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Ceres Power CEO sees 'incredibly bright future' with further partnerships and new applications

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 year-on-year growth of 20-25%. Cash and short-term investments were £108mln as of that date. ''We're not short of opportunity .... we expect to sign a couple of new partnerships this year and also we're starting to go into higher power applications'', Caldwell says.

Quick facts: Ceres Power Holdings PLC

Price: 750 GBX

LSE:CWR
Market: LSE
Market Cap: £1.29 billion
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Ceres Power Holdings announce 'significant milestone' deal with South Korean...

Ceres Power Holdings' (LON:CWR) Phil Caldwell talks to Proactive London about the 'significant milestone' of an agreed expanded collaboration with South Korean group Doosan. The deal involves the licence to manufacture the UK company's proprietary solid oxide fuel cell stacks - with 'the...

9 hours, 55 minutes ago

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