Last checked at 30 Jun 2009 07:00
30 June 2009
Ceres Power Holdings plc
('Ceres Power', 'Ceres' or the 'Company')
Ceres confirms receipt of £2m Alpha CHP payment from British Gas
Ceres Power announces that it has received the payment of £2 million from British Gas for the successful design, build and testing of a number of 1kW grid-connected Combined Heat and Power ("CHP") products meeting all of the deliverables under the Alpha phase of the CHP programme. The Company expects to end its financial year on 30th June 2009 with net cash and short-term investments of at least £22 million. The Company will announce its full year preliminary results in September 2009.
For further information contact:
| Ceres Power Holdings plc | Tel. +44 (0)1293 400 404 |
| Peter Bance, Chief Executive Officer/ Rex Vevers, Finance Director | |
| Morgan Stanley | Tel. +44 (0)20 7677 5044 |
| Alisdair Gayne/Jon Bathard-Smith | |
| Kreab & Gavin Anderson | Tel. +44 (0)20 7554 1400 |
| Ken Cronin/Deborah Walter/Robert Speed |