Afc Energy Share Discussion Threads

[ride the wave 1] 30/12/2016 07:22

I also intend to update the market fully on progress against the eight corporate milestones for 2016 in the New Year.

RNS tomorrow?

AFC's scoping agreement with Peel will be the first full engineering study conducted by AFC Energy since its founding and will provide the basis for a number of other studies for commercial opportunities internationally which are currently in discussion.

AFC Energy has already, in conjunction with Peel, commenced dialogue with stakeholders in the project and will be commencing the detail of the study in January 2017. We look forward to providing you with further updates into next year.

De Nora's electrodes have operated for many years in industrial environments globally. We believe the outcomes of this joint collaboration will therefore deliver a technology platform that further enhances the commercialisation timeline and success in the alkaline fuel cell space.

Importantly, De Nora have had two of the world's leading electro-chemists working on this collaboration since August with positive results already beginning to be evidenced. The collaboration continues into 2017 and we look forward to providing further updates on the progress of this workstream in due course.

AFC's funding has been closely monitored over the past year with increasing opportunities to trim cash burn without affecting technical progress identified month on month. The cash position was further enhanced during Q4 2016.

For our EU-funded project Power-Up initiative, AFC received a further payment from the EU's Fuel Cell and Hydrogen Joint Undertaking ("FCH JU"), amounting to €791,000.

We also received €111,000 in new funds related to German VAT paid in previous periods and have outstanding claims in respect of VAT recoverable expected in Q1 2017.

The cash position therefore remains sound going into 2017 with further cash receipts expected from the EU and the UK's R&D tax credit regime throughout the course of the next twelve months.

So next year, we expect to continue to make sound progress with Italy's De Nora and to provide further updates in the New Year. I remain firmly of the view that this collaboration presents a significant opportunity to both parties for the enhancement of respective shareholder value. At the same time, AFC Energy is continuing to progress dialogue with existing, as well as prospective new global industrial partners, which we will announce in due course.

While we continue to strive to meet the commitments as stipulated within the milestones set for 2016, talks remain at a highly sensitive stage. Our achievements to date nicely position AFC Energy for delivery of commercial transactions and in turn provide the traction needed with our partners for the deployment of units.

[ride the wave 1] 30/12/2016 07:18

im ok with the RNS myself

[angus17] 30/12/2016 07:16

indeed. I'm out of here come 8am.

markets should have expected no real news so should be able to get out reasonably close to last nights price. Afraid I have seen similar announcements all too often and they have never ended well.

[petrocelli2] 30/12/2016 07:15

2 contracts in the next 5 hours eh..?Which video shall I watch AGAIN now..?

[howling] 29/12/2016 20:11

All the best Bond

[howling] 29/12/2016 19:54

Not what we expect.

[ride the wave 1] 29/12/2016 17:52

Our active dialogue with prospective global industrial partners successfully culminated this quarter in the signing on 5(th) August of one of the Company's most important strategic agreements since its origination; a Joint Development Agreement ("JDA") with Italy's Industrie De Nora S.p.A. ("De Nora"), a global leader in the field of electro-chemistry and electrodes. We're very pleased to have a quality world class technology partner in De Nora collaborating with our technical team; and with both teams now actively engaged in exchanging ideas on technical enhancements, we are already starting to see the fruits of this initiative both in technology development and in potential new commercial markets to pursue. Importantly, the JDA with De Nora aims to facilitate a further improvement in the performance characteristics of our fuel cell technology and accelerate the timescale for achieving our targeted key metrics for: power, longevity, reliability, efficiency and cost. We look forward to providing further updates to the market on the outcomes of the JDA with De Nora, believing this collaboration will present a material opportunity for both parties in the near term for the enhancement of shareholder value.

Elsewhere, we are acutely aware of the market's desire to see commitments for the placement of AFC Energy's fuel cell system into the global energy market; indeed this is an important stated milestone for the Company this calendar year. Negotiations are continuing with commercial parties interested in working with AFC Energy in this regard and we continue to strive to meet the commitments as stipulated within the milestones for this year.

[ride the wave 1] 29/12/2016 17:26

Thanks red ticker troll xxx

😍

[ride the wave 1] 29/12/2016 16:06

Everyone must watch the proactive investors AFC CEO interview dated 30/11/16 (again).

"I'm still very much looking towards the milestones that i set at the beginning of the year , of having 1 or 2 CONTRACTS SIGNED BY THE END OF THIS YEAR and we're still working towards that ".

"DE NORA results are VERY ENCOURAGING and ENHANCED , very exciting relationship that's working VERY WELL".

"If you look at the PROGRESS we have made this year , it has been EXCEPTIONAL and positions us exceptionally well for A VERY EXCITING 2017 . Hopefully as we enter December we'll continue to SEE SOME of that EXCITEMENT roll over into the FINAL MONTH OF THIS YEAR".

[ride the wave 1] 29/12/2016 15:28

These will be £1 if two big contracts get signed .

[petrocelli2] 29/12/2016 11:07

Oooh you're so money supermarket...Zzzzzz

[ride the wave 1] 29/12/2016 10:22

LONG AND STRONG ALL OF THE WAY .

BRING IT ON AB ....

IVE GOT THE FAITH UNLIKE SOME

NO GUTS - NO GLORY

💷

[petrocelli2] 29/12/2016 10:06

Nearly there... https://www.google.co.uk/search?q=austin+princess&client=safari&hl=en-gb&prmd=isvn&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjIkb3ykJnRAhUedVAKHfSxDpwQ_AUIBygB&biw=320&bih=529#imgrc=qqfILU2HLP0C8M%3A

[ride the wave 1] 29/12/2016 09:53

That's better .

[ride the wave 1] 29/12/2016 08:28

Bye bye cup cake - don't bother coming back just run away like a little girl . Maybe go over to LSE and cry like a little girl on there too .

Hilarious 😂