TIDMACTA
RNS Number : 6300Y
Acta S.p.A.
28 January 2014
Press release 28 January 2014
Acta S.p.A.
("Acta" or "the Company")
Trading and business update
Acta S.p.A. (AIM: ACTA), the clean energy products company,
announces a trading and business update ahead of the publication of
its results for the year ended 31 December 2013.
Current Trading
-- Rapid development in customer trials for the Acta Power
system with strong levels of commercial interest
-- Five Acta Power units sold: two tested, approved and
installed on live sites for final evaluation, two tested and
approved with live site evaluation due to commence shortly and one
being used for demonstration purposes
-- CE Certification for the Acta Power secured ahead of
year-end, in readiness for commercial roll-out
-- Larger "network evaluations" of the Acta Power system are
currently under negotiation. Initial network installations are
expected to be typically of 50 to 150 units per customer network
with up to 50 units in the first call-down
-- Based on the timing indications received from Acta's
partners, it is anticipated that the first telco approved product
certifications for the Acta Power will be granted early in the
second quarter of 2014, with network evaluation contracts to follow
shortly thereafter
-- Further expansion of Acta's production facility underway
targeting capacity of 40 Acta Power units per month for H2 2014
-- 2013 revenue is expected to be in excess of EUR400,000, well
ahead of comparable revenues from products and research services in
2012 (EUR233,000), despite slower than forecast sales
conversions
-- Expected operating loss in the region of EUR1.2 million
(including share option cost reversal of EUR2.4 million as
previously announced)
-- Year end cash of EUR2.1 million
Summary and Outlook
Paolo Bert, Chief Executive Officer, commented:
"The launch of the Acta Power system in 2013 has been a
significant milestone for the Company and has enhanced Acta's brand
profile in the marketplace and greatly increased its commercial
opportunities. The system performs well and is gaining recognition
for the unique benefits that it offers. Customer evaluations and
system trials are proceeding with considerable success,
notwithstanding delays due to customer installation procedures and
logistical requirements.
The Company's key activities now range across the back-up power
and renewable energy storage sectors together with electrolyser
sales into a number of different applications. We continue to focus
on high volume applications with strong economic drivers, and
believe that the coming year will see substantial progress in the
adoption of our products through our growing network of customers
and commercial partners."
The Preliminary Results announcement is expected to be made on
or around 26 March 2014.
-ENDS-
For further information please contact:
Acta S.p.A. Tel: +39 050 644281
Paolo Bert, Chief Executive www.actaspa.com
Officer
Paul Barritt, Chief Financial
Officer
Altium Capital (Nominated Tel: +44 (0)845 505 4343
Advisor)
Adrian Reed / Dom Orsini
Cantor Fitzgerald Europe Tel: +44 (0)20 7894 7000
(Broker)
Mark Percy / David Banks
/ Paul Jewell
Media enquiries:
Kreab Gavin Anderson (Financial Tel: +44 20 7074 1800
PR)
Robert Speed / Christina www.kreabgavinanderson.com
Clark / Ross Gillam
About Acta S.p.A.
Acta S.p.A. is a developer and manufacturer of a range of clean
energy products. Based on its world-leading expertise in alkaline
membrane technology, the Company has developed a unique range of
low-cost, compact hydrogen generators (electrolysers) which produce
pure, dry compressed hydrogen at high efficiency from renewable or
grid power.
In April 2013 Acta launched the Acta Power, an integrated
electrolyser and fuel cell system for use in back-up power and
renewable energy storage applications. Best understood as a
"Hydrogen Battery", the system converts energy from renewable or
grid power when it is available and stores it in the form of
hydrogen, and then converts the hydrogen back to electrical power
when needed due to grid black-out or lack of solar / wind
power.
This system has extensive application as a back-up power unit
for telecommunications base stations, where it competes on cost
against traditional battery and diesel solutions, while offering a
cleaner solution and better service. In particular, the use of
rainwater and the generation of hydrogen on-site removes the cost
and logistical barriers of fuel delivery, while also avoiding the
theft risk associated with diesel, methanol and battery
systems.
The supply of fuel cell back-up power systems for
telecommunications base stations represents a large and
fast-growing market, especially in extensively bad-grid and
off-grid locations such as in Asia and Africa. Battery sales to the
Chinese telecoms industry are currently valued at $4.7 bn to $7.8
bn per annum (Fuel Cell Today, China).
Acta holds a portfolio of patents and patent applications on its
key technologies, manufactures its products through a combination
of production, component subcontracting, and final product assembly
and quality control, and has established distribution channels
through partnerships in China, India, SE Asia, Australia, Africa,
Middle East, Germany, UK, USA and South America.
Acta S.p.A. is based near Pisa, Italy, and was admitted to
trading on AIM in October 2005.
www.actaspa.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPGUUPGUPCGRM
Acta (LSE:ACTA)
Historical Stock Chart
From Feb 2025 to Mar 2025
Acta (LSE:ACTA)
Historical Stock Chart
From Mar 2024 to Mar 2025
