bullish
OEM deal to enter multi-kW CHP market
SUMMARY
Ceres Power has signed a Joint Development Licence Agreement with a leading global OEM for a multi-kW combined heat and power (CHP) product based on its Steel Cell technology. This is significant as it is the first deal where, subject to successful field trials, the partner has a planned intent to launch. It is also the first partnership targeting the commercial CHP market. The announcement underpins our estimates, which we leave unchanged.
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- OEM deal to enter multi-kW CHP market19 Dec 2016
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