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Ceramic Fuel Cells Full-Year Sales Jump 43%, Needs Higher Levels

Ceramic Fuel Cells Ltd. (CFU), a maker of clean-energy technology for homes and businesses, said it needs higher unit sales to sustain the business even after a 43 percent increase in volumes in the year ended June 30.

The Australian company sold 210 units in the year, up from 147 units a year earlier, it said today in a statement.

Ceramic Fuel Cells makes small-scale power generators using fuel-cell technology that converts natural gas into heat and electricity for homes and small commercial buildings. It sold 71 of its BlueGEN units in the June quarter.

“Whilst this is a substantial improvement on the March quarter’s 15 units, the company has previously acknowledged that this level of sales will not sustain the business and is focusing its limited sales resources on large, project-based sales in both the U.K. and Europe,” the company said.

It’s pursuing strategic partnerships with distribution partners in Europe, Asia and North America and confident of gaining orders in the “near future” as a result, it said.

To contact the reporter on this story: Louise Downing in London at ldowning4@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Tony Barrett, Alastair Reed

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