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Ceres Power marked up on AIM debut

Publication Date:25-November-2004
Source: AFX News

LONDON --Ceres Power shares were marked higher as first-time dealing on AIM got underway.

Shares in the Sussex-based company, which has developed a fuel cell which generates electricity from natural gas and LPG, were cranked up to 132-1/2 pence, compared with a placing price of 120 pence.

Dealers expect Ceres Power to leave its 130 pence drilling ing well behind when dealings start on Aim today.

It becomes the UK's second listed fuel-cell company.

It has focused on fuel cells powered by natural gas and is heading towards putting the cells into domestic boilers.

Clients include industrial group BOC which is interested in using Ceres cells in remote generators and other products that use gas canisters.


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