Ceramic Fuel Cells Limited (AIM / ASX: CFU) a leading developer of generators which use fuel cell technology to convert natural gas into electricity and heat for homes and other buildings, provides the following update to shareholders.
The Company has been exploring a number of financing options and is now in discussions with a number of financial investors regarding an investment which it expects to finalise before the end of the month. The Company will make an announcement about the outcome of these discussions, and give a further update on its finances, when the discussions are concluded.
Ceramic Fuel Cells (CFCL) is a global leader in the development and manufacture of solid oxide fuel cell-based micro combined heat and power generators and offers the first commercially available product in Europe. Located in Australia and Europe, CFCL’s initial focus markets to commercialize the technology are the UK,
Germany and the Benelux countries. The company employs about 120 people worldwide, including the UK. CFCL is listed on the AIM market of the London stock exchange and on the Australian stock exchange (code CFU). (www.cfcl.com.au)
Source: Ceramic Fuel Cells
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