22 Oct 2009 07:00
ο»Ώ
22Β OctoberΒ 2009Β Β
Acta S.p.A.Β ("Acta" or the "Company")
Product Launch Confirmation
Acta, theΒ clean-tech catalysts and products company,Β isΒ pleased toΒ confirm the trade launch of its innovative, low cost, hydrogen generator for recharging fuel cell products and applications.
Following the success of initial test marketing the Company has decided to proceed with a programme of trade showsΒ in target market areasΒ to highlight theΒ performance and benefits of its clean technology product range to both consumers and distribution channel partners. The initialΒ EuropeanΒ trade show programme will include the following dates:
10 - 15Β November:Β International MotorcycleΒ and CycleΒ Show,Β Green Planet Section (Milan)
17 - 19Β November: Marine Equipment Trade Show, Innovation Section (Amsterdam)
25 - 27Β November: High Tech Expo, Hydrogen Show Section (Milan)
4 - 8 December:Β InternationalΒ Motorshow, Eco-City AreaΒ (Bologna)
At the above shows Acta will be demonstrating itsΒ compact hydrogen generator, together with examples of the fuel cell products that can be recharged usingΒ it, such asΒ a fuel cell-powered electric bicycle,Β
compactΒ 100W andΒ 200WΒ fuel cellΒ powerΒ generators, and aΒ 1kWΒ fuel cellΒ generator to power anΒ electric outboard motor. In addition, a fuel cell bicycle and rechargerΒ supplied by ActaΒ will be awarded as the first prize for a rally competition event to be held during the Bologna International Motorshow.
Presentation of the hydrogen generator and related fuel cell products at two sailing and motor yacht trade fairs during October 2009, generatedΒ significantΒ commercial interest both from consumers (for silent onboard power generation) and from manufacturers (for a fuel cellΒ power generatorΒ to replace the battery packΒ of an electric outboard motor). Further commercial negotiations are now in progress in this sector for supplying the hydrogen generator to yacht shipyards for onboard installation in luxury yachts.
The hydrogen generator, fuel cell bicycle, andΒ 100W/200WΒ powerΒ generatorsΒ will be available for sale at the trade shows. Product shipments will be available from January 2010.
Paolo Bert, Chief Executive, Acta, commented:
"Our involvement in this programme of trade fairs is an important step in the commercialisation of our unique hydrogen generator, and will allow us to assess market demand and partnership opportunities. As previously announced, we envisage that we will achieve full commercialisation of this product by mid-2010,Β with first orders received before the end of 2009 and product shipment commencing in the first quarter of 2010."
-Β Ends -
For further information please contact:
|
Acta S.p.A: |
|
|
Paul Barritt, Chief Financial Officer |
Tel: +39 050 644281 |
|
Charles Stanley SecuritiesΒ (Nominated Adviser): |
Tel: +44 (0) 20Β 7149 6000 |
|
Russell CookΒ /Β Freddy CrossleyΒ |
Notes to Editors
About ActaΒ
Acta develops and manufacturesΒ clean technology products andΒ unique patented catalysts whichΒ have beenΒ launched to the renewable energy, automotive, battery and industrialΒ markets. Acta is also developing other commercial opportunities using its catalysts for industrial waste treatment.
Acta's catalysts and alkaline system know-how are at the heart of the Company's development of a new, high pressure water electrolyser technology which has demonstrated low cost, platinum free, high pressure hydrogen generation. Combined with a platinum free fuel cell, the system offers a solution to the problem ofΒ how to store surplus energy produced from large scale, intermittent renewable energy sources (eg wind farms). In addition, the low cost, small size and simplicity of the hydrogen generator makes it ideally suited as a recharger of commercial fuel cell applications (fuel cell bikes, electrical generators, UPS systems, etc).
Acta's catalystsΒ are also undergoing customer tests in applications such as ammonia treatment (removal of ammonia from an industrial waste stream), and zinc-air batteries (a high performance and environmentally friendly battery technology), as well as fuel cell and other applications.
Follow the stocks