Proactive Spotlight:
Hydrogen fuel cell developer AFC Energy (LON:AFC) has revealed that tests with conducted by its Italian partner gives confidence that commercial life expectancy of its fuel cell stack may exceed its initial target of twelve months.
The AIM-listed firm said its joint development agreement with Italy’s Industrie De Nora SpA has conducted an extensive programme of 145 variant fuel cell tests.
The group said they had achieved “material improvements in fuel cell longevity and degradation rates” versus the successful Gen2 fuel cell baseline data.
It added that the improvements in fuel cell longevity has the “potential to materially reduce operating costs and improve the profitability of projects for AFC Energy due to improved operating cost levels.”
AFC said the lower cost of fuel cell operation further increases the market opportunity size for the group.
Other Proactive news stories:
Telit Communications Plc (LON:TCM) has completed its 100th installation of its secureWISE software platform in a semiconductor fabrication plant, which processes 300 mm wafers to be used in electronics.
Shares in Brave Bison Group PLC (LON:BBSN) soared after it was hired by Shell International to “evolve” the oil giant’s YouTube strategy and channel management.
Avacta Group PLC described as “excellent” results from the latest study of its Affimer technology, which it said is now at an “inflection point” as a therapeutic platform.
Internet domains provider Minds + Machines Group Limited (LON:MMX) has reported orders for more than 200,000 new registrations in its .vip top-level domain.
ANGLE PLC’s (LON:AGL, OTCQX:ANPCY) breakthrough cancer diagnostic is better than the existing technology in harvesting head and neck cancer cells, according to work carried out in Greece.
Collagen Solutions PLC (LON:COS) has taken another step into the wound healing product market after signing a development and manufacturing agreement with Smart Matrix.
LGO Energy PLC (LON:LGO) told investors that drilling has now started for the next new well in Trinidad, and confirmed it had closed £2.5mln of new funding.
WATCH: LGO keen to "keep drilling momentum going", says boss ...
ITM Power PLC (LON:ITM) has won a £3.5mln contract for 3Mw of electrolysis in the UK with some associated hydrogen energy equipment.
Cloud-based portfolio analytics services provider StatPro Group PLC (LON:SOG) has bagged a three-year contract extension worth C$6.0mln (£3.6mln).
Iofina plc (LON:IOF), which extracts iodine from brine water, said a cut in supply to one of its plants, IO#3, will only have a marginal impact on overall production from its facilities.
Research specialist Ergomed PLC (LON:ERGO) said a partner company successfully concluded a phase IIa clinical study, paving the way for a commercial collaboration on the next trial.
NetScientific PLC (LON:NSCI) said after a year of development, the focus in 2017 will be on boosting the value of its healthcare companies portfolio.
Metminco Limited (LON:MNC) said it made positive progress last year in its strategy to reach gold production with the acquisition of the Quinchia gold portfolio in Colombia.
Chaarat Gold Holdings Ltd (LON:CGH) is to raise US$15mln to fund the first stage of its Tulkubash heap leach project in the Kyrgyz Republic.
Tlou Energy Ltd (LON:TLOU) told investors it has renewed three prospecting licences in Botswana. The company revealed that the Lesedi project, comprising a total of five coal bed methane prospecting licences, would now run for at least a further two years.
Vinacapital Vietnam Opportunity Fund Ltd (LON:VOF) has reported strong growth in net asset value (NAV) and its share price in the second half. The NAV per share rose 10.9% in US dollar (USD) terms to US$4.18 in the six months to 31 December, from US$3.77 in the first half.
WATCH: Capital Network analyst highlights "attractive" Vinacapital fund ...
Bushveld Minerals Limited (LON:BMN) has received clearance from South African authorities for its acquisition of a 78.8% stake in Strategic Minerals Corporation from Evraz Corp.
Minerals explorer and developer Bezant Resources PLC (LON:BZT) has confirmed to investors it is targeting first production at its Choco alluvial gold-platinum project this quarter.
Stockbroker WH Ireland today upgraded its targets for Jersey Oil and Gas PLC (LON:JOG) following an independent consultant last week lifted estimates for the Verbier exploration prospect.
Lekoil Ltd (LON:LEK) has inked a deal with General Electric’s oil and gas unit for a collaboration in the development of the African oiler’s development of the Ogo field, offshore Nigeria.
Cadence Minerals PLC( LON:KDNC), formerly called Rare Earth Minerals before changing its name last month, announced today that mine permitting applications for the Yangibana neodymium project in Western Australia have been lodged.
New guidelines to cut the sugar content of sweets, chocolate, ice creams and breakfast cereals by 20% offer a tantalising opportunity for Optibiotix (LON:OPTI), ts chief executive told Proactive investors.
Rainbow Rare Earths Ltd (LON:RBW) has appointed Avocet Mining’ PLCs (LON:AVM) Jim Wynn as its chief financial officer.
Providence Resources PLC (LON:PVR) says a new seismic programme will soon be carried out off Ireland’s west coast. The Irish oil and gas company - alongside partners ENI, Repsol and Sosina – told investors that a 3D seismic exploration programme will launch in the Frontier Exploration Licence (FEL) 3/04 covering the Dunquin South area.