EWE Funding Approval

Date : 07/20/2011 @ 7:00AM
Source : RNS Non-Regulatory
Stock : Ceramic Fuel (CFU)
Quote : 0.22  0.0 (0.00%) @ 1:00AM
Ceramic Fuel Cells share price Chart

EWE Funding Approval


Ceramic Fuel Cells Limited

20 July 2011

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.

For further information please contact:

 Ceramic Fuel Cells 
 Andrew Neilson                    Tel: +613 9554 2300 
                                   Email: investor@cfcl.com.au 
 Nomura Code Securities            Tel: +44 (0) 207 
  (AIM Nomad)                       776 1200 
 Juliet Thompson, Chris 
 Australia Media enquiries 
 Richard Allen, Oxygen Financial   Tel: +613 9915 6341 
  Public Relations 
 UK Media enquiries                Tel: +44 (0) 7786 
  Mark Way                          116 991 

About Ceramic Fuel Cells:

Ceramic Fuel Cells Limited 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 is 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.

Ceramic Fuel Cells has also sold 90 BlueGen gas-to-electricity generators to major utilities and other foundation customers in Germany, the United Kingdom, Switzerland, The Netherlands, Italy, Japan, Australia and the USA. Ceramic Fuel Cells recently won the 2010-11 DuPont Design for a Sustainable Future innovation award and the Microgeneration UK 2011 Technical Innovation Award. The company is listed on the London Stock Exchange AIM market and the Australian Securities Exchange (code CFU).


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This information is provided by RNS

The company news service from the London Stock Exchange



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