Heliocentris acquires a further order in the Gulf
Berlin-based supplier of energy storage solutions to supply an autonomous energy supply solution to a training centre in Kuwait
Berlin – March 1, 2010. Heliocentris Fuel Cells AG, a leading specialist in clean energy storage solutions, is pleased to report a further order for the supply of an autonomous power supply solution for the laboratory area. The client is PAEET (Public Authority for Applied Education and Training), a recognised training centre in Kuwait.
“This order from Kuwait is a further project for us in the Middle East, following the order we just recently received from an oil company in Bahrain”, Dr. András Gosztonyi, CFO of Heliocentris, is happy to report. “We have been working intensively in the region for more than three years now, and already have other projects in the pipeline. Heliocentris is well positioned to accompany the Gulf into the renewable future”, he adds.
Heliocentris will supply PAEET with a fully-integrated energy solution consisting of PV modules, a wind generator, an electrolyser and a fuel cell system as well as the associated energy storage management solution. This will make the storage of renewable energies and the use of such energies in an integrated energy supply concept a reality. In this way, PAEET is making a fully-integrated renewable energy system available to its students – and is introducing them today to the energy supply of tomorrow.
In December, Heliocentris received an order from Bapco (Bahrain Petroleum Company) to supply a complete system, including a PV module and a wind power plant, for a building.
About Heliocentris Fuel Cells AG
Heliocentris Fuel Cells AG is a specialist for clean energy storage solutions based on a smart combination of batteries, fuel cells and energy management. Areas of application are mobile and stationary applications that require longer ranges than current batteries can provide. Examples are electric vehicles, onboard and emergency power supplies as well as electricity supply for off-grid applications such as monitoring stations or energy self-sufficient houses. Heliocentris has been developing and marketing fuel cell-based energy solutions for more than 10 years now. Heliocentris initially targeted the training and lab markets as typical pioneer markets, where it has successfully positioned itself as one of the worldwide market leaders. Since 2006, Heliocentris has been entering selected industrial markets with considerable growth potential. With customers in over 60 countries and a broad distribution and partner network, Heliocentris is globally well positioned. Heliocentris Fuel Cells AG is listed at the Frankfurter Wertpapierbörse (Entry Standard) and employs in total 50 staff with its head office in Berlin and a subsidiary in Vancouver, Canada. Further information is available 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.
Press contact:
Dr. András Gosztonyi
CFO / Managing Director
Heliocentris Fuel Cells AG
+49-(0)30-6392-6185
a.gosztonyi(at)heliocentris.com
Katja Rinkinen
Senior Consultant
College Hill GmbH
+49-(0)69-133896-12