for any expected losses that may arise from this action in its interim financial statements released on 27 February 2013.

Sanevo's insolvency will have no impact on CFCL's strategy or operations. The company remains focused on expanding its sales network in Europe. Over the last few weeks, it appointed as new distributors iPower in the United Kingdom and Solar Spirit in Belgium. In addition to a growing number of distribution partners in Germany and across Europe, CFCL is also accelerating the build-up of a direct sales force in North Rhine Westphalia in Germany to meet the growing demand for its BlueGEN technology. Demand is expected to be further increased by the announced capital subsidy scheme in North Rhine Westphalia.

Thanks to the increasing number of distribution partners in Europe, and to recent efforts to establish its own sales force, the company remains confident of its ability to deliver on its ambitious sales and growth targets.

Ceramic Fuel Cells Limited signs distribution agreement with Solar Spirit

RNS Number : 3503Y

Ceramic Fuel Cells Limited

21 February 2013

Ceramic Fuel Cells Limited signs distribution agreement with Solar Spirit

Promising start of the BlueGEN technology in Belgium

Ceramic Fuel Cells Limited ("CFCL") (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, today announced the signing of a distribution agreement with Solar Spirit a leading Belgian provider of renewable-energy-systems . The partners will distribute highly efficient BlueGEN-CHPs in Belgium together.

Bob Kennett, CEO of CFCL, says: "We are very pleased to have entered into a formal arrangement with a strong and well established partner for the distribution of BlueGEN in Belgium. Solar Spirit shares our passion for our technology and working with them will strengthen our access to the Belgian market for environmentally friendly energy solutions."

Bjorn van Haver, CEO of Solar Spirit, commented: "We are very satisfied with this unique cooperation, which offers great chances in Belgium for both partners. We are confident about installing numerous BlueGENs in Belgium this year and furthermore generating an attractive order volume going forward."

Spirit Group is a leading Belgian provider of renewable energy systems and has an excellent distribution network with 15 years of distribution experience. After the latest cuts of solar subsidies in Belgium, publicly guaranteed certificates for power from micro-power plants become more important. Since the compensation is tied to the produced power volume, CFCLs BlueGEN units with their globally unique electrical efficiency of up to 60 per cent perfectly suit this promising segment.

The Belgian market is known for its high environmental awareness and its great interest in innovative solutions for clean energy production. Solar Spirit specifically develops new models and product combinations which enable customers to independently generate power. Last year, CFCL and Solar Spirit installed the first BlueGEN units with customers and also received positive feedback from prospective customers. Both partners see a high potential for further growth and the distribution agreement now lays the basis for a strong market position going forward.

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