Ceres Power Holdings plc Ceres Power signs new OEM Evaluation Agreement
February 02 2016 - 2:01AM
RNS Non-Regulatory
TIDMCWR
Ceres Power Holdings plc
02 February 2016
2 February 2016
Ceres Power Holdings Plc
("Ceres Power", "Ceres" or the "Company")
CERES POWER SIGNS NEW OEM EVALUATION AGREEMENT FOR MULTI kW
SYSTEMS
Ceres Power, a world leading developer of low cost, next
generation fuel cell technology, is pleased to announce that it has
signed a new evaluation agreement for its Steel Cell Technology
with a leading global Original Equipment Manufacturer (OEM).
Under this agreement Ceres will deploy a complete Steel Cell
system for a period of rigorous testing. Under the terms of an
additional MoU, if the testing proves successful the two parties
intend to enter into a Joint Development of a multi kW system.
This agreement builds on the advancements in the Steel Cell
technology power density and efficiency which Ceres announced on 2
December 2015 and places the Company's technology firmly into the
higher power application space.
Phil Caldwell, Chief Executive of Ceres Power commented:
"There is a growing demand for low carbon distributed power due
to increasing pressure on conventional power generation. We are now
developing high efficiency power systems which provide superior
performance to the grid in terms of efficiency and emissions and
enable power to be generated at the point of need in the home or
business. We are continuing to deliver against our strategy of
establishing the Steel Cell as the platform of choice for the
future power products of the world's leading companies."
Ceres Power Holdings plc Tel: +44 (0)1403
Phil Caldwell, CEO 273 463
Richard Preston, CFO
Zeus Capital (Nominated Tel: +44 (0) 20 3829
Adviser and Broker) 5000
Phil Walker / Andrew Jones
Tavistock Tel: +44 (0) 20 7920
Mike Bartlett / James Collins 3150
Notes to Editors:
About Ceres Power
Ceres Power (http://www.cerespower.com/) is a world leader in
low cost, next generation fuel cell technology for use in
distributed power products that reduce operating costs, lower CO2,
SOx and NOx emissions, increase efficiency and improve energy
security. The Ceres unique patented Steel Cell technology generates
power from widely available fuels at high efficiency and is
manufactured using standard processing equipment and conventional
materials such as steel, meaning that it can be mass produced at an
affordable price for domestic and business use.
www.cerespower.com
ENDS
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