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Ceres Power on track to see full year revenues more than double

Phil Caldwell, chief executive of Ceres Power Holdings PLC (LON:CWR), speaks to Proactive London's Andrew Scott after recently announcing their half-year results to December 2018.

Caldwell says full year revenue and other operating income's on track to more than double for the fourth successive year to more than £15 million.

Ceres is the brains behind the SteelCell, a low-cost, next-generation fuel cell, which is in its fifth iteration.

The firm has deals with Robert Bosch and Chinese engineering giant, Weichai - field trials have begun with large manufacturers, while there is a healthy pipeline of potential partners at the evaluation stage.

Quick facts: Ceres Power Holdings PLC

Price: 579.404 GBX

LSE:CWR
Market: LSE
Market Cap: £989.71 m
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Ceres Power CEO sees 'incredibly bright future' with further partnerships...

Ceres Power Holdings PLC's (LON:CWR) Phil Caldwell tells Proactive London's Andrew Scott they're in a strong position and are enjoying good operational momentum despite the coronavirus (COVID-19) outbreak. Revenue for the period to June 30, 2020, will be in the region of £20mln, representing...

5 days ago

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