Director/PDMR Shareholding
12 März 2008 - 8:00AM
UK Regulatory
Embargoed Release: 07:00hrs Wednesday 12 March 2008
CMR Fuel Cells Plc
(the `Company')
Director/PDMR Shareholding
CMR Fuel Cells plc, the specialist developer of high power density fuel cell
stacks for portable electronics applications, has been informed that, on 11
March 2008, Tim Curtis, Non-executive Director acquired 20,000 ordinary shares
of 10p each in the Company at a price of 36p per share. As a result, Tim Curtis
is now interested in 20,000 ordinary shares of 10p each in the Company,
representing 0.10% of the total voting rights.
-Ends-
Further Information
John Halfpenny CMR Fuel Cells plc 01223 875 544
CEO
Andrew Tan Hansard Group 020 7245 1100
www.hansardgroup.co.uk
Michael Ansell Investec Investment 020 7597 5970
Banking
About CMR Fuel Cells plc
CMR Fuel Cells plc is a UK based developer of high-performance compact fuel
cell stacks for the portable consumer electronics industry. The Company is
currently engaged with a number of consumer electronics OEMs and leading fuel
cell system developers and plans to become a leading supplier of small,
low-cost stacks for Direct Methanol Fuel Cell (`DMFC') power supply systems.
DMFC power systems can deliver longer electrical equipment run-times than
conventional battery solutions as well as delivering other superior performance
features such as instant recharge, which are ideally suited for modern feature
rich, `always on, always connected' wireless devices.
In 2006, an estimated 1 billion Li-Ion battery packs were sold world-wide to
power portable consumer electronic devices. This number is expected to rise to
an estimated 1.9 billion in the year 2008. The 2006 Frost and Sullivan report
predicted that sales of consumer portable fuel cells could reach over 38
million units by 2009.
CMR has a broad and growing intellectual property portfolio and experienced and
capable technical, commercial and management teams which, when combined with
its world-class purpose built facilities, strongly positions it at the
forefront of its high-growth target markets.
END
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