AFC Energy shares surge after launching 4 new product lines
Abraham Darwyne
Company News - 3 mins
10:49, 5th November 2019

AIM listed AFC Energy (AFC) FOLLOW unveiled four new branded product lines on Tuesday, as it progresses the commercialisation of its hydrogen power generating technology.

The first of the newly launched product lines, HydroX-Cell(L), is a zero emission, high efficiency alkaline fuel cell that uses a liquid electrolyte designed for large scale industrial applications at a low cost.

It also launched a similar fuel cell, HydroX-Cell(S), which is designed for stationary and mobile applications, except with a high current density.

Both these technologies use lower grades of hydrogen that take advantage of the unique reaction between alkaline fuel cells and hydroxyl group ions, which inspired the name of the HydroX-Cell product lines.

H-Power, the third product line, is a range of hydrogen power systems that includes a hydrogen fuelled off-grid electric vehicle (EV) charger.

The last product line, AlkaMem, is an anionic exchange polymer membrane with multiple applications outside of the fuel cell, which range from fuel synthesis to energy storage.

Shares in AFC Energy surged as high as 29% to 6.4p in morning trading on Tuesday following the news

The product lines are a result of a redesign and development programme which started 3 years ago.

Adam Bond, Chief Executive Officer at AFC Energy, commented "The culmination of the past three years work has led us to a clear tri-pillar approach to the branding of our core technologies within the H-Power suite of products.”

He added: “With a clear focus on our customer value proposition, we believe that these three core technologies, utilised within applications such as the Company's hydrogen fuelled EV charger to be released next month, will deliver a zero emission, low cost and high performing technology platform capable of competing favourably with PEM and SOFC fuel cell systems in the market today".

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