Ceres Power Holdings plc Ceres Power and Honda Sign New JDA (1028M)
January 18 2016 - 1:00AM
UK Regulatory
TIDMCWR
RNS Number : 1028M
Ceres Power Holdings plc
18 January 2016
18 January 2016
Ceres Power Holdings Plc
("Ceres Power" or the "Company")
CERES POWER AND HONDA SIGN NEW JOINT DEVELOPMENT AGREEMENT
Ceres Power Holdings PLC (AIM:CWR), is pleased to announce that
it has signed a new Joint Development Agreement with Honda R &
D Co Ltd ("Honda") to jointly develop Solid Oxide Fuel Cell stacks
using Ceres Power's unique metal supported Steel Cell technology
for a range of potential power equipment applications.
The Ceres Power and Honda joint development will also include a
third party who will consider the future mass production scale-up
of the Steel Cell technology based on Ceres Power's manufacturing
processes which represents an important advancement in the
relationship.
This 2 year contract will allow the parties to build upon the
successful previous Joint Development Agreement announced on 29
October 2014 and represents a deepening of the relationship between
Honda and Ceres Power.
Phil Caldwell, Chief Executive of Ceres Power commented:
"This latest agreement with Honda represents a huge endorsement
of our Steel Cell technology, in the world's most advanced fuel
cell market. We are demonstrating that we can successfully deliver
on our strategy of embedding our Steel Cell technology into a
variety of different power products and markets with the world's
leading companies. We look forward to continuing to work with Honda
to meet their high standards for performance quality and
supply."
Ceres Power Holdings plc Tel: +44 (0)1403
Phil Caldwell, CEO 273 463
Richard Preston, CFO
Zeus Capital (Nominated Tel: +44 (0) 20 3829
Adviser and Broker) 5000
Phil Walker / Andrew Jones
Tavistock Tel: +44 (0) 20 7920
Mike Bartlett/James Collins 3150
Notes to Editors:
About Ceres Power
Ceres Power (http://www.cerespower.com/) is a world leader in
low cost, next generation fuel cell technology for use in
distributed power products that reduce operating costs, lower CO2,
SOx and NOx emissions, increase efficiency and improve energy
security. The Ceres unique patented Steel Cell technology generates
power from widely available fuels at high efficiency and is
manufactured using standard processing equipment and conventional
materials such as steel, meaning that it can be mass produced at an
affordable price for domestic and business use.
www.cerespower.com
ENDS
This information is provided by RNS
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