Ann: CFC and Alliander plan broad deployment of B, page-15

re: Ann: CFC and Alliander plan broad deploym... Re the furnaces....sure it woudl be great if when they opened their doors they had the 10,000 annual production capacity that was discussed at the time. This seemingly has not been the case. But being an engineer myself, I have not stressed too much about the furnace issue, and expect that there could be a series of tweaks over time to get the the thing ever more effecient before they pull the trigger on upgraded of other furnaces.

After all it is not as though the furnace is not working and they have no capacity. They are running it in signle shifts still so there is plenty of capacity in what they have at the moment.

Re cap raising....I am not convinced it will be that soon. They still have near half the units sold waiting to be installed and able to be booked to revenue. If they get this right and start punching them out the door then the revenue will go a long way to offsetting the cash burn. They also had a bad last quarter due to execute pay outs and the revenue from the powder facility will be coming on line.

So not saying you are wrong re CR but it will definitely tell volumes about the business. If they attempt to secure finacing or cash advances against orders they may be able to push through with what is on their plate. This will be a real show of confidence that things are moving forward.

If they flog off shares at 7c or so then that will speak volums that the company still needs to be defensive as the future is not yet set with regards to sales to partners and the likes of EWE, E.ON, GDF Suez etc stepping up to the plate to support what is going on in Germany and UK