Business
Ceres Power Scales Up Production Capability
Ceres Power Scales Up Production Capability.
About this update from Ceres Power Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 8140P Ceres Power Holdings plc 23 February 2016 \n\n23 February 2016\n \nCeres Power Holdings Plc\n(\"Ceres Power\", \"Ceres\" or \"the Company\")\n \n \nCERES POWER SCALES UP PRODUCTION CAPABILITY WITH INNOVATE UK FUNDING \n \nCeres Power Holdings plc (AIM:CWR) is pleased to announce the completion of a manufacturing scale up project that enables high volume production capability, a key step towards mass market commercialisation of its unique fuel cell technology in response to growing market opportunities.\n \nThe new high-speed print line at Ceres' manufacturing facility in Horsham has reduced ceramic on steel print-cycle time from 30 seconds to just 3 seconds, representing a 10 fold increase in processing speed, demonstrating that Ceres' processes are consistent with low cost, high volume manufacturing and corroborating the Steel Cell as a disruptive low cost fuel cell technology. \n \nThis project has been successfully delivered by Ceres in partnership with ASM Alternative Energy (ASM AE), the global provider of screen printing equipment and part-funded by £0.7m from Innovate UK's Advanced Manufacturing Supply Chain Initiative. By using standard processes developed for the solar industry and conventional materials such as steel, this project has been key to demonstrate that the Steel Cell can be mass-produced at an affordable price.\n \nThe innovative print line is the first of its kind and has been created by combining ASM AE's existing high-speed photovoltaic manufacturing processes and Eclipse printing solutions with Ceres' own existing manufacturing capabilities. \n \nCeres sees growing opportunities for its fuel cell technology across a range of mass-market power applications and is working with leading power systems companies worldwide, including Honda as announced in January 2016, as it delivers against its strategy of establishing the Steel Cell as the platform of choice for future power products. \n \n \nJames Falla, Chief Operating Officer, Ceres Power, commented: \n\"This scale up project represents an important step change in cost that fuel cells need to bring about widespread adoption. With the help of Innovate UK funding and ASM Alternative Energy we are now showing that our Steel Cell can be mass manufactured eco...