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AFC milking government praise
10-09-2012 10:33
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AFC Energy, the industrial fuel cell company, has highlighted its latest glowing assessment by the government sponsored technology innovation centre known as 'Catapult'.
Inspector Dr Jon Helliwell said the "pace of development within AFC Energy appears to be accelerating and the company has clearly moved a long way from a proof of concept phase into demonstration and production.
"The company is delivering on both its technology road map and its commercial business plan."
This is all very well, and the stock price has certainly jumped (up 2% in morning trading), but AFC has still fallen 24.4% since the beginning of the year.
BS
Inspector Dr Jon Helliwell said the "pace of development within AFC Energy appears to be accelerating and the company has clearly moved a long way from a proof of concept phase into demonstration and production.
"The company is delivering on both its technology road map and its commercial business plan."
This is all very well, and the stock price has certainly jumped (up 2% in morning trading), but AFC has still fallen 24.4% since the beginning of the year.
BS
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