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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ceres Power Holdings Plc | LSE:CWR | London | Ordinary Share | GB00BG5KQW09 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.50 | 1.96% | 181.80 | 182.00 | 184.10 | 184.20 | 171.60 | 180.00 | 401,563 | 16:35:05 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electric & Other Serv Comb | 22.32M | -54.01M | -0.2799 | -6.58 | 355.39M |
From May 2019 to May 2024
LONDON--Ceres Power Holdings PLC (CWR.LN), a developer of low cost, next generation fuel cell technology, said Tuesday it has signed a joint development agreement with Cummins Power Generation Inc., a wholly owned subsidiary of Cummins Inc.
MAIN FACTS:
-Initially Cummins and Ceres will work together on a non-exclusive basis, combining their complementary technical capabilities and market know-how with Ceres assuming responsibility for the Steel Cell fuel cell system technology and Cummins providing system integration expertise, focusing on the assessment of applications for Cummins' core markets of larger scale back-up power and prime power applications.
-Further stages of the agreement could include Cummins and Ceres working together on system feasibility and the evaluation of potential development programs with major end users and utilities, who are already expressing interest in using power systems incorporating Ceres' Steel Cell technology.
-Successful completion of this collaboration assessment agreement phase could lead to a broader cooperative system development program under a continuation agreement.
-Ceres Power shares at 0820 GMT unchanged at 7 pence valuing the company at 35 million pounds.
-Write to Ian Walker at ian.walker@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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