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Pin to quick picksAFC Energy Regulatory News (AFC)

Share Price Information for AFC Energy (AFC)

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Selection of Flow Plate Mass Manufacturer

19 Mar 2019 07:00

RNS Number : 2168T
AFC Energy Plc
19 March 2019
 

 

19 March 2019

 

AFC Energy PLC

 

("AFC Energy" or the "Company")

 

AFC Energy Selects Advanced Plastics as Preferred Tenderer for Fuel Cell Flow Plate Mass Manufacture

 

 

AFC Energy (AIM: AFC), the leading alkaline fuel cell power company, today announces the selection of UK based Advanced Plastics Ltd as Preferred Tenderer in the mass manufacture of flow plates for use within the Company's proprietary alkaline fuel cell system.

 

Following a global tender, Advanced Plastics Ltd presented a very strong technical proposal which demonstrated innovation in the mass manufacturing process at a price point which was most competitive amongst its peers.

 

Finalisation of the flow plate design, necessary to regulate the flow of gases and liquids within the AFC Energy fuel cell system, follows months of computational fluid dynamics modelling and validation testing at the Company's Surrey offices. The next step is to integrate the AFC Energy design work into a mass manufacturable product and to work with a partner to bring their own expertise and capability to the final flow plate deliverable.

 

Advanced Plastics provide a diverse range of technical injection moulded products for blue chip clients across a range of market sectors and are an ideal UK based partner to support AFC Energy's commercialisation efforts.

 

Adam Bond, Chief Executive Officer at AFC Energy, said "We are pleased to be working with a local partner in the mass manufacture of a key component of our fuel cell system. The innovation and expertise Advanced Plastics bring to the table have allowed us to further enhance our plate design making the process of mass manufacture all the more achievable in meeting our expected needs. We look forward to working with Advanced Plastics as a new key supplier to AFC Energy's fuel cell system."

 

Chris Pearson, Joint Managing Director and Shareholder of Advanced Plastics Ltd said "Since first meeting representatives of AFC Energy on our stand at Interplas in September 2017 we have applied our design, materials and manufacturing knowledge to progress from a solid concept to producing physical samples of a production feasible design. We are now delighted to be in the running for the next phase of the project which will see us utilise 2K injection moulding and linear vibration welding to produce this important element of the fuel cell system, taking us into an exciting new market sector." 

 

For further information, please contact:

AFC Energy plc

Adam Bond (Chief Executive Officer)

 

 

+44 (0) 20 3697 1209

Cantor Fitzgerald Europe Nominated Adviser and Joint Broker

David Foreman

Richard Salmond 

 

+44 (0) 20 7894 7000

M C Peat & Co LLP Joint Broker

Charlie Peat

 

+44 (0) 20 7104 2334

 

TUVA Partners - Public Relations

James Kennedy

 

 

+44 (0) 7809 495 759

 

 

About AFC Energy

 

AFC Energy plc is commercialising a scalable alkaline fuel cell system, to provide clean electricity for on and off grid applications. The technology, pioneered over the past ten years in the UK, is in the process of being deployed in industrial gas plants for grid generation, as an alternative to diesel generators for localised power, in energy storage systems and as the power source for local electricity needs.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
NRADVLFFKXFXBBF
Date   Source Headline
13th Nov 20192:41 pmRNSDirector/PDMR Shareholding
13th Nov 20197:00 amRNSHolding(s) in Company
11th Nov 20197:00 amRNSAnionic exchange membrane update
7th Nov 20197:00 amRNSHigh Power Density Alkaline Fuel Cell Update
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9th Sep 20197:00 amRNSDirectorate Change
9th Sep 20197:00 amRNSChange of Adviser
29th Aug 20197:00 amRNSExtension of Joint Development Agreement
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26th Jul 20197:00 amRNSHalf-year Report
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20th May 20197:00 amRNSAmmonia Integration
3rd May 20197:01 amRNSHolding(s) in Company
3rd May 20197:01 amRNSHolding(s) in Company
3rd May 20197:00 amRNSHolding(s) in Company
1st May 201912:00 pmRNSResult of AGM
30th Apr 20197:00 amRNSCollaboration Agreement
25th Apr 20197:00 amRNSPosting of Annual Report and Accounts
24th Apr 20197:00 amRNSHolding(s) in Company
12th Apr 20197:15 amRNSUnaudited Preliminary Results
12th Apr 20197:01 amRNSSubscription
12th Apr 20197:00 amRNS£4 million Convertible Bond Facility
9th Apr 20197:00 amRNSNew High-Power Density Alkaline Fuel Cell
5th Apr 201910:46 amRNSAIM Rule 17 Notice
5th Apr 20197:00 amRNSNotice of AGM
19th Mar 20197:00 amRNSSelection of Flow Plate Mass Manufacturer
22nd Jan 20191:41 pmRNSExercise of Options and Total Voting Rights
17th Jan 20197:00 amRNSWorld first hydrogen electric vehicle charger
15th Nov 20187:00 amRNSCommercial Update
12th Nov 20184:40 pmRNSSecond Price Monitoring Extn
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24th Oct 20183:44 pmRNSGrant of Options and Director Dealing
5th Sep 20187:00 amRNSAFC Energy joins Hydrogen Council
26th Jul 20187:00 amRNSSouthern Oil Refinery Update
16th Jul 20187:00 amRNSHalf-year Results
12th Jul 20187:00 amRNSSouthern Oil Contract
12th Jun 20184:43 pmRNSSecond Price Monitoring Extn
12th Jun 20184:38 pmRNSPrice Monitoring Extension
30th May 201812:03 pmRNSPrice Monitoring Extension

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