CFU 0.00% 0.4¢ ceramic fuel cells limited

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  1. 126 Posts.
    http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11003412

    Not only are bloom behind us but also our other nemesis ceres power.

    Preliminary results for the year ended 30 June 2011

    Business highlights:

    Robust new plan to achieve first generation product launch in H1 2014 (Fail, CFU will have been commercial for 3 years)

    Global opportunity for Ceres CHP product remains substantial (To bad cash burn will sink you far before you can take advantage of that opportunity)

    £26.7m in net cash and short-term investments at 30 June 2011 (Burnt out in 2 years at current rate)

    I would love it if CFU took over their juicy British Gas contract

 
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Currently unlisted public company.

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