Ceramic fuel cells was an australian company developing small natural gas fuel cells for homes and small businesses.
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Ceflf complete ceramic fuel cells ltd.
Ceramic fuel cells reported that the issue price of the new ordinary shares and the conversion price for the loan notes would be 2 14p per share.
Cfu was an australian fuel cell technology company based in melbourne the company produced the bluegen gas to electricity generators.
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Cfcl was developing sofc products for small scale on.
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The company s technology converts gas into.
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Shares in ceramic fuel cells are currently trading at a 0 004 and the price has moved by 78 13 over the past 365 days.
Cfcl s developed solid oxide fuel cell sofc technology to provide reliable energy efficient high quality and low emission electricity from natural gas and renewable fuels.
In 2014 the company had sold 210 units of their fuel cell system with a total of 500 deployed units and 2014 revenues of 4 9 million for the company on losses of 17 million.
In terms of relative price strength which takes into account the overall market trend the ceramic fuel cells price has moved by 75 94 over the past year.
In addition to the funds the company said that it expected to receive a further aud 5 0m 3 3m in cash from the australian government around the middle of the year in relation to a tax refund.
Ceramic fuel cells or bust.