Alpha CHP Payment Received

RNS Number : 7466U

Ceres Power Holdings plc

30 June 2009

 



30 June 2009  

Ceres Power Holdings plc

('Ceres Power', 'Ceres' or the 'Company')

Ceres confirms receipt of £2m Alpha CHP payment from British Gas

 Ceres Power announces that it has received the payment of £2 million from British Gas for the successful design, build and testing of a number of 1kW grid-connected Combined Heat and Power ('CHP') products meeting all of the deliverables under the Alpha phase of the CHP programme. 

The Company expects to end its financial year on 30th June 2009 with net cash and short-term investments of at least £22 million.  The Company will announce its full year preliminary results in September 2009.‬

For further information contact:

Ceres Power Holdings plc	Tel. [phone]
Peter Bance, Chief Executive Officer/ Rex Vevers, Finance Director
Morgan Stanley	Tel. [phone]
Alisdair Gayne/Jon Bathard-Smith
Kreab & Gavin Anderson	Tel. [phone]
Ken Cronin/Deborah Walter/Robert Speed

 

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