Ceramic fuel cells Ltd is a company which develops solid oxide fuel cell technology to provide reliable energy efficient high quality and low emission electricity from widely available natural gas and renewable fuels. the company is developing these types of products the small-scale on-site micro-combined heat and power and distributed generation circuits that could generate electricity and heat domestic use.
The company's strategy is to become a supplier of choice for a reliable and high electrical inefficient solid oxide fuel cell products which manufacturers can easily integrate into microgeneration appliances the European market. The company is targeting distributed generation, being the micro-combined heat and power antics of the retail markets. Initial target markets a residential houses in Australia and Western Europe with the company continuing to invest improvements in its core technology. Collaboration has been announced with other companies such as leading European research institutions which will play a leading role in solid oxide fuel cell development and commercialisation.
Another validation to strategy was a number of development agreements being signed with leading energy and hitting companies over France, Germany, the UK and other countries. As part of a long-term business strategy, a ceramic powder plant was built in the UK Australian powders used in proprietary technology. Future opportunities will be explored to make high-quality powder for other applications. It is hoped that the company can successfully and efficiently scale up Australian laboratory processes into a successful European plan. The company believes that Asian markets hold significant future potential of their microgeneration technologies and will be seeking prospective collaboration opportunities in this area.
Some of the key financial statistics of the company at its market cap is 257 million and it has 1,029,000 shares on issue the industry group that the companies identify the use as capital goods. It currently has operating revenue of $2 million and currently registers in net profit after tax of negative $15 million. As the business is in a start-up phase all of its return figures in the negative such as return on assets, return on equity and debt to equity ratio. the chief executive officer of the company is listed the Dow with the Chairman Ben J Harding and the auditors PricewaterhouseCoopers.
