Acta S.p.A. (ACTA) - AIM Rule 17 Disclosure
RNS Number : 9416Q
13 November 2012
("Acta" or the "Company")
AIM Rule 17 Disclosure
Pursuant to the requirements of AIM Rule 17, Mr Rodney Westhead, Non Executive
Director of the Company, has notified Acta that AEA Technology plc, a company
of which he is a director, has been placed into administration.
For further information please contact:
Paul Barritt, Chief Financial Officer Tel: +39 050 644281
Altium Capital (Nominated Advisor)
Adrian Reed Tel: +44 845 505 4343
Seymour Pierce Limited (Broker) Tel: +44 (0)20 7107 8000
Mark Percy / David Banks
Abchurch Communications Limited Tel: +44 20 7398 7719
Ashleigh Lezard / Jamie Hooper www.abchurch-group.com
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. They are also applicable
in non-fuel cell hydrogen and oxygen applications, including oxy-hydrogen gas
welding systems, where the Company is generating significant commercial
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
This information is provided by RNS
The company news service from the London Stock Exchange
MSCFFUFAEFESEFF -0- Nov/13/2012 07:00 GMT
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