Australian fuel cell firm establishes in Europe

11 August 2004 – Australia’s Ceramic Fuel Cells Limited has established a presence in European order to market its efficient and clean energy-generating products using advanced solid oxide fuel cells. CFCL has established a wholly owned subsidiary, Ceramic Fuel Cells (Europe) Limited, initially headquartered in the UK.

Executive Chairman Julian Dinsdale said, “The formation of this new subsidiary is expected to be the stepping-stone to European joint ventures for large-scale fuel cell production and for partnerships with manufacturers of fuel cell appliances.”

“Europe is a primary focus of our business plan where there is an existing demand for fuel cell products for sustainable electricity generation. Increasingly stringent environmental standards in the EU are encouraging the development of clean alternative technologies for which there is strong government support,” he said.

“We have engaged Smith and Williamson Limited as our European accountants and advisers and they have assisted us with the formation of the new subsidiary. They can also assist us as we continue to consider a dual listing on the Alternative Investment Market (AIM) in the UK”

CFCL is focussing on distributed electricity generation, particularly the micro combined heat and power (micro-CHP) and secure power markets. The initial target markets are environmentally friendly distributed generation for residential houses in Western Europe, Australia and the USA.

Leading fuel cell specialist, Brendan Bilton, has been appointed to head up the newly established UK-based Ceramic Fuel Cells (Europe) Limited.

Dinsdale said, “I am delighted to announce that we have been able to secure Brendan’s services to lead our European venture. His extensive background in the ceramics and fuel cell industries will be invaluable in the formation of European joint ventures for fuel cell production and end-use product application partnerships,” he said.

Mr Bilton’s previous roles include senior executive positions within the Morgan Crucible Group, most recently as Business Development Manager for Morgan Fuel Cell where he has established an international reputation in the fuel cell industry. He has two published fuel cell technology patents and is a member of the Fuel Cell Europe UK task group and the British Government’s Department of Trade and Industry steering committee on fuel cell initiatives.