Wednesday, 9 February 2011

Ceramic Fuel Cells Limited CFU to sell 200 heat and power units

3 December 2010    Ceramic Fuel Cells Limited, (AIM/ASX:CFU) a leading developer of high efficiency  and low emission electricity generation units for homes and other buildings, has  received a conditional order for up to 200 integrated power and heat generators  from German energy service provider EWE.    Ceramic Fuel Cells will generate revenue of up to 4.9 million Euros from the  order over two years.    The integrated units use Ceramic Fuel Cells' patented technology to convert  natural gas into electricity and heat, with the world's highest level of  electrical efficiency. EWE will install the units in homes in the Lower Saxony  region in northern Germany, and the units will provide the homes with low  emission electricity, hot water and heating.    The order is conditional on EWE receiving partial funding under the German  government's national hydrogen and fuel cell technology innovation program. This  Government program is providing 700 million Euros between 2008 and 2018. EWE has  submitted a formal funding application and a decision is expected in early 2011.      Subject to EWE obtaining Government funding and to the units meeting agreed  performance targets, EWE will order 70 units for delivery in 2011 and 130 units  for delivery in 2012. The performance targets, unit prices and the rates for  ongoing service and support have been agreed in a contract signed by EWE and  Ceramic Fuel Cells.    "This is a significant follow-on order from EWE, and it will see us selling many  more of the integrated products we have developed with EWE and our local partner  Bruns," said Ceramic Fuel Cells' Managing Director Brendan Dow. "We are  confident that the German government will support the project and we look  forward to continuing to deploy products with EWE, our longest-standing customer  and partner. We are also encouraged by the very strong interest in our low  emission products in Germany."    Ceramic Fuel Cells will supply the core Gennex fuel cell module and related  components. Ceramic Fuel Cells and its local manufacturing partner, Gebrüder  Bruns Heiztechnik GmbH, will integrate the fuel cell module with a boiler into  an integrated power and heating product for supply to EWE.

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