Member Info for halffull

Keep going your doing a great job on your own!!

http://www.afcenergy.com/_userfiles/page…ck%20160413.pdf

Required for "Large Projects & High Volume Production Methods"

Mr Shvindler obviously has a positive view of the company spending more than £250K buying more shares, lets hope he makes even more millions!! GLA

For those that do not know:

AFC understood early in its development that the waste to energy (WtE) sector was a potentially lucrative market for fuel cells. However, due to the time taken to bring these projects to fruition, AFC decided to work through partners who follow this sector specifically. Our first such partner is in the UK - Waste2Tricity (W2T).

Established in 2009, W2T is a structured solutions provider to the WtE sector. Its business plan is based on the use of the most economically efficient technologies to generate electricity from commercial and municipal waste. To this end it has centred its activities on the development of projects using plasma assisted gasification. Its intention is to develop, own and operate these plants and use appropriate proven power conversion technologies to deliver grid connected power solutions.

W2T assisted Air Products PLC in pulling together various elements of its 350,000t/year WtE plant in Teesside, the build for which kicked off in 2012.

In April 2012, W2T exercised its option to purchase an exclusive UK licence for AFC’s fuel cell technology for use in gasification WtE projects. AFC will receive a non-refundable appointment fee of £1m payable in stages over 4 years, the first £150,000 instalment of which has already been received.

W2T also has a conditional right of first refusal regarding the supply of AFC Energy’s fuel cells to further territories in Europe, North America and Thailand for use in projects where hydrogen is derived from the gasification of municipal solid waste.

AFC Energy and W2T will continue to work together to target and develop WtE opportunities as they arise.

AFC currently own 25% of W2T.