Ceres Power Holdings plc indicated plan to complete funding by end Q3 2012

TIDMCWR
RNS Number : 7573N
Ceres Power Holdings plc
02 October 2012


For immediate release
Not for release, publication or distribution, directly or indirectly, in whole or in part in, into, or from, any jurisdiction where to do the same would constitute a violation of the relevant laws of such jurisdiction.

Ceres Power Holdings plc
("Ceres", "Ceres Power" or "the Company ")
Further to the announcement on 11 September 2012 when we indicated our plan to complete funding by end Q3 2012, we announce that the Board continues to work towards raising an initial tranche of funding to continue to meet the Company's planned expenditure and maintain the business  as a going concern. The Company will update shareholders in due course on progress in this regard.

Enquiries:
   Ceres Power Holdings plc                                  Tel.             +44 (0)1403 273 463      

Ceres Power Holdings plc recent announcements regarding Ceres' funding requirements

RNS Number : 8916N

Ceres Power Holdings plc

04 October 2012

4 October 2012

For immediate release

Not for release, publication or distribution, directly or indirectly, in whole or in part in, into, or from, any jurisdiction where to do the same would constitute a violation of the relevant laws of such jurisdiction.

Ceres Power Holdings plc

("Ceres", "Ceres Power" or "the Company")

Funding Update

Following recent announcements regarding Ceres' funding requirements, the Company announces that, despite extensive efforts it has been unsuccessful in securing sufficient funding for the business going forward. The Company will continue to explore all strategic options including a sale of the business, cancellation of the listing and in the absence of any alternative proposals commencement of an orderly wind down of the business. A further announcement will be made in due course.

German Government approves funding for 200 unit order

20 July 2011

Ceramic Fuel Cells Limited (AIM/ASX: CFU), the world's leading developer of high efficiency and low emission power products for homes and other buildings, is pleased to announce that the German Government has formally approved funding for an order of up to 200 Ceramic Fuel Cells' integrated power and heat generators from German energy service provider EWE.

The previously announced order from EWE is the largest order the Company has received, with total revenue of up to EUR 4.9 million over two years. Part of the funding for the order is being provided by the German government's national hydrogen and fuel cell technology innovation program.

Ceramic Fuel Cells is supplying the core Gennex fuel cell module and related components to its local manufacturing partner, Gebruder Bruns Heiztechnik GmbH, which is integrating the fuel cell module with a boiler into an integrated power and heating product for supply to EWE. EWE will then install the units in homes in the Lower Saxony region in northern Germany.

EWE is the Company's longest standing utility customer and one of the largest and most innovative utilities in Germany, with 6,400 staff and revenues of EUR 5.8 billion. Based in Northern Germany, EWE also has operations in other German states as well as Poland and Turkey.

Apart from the project in Germany with EWE, the Company is also developing and deploying integrated mCHP units in France and the United Kingdom, and has sold its BlueGen modular power and heating products in Europe, Japan, Australia and the USA.