Acta S.p.A. Sale of Acta Power System in Singapore (0063U)

TIDMACTA

RNS Number : 0063U

Acta S.p.A.

27 November 2013

 
 Press release   27 November 2013

Acta S.p.A.

("Acta" or "the Company")

Sale of Acta Power System in Singapore

Acta S.p.A. (AIM: ACTA), the clean energy products company, is pleased to announce that it has sold an Acta Power renewable energy storage system, plus installation and training services, to the Maritime and Port Authority of Singapore for installation at the famous Raffles Lighthouse on the island of Pulau Satuma, built in 1854 and one of the oldest operational lighthouses in the world.

The Acta Power system will be used to store renewable energy from solar and wind turbine and will provide power for the four lighthouse staff permanently located on the island. The installation is intended to help the Government to promote the environmental profile of the island, while also allowing evaluation of renewable energy storage solutions for wider off-grid applications.

The system, using renewable power and filtered rainwater, will generate 1 m3 / h of hydrogen at 30 Bar pressure, and will produce 4kW / h of electricity via its fully integrated fuel cell module. Including ancillary systems, installation, training and support, the sale represents the largest single product sale received by the Company to date. Shipment of the system is expected by the end of 2013 with installation to be completed during the first quarter of 2014.

Raffles Lighthouse is open daily for guided tours and is used by Government officials as a retreat. The Company therefore believes that the installation will receive a high level of visibility among Singaporean government officials and other visitors.

Paolo Bert, Chief Executive of Acta, commented:

"In tandem with the progress we are making in the telecom back-up power sector, we are pleased to receive this first order for the installation of an Acta Power for a renewable energy storage application for powering off-grid communities. We are receiving significant levels of interest for this type of application and we hope that this evaluation will open the door to large scale installations in developing countries."

-ENDS-

For further information please contact:

 
 Acta S.p.A.                             Tel: +39 050 644281 
 Paul Barritt, Chief Financial Officer   www.actaspa.com 
 
 
 Altium Capital (Nominated Advisor)    Tel: +44 (0)845 505 4343 
 Adrian Reed / Dom Orsini 
 
   Cantor Fitzgerald Europe (Broker)     Tel: +44 (0)20 7894 7000 
 Mark Percy / David Banks / Paul 
  Jewell

Media enquiries:

 
 Kreab Gavin Anderson (Financial          Tel: +44 20 7074 1800 
  PR) 
 Robert Speed / Ross Gillam / Christina   www.kreabgavinanderson.com 
  Clark

About Acta S.p.A.

Acta S.p.A. is a developer and manufacturer of a range of clean energy products. Based on its world-leading expertise in alkaline membrane technology, the Company has developed a unique range of low-cost, compact hydrogen generators (electrolysers) which produce pure, dry compressed hydrogen at high efficiency from renewable or grid power.

In April 2013 Acta launched the Acta Power, an integrated electrolyser and fuel cell system for use in back-up power and renewable energy storage applications. Best understood as a "Hydrogen Battery", the system converts energy from renewable or grid power when it is available and stores it in the form of hydrogen, and then converts the hydrogen back to electrical power when needed due to grid black-out or lack of solar / wind power.

This system has extensive application as a back-up power unit for telecommunications base stations, where it competes on cost against traditional battery and diesel solutions, while offering a cleaner solution and better service. In particular, the use of rainwater and the generation of hydrogen on-site removes the cost and logistical barriers of fuel delivery, while also avoiding the theft risk associated with diesel, methanol and battery systems.

The supply of fuel cell back-up power systems for telecommunications base stations represents a large and fast-growing market, especially in extensively bad-grid and off-grid locations such as in Asia and Africa. Battery sales to the Chinese telecoms industry are currently valued at $4.7 bn to $7.8 bn per annum (Fuel Cell Today, China).

Acta holds a portfolio of patents and patent applications on its key technologies, manufactures its products through a combination of production, component subcontracting, and final product assembly and quality control, and has established distribution channels through partnerships in China, India, SE Asia, Australia, Africa, Middle East, Germany, UK, USA and South America.

Acta S.p.A. is based near Pisa, Italy, and was admitted to trading on AIM in October 2005.

www.actaspa.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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