ACTA.L Regulatory News (ACTA)

26 Mar 2008 07:00

Acta S.p.A.26 March 2008 26 March 2008 Acta S.p.A (the "Company") Additional Listing In connection with the completion of the second tranche of the Sumitomoinvestment, first announced on 12 July 2007, the Company has applied for2,000,000 new ordinary shares of EUR 0.006 each in the Company to be admitted totrading on the AIM ("Admission"). Admission of these shares is expected to occuron 28 March 2008. For further information please contact: Acta S.p.A Tel. + 44 (0) 20 7360 4900Toby Woolrych Smithfield Group Tel. +44 (0) 20 7903 0603George Hudson, Katie Hunt, Will Henderson Numis as Nominated Advisor and Broker Tel. +44 (0) 20 7260 1000Jag Mundi, David Poutney, Alex Ham Notes to Editors: Acta S.p.A. Acta develops and manufactures unique patented catalysts which have beenlaunched initially to the hydrogen generation, portable power and waste toenergy markets. Acta's catalysts for ammonia decomposition into hydrogen offer the automotiveindustry access to a practical hydrogen carrier for the first time. Thecatalysts extract hydrogen from ammonia at room temperature, allowing ammonia,one of the most widely used chemicals in the world, to become a fuel forautomotive use, solving the problem of hydrogen storage and transportation. Acta's catalyst range for alkaline membrane fuel cells allows fuel celldevelopers to stop using expensive platinum so that fuel cells can be madecommercially viable for mass adoption, particularly in automotive and portableelectronics applications. Adoption of HYPERMEC catalysts greatly reduces thecost of fuel cells and additionally allows for the first time the use of a widerange of safe liquid bio-fuels such as ethanol and glycerol. Simple passivealkaline membrane fuel cells can act as a high performance and environmentallyfriendly alternative to lead acid and alkaline batteries at a commerciallyacceptable price. Acta is also developing other commercial opportunities using its catalysts forwaste treatment in the bio-fuel, polymer and other industries. Acta listed on AIM in October 2005. Sumitomo Partnership and Investment Acta has a long term marketing agreement with Sumitomo Corporation, a leadingJapanese trading corporation, which confers enormous competitive advantage toActa when doing business with major Asian customers. Acta announced in July a£4.6m investment by Sumitomo Corporation together with a further £1.15m placingwith UK institutions. At the same time Acta and Sumitomo entered into a newMarketing Agreement with the initial fixed term extended to ten years and provisions contemplating collaboration in future ventures in the Asian region. This information is provided by RNS The company news service from the London Stock Exchange