Last checked at 11 Apr 2012 16:10
11 April 2012
AFC Energy PLC
("AFC Energy" or the "Company")
Result of AGM
AFC Energy (AIM: AFC), a leading developer of low-cost alkaline fuel cell technology for industrial applications, is pleased to announce that, at the Company's Annual General Meeting today, all resolutions were duly passed.
A copy of the presentation given to shareholders at the Annual General Meeting by Ian Williamson, CEO, will be available on the Company's web site www.afcenergy.com.
For further information, please contact:
AFC Energy plcIan Balchin, Deputy ChairmanIan Williamson, Chief Executive David Marson, Finance Director | +44 (0)1483 276726
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Allenby Capital Limited Jeremy Porter James Reeve | +44 (0)20 3328 5656 |
Luther Pendragon Neil Thapar Leigh Marshall Alexis Gore | +44 (0)207 618 9100
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About AFC Energy
Founded in 2006, AFC Energy plc is re-engineering proven alkaline fuel cell technology to reduce the cost of electricity. Alkaline fuel cells have been used on US and Russian manned space missions for decades to provide electrical power and drinking water. By using modern materials, design tools and manufacturing processes at scale, AFC Energy is developing fuel cells that will compete with conventional technologies such as turbines for electrical power generation. Today, AFC Energy is pursuing opportunities in several sectors where hydrogen is readily available including the chlorine, clean coal and waste-to-energy industries as well as applications for distributed/back-up power. For further information, please visit our website: www.afcenergy.com.
About fuel cells
A fuel cell is a device that produces electricity, heat and water by reacting a hydrogen-rich fuel with oxygen. Conventional engines and turbines combust fuel to produce mechanical energy prior to generating electricity. The direct generation of electricity allows fuel cells to be highly energy efficient. There are several different types of fuel cell, each with its own characteristic but they are all based around a common central design. Fuel cells are increasingly being deployed for applications ranging from vehicles, domestic boilers, powering portable equipment and large scale power stations.