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The Directors of the Company note
the recent fall in the Company's share price
and are not aware of any reason
for this fall.
Since the Admission of the Company's
shares to trading on the Alternative
Investment Market of the London
Stock Exchange plc in February 2005, the Company
has continued to implement the strategies
detailed in its admission document
dated 26 January 2005. In particular,
the Company has:
• continued the
product approval process with Speedy Hire plc;
• commenced negotiations
with third party organisations operating in other
target
markets as detailed in the Admission Document;
• made significant
progress in the development of the reformer technology
through
its subsidiary, KAT-Chem GmbH. This reformer technology is designed
to extract
hydrogen from readily available hydrocarbons such as propane or
butane;
and secured and moved into manufacturing premises in Basingstoke
giving
capacity to commence the manufacture, assembly and testing of both
the VE100
fuel cell range and the Battery Box; and
• filed and is continuing to file further patent applications.
The Company was informed on 27 April
2005 that Schweco Nominees Limited has a
notifiable interest in 2,071,567
ordinary shares in Voller Energy Group,
representing 9.00% of the issued
share capital of the Company.
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