Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. View here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksACTA.L Regulatory News (ACTA)

  • There is currently no data for ACTA

First Repeat Order from Australian Telco Customer

2 Jul 2014 07:00

RNS Number : 1444L
Acta S.p.A.
02 July 2014
 



 

2 July 2014

Acta S.p.A. ("Acta" or "the Company")

 

First Repeat Order from Australian Telco Customer

 

Acta S.p.A (AIM: ACTA), the hydrogen energy company, is pleased to announce the sale of a further three Acta Power systems to SEFCA Pty Ltd, its Australian distributor and commercial partner for a back-up power application, for one of Australia's largest mobile phone operators.

 

The three Acta Power systems specified in this first repeat order, are expected to be fulfilled in the second half of the current financial year and will each incorporate a ReliOn fuel cell module with a power output of 2.5kW. Whilst relatively modest, this order represents the initial phase of a much larger deployment opportunity, which is expected to grow in volume with successive stages of implementation over the next two years.

 

This repeat order follows the successful evaluation by the end customer of the Acta Power system over the past nine months. The success of the evaluation has clearly demonstrated that the ACTA system is suitable for off-grid applications as the power for the back-up system was generated entirely from solar photovoltaic cells completely independent of the mains power grid.

 

Paolo Bert, CEO of Acta, commented: "Our customer has been impressed with the reliability and performance of the Acta Power system when installed in-field in a live application, and we are pleased to see this important customer moving forwards into the next deployment phase. As stated in our recent trading update, we look forward to providing further news regarding the progress of our other opportunities within the telecom and other markets in due course.

 

"This latest order further strengthens Acta's position for back-up power within the mobile telecoms sector. Futhermore, this repeat order validates our technology and enables Acta and its partners to enter the multi-billion dollar market opportunity for on-site hydrogen generation."

 

 

For further information please contact:

 

Acta S.p.A.

Tel: +39 050 644281

Paolo Bert, Chief Executive Officer

Paul Barritt, Chief Financial Officer

www.actaspa.com

 

Altium Capital (Nominated Advisor)

Tel: +44 (0)845 505 4343

Adrian Reed / Dom Orsini

 

Cantor Fitzgerald Europe (Broker)

 

Tel: +44 (0)20 7894 7000

Mark Percy / David Banks / Paul Jewell

 

Media enquiries:

Walbrook PR

Tel: +44 (0)20 7933 8780

Paul Cornelius / Bob Huxford

acta@walbrookpr.com

 

 

 

About Acta S.p.A.

Acta S.p.A. is a developer and manufacturer of a range of clean energy products. Based on its world-leading expertise in alkaline membrane technology, the Company has developed a unique range of low-cost, compact hydrogen generators (electrolysers) which produce pure, dry compressed hydrogen at high efficiency from renewable or grid power.

 

In June 2013 Acta shipped the first Acta Power, an integrated electrolyser and fuel cell system for use in back-up power and renewable energy storage applications. Best understood as a "Hydrogen Battery", the system converts energy from renewable or grid power when it is available and stores it in the form of hydrogen, and then converts the hydrogen back to electrical power when needed due to grid black-out or lack of solar / wind power.

 

This system has extensive application as a back-up power unit for telecommunications base stations, where it competes on cost against traditional battery and diesel solutions, while offering a cleaner solution and better service. In particular, the use of rainwater and the generation of hydrogen on-site removes the cost and logistical barriers of fuel delivery, while also avoiding the theft risk associated with diesel, methanol and battery systems.

 

The supply of fuel cell back-up power systems for telecommunications base stations represents a large and fast-growing market, especially in extensively bad-grid and off-grid locations such as in Asia and Africa. Battery sales to the Chinese telecoms industry are currently valued at $4.7 bn to $7.8 bn per annum (Fuel Cell Today, China).

 

Acta holds a portfolio of patents and patent applications on its key technologies, manufactures its products through a combination of production, component subcontracting, and final product assembly and quality control, and has established distribution channels through partnerships in China, India, SE Asia, Australia, Africa, Middle East, Germany, UK, USA and South America.

 

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

 

www.actaspa.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCRBMATMBIMBMI
Date   Source Headline
3rd Jul 20133:26 pmRNSResult of AGM
18th Jun 20137:00 amRNSActa Receives EUR182,000 EU Grant Funding
30th May 20137:00 amRNSPublication of Annual Report and Accounts
22nd May 20137:00 amRNSFirst Acta Power Sale
10th May 20137:00 amRNSDirector/PDMR Shareholding: Options Grant
8th May 20137:00 amRNSRepeat Orders and Commercial Update
9th Apr 20137:00 amRNSActa launches integrated back-up power system
27th Mar 20137:01 amRNSMVS Distribution Agreement
27th Mar 20137:00 amRNSPreliminary Results
25th Mar 20137:00 amRNSChange of Broker
19th Mar 20137:00 amRNSNotice of Preliminary Results
7th Mar 20137:00 amRNSTermination of Ecoisland Letter of Intent
25th Feb 20132:56 pmRNSActa and Ecoisland Letter of Intent Update
21st Feb 20131:46 pmRNSActa and Ecoisland sign Letter of Intent
29th Jan 20137:00 amRNSIncrease in Production Capacity
15th Jan 20137:00 amRNSCommercial Partnership and Customer Order
9th Jan 20133:34 pmRNSHolding(s) in Company
7th Jan 20138:07 amRNSHoldings in Company
7th Jan 20138:06 amRNSHoldings in Company
7th Jan 20138:05 amRNSDirector's Share Dealing
7th Jan 20138:00 amRNSAdmission of Shares to Trading on AIM
24th Dec 20127:00 amRNSPlacing: Successful £2.1 million fundraising
19th Dec 20127:00 amRNSActa signs Letter of Intent with MVS Engineering
18th Dec 20127:00 amRNSActa Recieves EU Grant Confirmation
7th Dec 20127:00 amRNSTokyo Fuel Cell Expo Hosts Acta Electrolysers
21st Nov 20127:00 amRNSFutureE and Acta sign supply agreement
13th Nov 20127:00 amRNSAIM Rule 17 Disclosure
24th Oct 20127:00 amRNSHeliocentris orders Acta's EL100
22nd Oct 20127:00 amRNSFirst Orders Received for 1m3 Electrolyser Stacks
11th Oct 20127:00 amRNSActa MField UPS repeat order
1st Oct 20127:00 amRNSShipment of Fuel Cell Back Up Power System
27th Sep 20128:00 amRNSActa's EL100 Exhibited at the Worlddidac Basel
27th Sep 20127:00 amRNSInterim Results
25th Sep 20127:00 amRNSNotice of Results
24th Aug 20127:00 amRNSDirectorate Change
2nd Aug 20127:00 amRNSActa Partnership Update and Project Shipment
18th Jul 20127:00 amRNSTrading Statement
3rd Jul 20124:00 pmRNSResult of AGM
26th Jun 20127:00 amRNSMarketing and Distribution Agreement
6th Jun 20127:00 amRNSPublication of Annual Report and Accounts
8th May 20127:00 amRNSExclusive Supply Agreement
23rd Apr 20127:00 amRNSNew Products Launched at Hannover Messe
2nd Apr 20127:00 amRNSTotal Voting Rights
29th Mar 20127:00 amRNSPreliminary Results
21st Mar 201212:29 pmRNSHolding(s) in Company
16th Mar 20123:35 pmRNSHolding(s) in Company
16th Mar 20127:00 amRNSNotice of Preliminary Results
15th Mar 20125:38 pmRNSHolding(s) in Company
15th Mar 201212:12 pmRNSHolding(s) in Company
15th Mar 201212:05 pmRNSHolding(s) in Company - Replacement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.