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500 hour prototype operation

29 Feb 2008 07:01

AFC Energy Plc29 February 2008 AFC Energy plc Durability of fuel cell proven with 500 hour operation of prototype fuel cell AFC Energy plc, ("AFC Energy" or the "Company"), the low cost alkaline fuel cellcompany that focuses on industrial markets, is pleased to announce that it hassuccessfully achieved its fifth technological milestone; 500 hours operation ofits prototype system. The successful running of AFC Energy's prototype fuel cell confirms thedurability and stability of the system after prolonged operation. Two prototypessystems were tested at the same time, both provided similar and consistentsatisfactory performances. These results combined form over 1,000 hours oftesting, validating the reliability of the prototype. This milestone has been achieved within the projected timescale described in theCompany's Admission Document of April 2007. The 500 hour operation is a significant development in the run up to beginningshipment to the Company's customer, Akzo Nobel, who will use AFC Energy's fuelcells to generate clean energy from the hydrogen it produces as a by-product.The prototype provides valuable operating data which will be used to assist thesuccessful integration of the fuel cells into Akzo Nobel's complex operatingsystems. Akzo Nobel is the fourth-largest company in the chlorine manufacturing industry.The directors of AFC Energy estimate that the global chlorine industry producesapproximately 1.6 million tones of hydrogen every year. Fundamental to ensuring AFC Energy's fuel cells reach commercial viability hasbeen the reduction in the system's costs. As part of this process, AFC Energyhas eliminated the need for the life of electrodes to exceed 8,000 hours bymaking them easily replaceable and recyclable by housing them in a series ofexchangeable cartridges. Multiple cartridges assembled together will form a 3.5kW system. Initially five3.5kW systems have been ordered, with delivery scheduled to start in August 2008to Akzo Nobel's site in Bitterfeld, Germany. Gerard Sauer, Chief Executive, AFC Energy plc, said: "This is the penultimate milestone prior to the delivery of commercial units toAkzo Nobel in August 2008 and it is extremely satisfying to have reached thispoint ahead of schedule. "Through the cartridges that house the electrodes, we have developed a 'plug andpower' system that is easy to maintain, ensures the viability of our fuel cellsand makes mass production a more simple operation. "AFC Energy is now well positioned to become a real force in providingindustrial companies with solutions that allow them to re-use hydrogen torecover energy costs and contribute to their own profitability." Tim Yeo, Chairman, AFC Energy plc, said: "For fuel cells and any other type of renewable energy to be viable, it isessential they can compete with existing sources of power generation. "AFC Energy has always adopted a strategy of identifying the application andthen developing the solution. With the industrial sector's huge energyrequirements it remains the focus for the Company. It is extremely pleasing thatthe Company's prototype is performing and can be manufactured at a marketablelevel. We remain confident about the prospects for AFC Energy." - Ends - For further information please visit www.afcenergy.com or contact: AFC Energy plc 01483 276 726 Gerard Sauer, Chief Executive Blue Oar Securities 020 7448 4400 Shane GallweyJerry Keen Madano Partnership 020 7593 4000 Mark Way / Graham Moonie This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
21st Sep 20164:37 pmRNSPrice Monitoring Extension
26th Aug 20164:30 pmRNSDirectorate Change
19th Aug 20165:00 pmRNSIssue of Equity and PDMR Dealing
15th Aug 20167:00 amRNSAFC Energy Launches New Brand Identity
11th Aug 20164:41 pmRNSSecond Price Monitoring Extn
11th Aug 20164:36 pmRNSPrice Monitoring Extension
10th Aug 20164:41 pmRNSSecond Price Monitoring Extn
10th Aug 20164:37 pmRNSPrice Monitoring Extension
5th Aug 20167:00 amRNSStrategic Technology Collaboration with De Nora
6th Jul 201612:00 pmRNSIssue of Equity and Director Dealing
6th Jul 20167:00 amRNS10kW Fuel Cell System Update
30th Jun 201612:09 pmRNSSecond Price Monitoring Extn
30th Jun 201612:04 pmRNSPrice Monitoring Extension
30th Jun 20167:00 amRNSQuarterly Newsletter
16th Jun 20167:00 amRNSReceipt of ?2.052m from Joint Undertaking
2nd Jun 20167:00 amRNSInterim Results
19th May 20169:45 amRNSIssue of Equity and Notice of Interim Results
28th Apr 20162:09 pmRNSResult of AGM and Grant of Options
21st Apr 20167:00 amRNSCompletion of Lanstead Agreement
18th Apr 201611:59 amRNSIssue of Equity
12th Apr 20164:43 pmRNSSecond Price Monitoring Extn
12th Apr 20164:37 pmRNSPrice Monitoring Extension
4th Apr 20165:38 pmRNSPosting of Accounts
31st Mar 20162:22 pmRNSQuarterly Newsletter
24th Mar 20167:00 amRNSFinal Results and Notice of AGM
1st Mar 20167:00 amRNS2016 Strategic Milestones
24th Feb 20166:12 pmRNSReplacement Notice of Results
24th Feb 20167:00 amRNSNotice of Results and Receipt of Funding
19th Feb 20167:00 amRNSStrategic Partnership Agreement
1st Feb 20167:07 amRNSAFC Energy Achieves Milestone Power Output
28th Jan 20167:00 amRNSAppointment of Nominated Adviser and Joint Broker
26th Jan 201610:28 amRNSHolding(s) in Company
22nd Jan 20167:00 amRNSDirector Dealing
22nd Jan 20167:00 amRNSScale back of Applications
20th Jan 201612:37 pmRNSCorrection: Result of Shareholder Offer
18th Jan 20167:00 amRNSResult of Shareholder Offer
24th Dec 20157:00 amRNSQuarterly Newsletter
23rd Dec 20152:52 pmRNSPosting of Circular
23rd Dec 201510:54 amRNSHolding(s) in Company
21st Dec 20157:00 amRNSDirector/PDMR Shareholding
17th Dec 20152:13 pmRNSSubscription and Shareholder Offer
14th Dec 20157:00 amRNSCommencement of KORE Pre-Commissioning in Germany
1st Dec 20157:00 amRNSAppointment of Auditors
1st Dec 20157:00 amRNSTotal Voting Rights Correction
24th Nov 20158:30 amRNSAFC Investor Day Presentation
24th Nov 20157:00 amRNSAFC and Dutco Sign Heads of Agreement
17th Nov 20157:00 amRNSHeads of Agreement with Global Manufacturer
13th Oct 20154:24 pmRNSGrant of Share Options
12th Oct 20157:00 amRNSAFC's KORE Fuel Cell System Achieves Milestone 10
7th Oct 20157:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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