Acta S.p.A. (ACTA) - First Orders Received for 1m3 Electrolyser Stacks
RNS Number : 1547P
22 October 2012
Press Release 22 October 2012
("Acta" or "the Company")
First Orders Received for 1m^3 Electrolyser Stacks
Acta S.p.A. (AIM: ACTA), the clean energy products company, is pleased to
announce that it has received the first two orders for its 1m^3/hour hydrogen
generator stack. This is largest electrolyser stack unit currently produced
by Acta, and is sold at a list price of €9,500 each.
The first of the orders is from the Spanish National Research Centre for
Energy, Environment and Technology (CIEMAT). The centre is a public research
organisation and part of the Spanish Ministry of Research, Development and
Innovation. It focuses primarily on environmental and energy technologies,
working closely with other national R&D institutions, universities and
companies to support the industrial application of technologies for the
achievement of environmental and social objectives.
The second order is from a German electrolyser manufacturer which is seeking
to integrate Acta's hydrogen generator stack into its product range.
Deliveries of these two orders are scheduled for December 2012 and the Board
believes that the two customer evaluations due to be carried out
simultaneously by the national research institution and an industrial customer
will provide important technical and commercial validation of Acta's
breakthrough technology and may give rise to significant commercial
opportunities. The Company is currently negotiating a number of additional
sales proposals for its 1m^3 electrolyser stacks.
For further information please contact:
Paul Barritt, Chief Financial Officer Tel: +39 050 644281
Altium Capital (Nominated Advisor) Tel: +44 845 505 4343
Adrian Reed / Dominic Orsini
Seymour Pierce Limited (Broker) Tel: +44 (0)20 7107 8000
Mark Percy / David Banks
Abchurch Communications Limited Tel: +44 20 7398 7712
Ashleigh Lezard / Shabnam Bashir / Jamie Hooper www.abchurch-group.com
Notes to Editors:
About Acta S.p.A.
Acta S.p.A. is a developer and manufacturer of a range of clean energy
products. Its product line includes market-leading compact hydrogen
generators (electrolysers) which produce pure, dry and compressed hydrogen in
a way that is easy-to-use and completely safe, and the Company is committed to
integrating its award-winning electrolysers with renewable energy sources.
Acta's cost-competitive electrolysers are based on its proprietary,
inexpensive environmental catalyst and hydrogen conversion technologies.
These products help overcome the barriers to the adoption of fuel cells, most
notably the lack of a local hydrogen infrastructure.
Acta's low-cost hydrogen generators represent a unique breakthrough in
electrolyser technology. They can operate using mains power or intermittent
renewable energy, and produce clean, dry hydrogen already at pressure for use
in fuel cell and other applications. This unique combination of features
avoids the system complexity and energy cost of further cleaning, drying and
compression of the hydrogen, resulting in a simple, compact, low-cost and
highly efficient system that is ideally suited for energy conversion and
storage applications. In such applications, which include battery replacement
and renewable energy storage, low cost and high efficiency are critical to
commercial viability, while hydrogen compression is essential for the energy
density of the system. No other water electrolyser currently on the market
offers this combination of benefits.
Acta is focusing on delivering its products to markets with high volume demand
for high-value environmental solutions (transport, back-up power, energy and
leisure). It is accelerating the commercialisation of its products via
partnerships with original equipment manufacturers (OEMs), distributors, and
agents in these sectors, and intends to drive down production costs at high
volume via contract manufacturing.
Acta S.p.A. is based near Pisa, Italy, and was admitted to trading on AIM in
Formed in 1951 as the Nuclear Energy Board (JEN), CIEMAT conducts R & D in the
area of energy. At present the main lines of action are the study,
development, promotion and optimization of various energy sources including
renewables, fusion, fission and fossil fuels, the study of their impact on the
environment, and the development of new technologies, as well as key research
areas such as high energy physics and bio-medicine.
CIEMAT's mission is to contribute to sustainable development in Spain and the
quality of life of its citizens through the generation and application of
scientific and technological knowledge, and its objective is to maintain a
position as a centre of excellence in the scientific and technical areas in
which it operates.
CIEMAT is geographically diversified with a team of some 1,400 people. While
a significant part of the staff is based at the headquarters in Madrid, staff
also work in Andalusia at the Plataforma Solar de Almería (PSA), a large
internationally recognized scientific facility in solar technologies; at the
Centre for Renewable Energy Development (ASSIGN) and the International Centre
for Environmental Law (Cieda) in Soria; at the Extremadura Center for Advanced
Technologies (CETA) located in Montreal; and at Barcelona at the
Sociotechnical Research Center (CISOT).
This information is provided by RNS
The company news service from the London Stock Exchange
MSCMLBFTMBABBPT -0- Oct/22/2012 06:00 GMT
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