Business
Beta System Update & Notice of Results
Beta System Update & Notice of Results.
About this update from H-power Plc
[{"type":"text","content":"\n \nRNS Number : 4140J AFC Energy Plc 30 June 2011 \n \n\n30 June 2011\nEmbargoed until 07:00\nAFC Energy PLC\n('AFC Energy' or the 'Company')\n \nBeta System Update & Notice of Results\n \nFirst Installation of Commercial Scale System \n \nAFC Energy PLC (AIM: AFC), the developer of low cost alkaline fuel cells, is pleased to confirm that it continues to make good progress and is currently commissioning its first Beta alkaline fuel cell system.\n \nHighlights\n \n· Completion of first stage of Beta system commissioning at Dunsfold, Surrey;\n \n· Good progress on completion of HAZOP (see footnote) with no onerous re-design requirements;\n \n· On track to deliver its commercial-scale Beta system once the HAZOP study is successfully complete;\n \n· Shareholder open days to be held in September/October.\n \n \nThe Company has made significant progress on completing the hazard and operability (\"HAZOP\") study and has incorporated the emerging improvements from that study into its first Beta alkaline fuel cell system. This system, which is being constructed at Dunsfold, Surrey, will provide the test bed and demonstration for future developments prior to, or in parallel with, deployment at partners' premises.\n \nAFC Energy is also pleased to announce that this Beta alkaline fuel cell system has successfully completed the first phase of the commissioning process.\n \nThe Board of directors of AFC Energy (\"Board\") considers that the investment of time and effort in addressing the HAZOP systematically will have long term benefits in terms of partner confidence and commercial deployment of future systems. The Board is pleased to confirm that none of the issues arising from the HAZOP require a significant re-design of the system but acknowledges that it slightly under-estimated the time required to address all points comprehensively. \n \nAFC Energy remains on track to deliver its commercial-scale Beta system once the HAZOP study is successfully complete.\n \nAFC Energy is also pleased to advise shareholders that they will be able to see the first Beta system at the Company's premises in Dunsfold, Surrey during open days on 15 Septe...