TIDMACTA

RNS Number : 1519I

Acta S.p.A.

28 May 2014

 
 Press release   28 May 2014

Acta S.p.A.

("Acta" or "the Company")

Publication of Annual Report and Accounts

Pursuant to Rule 20 of the AIM Rules for Companies and following release on 26 March 2014 of its preliminary results for the year to 31 December 2013, the Company announces that copies of the Annual Report and Accounts, and Notice of the 2014 Annual General Meeting have been published and will be available shortly on the Company's website at www.actaspa.com.

The 2014 AGM has been convened for 26, 27 and 30 June 2014. However, as is customary in Italy, the meeting is expected to be held at the third calling, on 30 June 2014.

Following the shareholders' consent obtained in 2009 to limit the documentation sent by the Company to its shareholders, the AGM documentation will not be circulated to shareholders unless requested. Those shareholders wishing to receive the Annual Report and Accounts and AGM Notice by post may contact the Company at the details below to receive a copy.

- ENDS-

For further information please contact:

 
 Acta S.p.A.                              Tel: +39 050 644281 
 Paolo Bert, Chief Executive Officer      www.actaspa.com 
  Paul Barritt, Chief Financial Officer 
 
 
 Altium Capital (Nominated Advisor)    Tel: +44 (0)845 505 4343 
 Adrian Reed / Dom Orsini 
 
   Cantor Fitzgerald Europe (Broker)     Tel: +44 (0)20 7894 7000 
 Mark Percy / David Banks / Paul 
  Jewell

Media enquiries:

 
 WalbrookPR                     Tel: +44 (0)20 7933 8780 
 Paul Cornelius / Bob Huxford   acta@walbrookpr.com

About ActaS.p.A.

ActaS.p.A. is a developer and manufacturer of a range of clean energy products. Based on its world-leading expertise in alkaline membrane technology, the Company has developed a unique range of low-cost, compact hydrogen generators (electrolysers) which produce pure, dry compressed hydrogen at high efficiency from renewable or grid power.

In April 2013 Acta launched the Acta Power, an integrated electrolyser and fuel cell system for use in back-up power and renewable energy storage applications. Best understood as a "Hydrogen Battery", the system converts energy from renewable or grid power when it is available and stores it in the form of hydrogen, and then converts the hydrogen back to electrical power when needed due to grid black-out or lack of solar / wind power.

This system has extensive application as a back-up power unit for telecommunications base stations, where it competes on cost against traditional battery and diesel solutions, while offering a cleaner solution and better service. In particular, the use of rainwater and the generation of hydrogen on-site removes the cost and logistical barriers of fuel delivery, while also avoiding the theft risk associated with diesel, methanol and battery systems.

The supply of fuel cell back-up power systems for telecommunications base stations represents a large and fast-growing market, especially in extensively bad-grid and off-grid locations such as in Asia and Africa. Battery sales to the Chinese telecoms industry are currently valued at $4.7 bn to $7.8 bn per annum (Fuel Cell Today, China).

Acta holds a portfolio of patents and patent applications on its key technologies, manufactures its products through a combination of production, component subcontracting, and final product assembly and quality control, and has established distribution channels through partnerships in China, India, SE Asia, Australia, Africa, Middle East, Germany, UK, USA and South America.

Acta S.p.A. is based near Pisa, Italy, and was admitted to trading on AIM in October 2005.

www.actaspa.com

This information is provided by RNS

The company news service from the London Stock Exchange

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