Last checked at 16 Apr 2009 14:40
16 April 2009
AFC Energy Plc ("AFC Energy" or the "Company")Update on AkzoNobel project and Results of AGM
AFC Energy PLC, the low-cost fuel cell company, is pleased to announce that AkzoNobel has taken delivery of an AFC 3.5kW Fuel Cell system at its Bitterfeld site in Germany today, and this fuel cell system is now in the process of being installed.
Over the past few months the AFC fuel cell system has been improved significantly through better manufacturing processes and more robust quality processes. This first delivery is to test the installation methodology and system integration. It is being commissioned with dummy electrodes at this point. Once these tests are completed the fuel cell will have standard electrodes installed in order to start generating electricity.
AFC will provide a further update when these stages have been completed.
The next significant phase will be to bring its fuel cell system to full commercial operation at Bitterfeld and then deliver further fully operational cells.
Ian Balchin, AFC Energy's Managing Director said:
"This is a significant achievement, and an important step in the roll-out programme of our fuel cells. We have been working with AkzoNobel to develop a low cost fuel cell system and have greatly enhanced the design over the past few months. It is very important to us that we deliver a quality product that demonstrates the full potential of the AFC technology. We are very excited about working with AkzoNobel to bring the fuel cell system to full commercial operation."
AFC Energy is also pleased to announce that at the Company's annual general meeting held today, all resolutions put to the meeting were duly passed.
For further information please visit www.afcenergy.com or contact:
| AFC Energy plc Tim Yeo, Chairman Ian Balchin, Managing Director | 01483 276726 |
| Blue Oar Securities Shane Gallwey / Toby Gibbs | 020 7448 4400 |
| Pelham Public Relations Chelsea Hayes/ Tara Owen-Smith | 020 7337 1523 |