Business
Quarterly Newsletter
Quarterly Newsletter.
About this update from H-power Plc
[{"type":"text","content":"\n \nRNS Number : 3293C AFC Energy Plc 18 January 2018 \n\nAFC Energy Quarterly Newsletter - December 2017\n \n \nDear Shareholder,\n \nI am pleased to provide an overview of the Company's activities for the quarter ended 31 December 2017. \n \nThis quarter has been an important one insofar as we have achieved very significant improvements in our fuel cell system, which we now believe demonstrates a platform for future commercial deployment with projected performance of the system well in excess of the objectives we set for ourselves in 2017. \n \nThe successful results from early operation in late December 2017 and into January 2018 are continuing to validate this work, underpinning the merit of our vastly improved fuel cell system. \n \nAFC Energy's fuel cell system is now at a point where the increasing level of operational data gained, both at the electrode and system level, is building a compelling case for commercial deployment of the system. \n \nOver the past twelve months, in expectation of these positive results, AFC Energy's management has held advanced talks with several third-party technology providers where integration of the AFC Energy fuel cell system creates a near-term commercial deployment opportunity. Whilst the chlor alkali and similar industrial processes that vent hydrogen remain key markets for AFC Energy's fuel cell system, the Company's management has also spent the past twelve months assessing and entering dialogue with new and innovative hydrogen generation companies for integration with our proprietary clean energy fuel cell technology. In some cases, these negotiations have advanced to agreement of terms which are now being progressed towards binding commercial agreements. \n \nAFC Energy's management is confident that, with the progress made at the base technology level, integrated with upstream hydrogen generation and downstream power generation technologies, the market for the Company's fuel cell will open into previously unexplored market segments in 2018. I am looking forward to introducing to you several of these new products and applications throughout the course of 2018. \n \nImportantly, each of these new products and applications build on the existing AFC Energy proprietary f...