• Experience and/or knowledge of the following would be an advantage:

• Ideal candidates will be trained in mechanical engineering to HND level or equivalent. However training and background experience in relevant areas would also be acceptable

• Practical and good with their hands

• Proven ability in fault diagnosis

• Good communication skills with the ability to explain technical issues to people of varying levels of technical knowledge

• Good understanding of technical diagrams and manuals

• Ability to address technical issues encountered within the site application

• Ability to demonstrate evidence of reliability and working without supervision

• Have an interest in science, engineer and technology

Candidates will also be able to demonstrate experience in some of the following:

• Operating and maintaining test equipment

• Analysing and reporting on test data

• Thorough and logical approach to work

• Working successfully both as a team player and individually

• Ability to show a proactive and innovative approach

• Ability to communicate in German (not essential)

The role will be based at our offices in Cranleigh, Surrey although some extended periods of travel, initially to Germany, will be involved.

Contact: Christine Jones 01483 266830 Email: cjones@afcenergy.com

• Fuel cell rig assembly, commissioning, testing and reporting
• Ideal candidates will be trained in mechanical engineering to HND level or equivalent
• Testing, calibration and performance verification of equipment
• Ability to address any technical problems encountered within the production department
• Assist in diagnosing faulty components
• Check and ensure that all product records and test results are correct and complete before filing
• Participate in the production (assembly and testing) of equipment
• Liaise and communicate with suppliers / sub-contractors on a technical level as required
• To continually look for ways to improve the test procedures

Ideal candidates will also be able to demonstrate experience in some of the following:

Operating and maintaining test equipment

Analysing and reporting on test data

Thorough and logical approach to work

Working successfully both as a team player and individually

Ability to show a proactive and innovative approach

Salary: c. £22,000

Contact: Christine Jones 01483 266830 Email: cjones@afcenergy.com

AFC Energy Plc’s issued capital consists of 127,682,854 ordinary shares of 0.1 pence each with voting rights.

The Company does not hold any ordinary shares in Treasury, therefore the total number of voting rights in AFC Energy Plc is 127,682,854.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, AFC Energy Plc under the FSA’s Disclosure and Transparency Rules.

AFC Energy plc
Gerard Sauer, Chief Executive
01483 276726

Blue Oar Securities
Shane Gallwey / Andrew Raca / Jerry Keen
020 7448 4400

Madano Partnership
Mark Way
020 7593 4000

Following this transfer, Mr Sauer’s holding both before and after the placing of new ordinary shares announced on 21 May 2008 is as follows:

Holding before share issue: 1,530,000
% of total: 1.74%

Holding after share issue: 1,757,272
% of total: 1.38%

Placing Highlights

• 40 million new ordinary shares of 0.1 pence each are to be issued in connection with the placing, representing 31.3% of the enlarged issued share capital
• The size of the offer was increased owing to strong demand from institutional investors
• The new ordinary shares will be issued at a price of 11 pence per share, representing a discount of 4.3% to the closing price on AIM on 20 May
• Part of the proceeds from the placing will be used to provide operating capital for the completion and installation of AFC Energy systems at Akzo Nobel’s Bitterfeld site in Germany, and for the development of AFC Energy’s 50kW system
• Proceeds will also be used for the establishment of manufacturing processes and supply chains with third parties with the opening up of additional sales opportunities
• Application will be made to the London Stock Exchange for the new shares to be admitted to trading on AIM. It is expected that admission will become effective and that dealing will commence on 28 May 2008
• When issued, the new ordinary shares will rank equally with the Company’s existing ordinary shares

Gerard Sauer, Chief Executive, AFC Energy plc:

“Taking the fuel cell to the energy source to avoid many of the costs and infrastructure problems of moving hydrogen, is at the heart of the Company’s strategy. The support shown by new and existing shareholders in AFC Energy is very encouraging.

“The chlorine industry, which is familiar with our type of technology, remains a very important market for AFC Energy; the chlorine industry offers significant amounts of hydrogen currently being vented and lost into the atmosphere. The funds we have raised will help us to maximise the opportunities we have identified in this and other potentially lucrative markets.

“As the Company moves towards commercialisation with shipments due to commence to AFC Energy’s first customer Akzo Nobel in August this year, the Company will identify and secure reliable third-party suppliers to provide low-cost plastic mouldings. In addition AFC Energy will shortly begin working with a manufacturing partner to assemble the final product.

“With many other industries generating by-product hydrogen, the prospects for AFC Energy are very exciting.”

Following the share placing, significant shareholders in the Company are as follows:

Directors’ shareholdings before and after the placing are as follows:

View this announcement as a PDF

AFC Energy’s Annual Report and Accounts for the year ended 31 October 2007 was posted to all shareholders of the Company. Copies of the Annual Report and Accounts are available on the Company’s website at www.afcenergy.com.

All resolutions from today’s AGM were duly passed.

Appointment of Mitchell Field

AFC Energy plc announces the appointment to the Board of Mitchell Laurence Field as a non-executive Director with immediate effect.

Mitchell, aged 56, has considerable commercial experience. He is Managing Director and majority shareholder of Richards and Appleby Ltd, the cosmetics manufacturing company, where he takes responsibility for sales and marketing, overseeing all blue chip customers in the UK as well as exports to over 60 international companies.

In addition Mitchell has held investments and management interests in a range of other companies across a broad number of industries.

Current directorships

DF Thatcher (Investments) Limited
Cyclax Limited
Solar Cosmetics International Limited
Richards & Appleby Limited
Richards and Appleby Holdings Limited
Westmond Investments Limited
Cathedral Road Developments Limited
Leighton Denny Limited
The Original Swinky Company Limited
Directorships in the last 5 years (not current)

Daniel Field Limited
Theme Estates Limited
Cathedral Road Limited
Ark Business & Culture Communications (UK) Company Limited

Mitchell Field was a director of The Organic Hair Company Limited, which went into voluntary liquidation in 1980. Mitchell was also a director of Stephens Packaging Limited subsequent to its acquisition by Richards & Appleby Limited in August 1989. In October 1989 Stephens Packaging Limited went into voluntary liquidation.

There is no further information to be disclosed in relation to the above appointment pursuant to Schedule 2 paragraph (g) and Rule 17 of the AIM Rules for Companies.

Gerard Sauer, Chief Executive, AFC Energy said:

“As AFC Energy increases its own sales activity, we welcome Mitchell to the Board and look forward to seeing the Company benefit from his commercial expertise.”

Ray has over 20 years’ experience of working in the chlorine industry and will be responsible for identifying opportunities for AFC Energy to supply its fuel cells to companies that produce large amounts of hydrogen as a by-product of their activity. Currently some of this hydrogen is vented off and lost into the atmosphere.

Initially Ray will concentrate on the chlorine industry in Asia, which the Directors estimate currently produces 26 million tonnes of chlorine and 0.78 million tonnes of hydrogen (equivalent to 1,003,7500 MW of clean electricity).

AFC Energy’s first customer is the European chlorine manufacture Akzo Nobel. AFC Energy is due to ship its first set of 3.5kW fuel cells to Akzo Nobel in August 2008.

Prior to working with AFC Energy, Ray worked as a sales and technical manager with DuPont and ELTECH Systems for 18 years selling technical products such as Nafion ion exchange membranes, electrolysers, DSA Anode and Cathode Coatings to chlor-alkali plants throughout Asia. He has played key roles in the sale of several chlor-alkali plants with values between US$1million and US$5 million. He has also worked with other technical teams on start-up chlor-alkali membrane plants in South East Asia.

Gerard Sauer, Chief Executive Officer, AFC Energy, commented:

“With AFC Energy’s strategy of taking its fuel cells directly to the hydrogen source, Ray’s knowledge and contacts within the chlorine industry will be invaluable to AFC Energy and we welcome him to the Company.

“Having proved the viability and performance of our technology we look forward to Ray playing a key role in the roll-out of our fuel cells and ensuring AFC Energy becomes recognised as a key power generation partner to the industrial sector.”

AFC Energy’s fuel cells use reduced levels of precious metal and the Company has a clear route to commercialisation by selling fuel cells directly to the end-user. Akzo Nobel is AFC Energy’s first customer.

HIGHLIGHTS

• Successful admission to AIM, raising proceeds of £3 million before expenses
• Contract won with Akzo Nobel to provide financial support for fuel cell development and commitment to purchase fuel cell systems
• Development of fully scaled single cell prototype that will be used in the 3.5kW, 50kW and 200kW systems
• Delivery of first fuel cells to Akzo Nobel scheduled for August 2008

Gerard Sauer, Chief Executive, AFC Energy said:

“The IPO of AFC Energy has given the Company greater visibility amongst industrial companies looking to reduce their energy costs.

“We are experiencing increasing interest from potential customers who are keen to use our fuel cells to produce clean electricity from their hydrogen that would otherwise be vented off into the atmosphere.

“As AFC Energy moves into a production phase ahead of delivery of our first fuel cells to Akzo Nobel, we continue to make technological improvements to drive down the cost of our fuel cell components.”

Read the full press release - Preliminary results to 31 October 2007 (PDF)

Read the full Annual Report (800kb PDF)

AFC Energy plc, (“AFC Energy” or the “Company”), the low cost alkaline fuel cell company that focuses on industrial markets, is pleased to announce that it has successfully achieved its fifth technological milestone; 500 hours operation of its prototype system.

The successful running of AFC Energy’s prototype fuel cell confirms the durability and stability of the system after prolonged operation. Two prototypes systems were tested at the same time, both provided similar and consistent satisfactory performances. These results combined form over 1,000 hours of testing, validating the reliability of the prototype.

This milestone has been achieved within the projected timescale described in the Company’s Admission Document of April 2007.

The 500 hour operation is a significant development in the run up to beginning shipment to the Company’s customer, Akzo Nobel, who will use AFC Energy’s fuel cells to generate clean energy from the hydrogen it produces as a by-product. The prototype provides valuable operating data which will be used to assist the successful integration of the fuel cells into Akzo Nobel’s complex operating systems.

Akzo Nobel is the fourth-largest company in the chlorine manufacturing industry. The directors of AFC Energy estimate that the global chlorine industry produces approximately 1.6 million tones of hydrogen every year.

Fundamental to ensuring AFC Energy’s fuel cells reach commercial viability has been the reduction in the system’s costs. As part of this process, AFC Energy has eliminated the need for the life of electrodes to exceed 8,000 hours by making them easily replaceable and recyclable by housing them in a series of exchangeable cartridges.

Multiple cartridges assembled together will form a 3.5kW system. Initially five 3.5kW systems have been ordered, with delivery scheduled to start in August 2008 to Akzo Nobel’s site in Bitterfeld, Germany.

Gerard Sauer, Chief Executive, AFC Energy plc, said:

“This is the penultimate milestone prior to the delivery of commercial units to Akzo Nobel in August 2008 and it is extremely satisfying to have reached this point ahead of schedule.

“Through the cartridges that house the electrodes, we have developed a ‘plug and power’ system that is easy to maintain, ensures the viability of our fuel cells and makes mass production a more simple operation.

“AFC Energy is now well positioned to become a real force in providing industrial companies with solutions that allow them to re-use hydrogen to recover energy costs and contribute to their own profitability.”

Tim Yeo, Chairman, AFC Energy plc, said:

“For fuel cells and any other type of renewable energy to be viable, it is essential they can compete with existing sources of power generation.

“AFC Energy has always adopted a strategy of identifying the application and then developing the solution. With the industrial sector’s huge energy requirements it remains the focus for the Company. It is extremely pleasing that the Company’s prototype is performing and can be manufactured at a marketable level. We remain confident about the prospects for AFC Energy.”
For further information please visit www.afcenergy.com or contact:

AFC Energy plc

Gerard Sauer, Chief Executive
01483 276 726

Blue Oar Securities

Shane Gallwey

Jerry Keen
020 7448 4400

Madano Partnership

Mark Way / Graham Moonie
020 7593 4000