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Repeat Orders and Commercial Update

8 May 2013 07:00

RNS Number : 1822E
Acta S.p.A.
08 May 2013
 



 

 

Press Release

8 May 2013

 

Acta S.p.A.

 

("Acta" or "the Company")

 

 

 

Repeat Orders and Commercial Update

 

Acta S.p.A. (AIM:ACTA), the clean energy products company, is pleased to announce that following a successful exhibition presenting at the Hannover Messe in April 2013, the Company has received repeat orders from key clients, first orders from new clients, and developed a strong pipeline of new sales proposals. In addition a number of new commercial engagement opportunities have developed that are expected to accelerate sales and product adoption over the summer.

 

At Hannover Messe from 8 to12 April 2013 Acta exhibited its low cost hydrogen electrolyser and stack range. The Company also exhibited its new end-user product, the Acta Power, which integrates Acta's EL1000 electrolyser with a fuel cell system from FutureE Fuel Cell Solutions, based on a Ballard stack.

 

Following the exhibition Acta has received two repeat orders from an existing customer for EL500R electrolysers, a repeat order for a smaller electrolyser from Asia Pacific Fuel Cell Technologies ("APFCT"), and five confirmed orders for electrolysers and other products from new customers.

 

In addition the Company has received a large number of sales enquiries and project proposal requests from companies who were at the exhibition and has made a significant number of proposals to these enquiries. The repeat customer orders, as well as the majority of the sales enquiries, have been for applications in the area of back-up power for telecoms base stations or domestic renewable energy storage, for which the Company's electrolysers and the new Acta Power system are ideally suited.

 

The APFCT order relates to hydrogen refueling of light electric vehicles. At the end of May 2013 Acta is also scheduled to ship an EL1000R electrolyser, the Company's largest product, to APFCT for installation in the Taiwanese government fuel cell scooter project in the Kenting region of Taiwan.

 

During the Hannover Messe Acta was also invited to join the Canadian Hydrogen Fuel Cell Association. The potential for Acta's product range in Canada is significant due to the many remote locations in the country and the high logistical cost of fuel transportation for back-up power systems. Acta is now proud to announce its membership of the Canadian Hydrogen Fuel Cell Association and has confirmed that it will participate in the Hydrogen and Fuel Cells conference in Vancouver from 16-19 June 2013.

 

Finally, following the high level of commercial interest encountered for the Acta Power amongst telecom companies at the Hannover Messe and in general among its customers, Acta has also confirmed that it will exhibit at CommunicAsia, Asia's largest telecommunications technology trade fair, in Singapore from 18-21 June 2013.

 

 

-Ends-

 

 

For further information please contact:

 

Acta S.p.A

Paul Barritt, Chief Financial Officer

 

 

Tel: +39 050 644281

www.actagroup.it

 

Altium Capital (Nominated Advisor)

Adrian Reed / Dom Orsini

 

Tel: +44 (0)845 505 4343

 

Cantor Fitzgerald Europe (Broker)

Mark Percy / David Banks

 

 

Tel: +44 (0)20 7894 7000

 

 

 

 

 

Media enquiries:

 

Abchurch Communications Limited

Janine Brewis / Shabnam Bashir / Jamie Hooper

 

 

 

Tel: +44 20 7398 7707

www.abchurch-group.com

 

 

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, and the Company is committed to integrating its award-winning electrolysers with renewable energy sources.

 

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. They are also applicable in non-fuel cell hydrogen and oxygen applications, including oxy-hydrogen gas welding systems, where the Company is generating significant commercial interest.

 

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

 

www.actagroup.it

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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