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AFC Energy confirms Advanced Plastics as partner for fuel cell manufacturing

AFC has moved closer to ordering flow plates for system deployment. The latest generation flow plate will form a key performance enhancing component of AFC's product range

AFC energy production system
Advanced Plastics was named as preferred bidder on 19 March

AFC Energy PLC (LON:AFC) shares rose on Wednesday as the alkaline fuel cell power company revealed it has signed a manufacturing framework agreement with UK-based Advanced Plastics.

The agreement covers the manufacture and delivery of flow plates for use within AFC's proprietary hydrogen fuel cell system.

READ AFC Energy chooses its preferred partner for fuel cell manufacturing

Advanced Plastics will be responsible for the procurement of industrial moulding tools for the flow plate manufacture; these tools are expected to be procured under the agreement over the next few weeks.

Once received, the industrial moulding tools will enable AFC Energy to commence the ordering of flow plates for system deployment.

In afternoon trading, shares in AFC Energy were 8.9% higher at 5.20p.

 -- Adds share price --


 

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Price: 22 GBX

AIM:AFC
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Market Cap: £98.56 m
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