| 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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