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5 November - Australia's Ceramic Fuel Cells Ltd (CFCL) has this week enhanced its international position with progress on a number of fronts - AIM admission, trade delegations and presentations of its unique technology.
UK advisors from Durlacher have been in Australia commencing their due diligence review of CFCL for the company's proposed admission to the Alternative Investment Market (AIM) on the London Stock Exchange.
Durlacher was appointed in October to assist with CFCL's application and admission to the AIM. The intent is to gain dual listing of CFCL's existing shares, enabling increased liquidity in trade through an expanded market.
CFCL delegates were specifically invited to a select briefing with the German trade delegation visiting Australia from the state of North Rhine Westphalia to discuss business partnerships. This follows discussions between CFCL and heads of government, industry and universities in NRW in Germany last year.
CFCL is considering a number of options for location of a fuel cell mass manufacturing plant in Europe and investment partnerships in development of this facility. CFCL is also working to form relationships with appliance manufacturers for the inclusion of its highly efficient natural gas fuel cell as an electricity and heat generator.
CFCL has this week also participated in the prestigious international US Fuel Cell Seminar in Texas, now an annual event with over 2000 delegates from around the world. CFCL's Chief Technology Officer, Dr Karl Foger, presented a paper to the delegates outlining the achievements of the company in resolving complex technical challenges*.
* This presentation is available on www.cfcl.com.au
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