In April 2006,
the Company announced a series of milestones leading to the commercial
availability of 1kW fuel cell auxiliary power units (APUs). These systems
are designed to operate as quiet, low-emission power supplies that provide
an alternative to the traditional diesel generators used in markets such
as leisure, construction and the
military.
The Voller APU, known as Emerald,
has the advantage of working from widely available hydrocarbon fuels such
as Calor Gas, propane or liquefied petroleum gas (LPG). Most other fuel
cell systems require pure hydrogen, which is not yet commonly available.
We were pleased to announce in the
preliminary results on 14 September 2007 that maiden orders for the Emerald
system had been received from the construction sector.
In addition, the Company is looking
to expand and extend their Emerald product line in the future to offer
customers both higher-powered Emerald fuel cell units and a choice of fuels.
With this in mind, the Company has entered into an agreement with the University
of Cambridge to develop diesel, bio-diesel,
kerosene and JP-8 reforming technology.
Voller also continues to build strategic
relationships around the world. In 2006 the Company signed a Memorandum
of Understanding (MOU) with Calor Gas and recently announced a supply agreement
with Ballard for their Mark 1030 fuel cell stack technology for the Emerald
system. The 1030 is an advanced reformate tolerant stack developed for
the Combined Heat and Power (CHP) market in Japan.
Voller is on track to deliver commercial
products to address our target markets of construction, leisure and the
military. We believe that this will put us significantly ahead of our competitors.
We have substantially enhanced our intellectual property (IP) and know-how
in fuel reforming technology and fuel
cell system integration and we will
continue to look for new opportunities for growth both domestically and
on an international basis.
About Voller Energy
Voller Energy Group PLC (LSE: VLR)
is one of the first companies in the world from which you can buy fuel
cell systems. Voller is a developer and manufacturer of portable fuel cell
systems that produce electrical energy but without the toxic emissions
produced by petrol or diesel generators. Founded in 2002, Voller Energy
has built considerable expertise in fuel cell systems technology for use
as battery chargers and mobile generators.
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