Acta S.p.A. Product Development Partnership and New Sale (2918M)
July 15 2014 - 2:00AM
UK Regulatory
TIDMACTA
RNS Number : 2918M
Acta S.p.A.
15 July 2014
15 July 2014
Acta S.p.A. ("Acta" or "the Company")
Product Development Partnership and New Customer Sale
Acta S.p.A (AIM: ACTA), the hydrogen energy company, announces a
product development partnership with Dantherm Power A/S
("Dantherm"), a subsidiary of Ballard Power Systems Inc (NASDAQ:
BLDP), to develop a self-recharging fuel cell backup power system
to address the significant opportunities for off-grid backup power
in cold and remote geographic regions where traditional power
sources suffer from severe drawbacks.
Initially, Acta will support Dantherm to integrate Acta's EL
1000 electrolyser with Dantherm's fuel cell backup power system.
Once integrated, the combined device will be deployed on an island
location close to the Arctic Circle, where it will be powered by a
wind turbine. Shipment of the order is scheduled for September
2014.
Following previous demonstrations of the capabilities of Acta's
system in arid and humid environments, the project is expected to
demonstrate the suitability of Acta's electrolyser products for
renewable energy storage applications in challenging cold
environments. The Company and Dantherm are already in discussion
regarding a number of suitable opportunities across the Nordic
region.
Paolo Bert, CEO of Acta, commented: "We have been discussing
technical collaboration with Dantherm for some time and we are
pleased to be going ahead together with this installation. We see a
significant opportunity for fuel cell backup power systems for
remote locations including cold environments, where the ability to
generate hydrogen onsite from renewable power sources is a key
enabler.
"We also note Ballard's recent announcement regarding an
engineering services agreement between Dantherm and M-Field Energy,
our system integration customer in Taiwan, to enter the European
material handling systems market, and believe that this channel
collaboration will strengthen our leadership in onsite hydrogen
generation for energy applications. We look forward to the success
of the partnership with Dantherm and to extending our reach into
the telecommunications backup power market together with them."
For further information please contact:
Acta S.p.A. Tel: +39 050 644281
Paolo Bert, Chief Executive Officer www.actaspa.com
Paul Barritt, Chief Financial Officer
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:
Walbrook PR Tel: +44 (0)20 7933 8780
Paul Cornelius / Bob Huxford acta@walbrookpr.com
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 June 2013 Acta shipped the first 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 Dantherm Power A/S
Dantherm Power, a subsidiary of Ballard Power Systems Inc.,
develops clean energy backup power systems, utilising Ballard Power
Systems' proton exchange membrane (PEM) fuel cell technology for
telecom suppliers including Motorola and Ericsson.
Dantherm Power is an international enabler for the commercial
application of hydrogen and fuel cell technologies. Dantherm's fuel
cell based backup power solutions are found inside IT and telecom
network base stations all over the world. In 2005 the first backup
power units were introduced driven by fuel cells, offering a
commercially and environmentally viable alternative to diesel
generators and battery backup units.
www.dantherm-power.com
This information is provided by RNS
The company news service from the London Stock Exchange
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