Business
Contract with BOC
Contract with BOC.
About this update from Ceres Power Holdings Plc
[{"type":"text","content":"\n Ceres Power Holdings plc\n03 July 2006\n\n\nUnder embargo until 07.00, 3rd July 2006\n\n Ceres Power Holdings plc\n ('Ceres Power', 'Ceres' or the 'Company')\n\n Ceres Power secures third contract with BOC,\n advancing moves into off-grid power generation\n\nCeres Power, the AIM-quoted fuel cell group, today announces that is has secured a third contract with BOC, the global \nindustrial gases group, as a continuation of a joint programme into the use of fuel cell technology to generate clean, \nsilent, reliable off-grid power from a range of cylinder gases. Applications include areas as varied as construction \nsites, wireless base stations and rural domestic electrification, in both the developed and developing world.\n\nCeres Power's fuel cells are mechanically robust, have high fuel efficiency and low emissions, and when coupled with a \nbottled fuel can provide long-term prime power for applications where grid electricity is unavailable, unreliable or \nsimply not cost effective.\n\nThe Ceres and BOC programme has already completed two previous phases covering pre-commercial development and testing of\nfuel cell systems using practical, widely available fuels including LPG and propane. Today's contract announcement marks\na transition in the work being conducted, from technical feasibility to the assessment of products relating to specific \nmarket sectors and geographies.\n\nThe ongoing relationship with BOC, demonstrates the potential of Ceres technology to deliver significant revenues from \nmajor new global product areas in off-grid power generation. BOC has world-class gases expertise and worldwide market \naccess, with millions of customers in over 50 countries, reinforcing the international growth potential for Ceres \nproducts developed and distributed under this programme.\n\nPeter Bance, CEO of Ceres Power, comments:\n\n'We are extremely pleased to be furthering our relationship with BOC, and to be accelerating our work targeting off-grid\nfuel cell products. BOC and Ceres form a strong global partnership with excellent technical and commercial \ncapabilities, and we look forward to the exciting new opportunities this could open up.'\n\nBOC Global Director of Sustainable Energy, John Carolin added:\n\n'Whilst fuel cells can have a vast range of applications, off-grid offers transformational new opportunities an...