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AFC Energy agrees tie-up with Italian electrodes specialist

According to AFC chief executive Adam Bond De Nora is “arguably the world's leading designer, manufacturer and supplier of electrodes”.

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AFC's technology offers a revolution in generating electricity.

AFC Energy plc (LON:AFC) has signed a joint development agreement (JDA) with an Italian firm called Industrie De Nora designed to “accelerate the commercialisation” of former’s fuel cell technology.

The pair plan to widen the collaboration to develop new products based around AFC’s technology subject to the “satisfactory progress” of the initial collaboration.

The tie-up follows “extensive technical discussions between the two parties over recent months”.

According to AFC chief executive Adam Bond De Nora is “arguably the world's leading designer, manufacturer and supplier of electrodes”.

“The relationship and the proposed program for collaboration will significantly build on the recent successes of AFC Energy and will no doubt materially de-risk and speed up AFC Energy's path to commercialisation,” he added.

“I am delighted that AFC Energy will now be working closely together with De Nora and its world class team." 

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Price: 26.5 GBX

AIM:AFC
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Market Cap: £122.66 m
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