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CFCL Debuts on Australian Stock Exchange.

Victoria, Australia-based solid oxide fuel cell technology developer Ceramic Fuel Cells, Ltd. (CFCL) recently announced its debut as a publicly listed company on the Australian Stock Exchange.

According to the company, its initial public offering raised a total of $15 million, which follows a private capital raising of $10 million earlier this year. CFCL noted that these monies are intended for "the imminent commercialization and continued improvement of the technology."

"Investors have recognized that we have the technology and capability for commercial success," said CFCL executive chairman Julian Dinsdale. "They have also accepted the importance and relevance of renewable energy at a time when increasingly stringent environmental standards are both limiting the growth of conventional power generation capacity and encouraging the development of clean and alternative technologies."

Contact: CFCL, website http://www.cfcl.com.au.

(EIN STAFF: 7/5)
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Publication:Fuel Cells Today
Geographic Code:8AUST
Date:Jul 14, 2004
Words:139
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