Acta S.p.A. Acta secures multiple electrolyser order (0324H)
May 14 2014 - 1:00AM
UK Regulatory
TIDMACTA
RNS Number : 0324H
Acta S.p.A.
14 May 2014
Press release 14 May 2014
Acta S.p.A.
("Acta" or "the Company")
Acta secures multiple electrolyser order
Acta S.p.A. (AIM: ACTA), the clean energy products company, is
delighted to announce that it has received a repeat order for
fifteen 500L/h modular rack-mounted electrolysers from one of its
longest standing customers, M-Field Energy Ltd ("M-Field"), a
telecom back-up power fuel cell system integrator based in Taiwan.
This order follows the sale of six similar systems to M-Field
previously announced on 14 October 2013.
The electrolysers are to be integrated into telecom back-up
power systems produced by M-Field for supply to telecoms customers
within Asia and elsewhere. M-Field's back-up power system
incorporates a 2kW fuel cell stack supplied by Ballard Power
Systems Inc., which in January 2014 announced the sale of 400kW of
fuel cell stacks to M-Field. Delivery of the electrolyser units is
scheduled to take place over the next two months.
In addition, M-Field has also ordered a number of Acta's smaller
electrolyser units, which will be shipped shortly.
Fuel cell back-up power systems, incorporating Acta's
electrolyser for autonomous refuelling through onsite hydrogen
generation, offer substantial benefits to telecommunications
companies seeking to reduce the operating costs and security risks
of their current base station back-up power systems.
The receipt of this order provides strong validation of the
technical performance of Acta's system when placed on site in
real-world applications, together with a further confirmation of
the cost savings and service benefits that the Company's system can
deliver to mobile phone network operators.
As previously notified, Acta has developed its own rechargeable
fuel cell back-up power system, the Acta Power, which it has sold
to a number of telecommunication companies for live on-site
evaluations. The Company is pleased to report that two of these
evaluations have now been completed with success, with two in
progress and one awaiting start-up. The Company continues to
progress negotiations towards larger network evaluation trials with
these customers and will update the market on these developments in
due course.
Paolo Bert, Chief Executive of Acta, commented:
"Acta's unique electrolyser is at the heart of our strategy to
address new opportunities in the hydrogen energy market, both
indirectly through partners such as M-Field and directly for
back-up power, renewable energy storage, and hydrogen vehicle
refuelling applications. We are delighted to receive this new order
from M-Field, one of our leading customers, and we look forward to
supporting their growing success in this billion dollar telecom
back-up power market."
-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 ActaS.p.A.
ActaS.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.actagroup.it
This information is provided by RNS
The company news service from the London Stock Exchange
END
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