University of Chemistry and Technology,Prague is a natural centre for high-quality instruction and research in the areas of technical chemistry, chemical and biochemical technologies, materials and chemical engineering- Collaboration with
Prague University provides access to leading-edge instrumentation and third-party engineering expertise needed for AFCP to confirm electrode function without the use of precious metals - AFCP positioned to support Europe’s targeted net-zero carbon emissions by 2050 with hydrogen powered fuel cell system planned for release in 2024
UCT Prague Strategic Collaboration
AFCP has secured a formal collaboration agreement with UCT Prague whereby AFCP is able to utilize the university’s state-of-the-art facilities in the Company’s ongoing efforts to verify the functionality of electrodes comprised of non-precious materials within its Gen 3.0 systems. As one of the country’s largest educational and research institutions in the area of chemical technologies, UCT Prague’s laboratories are equipped with high-level spectral analysis capabilities as well as other specialized equipment that AFCP would be unable to access without such a relationship.
“Securing this collaboration with UCT Prague is a critical milestone on the path to commercialization of our next generation alkaline fuel cell system. It affords AFCP access to unparalleled equipment, laboratory capabilities and technological expertise that would be cost-prohibitive for us to procure as a stand-alone entity,” said Jef Spaepen, CEO of AFCP. “The objective with this collaboration is to reduce manufacturing costs in order to reach a broad market. The University will provide us with the equipment and expertise needed to obtain critical success in this venture.”
Fuel cells offer a proven solution for generating both heat and electricity, but traditionally have required expensive precious metals such as platinum to comprise the key components of the electrode, which becomes cost prohibitive for mass production. AFCP’s Gen 3.0 technology is designed to overcome this limitation and support broad adoption by both residential and commercial customers globally. Put simply, a fuel cell consists of two electrodes - a negative electrode (also called an anode) and a positive electrode (also called a cathode) - which both encase an electrolyte. When a fuel such as hydrogen is fed to the anode, and air is fed to the cathode, a reaction occurs and electrons pass through an external circuit that creates a flow of electricity. The protons migrate through the electrolyte to the cathode, where they combine with oxygen and the electrons, producing clean water and heat.
Release of Hydrogen Europe’s “Clean Hydrogen Monitor 2021” Report
Hydrogen
“The past year has seen ever-increasing momentum for the hydrogen industry in
About
The Company is focused on the development and production of micro-combined heat and power (“micro-CHP”) systems based on alkaline fuel cell technology. A fuel cell is a clean electrical power conversion/generation system, akin to small power stations that provide electricity and an equivalent amount of heat for various purposes. Based on hydrogen powered alkaline fuel cell technology, our technology offers an energy source that generates zero CO2 emissions with pure water as the only by-product, making it ideally suited for residential and small- to medium-sized power markets. We believe
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Forward-Looking Information
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