TIDMACTA
RNS Number : 9521Z
Acta S.p.A.
13 February 2014
Press release 13 February 2014
Acta S.p.A.
("Acta" or "the Company")
Cooperation Agreement with ReliOn
Acta S.p.A. (AIM: ACTA), the clean energy products company is
pleased to announce the signing of a wide-ranging cooperation
agreement (the "Agreement") with ReliOn Inc. ("ReliOn"), one of the
largest fuel cell manufacturers in the world specialising in
back-up power systems for telecom, government and transportation
applications. The Agreement gives Acta a broader commercial
offering and a second supplier of key fuel cell components.
Today's Agreement follows the completion of a new Acta Power
back-up power system incorporating ReliOn's fuel cell system, which
has been designed with a 23" rack, the standard unit size for the
US market. The Agreement covers the launch, promotion, production,
commercialisation and distribution of the 23"-rack Acta Power
HT.
As the market leader for telecom back-up power in North America,
ReliOn is well positioned to partner and support the introduction
of Acta's products into the US market. ReliOn will promote the new
system in North America, whilst Acta will promote the system in all
other markets in parallel with its FutureE / Ballard system.
Paolo Bert, Chief Executive Officer, Acta, commented:
"Today's Agreement marks further commercial progress for the
Acta Power since its launch under a year ago. Through our
partnership with ReliOn we look forward to collaborating on further
product development for additional applications, and to the
penetration of the Acta Power into the North American market."
Joe Blanchard, Chief Operating Officer, ReliOn, commented:
"The Agreement incorporating Acta's hydrogen electrolyzer with
ReliOn's fuel cell products offers our customers an additional
fueling solution, enabling them to address the requirements of
equipment locations that have been challenging to this point. We
look forward to jointly introducing the Acta Power HT to a variety
of global markets."
The new Acta Power HT will be officially launched at the Mobile
World Congress conference, the world's largest mobile and telecom
exhibition, in Barcelona on 24-27 February, where it will be
jointly promoted by Acta and ReliOn in Acta's stand, Hall 7, Stand
7M08.
For further information please contact:
Acta S.p.A. Tel: +39 050 644281
Paolo Bert, Chief Executive www.actaspa.com
Officer
Paul Barritt, Chief Financial
Officer
ReliOn Inc. Tel: +1 509 228 6553
Sandra Saathoff, Director www.relion-inc.com
Marketing Communication
Altium Capital (Nominated Tel: +44 (0)845 505 4343
Advisor)
Adrian Reed / Dom Orsini
Cantor Fitzgerald Europe Tel: +44 (0)20 7894 7000
(Broker)
Mark Percy / David Banks
/ Paul Jewell
Media enquiries:
Kreab Gavin Anderson (Financial Tel: +44 20 7074 1800
PR)
Robert Speed / Christina www.kreabgavinanderson.com
Clark / Ross Gillam
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
About ReliOn
ReliOn's continuous innovation in core technology has made it a
leader in the development and marketing of modular, scalable fuel
cell products for customers seeking solutions to critical backup
power applications. With more than 1,800 sites serving customer
equipment in 45 U.S. states and 36 countries, ReliOn customers
enjoy the benefits of high reliability, low operating costs and
easy maintenance. ReliOn products are tested or certified to
stringent standards from CSA, UL, CE, Telcordia NEBS and China TTL
Labs.
ReliOn fuel cells...simply powerful.
www.relion-inc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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