AFC Energy (AFC)
AFC Energy exceeds targeted milestones
AFC Energy said it had delivered material improvement in fuel cell system and electrode performance in 2017 and exceeded targeted milestones.
Chief executive Adam Bond said: 'I am delighted to confirm that, following a period of rapid progress, we have through deliberate design changes successfully validated the revised basis for the company's commercial fuel cell system whilst also, in collaboration with De Nora, achieving massive strides forward in electrode performance.
'This enhanced fuel cell system upgrade builds on the work of many individuals closely collaborating with our technology partners and is expected to provide the cornerstone of a commercial fuel cell system that is now capable of achieving the Company's PLACE metrics.
'Completion of this work within a three-year window was always going to be challenging, however, we are today seeing the fruits of our labour as we progress into a very exciting 2018.'
At 8:55am: (LON:AFC) AFC Energy PLC share price was +0.26p at 11.98p
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|Bid / Ask||10.75 / 12.05|
|Day Range||12.05 / 12.05|
|52Week Range||9.50 / 19.55|
|Last Update: 16:26:53 (16/02/18)|