15 Feb 2010 07:00
| Press Release | 15 February 2010 |
Acta S.p.A.
("Acta" or "the Company")
Hydrogen Generator wins First Place in Qualitec Technology Award 2010
Acta, the provider of clean energy products and environmental catalysts, is delighted to announce that its EL100 Hydrogen Generator has won the prestigious Qualitec Technology Award 2010 at the international Seatec trade exhibition for boats, yachts and ships. The award recognises innovation in the nautical sector.
The Seatec exhibition, which ran from 10 to 12 February, is Italy's leading nautical and marine supplies exhibition attracting thousands of visitors and exhibitors. The Company exhibited its hydrogen generator coupled with a 1KW fuel cell power generator used to power an electric outboard motor. The technical judges of the Qualitec panel selected Acta's hydrogen generator for its innovation, low cost and environmental profile, three features which were judged to promote the nautical sector's aspirations for sustainability and zero environmental impact.
This award represents significant industry recognition for Acta, whose inexpensive hydrogen conversion technologies are making fuel cell applications more practical and accessible for everyday use. The EL100 Hydrogen Generator is a simple, compact, low-cost and highly efficient system which is ideal for markets with high volume demand for reliable, local energy, including marine, light transport, UPS and domestic and commercial power.
Acta shared the First Place award with Volkswagen for their introduction of a new marine propulsion system.
Paolo Bert, Chief Executive, commented: "It is a great honour for our unique hydrogen generator to have won the Qualitec Technology Award and we have been delighted with the commercial and technical feedback that it has received. 2010 is going to be a very exciting year for Acta and this award is a huge acknowledgement of what we have achieved to date. We believe that this product is ideally suited for the nautical sector, as well as for UPS systems, energy-independent homes, automotive accessories, consumer applications, and others. The award and recognition will be valuable to Acta as we continue with commercialisation of the technology in the coming year."
-ENDS-
For further information please contact:
| Acta S.p.A: |
|
| Paul Barritt, Chief Financial Officer
| Tel: +39 050 644281 |
| Charles Stanley Securities (Nominated Adviser): | Tel: +44 (0) 20 7149 6000 |
| Russell Cook / Freddy Crossley |
|
Media enquiries:
| Abchurch Communications Limited |
|
| Justin Heath / Monique Tsang / Hannah Sharman | Tel: +44 (0) 20 7398 7725 |
| hannah.sharman@abchurch-group.com | www.abchurch-group.com |
Notes to Editors
Acta S.p.A. is a developer and manufacturer of a broad range of renewable energy and related products. Its product line includes a range of compact hydrogen generators as well as various portable, mobile and backup fuel cell devices that can make use of locally generated hydrogen in UPS, marine, automotive, electric cycling, scooter, camping and domestic applications. The Company's broader interests include a range of environmental catalysts and solar power projects.
Acta's cost-competitive products are based on its proprietary, inexpensive environmental catalyst and hydrogen conversion technologies. These products help overcome the barriers to the adoption of fuel cells, most notably the lack of a local hydrogen infrastructure.
Acta's low-cost hydrogen generators represent a unique breakthrough in electrolyser technology. They can operate using mains power or intermittent renewable energy, and produce clean, dry hydrogen already at pressure for use in fuel cell and other applications. This unique combination of features avoids the system complexity and energy cost of further cleaning, drying and compression of the hydrogen, resulting in a simple, compact, low-cost and highly efficient system that is ideally suited for energy conversion and storage applications. In such applications, which include battery replacement and renewable energy storage, low cost and high efficiency are critical to commercial viability, while hydrogen compression is essential for the energy density of the system. No other water electrolyser currently on the market offers this combination of benefits.
Acta is focusing on delivering its products to markets with high volume demand for high-value environmental solutions (transport, UPS, energy and leisure). It is accelerating the commercialisation of its products via partnerships with original equipment manufacturers (OEMs), distributors, and agents in these sectors, and intends to drive down production costs at high volume via contract manufacturing.
Acta is marketing its product range to early adopters through its energy products division, Acta Energy. This division's objective is to ensure, through facilitating the widespread adoption of commercial and domestic fuel cell products, that Acta's hydrogen generator becomes a familiar industrial and domestic appliance.
Acta S.p.A. was admitted to trading on AIM in October 2005. It is based near Pisa, Italy, from where it manages a growing overseas distributor network targeting a global fuel cell market estimated to be worth US$26 billion by 2020.
www.acta-nanotech.com
www.actaenergy.it
Seatec 8th International Exhibition
Seatec, the 8th International Exhibition of technology, subcontracting and design for boats, megayachts and ships, is the only exhibition in Italy exclusively focused on boatyards and shipyard suppliers. It is a unique event in Europe for professionals to meet and establish business connections. The exhibitors are companies involved in the production of components, equipment, mechanical parts, raw materials, third party works, design and services for the marine industry.
The prestigious Qualitec Technology award is dedicated to the Seatec exhibitors with the best product or service shown at Seatec 2010. The Seatec 2009 exhibition attracted over 11,000 visitors and nearly 1,000 exhibitors. Further details may be found at www.sea-tec.it.