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Pin to quick picksCeramic Fuel Cells Share News (CFU)

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Interest in Ceramic Fuel heats up

Mon, 25th Jul 2011 13:43

Ceramic Fuel Cells charged higher Monday after it announced its largest ever order for its Bluegen units.Sanevo, which has has substantial experience in marketing and selling new technology power and heating products in Germany, through more than 120 qualified sales partners, has placed an initial order for 100 units.The German company has signed a distribution agreement with Ceramic Fuels to market, sell, install and service BlueGen gas-to-electricity products in regions of Germany and Austria. The deal targets a minimum order of 500 Bluegen units for delivery in the second year of the agreement and a target of 2,000 units over years three and four. Provided Sanevo orders these agreed minimum numbers of BlueGen units during 2012 to 2014, Sanevo has exclusive rights to distribute BlueGen to commercial and residential customers in the German States of Baden-Württemberg and Bavaria, and in Austria. Ceramic Fuel Cells retains full rights to sell BlueGen units to utilities and energy service companies.News of the deal was accompanied by a trading update from Ceramic Fuel Cells, covering the second quarter.The company said sales of its Bluegen units improved by 190% over the first quarter. Receipts from customers for the June quarter were £0.8m, up from £0.5m in the March quarter. Net operating cash outflow for the June quarter was £2.7m, which was lower than the preceding quarter due to higher receipts from customers and a lower level of inventory purchases. The net cash outflow after operating, investing and financing activities for the June quarter was £3.7m.For the full year to 30 June 2011 receipts from customers were AU$ 3.3m (£2.2m), which was AU$1.7m (£1.1m) higher than last financial year. Total cash inflow for the year was AU$6.4m (£4.3m), which included net receipts from shares issued during the year of AU$28.9m (£19.2m).Cash at 30 June 2011 was 19.1m Australian dollars, equivalent to around £12.7m.--jh
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30 Apr 2014 15:40

Ceramic Fuel Cells 3rd Quarter Disappoints With Limited Sales

LONDON (Alliance News) - Ceramic Fuel Cells Ltd, the natural gas and renewable fuels technology company, said Wednesday that it only sold 15 units in the third quarter, in what it said was a "disappointing" trading performance after improving sales momentum earlier in the year. The company

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24 Mar 2014 12:46

Ceramic Fuel Cells Raises Money In Placing, Gets Investment Deal

LONDON (Alliance News) - Ceramic Fuel Cells Ltd Monday said it has raised about GBP3.36 million in a placing and also signed a deal with an investor which will lead to an investment of between USD3 million and USD8.5 million, money it needs to keep going after a recent big order collapsed.

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24 Mar 2014 10:20

Ceramic Fuel Cells announces fundraising

Ceramic Fuel Cells has raised 3.36m pounds as part of its plan to boost its capital reserves. The group has also entered into a so-called Bergen Agreement, by which the investor has agreed to put in a minimum of $3m and up to $8.5m in the company. The investment is in consideration of the firm is

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10 Mar 2014 15:00

Ceramic Fuel Cells Not Aware Of Reason For Share Jump

LONDON (Alliance News) - Ceramic Fuel Cells Ltd said Monday that it did not know any specific reason for the sharp rise in its share price, after it rose to a high of 2.65 pence. Shares in Ceramic were trading up 39% at 2.50 pence Monday afternoon, but had traded at 2.65 pence earlier in th

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3 Mar 2014 09:26

Ceramic Fuel Cells Trims Loss, Receives Order For 100 BlueGEN Units

LONDON (Alliance News) - Ceramic Fuel Cells Ltd Monday said its pretax loss narrowed slightly in its first half as revenues improved and it has received a large BlueGEN unit order. The developer of fuel-cell technology generators to convert natural gas into electricity and heat for homes an

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20 Feb 2014 11:03

STOCKS NEWS EUROPE-UK small caps index down 0.4 percent

The FTSE small cap index and junior-listed AIM shares are down 0.4 percent and 0.3 percent respectively, against a 0.26 percent fall recorded by the blue chip index and a 0.6 percent weaker mid-caps index . Real estate investment trust Redefine falls 3.9 percent after announcing it is relea

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20 Feb 2014 10:55

Ceramic Fuel Cells Slides As Synergy International Deal Falls Apart

LONDON (Alliance News) - Ceramic Fuel Cells Ltd Thursday said it has decided that Synergy International OÜ is in breach of contract after the Estonian distributor missed a second deadline for paying for BlueGen units it had ordered, meaning the British company is now having to look at its options

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20 Feb 2014 10:09

Ceramic Fuels dives after Synergy Intl breaches contract

Shares in Ceramic Fuel Cells plunged more than a third on Thursday after the group told investors Synergy International had breached the terms of its contract by failing to make a pre-payment. The contract had a value of more than 20m euros. The pre-payment, the deadline for which had aleady by

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27 Dec 2013 08:55

Ceramic Fuel Cells Raises GBP3.2 Million In Placing And Overseas Offer

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18 Dec 2013 10:46

Ceramic Fuel Cells sells powder plant assets to ICL-PP Europe

Ceramic Fuel Cells is selling its powder plant assets in Bromborough, UK, to the materials business unit of ICL-PP Europe for 1.15m pounds. CFU is no longer utilising the powder from the plant due to a change in the production process. The firm explained that it had realised a surplus asset which

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28 Nov 2013 12:27

CORRECT: AIM IN BRIEF: Herstal Emerges As Favourite To Acquire Manroy

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28 Nov 2013 12:22

UK WINNERS & LOSERS: Carney Knocks Down Housebuilders, Cameron Snuffs Tobacco Shares

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28 Nov 2013 10:31

Ceramic Fuel Cells bounces on Baltic bonanza

Ceramic Fuel Cells (CFU) has agreed to sell 1,000 BlueGEN small-scale electricity generators to its new Baltic distribution partner over the next two years, more than double the number of units the company has sold in its history. The Australian-based company said the units were valued at more tha

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28 Nov 2013 08:48

Ceramic Fuel Cells Soars On Baltic Distributor Deal

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28 Nov 2013 08:22

AIM IN BRIEF: Beretta Emerges As Favourite To Acquire Manroy

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