Share Name Share Symbol Market Type Share ISIN Share Description
Acta LSE:ACTA London Ordinary Share IT0003891444 ORD EUR0.006
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.55 0.00 0.00 0.00 0.00 0.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 0.3 -1.0 0.0 - 1

Acta S.p.A. Cooperation Agreement with ReliOn

13/02/2014 7:01am

UK Regulatory (RNS & others)


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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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