Agreement with N2telligence

RNS Number : 2444G

AFC Energy Plc

10 May 2011

 



10 May 2011

Embargoed until 07:00

AFC Energy PLC

("AFC Energy" or the "Company")

Agreement with N₂telligence

AFC Energy (AIM:AFC), a world leading developer of alkaline fuel cells, announces that it has signed a binding Heads of Terms with N₂telligence GmbH relating to the use of alkaline fuel cells for fire protection.

Under the terms of the agreement AFC Energy and N₂telligence will work together on an exclusive basis, whereby AFC Energy will only supply the exhaust air from its alkaline fuel cell systems to N₂telligence for fire protection and low oxygen environments and N₂telligence will only source alkaline fuel cell exhaust air from AFC Energy's alkaline fuel cell systems for fire protection and low oxygen environments.

N₂telligence has licensed patents from Airbus in order to develop fire protections systems that use the exhaust air from fuel cell systems to create low oxygen environments. Such a system developed by N₂telligence creates a low oxygen environment in a room reducing it from c.21% to 15%. At this level the air is still breathable but an open fire cannot spread.

Both parties believe that as this method of fire protection becomes more widespread it is likely to be actively supported by insurance companies and could be reflected in lower insurance premiums for those that adopt it.

The lowering of fire risk whilst simultaneously generating on-site, clean electricity offers the prospect of use in data centres, archive stores, hazardous materials stores, telecommunication equipment rooms, vaults, museums and boiler rooms. Such areas require a failsafe solution that protects against fire without impacting safe access for personnel.

Ian Balchin, Deputy Chairman of AFC Energy plc, commented:"The innovation at N₂telligence opens up another avenue for AFC Energy's fuel cells. Our alkaline fuel cell is being developed as a method of generating cost effective, clean electricity at up to 60% electrical efficiency. It also produces water and heat, now there are applications for the exhaust air and through N₂telligence all of these have a commercial value.

Lars Frahm, CEO of N₂telligence, commented: "N₂telligence creates fire prevention systems based upon the fuel cell. We are delighted to be working with AFC Energy which offers the potential for low cost applications."

For further information, please contact:

AFC Energy plc Tim Yeo, Chairman Ian Balchin, Deputy Chairman Ed Wilson, Managing Director	[phone]
Allenby Capital Limited                   Brian Stockbridge Alex Price	[phone]
Threadneedle Communications John Coles Fiona Conroy	[phone]
N2telligence GmbH Lars Frahm	[phone]

About AFC Energy 

AFC Energy is a world leading developer of low-cost alkaline fuel cells that uses hydrogen to produce clean electricity. AFC Energy's technology is focused on large-scale industrial applications and the objective of producing the lowest possible unit cost electricity. AFC Energy's alkaline fuel cell has the capability to significantly reduce carbon emissions for businesses of all shapes and sizes. The technology is the most efficient method of converting hydrogen into electricity, and by-products, such as low grade heat and deionised water, further increase energy efficiency and commercial value.

Please visit our website for further information, www.afcenergy.com.

About N₂telligence

N₂telligence develops fire prevention systems based upon fuel cell technology. Their first commercially available product QuattroGeneration 100 is the most efficient fuel cell system on the market and combines fire prevention and energy generation 24/7. The system is designed for data centres, large storage warehouses, deep freezing storage and other industrial applications. 

For its environmental, economic and safety advantages the system QuattroGeneration was awarded the international SECURITY INNOVATION AWARD 2010 in GOLD at the world's largest security fair in Essen, Germany October 2010.

Furthermore N₂telligence won the GERMAN DATA CENTRE AWARD 2011 in the category innovative data centre products. www.n2telligence.com

 

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