16 August 2012
For immediate release
Not for release, publication or distribution, directly or indirectly, in whole or in part in, into, or from, any jurisdiction where to do the same would constitute a violation of the relevant laws of such jurisdiction.
Ceres Power Holdings plc
("Ceres", "Ceres Power" or "the Company")
The Board of Ceres Power notes the recent movement in the Company's share price. As mentioned in the interim results announcement, the Group will need to raise an initial tranche of funding before the end of Q3 2012 to continue to meet the Company's planned expenditure. The Company continues to explore funding options and will update shareholders in due course on progress in this regard.
As announced on 26 July, the Company remains on-track to delivering its target of a global cost leadership mass market micro-CHP product.
Enquiries:
Ceres Power Holdings plc Tel. +44 (0)1403 273 463
David Pummell, Chief Executive Officer
Rex Vevers, Finance Director
Investec Bank plc Tel. +44 (0)20 7597 4000
Chris Sim/James Ireland
Kreab Gavin Anderson & Company Tel. +44 (0)20 7074 1800
Ken Cronin/Deborah Walter
This information is provided by RNS