ACTA.L Regulatory News (ACTA)

Acta S.p.A.

("Acta" or "the Company")

2.75 MW Additional Photovoltaic Project Consents Received

Acta S.p.A. (AIM:ACTA), the clean energy products company, is pleased to announce that it has received project consent for a further three applications in its own developed, Italian photovoltaic project pipeline. Based on prevailing market rates, these three consents, which cover 2.75 MW, have an estimated value of approximately €825,000. These three consents are in addition to the three PV project consents totalling 2.7MW announced on 4 August 2010.

Acta is developing a substantial pipeline of identified projects through to consent which currently totals 24.6 MW, based in the Tuscany and Abruzzo regions of Central Italy. Of this pipeline, a total of 5.45 MW has now received approval.

As announced on 22 September 2010, part of the recent GBP 3.0 million fundraising is to be used to fund the expansion of the PV consent pipeline and to accelerate Acta's growth in this attractive and profitable sector. The Company's intention is to maximise returns, profitability and cash flow through a combination of the sale of consent-only sites and obtaining EPC contracts for site construction, and to implement a build-and-operate strategy over the medium term.

Based upon the development status of Acta's photovoltaic project pipeline, the Company estimates that applications currently in progress have a potential consent only sales value to Acta of approximately €7.5 million. Consent-only sales are high margin revenue streams, with any sales from the current pipeline expected to be realisable within 2010. 

Paolo Bert, Chief Executive, commented:

"Our portfolio of consented projects is continuing to develop well ahead of our initial timing expectations. We look forward to announcing further project authorisations as they receive approval over the coming weeks. The development of this project pipeline, together with the success of our recent fundraising, is building a strong platform for our expansion into next year."

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About Acta S.p.A.

Acta S.p.A. is a developer and manufacturer of a range of clean energy products. Its product line includes market-leading compact hydrogen generators (electrolysers) which produce pure, dry and compressed hydrogen in a way that is easy-to-use and completely safe. The Company is also extensively involved in the Italian solar photovoltaic market through its photovoltaic business, ActaSol, and is committed to integrating its award-winning electrolysers with renewable energy sources. The Company is currently in the process of delivering a €32.2m (10.6MW) installation contract to SPF Energy through its joint venture company, SolGen, and is developing authorisation approvals for a 25 MW project pipeline.

Acta's cost-competitive electrolysers are based on its proprietary, inexpensive environmental catalyst and hydrogen conversion technologies. These products help overcome the barriers to the adoption of fuel cells, most notably the lack of a local hydrogen infrastructure.

Acta's low-cost hydrogen generators represent a unique breakthrough in electrolyser technology. They can operate using mains power or intermittent renewable energy, and produce clean, dry hydrogen already at pressure for use in fuel cell and other applications. This unique combination of features avoids the system complexity and energy cost of further cleaning, drying and compression of the hydrogen, resulting in a simple, compact, low-cost and highly efficient system that is ideally suited for energy conversion and storage applications. In such applications, which include battery replacement and renewable energy storage, low cost and high efficiency are critical to commercial viability, while hydrogen compression is essential for the energy density of the system. No other water electrolyser currently on the market offers this combination of benefits.

Acta is focusing on delivering its products to markets with high volume demand for high-value environmental solutions (transport, UPS, energy and leisure). It is accelerating the commercialisation of its products via partnerships with original equipment manufacturers (OEMs), distributors, and agents in these sectors, and intends to drive down production costs at high volume via contract manufacturing.

Acta is marketing its electrolyser product range to early adopters through its energy products division, Acta Energy. This division's objective is to ensure, through facilitating the widespread adoption of commercial and domestic fuel cell products, that Acta's hydrogen generator becomes a familiar industrial and domestic appliance.

Acta S.p.A. is based near Pisa, Italy, and was admitted to trading on AIM in October 2005.

www.actagroup.it www.actaenergy.it