News blog
Acta
- BY: Andrew Hore |
- POSTED: 19/07/2009 |
- COMMENTS: Add yours
Catalysts developer Acta is pleased with the commercial interest in its water electrolyser.
Acta says that it is talking to manufacturers of small to mid-sized hydrogen-air fuel cell products, who will use the electrolyser as a fuel cell recharger.
The next stage of Acta’s development contract with Sumitomo Corporation and another company is likely to be lower value than previous stages. This is a reflection of lower investment in research.
Acta had €5.4m in cash in the bank at the end of June 2009.
Cost cutting has helped Acta to perform in line with expectations in the first half of 2009. The cash outflow has fallen and Acta received a €505,000 grant in the first half and there is another €212,000 Italian government grant coming through in the second half.
At 6.375p a share, Acta is valued at £2.61m. That is much less than cash in the bank but the cash is reducing over time.
Interim figures will be published on Thursday 24 September 2009.
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