ceramic fuel cells to sell up to 200

03/12/2010 10:12AM

CFU to sell up to 200 power and heating units to EWE

Ceramic Fuel Cells to sell up to 200 power and heating units to German energy company EWE
3 December 2010
Ceramic Fuel Cells Limited, (AIM/ASX:CFU) a leading developer of high efficiency and low emission electricity generation units for homes and other buildings, has received a conditional order for up to 200 integrated power and heat generators from German energy service provider EWE.
Ceramic Fuel Cells will generate revenue of up to 4.9 million Euros from the order over two years.
The integrated units use Ceramic Fuel Cells? patented technology to convert natural gas into electricity and heat, with the world?s highest level of electrical efficiency. EWE will install the units in homes in the Lower Saxony region in northern Germany, and the units will provide the homes with low emission electricity, hot water and heating.
The order is conditional on EWE receiving partial funding under the German government?s national hydrogen and fuel cell technology innovation program. This Government program is providing 700 million Euros between 2008 and 2018. EWE has submitted a formal funding application and a decision is expected in early 2011.
Subject to EWE obtaining Government funding and to the units meeting agreed performance targets, EWE will order 70 units for delivery in 2011 and 130 units for delivery in 2012. The performance targets, unit prices and the rates for ongoing service and support have been agreed in a contract signed by EWE and Ceramic Fuel Cells.
?This is a significant follow-on order from EWE, and it will see us selling many more of the integrated products we have developed with EWE and our local partner Bruns,? said Ceramic Fuel Cells? Managing Director Brendan Dow. ?We are confident that the German government will support the project and we look forward to continuing to deploy products with EWE, our longest-standing customer and partner. We are also encouraged by the very strong interest in our low emission products in Germany.?
Ceramic Fuel Cells will supply the core Gennex fuel cell module and related components. Ceramic Fuel Cells and its local manufacturing partner, Gebr?der Bruns Heiztechnik GmbH, will integrate the fuel cell module with a boiler into an integrated power and heating product for supply to EWE.



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