DGAP-News: Heliocentris Fuel Cells AG: Heliocentris wins order in Saudi Arabia
(firmenpresse) - Heliocentris Fuel Cells AG / Miscellaneous
11.03.2010 10:01
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Berlin-based supplier of energy storage solutions underlines expansion
strategy in the Gulf with a further order
Berlin - 11 March 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 King Saud University, Riyadh, one of the most prestigious
universities in Saudi Arabia.
'This project from Saudi Arabia represents the third major order which we
have received from the Gulf within the space of just a few months', says
Dr. András Gosztonyi, CFO of Heliocentris, happily. 'The project in Saudi
Arabia underlines yet again our expansion strategy in the Middle East', he
adds.
Heliocentris will deliver an entire energy solution including a
photovoltaic and wind power system. The solution includes a hybrid energy
storage system consisting of a battery, fuel cell, electrolyser and adapted
power electronics that store the solar or wind power generated locally.
Saudi Arabia is particularly interested in the field of renewable energies.
To mark the opening of the new 'University of the Future', King Abdullah
University of Science and Technology, the Minister for Oil and Natural
Resources announced that Saudi Arabia wants to produce and export as much
energy from solar power within the next 15 years as it is currently
producing from fossil energy carriers.
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
Katja.Rinkinen(at)collegehill.de
11.03.2010 10:01 Ad hoc announcement, Financial News and Media Release distributedby DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Heliocentris Fuel Cells AG
Rudower Chaussee 29
12489 Berlin
Deutschland
Phone: +49-(0)30 63 92 63 25
Fax: +49-(0)30 63 92 63 29
E-mail: info(at)heliocentris.com
Internet: www.heliocentris.com
ISIN: DE000A0HMWH7
WKN: A0HMWH
Listed: Freiverkehr in Berlin, Stuttgart; Entry Standard in Frankfurt
End of News DGAP News-Service
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Datum: 11.03.2010 - 04:01 Uhr
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