Business
Ceres Power and Honda Sign New JDA
Ceres Power and Honda Sign New JDA.
About this update from Ceres Power Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 1028M Ceres Power Holdings plc 18 January 2016 \n\n \n18 January 2016\n \nCeres Power Holdings Plc\n(\"Ceres Power\" or the \"Company\")\n \n \nCERES POWER AND HONDA SIGN NEW JOINT DEVELOPMENT AGREEMENT \n \nCeres Power Holdings PLC (AIM:CWR), is pleased to announce that it has signed a new Joint Development Agreement with Honda R & D Co Ltd (\"Honda\") to jointly develop Solid Oxide Fuel Cell stacks using Ceres Power's unique metal supported Steel Cell technology for a range of potential power equipment applications.\n \nThe Ceres Power and Honda joint development will also include a third party who will consider the future mass production scale-up of the Steel Cell technology based on Ceres Power's manufacturing processes which represents an important advancement in the relationship.\n \nThis 2 year contract will allow the parties to build upon the successful previous Joint Development Agreement announced on 29 October 2014 and represents a deepening of the relationship between Honda and Ceres Power.\n \n \nPhil Caldwell, Chief Executive of Ceres Power commented:\n \n\"This latest agreement with Honda represents a huge endorsement of our Steel Cell technology, in the world's most advanced fuel cell market. We are demonstrating that we can successfully deliver on our strategy of embedding our Steel Cell technology into a variety of different power products and markets with the world's leading companies. We look forward to continuing to work with Honda to meet their high standards for performance quality and supply.\"\n \n \n\n\n\n\nCeres Power Holdings plc\nPhil Caldwell, CEO\nRichard Preston, CFO\n\n\nTel: +44 (0)1403 273 463\n\n\n\n\n \nZeus Capital (Nominated Adviser and Broker)\nPhil Walker / Andrew Jones\n\n\n \nTel: +44 (0) 20 3829 5000\n\n\n\n\n \nTavistock \nMike Bartlett/James Collins\n\n\n \nTel: +44 (0) 20 7920 3150\n\n\n\n\n\n\n\n\n\n\n\n\n \n \nNotes to Editors: \n \nAbout Ceres Power \n \nCeres Power (http://www.cerespower.com/) is a world leader in low cost, next generation fuel cell technology for use in distributed power products that reduce operating costs, lower CO2, SOx and NOx emissions, increase efficiency and improve energy security. The Ceres unique patented Ste...