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All aspects of the design and production will be moving forward in parallel and will always have potential to advance.
Would have been sad for apple if they had 'set in stone' their first iphone and not continued to develop.

As Chippyjo says, they need to be in parallel.

All advances make the product better and with better power output/longer life we get a cheaper and more competitive product which is easier to sell and more profitable at the price people will pay for power.

Ah, so the radio silence may have been because there has been another redesign of the flow plates.
The video they showed of flow at the AGM last year looked much better than it had been before, but I did think 'surely it can be better still'.
Lets hope the redesign moves stack longevity closer to electrode longevity and marches us forward on PLACE.
Great news on progress though and hopefully they now feel they have got the best (and ultimately cheapest and most commercial) flow plates they can have.
All great as long as they get there in the end!

Hopefully this is the first of several bits of news before the results.

Hello desertwolf,

Companies House shows rehydrogen as dissolved in October 2017.
Dr. Amitrava Ray is now shown as active director of Engas (Uk) Ltd.
http://www.en-gas.co.uk/contact
working from a different address in Horsham.

Interesting that while the price is dropping iii have just increased the number they will give me an electronic price to sell from 250000 to 380000. This is very rare. They clearly still have demand!

good find jupiternmars.

...with this announcement, hopefully the first of several....

This is a smart niche positioning product.
The original concept for AFC fuel cells was to use currently free vented hydrogen from chlor-alkali.
It had dawned on me that the vented hydrogen becomes more valuable when it is a fuel for cars and may go to the vehicle power market rather than producing electricity.

Very nice footwork to make a 'simple' product that positions AFC in that niche.
Brilliant!
Well done AFC!

It is a nice car.
Wonder who it belongs to and whether they did communicate with BWM before they publicised this.

This is great news. Not the RNS any of us were expecting, but this could have great potential as a product!

I wonder if the De Nora xmas video with santa;s sleight being powered by hydrogen and a fuel cell was hinting about this.

We know that raising money is inevitable some time soon. However, there may be a lot of other progress to update on yet. Am sure we were expecting updates on battery and alkammonia product during 2018 which could be imminent, let alone the new website production agreements, De Nora guarantee and any other left field announcements.

I have no problem with funds being needed to carry on good work. Just hope they update the market on all areas of progress and if there is a fundraise it is at a price reflecting what they have, not giving away shares cheaply due to no news.

Exciting times!

My view on this is that the no news policy has a lot to answer for. That seems to be down to John Rennocks rather than AB.

Very true Eddietheo.
But most of the majority shareholders are as underwater as we are.
I doubt they would be keen on

1) Takeover of the company at 10p a share
2) De Nora acquiring 49% of the company at 5p or even 10p a share.
nor even
3) Raising £16million at 4p a share, issuing 400 million new shares

Hopefully all unlikely or impossible.

Am wondering where we would stand in any of these (probably unlikely) scenarios:

If there was a buyout/takeover at a low level presumably shareholders would be able to vote and since many are underwater could reject a low offer.

If there was an offer for (eg De Nora) to take a percentage of AFC, possibly, given the current share price at a low price. How many new shares are AFC able to issue without asking the shareholders? At what level would we need to be consulted?

Am sure the answers are buried somewhere, but does anyone know this off hand?

No sign of an RNS about appointment of VSA yet, if this is true.
Does anyone know how long they have to action this within AIM rules?

No you dont let a small mistake (lies on a bus) carry on to a complete disaster.

You reconsider the position in the light of being fully informed (Peoples vote).
You withdraw the divorce documents (Revoke article 50).
And you replace your lying friends Jacob, Boris, Michael and Ian....

Christmas party and drinks at AFC sounds lovely.
But I think Notes has already been told we would be removed by security if we turn up uninvited!

Good find Bumble B, thanks for this.
Mentions stack durability as 6,300 hours, which is still only 9 months.
This seems disappointing!
Do you know the date of this presentation?

You make a good point Bumble B.
However, with every chance of a fundraising soon, saying almost nothing while the shareprice drops to its knees does not seem a good business strategy to me either.

Interesting that AFC mentioned discussions with Japanese members of the Hydrogen Council hidden at the end of the latest update. Could be that AFC are also in discussions with Toyota.

Very different styles of communication for AFC and PHE!

At the AGM they showed a slide of gas flowing over the plate and how adding more holes for gas flow had made the gas flow more even and covering more of the plate.
The improvement was impressive, but I nonetheless thought it could be better still. I dont know if even flow is a factor in stack longevity, but it sounds from last weeks update that they have improved further since the AGM. This may mean stack longevity also improves.

Yes Daz, the difference between electrode longevity alone and in the stack is an 'elephant in the room'.

I was not sure from the AGM presentation whether they really decay faster in the stack, or whether testing had not gone on for long enough to know. For single electrodes they seem to have a way of 'accelerated testing' which predicts how long they will last while testing for a shorter time than two years. This may not work for electrodes in the stack, so just takes them longer to know.

However, the recent update did say this.

Electrode manufacture: recent test data has indicated that the partnership with electrode manufacturer Industrie De Nora will lead to significantly lower build costs for the fuel cell while increasing the longevity of the electrodes. The composition of electrodes for commercial deployment is now being finalised in anticipation of first customer shipment to Southern Oil.

· Flow plate and stack manufacture: the selection of a manufacturing partner for the production of the fuel cell flow plates is at an advanced stage and the Company expects to provide an update in the coming weeks. The Company has completed the plate design to optimise flow of gases and liquids to the electrodes.

AFC Energy has established further improvements in electrode longevity and cost reduction through its joint development activities with Industrie De Nora and is in the final stages of confirming an electrode pairing for the Southern Oil project in Australia. These electrodes are expected to be supplied by Industrie De Nora to AFC Energy in Q1 2019, subject to agreement on the terms of a Strategic Electrode Supply Agreement.

The Company expects to finalise its appointment of a mass-produced flow plate manufacturer by the end of 2018, following an international competitive tender. The process is expected to result in further cost reductions on a "per part" basis relative to earlier cost modelling conducted by the Company and reinforces the decision by AFC Energy to outsource this key manufacturing activity. The design of AFC Energy's new flow plate has all fuel cell components integrated within a single sub-assembly, which is expected to deliver not only material improvements in system performance, but also a more streamlined and robust quality control function to help eliminate potential failure modes.

Any reduction in costs is as good as extending longevity for the final cost of the product. They also say they have improved flow of gasses/liquids over the plates. That could mean that electrodes last longer in the stack.

You are correct that it would be nice to have a number for where they are now, but perhaps if that is improving all the time they dont want to be specific. Certainly, if they have improved cost/longevity from the AGM they must be below the 10c mark by now. That must be low enough to make a competitive product for some applications.

I found an advert for office space at the TUVA address of Monument Place, 24 Monument Street EC3R8AJ.
I did not find a raft of companies using a letterbox as their registered address as you sometimes do.

A 90 sq m office space there cost £100,000 a year in rent and £29,000 a year in rates.
If they are renting an office there it could be a smaller space, but it doesn't look like they are setting up in the spare bedroom with a shoestring budget. They seem to have an impressive shopfront and look like they mean business.

I doubt someone like Julian Tanner would start a business with James Kennedy unless he had confidence in him. Nor sign up to a costly office without confidence their business can pay for it.