RNS Number : 7466U
Ceres Power Holdings plc
30 June 2009


30 June 2009  

Ceres Power Holdings plc

('Ceres Power', 'Ceres' or the 'Company')

Ceres confirms receipt of £2m Alpha CHP payment from British Gas

 Ceres Power announces that it has received the payment of £2 million from British Gas for the successful design, build and testing of a number of 1kW grid-connected Combined Heat and Power ("CHP") products meeting all of the deliverables under the Alpha phase of the CHP programme. 

The Company expects to end its financial year on 30th June 2009 with net cash and short-term investments of at least £22 million.  The Company will announce its full year preliminary results in September 2009.‬

For further information contact:

Ceres Power Holdings plc

Tel. +44 (0)1293 400 404

Peter Bance, Chief Executive Officer/ Rex Vevers, Finance Director

Morgan Stanley

Tel. +44 (0)20 7677 5044

Alisdair Gayne/Jon Bathard-Smith

Kreab & Gavin Anderson 

Tel. +44 (0)20 7554 1400

Ken Cronin/Deborah Walter/Robert Speed

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