The connection to nextech comes from an agreement signed back in June last year........
29 June 2010
Ceramic Fuel Cells licences its patented solid oxide fuel cell coatings to NexTech Materials
Ceramic Fuel Cells Limited (AIM/ASX: CFU) - a leading developer of high efficiency and low emission electricity generation units for homes and other buildings - today announced that it has entered a licence agreement with USA-based NexTech Materials, Ltd for NexTech to commercially offer solid oxide fuel cell interconnect coating solutions based on Ceramic Fuel Cells' patented formulations.
Ceramic Fuel Cells has patented a technology which protects metal interconnect plates from chromium poisoning. This solution, which Ceramic Fuel Cells uses in its own fuel cell products, is useful for other developers of solid oxide fuel cells.
Based in Ohio, NexTech Materials is a leading provider of technology solutions for the solid oxide fuel cell market. NexTech's customers are located in more than 35 countries and include fuel cell researchers, developers and manufacturers.
Ceramic Fuel Cells will receive a royalty from NexTech Materials' sales, creating an additional revenue stream from Ceramic Fuel Cells' existing intellectual property.
Ceramic Fuel Cells has developed a Fuel Cell Interconnect Device which provides a protective coating for cathodes in solid oxide fuel cells and other electrochemical devices. The company has been granted patents on the invention in the United States, Japan, Europe (France, Germany, Italy and the United Kingdom), Australia and New Zealand.
Ceramic Fuel Cells has granted NexTech Materials a worldwide licence to use this patented coating technology to provide products and services to solid oxide fuel cell developers and manufacturers.
A joint press release with NexTech Materials is available at www.cfcl.com.au
CFU Price at posting:
13.2¢ Sentiment: LT Buy Disclosure: Held