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Yes, TAMGO and Illuming and no doubt many more. Definitely Speedy. Maybe ABB, Acciona, MACE, or other construction company talking about the market for our Hydrogen Generators. It's going to be a huge event for AFC for sure.
Illuming "look forward to meeting AFC Energy's investors at the Company's Capital Markets Day"
Well looks like I was spot on with my prediction yesterday about component manufacturing partners.
Yes, I saw that. But that was potential and this is actual. Are they the same thing?
Snork. Was on his LinkedIn feed a few weeks ago. Pictures of AFC guys in Germany visiting potential contract manufacturers in Germany.
Yes should be a fantastic day for Afc & it's share holders.
"Looking forwards to hearing from Rami Elayan, General Manager of TAMGO - The Machinery Group LLC., at AFC Energy’s Capital Markets Day in London today."
"A fantastic partnership of like minded companies working to support sustainable offgrid power in the Kingdom of Saudi Arabia and MENA regions!"
https://www.linkedin.com/posts/adam-bond-74841b13_aesaepaetaeraew-aepaesaetaeuaetaewaehaerabraepaesaehaepaetaerabraesaesaetaehaexaepaesabraepaesaetaevaexaewaexaer-activity-7193876061045092352-ic_t
Is it Tennents? Where's that?
Clearly this morning's announcement is good news. But is it big news? Too early to tell for sure so before that can be answered conclusively there are questions to be resolved. Such as:
1. We are hoping for exponential growth across several regions. if that is to be the case how does that square with this arrangement being adequate to cope with foreseeable demand over the next five years? Clearly the company has to make internal forecasts and budgets but if it genuinely can look five years ahead that does sound a little limiting.
2. If growth does exceed that forecast, can production be further scaled with Illuming or another partner?
3. What is Illuming's international network? There isn't much mention of it that I can see on their website so does it extend to manufacture in multiple locations? Can it sub-contract via this network? etc.
4. The announcement gives no indication of scale of manufacture. Entirely possible that I've missed what this five year foreseeability involves but it's clearly crucial in establishing the potential for AFC's growth.
What I'd really like to see (but won't) is a list of attendees at the Capital Markets Event. It's clear to all that investment in small cap, and particularly AIM, has proved to be very unattractive for institutional investors for a number of years now. That is going to be a tough trend to buck, particularly for any companies that retain any degree of speculative activity, and until AFC can turn a regular, material and growing profit it retains that description.
Excellant news, well i must look like i have a crystal ball after my post predicting this news only yesterday evening. Well done to all the team at Afc Energy ( Fantastic News) .
Snork. Germany is discussed as the finished product assembly location.
A very important milestone has been achieved. Going in to the capital markets event the company can validly describe how they will scale to new demand. This is massive news. There’s clearly demand there from Speedy and seemingly Tamgo to service. A big step forward for the company.
If this satisfies all foreseeable demand for the next five years, whither Germany?
Seeing as our stacks will be mass produced in Vancouver, it would make a lot of sense to now appoint a USA/Canada systems assembly company, a USA/Canada hydrogen generator distributor, and USA/Vanada hire company agreements.
The "made in America" tag can also be applied, which is a preferred choice of government and many USA buyers.
More RNS to look out for in the not too distant future I suspect.
Experts in hydrogen fuel cell technology
Illuming Power develops and produces materials, membrane electrode assemblies, components and fuel cell stacks. Design for manufacturing has produced the lowest cost, thinnest expanded graphite bipolar plates and sealing options for automotive OEM’s and their suppliers. Illuming Power is engaged in establishing production capacity to meet the demand for mass deployment.
Illuming Power is an independent Canadian corporation formed in 2017 and serving customers in Asia, North America and Europe. At the end of 2021, our customers have logged over 40 million kilometers in over 1000 vehicles using our technologies.
Our History
Since 2017, our global clients have leveraged Illuming Power’s design and manufacturing expertise to produce thousands of fuel cell stacks for heavy duty automotive applications. We have enabled our clients to accelerate development and reduce costs, making them more competitive in the global market.
https://www.hannovermesse.de/exhibitor/illuming-power/N1548303?editor=visitorView&exhibitor=rm4fehu6&tdom-loc=w8t3bdk6&scene-node=s4o94vzm
How could one not be cynical having held AFC shares for years, joaung? The way the company communicates with shareholders is atrocious. Smoke and mirrors in the extreme.
The important bit is that mass manufacturing HAS BEGUN. This milestone is often seen by big investors as the time step up investment in a company, hence AFC inviting Illuming to present to the ii's and sell side analysts today.
"Under a multi-year programme, Illuming, through its international network, will deliver completed and commissioned S Series fuel cell plates and stacks for installation into H-Power Generator modules."
"Illuming, and its partners, have the ability to meet all air cooled stack requirements for H-Power Generators foreseen over the next 5 years."
"Orders for completed S Series stacks have already been placed with Illuming based on recent qualification of components and evidence of production quality."
Garonne,
You are cynical, no ifs about it.
You seem utterly shocked and gutted with this good news. Almost as if you’re concerned your short positions will be blown away.
Although the statement from Illuming was obviously made before May! I guess as Daz has said, it just confirms that the orders for Speedy are being ramped up. I guess that's good but will it stimulate the SP?
Well said.
"We welcome the opportunity to support AFC Energy in its targeted growth strategy and look forward to meeting AFC Energy's investors at the Company's Capital Markets Day in May"
That is why it was announced today.
It’s not even news worthy, progress on delivery of the £2m Speedy order yes, but that’s being done in house, this is just ‘we’ve been working with this supplier for years and have given them an order’
Fair point Snork. Thanks for the qualification.
It's not deemed to be price sensitive by the advisers. It's a Reach announcement
I thought price sensitive news had to be released as soon as it's know about!?
Maybe you should take your own advice investmentpro! You bring nothing to this board except sycophancy and abuse.