Heliocentris acquires major order for autonomous power supply solution
Berlin, Germany - October 6, 2009. Heliocentris Fuel Cells AG, a leading system integrator for fuel cells, announces its acquisition of a major order for the delivery of an autonomous power supply solution for the University of Applied Sciences Wildau in Germany. The complete solution will be used to supply energy to selected applications in a building and shall serve as a link between training and applied research. The project has a total volume of nearly half a million Euros.
The complete solution is a hybrid energy storage system consisting of a battery, fuel cell, electrolyser and adapted power electronics that can store solar or wind-generated power to be generated in the building. This allows for a self-sufficient total solution regardless of solar radiation or wind availability. In addition to the integration of four of the just launched Heliocentris Nexa 1200 fuel cell systems, one of the key aspects of the project is the development of hardware and software for energy management. The energy management delivered by Heliocentris will manage and optimise all energy flows within the system to ensure maximum availability of energy. It is planned to further optimise the energy management jointly with the customer during the test phase of the solution.
Dr. Henrik Colell, CEO, commented: “We are proud to be able to realise such a completely integrated solution for a customer and therefore consider ourselves very much in line with the trend of offering intelligent storage solutions for renewable energies. Heliocentris’ expertise in hydrogen and fuel cells, as well as in providing management solutions for more complex energy systems will come to fruition in this project.”
Thomas Lehne, Chancellor of the University of Applied Sciences Wildau: “The Department Physics Engineering is one of the leading of our strongly research oriented University. We have the expectation that the cooperation with Heliocentris will not be limited to the pure power supply technology but will lead to new impulses also in the field of energy management of renewable energies.”
Please contact us for further information:
Heliocentris Fuel Cells AG
Dr. András Gosztonyi (CFO)
Tel.: +49-(0)30-6392-6185
investorrelations(at)heliocentris.com
About Heliocentris Fuel Cells AG
Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters that transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market. Further information can be found at www.heliocentris.com
Disclaimer
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.
