RE: Annual report available on website19 Mar 2021 20:21
I'm in two minds. I remember the successful investor Peter Lynch said he preferred boring looking reports as it shows they're focusing their time and money on better things. But it does look professional and times have changed I suppose: although the breaking up of the two images on the first page is a little weird...
"Commenced recruitment programme in line with the use of proceeds from the fundraise to strengthen commercial and
technical capability in support of system deployment, ... other senior appointments to follow."
"... we have also begun to put in place the required distribution channels, manufacturing and staffing to turn these opportunities into significant revenue."
They're the types of things I like to hear. You don't hire unless you need to.
"...subsequent supply and service agreements to ensure their reliable and safe operation"
"Today, AFC Energy is engaging with several of the world’s leading constructors, diesel generator distributors and global
electrification providers in showcasing the strong environmental credentials our fuel cell technology can play in aiding the world’s search for Net Zero. Our pipeline of project opportunities has, in response to these environmental circumstances, continued to grow during the course of the 2020 and 2021 lockdowns and we are excited to start converting these opportunities into long-term annuity revenue streams."
Always good to get income coming in after selling and seems they are talking to a lot of people behind the scenes which is good.
When you break down and look past what has been announced so far and look at the snippets of what they are doing to move forward there are some great things occurring I reckon.