http://www.afcenergy.com/

Dawnay, Day Corporate Broking Research Note

Aim Admission Document

Yes this could get a kicking today , the three monthly report supposed to appear end of March , if it's same old stuff then woosh .

this has always been a "lock away" stock
it may or may not come good in several more years

Well a good De nora update and quarterly newsletter just need those contracts , but to buy at these levels for someone new could be bargain in 18 months .

StockMarketWire.com
AFC Energy has announced an expansion of its strategic collaboration with De Nora.

AFC Energy and De Nora announced a joint development agreement in August 2016 which was undertaken with the principal aim of targeting technological advancements to AFC Energy's fuel cell system and to further accelerate commercialisation of AFC Energy's technology platform.

AFC Energy said the intense first phase work programme agreed between the two companies had now been successfully completed and they were now expanding the collaboration.

AFC Energy and De Nora said that as part of phase 2 they expected to finalise the design of a commercial fuel cell electrode and stack during the current year for commercial application which was capable of mass automated production with warranted performance metrics.

AFC chief executive Adam Bond said: "I am delighted to announce the continuation and indeed expansion of our strategic collaboration with De Nora.

"We have been most impressed at the quality and capability of De Nora since first meeting the organisation in 2016 and since then, our two organisations have worked tirelessly in progressing the Company's fuel cell platform.

"De Nora's manufacturing know how, scale up capability and ability to warrant electrode performance further validates AFC Energy's product offering and potential global reach."

AFC Energy also said it would update shareholders at the annual general meeting today on the positive progress the company had made against the three-year accelerated plan to commercialisation for the fuel cell technology platform announced in 2015 and give an overview of advances made in delivering the AFC Energy technology platform across the past twelve months, including: - achieving a material increase in longevity to the fuel cell stack and electrode performance without a necessary reduction in power and closing in on 2,000 hours of continuous operation at stack level;

- significant reduction in electrode failure rate;

- the importance of reducing hydrogen grade acceptance into the fuel cell system without compromising performance;

- consistent test results showing fuel cell availability over the internal 90% target

This looks more like the sort of news we need , todays RNS sounds good let's hope there's more to come .

peeps having been saying that about AFC for 2/3 years and will need to keep believing for at least another 4/5 years, meanwhile hoping the company does not collapse

AFC Energy Extends Presence into European Power Market at the Covestro Industrial Park Brunsbüttel

AFC Energy is pleased to announce it is expanding its position into the German power market following commencement of engineering works for the deployment of an initial 1MW proprietary fuel cell system at the Covestro Industrial Park Brunsbüttel, owned by the Covestro Deutschland AG ("Covestro").

Preliminary engineering work commenced in Brunsbüttel, Germany, on the 6th April 2017 with representatives from Covestro (formerly Bayer Material Science), plantIng GmbH ("plantIng") and AFC Energy present.

The engineering work, designed to review whole of system engineering, integration and project costing, is being led by AFC Energy and is framed around the installation of an initial 1MW alkaline fuel cell system at the Brunsbüttel site with hydrogen sourced from Covestro's hydrogen grid. Power generated would be sold into the local power grid under long term power purchase agreements. Proximity of the Company's fuel cell system to the hydrogen source also offers the potential to materially expand the project in due course.

This scheme is very much consistent with AFC Energy's focus on partnering with large energy intensive industrial partners to utilise surplus industrial grade hydrogen from localised facilities to generate long term, clean power with a resultant reduction in environmental greenhouse emissions.

Importantly, work conducted in recent months at AFC Energy to demonstrate acceptance of lower industrial grade hydrogen in the fuel cell, together with the material improvements evidenced in fuel cell longevity, power output and stack design, are all critical to the initiation of this project. It further validates the importance of these technical breakthroughs for AFC Energy in advancing commercial deployment opportunities.

The engineering work underway includes assessment of:

· the utilisation of hydrogen from Covestro´s hydrogen sources to generate an initial 1MW of power using AFC Energy's fuel cell systems;

· potential further expansion of the fuel cell plant into a larger-scale commercial installation and power output therefrom; and

· integration of the Company's fuel cell system with other innovative third party technologies.

The review will be conducted over several months with input from all partners.

Mr Adam Bond, AFC Energy's Chief Executive Officer, said: "AFC Energy is pleased to strengthen our position in the German power market at Covestro Industrial Park Brunsbüttel. Covestro and AFC Energy have been in dialogue for much of 2016 with regards the potential siting of an AFC Energy fuel cell system at the Brunsbüttel facility, one of the largest of Covestro's 30 industrial parks around the world, and we hope to see this relationship extend over many years and be a catalyst that will drive momentum behind fuel cell deployment not only in Germany, but also the rest of Europe."

New RNS strengthening the Board , let's HOPE that they are gearing up for something good soon , otherwise why add to the board .

dismal sums up this one
i have some tucked away in my sipp where it is classed among the stinkers

I'm trying to keep my chipper up .

Interim results out , getting closer to the crunch time , but encouraging .

nothing encouraging about AFC at all i'm afraid

So you keep saying , do you actually read any part of results etc .

StockMarketWire.com
AFC Energy's operating losses fell to £2.7m in the six months to the end of April- down from £3.8m last time.

And the group said it was on track to reach initial demonstration of a commercially deployable fuel cell by the end of this year.

The company reported net cash inflow in the six-months to 30 April of £5.5 million (30 April 2016: £1.1 million net outflow) as a result of its careful control of operating and capital costs, and the successful fundraise which raised a total of £8.1 million, gross.

Chief executive Adam Bond said: "I am extremely pleased with the very strong technical progress made by AFC Energy during the first six months of this year, particularly underpinned by the collaboration agreement with De Nora.

"The company has a strengthened balance sheet following the fundraise in March 2017, has commenced engineering studies on deployment projects, and strengthened its leadership team, positioning the company well for the aggressive work programme set for initial demonstration of commercial operating parameters by the end of 2017."

I'm only down 71% here!

I hate this share!😃

Is that called skinny dipping , skippy . I'm in the pain barrier too .

I think the chart speaks for itself.....we are all here to make money from our investment and it appears none of us are! I only have a small stake but wish I didn't have one at all.

I'm thinking of posing as a potential buyer of the product and getting the lowdown , wrong word maybe , if you don't hear from me .

AFC reminds me of the Stanelco days, even had the same CEO Ian Balchin!