Saturday 15 December 2012

Ceres Power Revisited

Recent press releases suggest that fuel-cell boiler manufacturer Ceres Power, discussed here and here, will not be wound up after all: IP Group plc is investing up to £1.25m, injecting new management and changing the business model to earning revenues “from a combination of development licenses, on-going fees for services and royalties on partners' mass market product sales”.  The task of manufacturing and selling complete fuel-cell boilers will now lie with OEM licensees.

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