Ceramic Fuel Cells (LSE:CFU)
Historical Stock Chart
5 Years : From Jun 2011 to Jun 2016
RNS Number : 0344D
Ceramic Fuel Cells Limited
10 May 2012
Thursday 10 May 2012
Ceramic Fuel Cells' products achieve 1 million hours of operation
Ceramic Fuel Cells Limited (AIM / ASX: CFU) - a leading developer of high efficiency and low emission electricity generation products for homes and other buildings - is pleased to announce that its products have achieved a combined one million hours of operation.
Ceramic Fuel Cells' first field trial units were operated in Australia, New Zealand and Germany from early 2006. In 2007 the company developed its high efficiency Gennex fuel cell module, which is the core of the Company's BlueGen product (first installed with customers in 2010) and integrated mCHP products (developed with appliance partners in Germany, France and the United Kingdom).
Up to 1 May 2012, a total of 189 units have been operated at Ceramic Fuel Cells' facilities in Melbourne and Germany, as well as at customer sites in nine countries. Cumulative operation from all of these systems has now passed one million hours.
The company's products use ceramic fuel cells to turn natural gas into electricity - as well as heat for hot water - for homes, schools, offices and small commercial buildings. Surplus electricity can be sold back to the grid or used in supplementary applications such as charging electric cars. Our products have the highest electrical efficiency of any small scale generating technology in the world, reducing energy bills and cutting carbon emissions.
The company currently has an order book of 619 units made up of 264 integrated mCHP products and 355 BlueGen(R) products.
The number of units installed and operating at customer sites has increased significantly in recent months and is now up to 199. (This number is updated and reported on www.bluegen.net.)
Ceramic Fuel Cells Managing Director Brendan Dow said milestones such as one million hours of operation are important. "These units are not just operating in our labs, but at many customer sites in nine countries around the world," he said. "We continue to optimise the lifetime and reliability of our products, offering customers a real alternative to energy generation, saving them money and dramatically reducing their carbon emissions."
Brendan Dow discusses the Company's current activities in a webcast interview with BRR Media, available at http://www.cfcl.com.au/webcasts.
** BlueGen recently featured on Australian Channel 7's Today Tonight program - http://au.news.yahoo.com/today-tonight/latest/article/-/13501222/power-saving-breakthrough/
For more information please contact:
Ceramic Fuel Cells Limited
Andrew Neilson Mobile : +61 (0) 419 950
Nomura Code Securities (AIM Nomad)
Chris Golden Tel. : +44 (0) 207 776
Australian media enquiries
Richard Allen Tel. : +61 (0) 3 9915
Oxygen Financial Email 6341
Public Relations : firstname.lastname@example.org
UK media enquiries
Mark Way Tel. : +44 (0) 7786 116
MW Research PR Email 991
German media enquiries
Alex Seiler Tel. : +49 (0) 69 9218
Hering Schuppener Email 7454
Consulting : email@example.com
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).
This information is provided by RNS
The company news service from the London Stock Exchange