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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