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Stephen Voller, CEO of Voller Energy, does not always sit in an office dreaming up new energy efficient fuel cell ideas. He is about to sail from Lisbon to Gran Canaria as part of the crew for the final training leg prior to the ARC Rally 2007. Voller Energy’s Emerald yacht, a Beneteau 411, will be the first yacht in the World to cross the Atlantic with a fuel cell system running off LPG, Propane or Calor Gas. The crew will be using the prototype Emerald fuel cell system for power generation during the 2,700 nautical mile passage from Gran Canaria to St Lucia. Stephen Voller explained the aim of the ARC Rally entry, ‘We want to test the Emerald fuel cell system prototype on an Atlantic crossing as part of our product development in the lead up to the Emerald fuel cell being commercially available in January 2008. The Emerald crew, including some Voller Energy employees, is very confident in the ability of this technology in an offshore marine environment, the aim of the passage is to confirm the reliability of our product and identify any further prototype modifications required before the commercial
Nice...Hopefully all these anouncements will give a boost to share price, keep them coming. Any idea why they are so low? Do you think it could be fear of they needing to raise more funds? They seem to have kept spending under tight control, but if ever they are going to start needing money would have thought it would be now!
"Voller has integrated Ballard's Mark1030 fuel cell into an APU product that addresses three distinct markets," said Noordin Nanji, Ballard's Chief Customer Officer. "The Mark1030 already has several years of proven performance in Japanese residential cogeneration systems and so we are delighted to see it employed in exciting new applications that will deliver clean, quiet power to various consumer markets. While volumes will be small initially, the potential of these markets makes this a valuable opportunity to evaluate the role that fuel cell technology can play in APU markets." The Mark1030 is at the heart of Voller's Emerald fuel cell generator - a product that runs on liquefied petroleum gas (LPG) or propane and provides the functional equivalent of a five-kVA gas or diesel generator. The Emerald generator is ideal for delivering 12V or 24V power on boats and in recreational vehicles, leveraging the cooking gas already on board as fuel. The Emerald generator can also be used at remote building sites as a quiet and efficient alternative to conventional generators. "The Ballard Mark1030, designed to operate on hydrogen derived from reformed fuels, offers a well verified fuel cell solution for the Voller Emerald APU," said Stephen Voller, Voller's Chief Executive Officer. "Because the Emerald works using widely available fuels such as propane and LPG, we have removed the fueling infrastructure issue from the table."
Ballard Power Systems (TSX: BLD)(NASDAQ: BLDP) today announced it has signed a supply agreement with Voller Energy Group PLC (Voller) to provide Ballard Mark1030(TM) fuel cell stacks for integration into Voller's 1kW auxiliary power units (APUs), aimed at the leisure, marine and construction markets. Under the agreement, Ballard will deliver fuel cells to Voller in 2007 and 2008.
Why Wingsails Haven't Caught On So Far No substantive technical criticisms of any sort are known of the wingsail designs. The reasons for failure include lack of firm customers, pursuit of the wrong market when oil prices and interest rates moved against wingsails, management mistakes, manufacturing processes being too long and forecasts being always far more optimistic than realities ever were. The companies did not fail for lack of interest in the emerging technology, but for inability to bring it successfully to market. The English Board of Trade provided £207,500 in financial assistance to Walker Wingsail Systems Ltd. of Hamble, Hampshire under the support for innovation scheme before 1988, prior to the company's move to Plymouth. Grants made to Walker Wingsail Systems Ltd. under the support for innovation scheme were monitored at each payment stage. The financial assistance was forthcoming under the enterprise initiative consultancy scheme.
Implementing the proposed restructuring in this manner will require the sanction of a resolution of such shareholders holding not less than three quarters of these funds' participating shares present in person or represented by proxy at the meetings. The Company anticipates that it will requisition (or, alternatively, the Directors of the funds might call) meetings of the shareholders of these funds as well as of the Absolute Return Europe Fund Limited and the Absolute East West Fund Limited following an assessment of the returns received from investors on 19 October 2007. Under the funds' articles of association, meetings of shareholders may be held on seven days' notice, and are likely to be held prior to 31 October 2007.
On 3 October 2007, the Company received notice of two petitions filed in the Grand Court of the Cayman Islands by Mr. John Bruhl, a shareholder in each of the Absolute European Catalyst Fund Limited and the Absolute Octane Fund Limited. The petitioner requests, among other things, that the Court order these funds be wound up and that Krys & Associates Cayman Ltd., Cayman Islands, be appointed provisional liquidators of the funds. The Absolute European Catalyst Fund Limited and the Absolute Octane Fund Limited oppose the petitions. The funds have been successful in having the applications for the appointment of provisional liquidators adjourned from the originally scheduled 10 October 2007 hearing date to 31 October 2007, at the earliest, pursuant to a consent order made by the Grand Court of the Cayman Islands on 10 October 2007. This will provide sufficient time for investors to make their views on the proposed restructuring known. In opposing the petitions, the funds have the support of several large investors who have made written submissions to the Court and/or directed their own Cayman Islands counsel to intervene.
Absolute Capital Management Holdings Limited (the "Company") Funds Update The Company is pleased to report that it is making good progress in securing investor support for the funds' restructuring proposals. The Company confirms that it has held informal discussion with investors holding approximately 70% of the shares of those funds proposing to restructure, and has received indications of support for the proposals from substantially all of those investors. Meetings and teleconference calls with the balance of fund investors are being arranged in advance of the circulars' 19 October 2007 return date.
Voller Energy has collaborated with revered yacht designer Ken Frievokh to produce drawings of a 55 foot concept cruising yacht designed to be completely powered by fuel cell technology, it has been reported. According to BYM News, Mr Frievokh is a keen supporter of fuel cell technology and believes that in five years' time yacht designers will all be faced with the issue of producing a blueprint for a yacht which accommodates a cell and that very soon "a fuel cell will be a standard issue in the marine design industry". Due to the compact nature of the fuel cell, Mr Frievokh has been afforded greater scope to develop the below-deck area in the concept drawings while there is also more opportunity to introduce electrical products to afford passengers greater comfort. However, Stephen Voller, Voller Energy's CEO, believes it is the reliability of the fuel cell that is its most impressive attribute. "It is the potential reliability and ease of maintenance of the fuel cell which are its main attributes to the boating world, due to the nature of this leisure pursuit during passages you can be a long way from a service yard and need to trust and rely on your chosen electrical supply," he told the publication.
D1 Oils was founded by North entrepreneur Karl Watkin who is involved in a number of other businesses including gold mining firm China Goldmines, private jet business Plane Chartering and skincare group Dermasalve. http://www.nebusiness.co.uk/business-news/latest-business-news/2007/09/27/d1-oils-should-make-21m-profit-by-2010-51140-19853230/
ALTERNATIVE fuel producer D1 Oils has reported a doubling in losses in the first half of the year but is expected to strike into the black with a £21m profit by 2010. The Middlesbrough company saw losses rise to £10.3m in the first six months of the year compared to £4.8m in 2006, while turnover soared from £33,000 to £4.1m during the same period. However the firm, which makes environmentally friendly biodiesel by processing plants, saw its net cash value more than double from £12.8m in 2006 to £27.8m after significantly expanding its global presence over the last six months. And the company’s house broker expects the business to surge into the black over the next three years as the firm’s many recent acquisitions begin to bear fruit. Analyst Alastair Bishop from Dresdner Kleinwort has predicted the firm to cut its losses to £1m by 2009 and rake in profits of £21m by 2010.
LONDON (Thomson Financial) - Los-Angeles based Solar Integrated Technologies Inc said it has won two orders to build integrated photovoltaic roofing systems in Belgium for a total of 3.4 mln usd. The two projects are expected to be finished in 2007, the company said, adding that Belgium is a relatively new solar market with a feed-in tariff of 0.45 eur per Kilowatt hour.
More odd goings on at Absolute Capital Management, Florian Homm’s Mallorca-based hedge fund that all but imploded when its founder flounced out in September. It subsequently emerged that Mr Homm had deposited much of investors’ money in US pink sheets and other illiquid assets, leaving the management trying to cobble together a rescue plan where the most toxic investments would be spun off and managed separately. But that rescue plan now faces resistance. In London, a set of unnamed AbCap investors have hired Simmons & Simmons to advise an action group, while in the Cayman Islands one investor has gone so far as to begin liquidation proceedings against two AbCap funds - Euro Catalyst and Absolute Octane. A Cayman-based AbCap investor, John Bruhl, has taken the action - mindful, it seems, that under Cayman law the first party petitioning for a successful liquidation usually gets to appoint the liquidator. http://ftalphaville.ft.com/blog/2007/10/11/8008/absolute-confusion/
EBT Mobile China plc ("EBT Mobile" or the "Company") Wal-Mart partnership and National Holiday Sales EBT Mobile China plc, a leading China-based retailer of mobile phone products and services, is pleased to announce details of an expansion agreement with Wal-Mart and its sales for the recent National Holiday week. http://www.hemscott.com/news/latest-news/item.do?newsId=51178830684245
Wouldnt it be worth waiting for the fall further!?
Good stuff, This is what we like to hear
Wish I'd topped up at 17p!!
http://business.timesonline.co.uk/tol/business/markets/article2592165.ece Rumour of the day Keep an eye on Voller Energy, the AIM-listed maker of a prototype fuel cell for yachts, worker cabins and motor homes. Since floating at 74p a share in 2005 the shares, 1p higher at 17½p yesterday, have fallen steadily, as orders have been slim. But word is they are not far from closing deals with yacht dealerships for 100 fuel cells. This is what I've been waiting for!!!!!!! Hopefully the orders will start roling in now!!!!!!!
Great stuff!!! Was suprised to see the fall of these last couple of days. Hopefully this could be a trigger for a boost in the share price!! Looking forwards to some more deals being announced.