AFC Energy - Re: AFC Stream Log - Beaufort's note from this morning:...

Beaufort's note from this morning: AFC delivered satisfactory performance in H1 2016. The company continued to receive grants from the EU for its involvement in three projects related to the alkaline fuel cell system and other technologies such as a fuel processing system and a novel ammonia fuel system. AFC completed Milestone 11 and achieved a gross electrical output of 204kW from the KORE fuel cell system. The completion of this milestone provided significant technical and operational data, which has enabled the team to fully assess and identify further areas where enhancements can be made to optimise the fuel cell system. Meanwhile, AFC is progressing well for developing further strategic and technical partnerships for new power projects in its target markets. The company remains fully funded owing to grants received from EU and raising through offer for subscription. We are buoyed by the company's progress at the KORE system and await future updates on it." pulled from Research Tree