Ceres Power has announced that it is to raise £19.3m (net) through a placing at 8.75p/share. The funds are intended to take it through the next phase of commercialisation. Management’s target is to have five global engineering companies as customers in joint development agreements by the end of 2017 to achieve traction in multiple markets in the major regions across the world. Ceres intends to be in two commercial launch programmes by the end of 2018. The existing relationships wi
29 Sep 2016
Funds secured for next phase of commercialisation
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Funds secured for next phase of commercialisation
Ceres Power Holdings plc (CWR:LON) | 136 0 0.0% | Mkt Cap: 262.6m
- Published:
29 Sep 2016 -
Author:
Anne Margaret Crow -
Pages:
2
Ceres Power has announced that it is to raise £19.3m (net) through a placing at 8.75p/share. The funds are intended to take it through the next phase of commercialisation. Management’s target is to have five global engineering companies as customers in joint development agreements by the end of 2017 to achieve traction in multiple markets in the major regions across the world. Ceres intends to be in two commercial launch programmes by the end of 2018. The existing relationships wi