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Ceramic Fuel Cells Quarterly Statement

Publication Date:29-January-2006
06:00 AM US Eastern Timezone
Source:FuelCellWorks

Ceramic Fuel Cells Limited (ASX code CFU) has today released to ASX its statement of cashflows for the quarter ending 31 December 2005, known as an 'Appendix 4C'.

The net cash outflow for the December quarter was $4.643m. Net operating cashflow for the quarter resulted in a cash outflow of $3.675 which was in line with the previous quarter.

During the period the Company continued to develop and commercialise its fuel cell technology.

Towards the end of the quarter the Company dispatched two Combined Heat and Power (CHP) demonstration units to its customer EWE in Germany.

These units are scheduled to be installed for field trials at EWE's site in early 2006.

The Company launched its new NetGenTm prototype micro fuel cell system at the Ninth Grove Fuel Cell Symposium in London in October and also exhibited the unit at the US Fuel Cell Seminar in November.

During the quarter the Company also signed an agreement with Precision Flow Technologies, Inc. ("PFT") to manufacture and market solid oxide fuel cell test stations.


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