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Preliminary Results for the year ended 31 December 2005
Publication Date:25-March-2006
09:00 AM US Eastern Timezone 
Source: FuelCellWorks

Acta S.p.A develops and produces platinum free catalysts for the fuel cell industry. Catalysts traditionally used in low temperature fuel cells contain either platinum or platinum group metals (“PGM”s). With the exception of fuel cells operating at very high temperatures, no fuel cell has previously been demonstrated to operate with commercially acceptable output levels without the use of a PGM based catalyst. PGM catalysts are expensive and limit the fuels usable in fuel cells to hydrogen and methanol, both of which have significant issues in being introduced to widespread use.

Highlights:

    * Two successful private placements in March and July
    * Flotation on the AIM market and raising of £8m.
    * Company’s first marketing and distribution contract signed with Sumitomo Corporation
    * Lavoria facility fitted out and commissioned in September
    * Doubled the power output of the Company’s catalyst for Direct Ethanol Fuel Cell
    * Further patent applications filed
    * Engagement with strong blue chip client base
    * Encouraging outlook

Outlook

Robert Drummond, Chairman, said today:

“We believe Acta’s breakthrough in catalyst technology will enable the competitive launch of fuel cells to the mass consumer market and, having laid the foundations for our success in 2005, the outlook remains encouraging. I believe that the Company is in a strong position to meet its objectives.”

For further information please contact:

Acta S.p.A
Toby Woolrych
020 7067 0700

Weber Shandwick Square Mile
Nick Dibden / Dominic Furlonge
020 7067 0700

 
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