http://www.afcenergy.com/

Dawnay, Day Corporate Broking Research Note

Aim Admission Document

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!

Oh great.....now you tell me!!! ;o)

Sorry!😁

re - we are all here to make money from our investment and it appears none of us are!

well, that is the reason I only take punts from time to time, when they are well oversold and volume on them.

Some very good return some time back, but the last two there was not much to take home, so not more punts for the moment being.

Long term jam tomorrow, never comes in this share it seems

concur with that though i have a few tucked in the bottom drawer of my sipp
the concept was always good, but as so often with early birds, they never get to where they hoped

RNS with the quarterly newsletter update today , if you read it , it has good info regards what's going on there , obviously things must come together to be a success but i think looking better .