ACTA Acta

TIDMACTA

RNS Number : 9623K

Acta S.p.A.

30 June 2014

 
 30 June 2014 
 

Acta S.p.A.

("Acta" or "the Company")

Result of AGM

Acta S.p.A (AIM:ACTA), the hydrogen energy company, announces that at the Company's Annual General Meeting held earlier today, all resolutions were passed.

-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:

 
 Walbrook PR                    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

END

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