Soon to be in mass production...the technology works like no other

RNS Number:0376N Ceres Power Holdings plc 01 December 2006


Ceres Power Holdings plc
('Ceres', 'Ceres Power' or the 'Company')



Technical Update: Key Performance and Durability Targets Achieved


Ceres Power, the AIM-quoted fuel cell group, is today providing an update on the progress achieved in the development of its unique patented fuel cell technology. Ceres' continued focus is to utilise its technology to deliver a set of commercially viable products that can be mass manufactured and meet a clear market need.

Rigorous testing of the fuel cell stacks has demonstrated that the required levels of durability and performance can be delivered for the market applications it is targeting, namely domestic combined heat and power (CHP) boilers, off-grid generators and auxiliary power units (APUs).


SUCCESSFUL COMPLETION TO DATE OF MORE THAN 7,500 HOURS OF FUEL CELL STACK testing, reflecting the unique design and the use of well-proven manufacturing techniques

TESTING OF MORE THAN 50 STACKS OF UP TO 1KW POWER OUTPUT WITH REPEATED THERMAL cycling (on/off) between room temperature (20oC) and operating temperature (600oC) without performance degradation

STACK TESTING ON A RANGE OF COMMERCIALLY AVAILABLE FUELS INCLUDING NATURAL gas, LPG and propane demonstrating the capability to meet the performance requirements of a wide range of target market applications

VALIDATION OF STACK MANUFACTURING AND ASSEMBLY PROCESSES WITH MORE THAN 1,000 stack sub-assemblies constructed with a zero failure rate.
As a result of the performance demonstrated during the testing programme our core stack technology has been frozen. This technology will be appropriate for power outputs between 0.5kW and 5kW.

Integrated fuel cell systems have also been demonstrated by coupling lightweight, compact stacks and fuel processors with other key balance of plant components for our planned domestic CHP applications. Our focus is now on completing the designs of end-user products.

As announced at the preliminary results in September, we are currently equipping a new product facility which is expected to be operational by mid-2007 and is designed to produce limited volumes of prototype products incorporating volume manufacturing solutions. These units will be used both for demonstrations and larger field trials. The facility will also be used to develop and validate the manufacturing and assembly processes prior to transfer to mass production.

The scale-up process has been substantially de-risked with the establishment of a supply chain to procure cell, stack and system components utilising technologies with well-proven design lives in excess of 10 years. We are already working closely with a number of OEMs to finalise the arrangements for volume assembly of products utilising fuel cell stacks that will be manufactured by Ceres at a 'mother plant' facility planned to be commissioned in mid-2008.

Peter Bance, Chief Executive of Ceres Power, commented:

"Our testing has demonstrated that our unique technology has overcome many of the obstacles faced by other fuel cell technologies and can deliver durable, efficient and cost effective mass market solutions. We are now focused on completing the design of commercial, compact end-user products."

Sorry found them on there website,exciting

if todays sp trend is anything like yesterday's, then there still is time to get in! TA people, any pointers on this one? British bulls posted a buy-if yesterday, and am I right in saying the benchmark is 310?

(http://www.britishbulls.com/StockPage.asp?CompanyTicker=CWR&MarketTicker=Industrials&TYP=S)

Doesn't look like evils short lasted too long, look at the rise at todays end. I expect to see some good RNS in the morning, which which will hopefully spur the share price further on to its rightful place between 4 and 5.

I wonder at this share - Mkt cap of 200m and practically no turnover. Sure it's an interesting idea but I'm not convinced domestic boilers should be making electricity - it's not as though we have a surplus of gas - and - if we need more electric, we can look to France where "Le Nuclear" is still a polite word.
Fuel-cells may be the future, buty I doubt the presnt investors will see much benefit - er, IMHO of course; - negative ol' cinic that I am.

its odd why Voller energy thats on the verge of mass production of lpg fuel cells is languishing at all time low of 19p...the market works in mysterious ways

Thats the tree shake finished, here comes the shoot northwards.

This is looking more like ITM Power by each day.

Ian Lyall's verdict was BUY on 8/9/2007 and Citigroup says they are worth 5.10 and Morgan Stanley put a target of 3.70...it certainly shows all these BIG institutions are talking b****cks!

Results for CWR will be out tomorrow. Where will it go?

Ceres losses widen - MoneyAM

Ceres Power Holdings said today pretax loss in the first half of the current year widened to 3.02m.

The company blamed higher research & development costs but said it still remains in a robust position to commercialise its combined heat and power (CHP) systems product.

For the half year to December 31st, 2007, the fuel cell group reported a pretax loss of 3.02m versus 2.65m last year while commercial revenues rose to 279,000 from 30,000 last time.

R&D costs stood at 2.6m against 2.4m earlier, while administrative expenses rose to 1.4m from 1m a year ago.

The company said it remains committed to growing revenues with existing partners and establishing new market channels adding it sees further growth in commercial revenues in the second half.

any reason for s/p to go up?

All the green fuel companies are not doing well lately - CWR, PDX, CMF, DOO

I know higher energy prices can only be helpful to cwr but am at a loss about todays s/p surge. Anyone in the know?

I reckon the investment funds are now beginning to see the true potential of this commodity.
Once the general public become more aware of the savings involved using one of CWR's systems, they'll all want one.
With everyone's budget getting tighter and tighter, most people will see this as an ideal way to reduce their rocketting fuel bills, with a reduction in their carbon footprint as a nice secondary.

Have got back into this earlier today. RNS says:

"Ceres Power, the AIM-quoted alternative energy group, announces that it will be inviting analysts to a presentation on Tuesday 24 June 2008. The Company will be providing an update on progress under the CHP contract with British Gas. Further details of the company's future roadmap as well as independent confirmation of the performance of the core fuel cell technology will also be presented. A copy of the company presentation will be available on the company website on Tuesday 24 June 2008."

I just feel it will have a positive effect on sp. The technology seems to be coming together now.

Bought a few yesterday they are off recent highs,could move up before 24 june.

Record low each day.

62p and still dropping.

going bust i feel...another j boy scam

"j boy"?

cynic..you idiot!