AFC Energy Plc
10 April 2008
10 April 2008
AFC Energy to target waste by-product hydrogen to produce clean energy with the
appointment of Ray Yeoh as International Sales Consultant
AFC Energy plc ('AFC Energy' or the 'Company'), the low-cost alkaline fuel cell
company that generates clean electricity from by-product hydrogen, is pleased to
announce the appointment of Ray Yeoh as International Sales Consultant. A
veteran of the chlorine industry in Asia, Ray will report to Gerard Sauer, Chief
Executive of AFC Energy.
Ray has over 20 years' experience of working in the chlorine industry and will
be responsible for identifying opportunities for AFC Energy to supply its fuel
cells to companies that produce large amounts of hydrogen as a by-product of
their activity. Currently some of this hydrogen is vented off and lost into the
atmosphere.
Initially Ray will concentrate on the chlorine industry in Asia, which the
Directors estimate currently produces 26 million tonnes of chlorine and 0.78
million tonnes of hydrogen (equivalent to 1,003,7500 MW of clean electricity).
AFC Energy's first customer is the European chlorine manufacture Akzo Nobel. AFC
Energy is due to ship its first set of 3.5kW fuel cells to Akzo Nobel in August
2008.
Prior to working with AFC Energy, Ray worked as a sales and technical manager
with DuPont and ELTECH Systems for 18 years selling technical products such as
Nafion ion exchange membranes, electrolysers, DSA Anode and Cathode Coatings to
chlor-alkali plants throughout Asia. He has played key roles in the sale of
several chlor-alkali plants with values between US$1million and US$5 million. He
has also worked with other technical teams on start-up chlor-alkali membrane
plants in South East Asia.
Gerard Sauer, Chief Executive Officer, AFC Energy, commented:
'With AFC Energy's strategy of taking its fuel cells directly to the hydrogen
source, Ray's knowledge and contacts within the chlorine industry will be
invaluable to AFC Energy and we welcome him to the Company.
'Having proved the viability and performance of our technology we look forward
to Ray playing a key role in the roll-out of our fuel cells and ensuring AFC
Energy becomes recognised as a key power generation partner to the industrial
sector.'
- Ends -
For further information please visit www.afcenergy.com or contact:
AFC Energy Plc 01483 276 726
Gerard Sauer, Chief Executive
Madano Partnership 020 7593 4000
Mark Way
About AFC Energy
AFC Energy develops low-cost alkaline fuel cells for industries that produce
hydrogen as a by-product. This hydrogen is used by AFC Energy's fuel cells to
produce clean electricity.
AFC Energy's fuel cells have been developed with a focus on three key criteria:
• reduced precious metal content;
• operable at low temperatures to allow the use of plastic mouldings; and
• high efficiency levels with an approximate conversion rate of 60%
Having achieved these three objectives, AFC Energy has significantly reduced the
cost of its technologies and thereby ensured the continuing commercialisation of
its fuel cells.
This information is provided by RNS
The company news service from the London Stock Exchange
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