CFCL_DE taken over by SolidPower

I did say CFCL would continue:

http://www.pressebox.de/pressemitteilung/solidpower-spa/Brennstoffzellen-Energiegeraetehersteller-SOLID-POWER-uebernimmt-das-Geschaeft-der-Ceramic-Fuel-Cells-GmbH/boxid/745413#.VZQMSORJZXA.twitter
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Fuel cell power device manufacturers SolidPower takes over the business of Ceramic Fuel Cells GmbH




Beschlossen und besiegelt: Jakob Gerards, Erster Beigeordneter der Stadt Heinsberg (2. von rechts) freut sich, dass Guido Gummert, Geschäftsführer der SOLID POWER GmbH (3. von links) die CFC GmbH übernimmt und darin eine Ergänzung zur Weiterentwicklung der stationären Brennstoffzellen-Technologie zur Erzeugung von Strom und Wärme sieht. Mit im Bild zu sehen (v.l.n.r.): Michael Dahmen, Leiter der Wirtschaftsförderung Heinsberg, Niels Zumbaum, stellvertretend für den Insolvenzverwalter der CFC, Frank Obernitz, bisheriger CFC-Geschäftsführer
(PresseBox) (Heinsberg,   01.07.2015   ) The SolidPower GmbH has taken over the 01 July 2015, the business of Ceramic Fuel Cells GmbH (CFC) in Heinsberg.  CFC is the developer and manufacturer of BlueGen, currently the most efficient micro power plant based on fuel cell technology.  The unit supplies residential and commercial buildings with electricity and heat locally, reducing both energy costs and environmental impact.  "SOLID POWER is not only to continue the existing business and expand the production and distribution of BlueGen continue, but accelerate the competitiveness of this technology of the future with an expanded development and production concept," announced Guido Gummert, CEO of SOLID POWER GmbH.

Secured jobs of CFC

The Ceramic Fuel Cells GmbH had to file for insolvency after the payments of the Australian parent company stayed away on 04 March this year, the district court Aachen.  By decision of the Amtsgericht Aachen insolvency proceedings attorney Jörg Zumbaum was opened on 01 June, was appointed as liquidator.  To July 01, 2015 Now the SolidPower GmbH has taken over the assets and all employees of Ceramic Fuel Cells GmbH.  "The site is secured," it says on the part of SolidPower: "With the acquisition of CFC, which is the BlueGen on the market since 2012 marketed SolidPower BlueGen and BlueGen delivers 'SolidPower' - solid, reliable power. We are very proud to build this high technology in Germany for Europe. "says Alberto Ravagni, CEO of the Italian parent company SolidPower SpA Production of BlueGen in Heinsberg near Aachen will now be expanded with the existing technical personnel continue.

The sales and service is coordinated from this location "We are happy that with the SolidPower an investor has gathered, which will bring the in Heinsberg so hopefully begun construction of this innovative technology further into the market," said the mayor expressed the city Heinsberg, Wolfgang dihedral, "it's not just about safeguarding existing jobs, but also to the expansion".

Extended group of users, lower manufacturing costs - of decentralized energy devices market gets boost

The SOLID POWER GmbH is part of the entire company, headquartered in Mezzolombardo, Italy, which is also developing fuel cell power units, produces and sells.  Managing Director Guido Gummert sees the merging of SolidPower and the CFC in Heinsberg an extensive, competitive concept: "Worldwide demand for energy will go in yet unimagined heights, with significantly more electricity than heating demand The technical concept of BlueGen micro power plant with an electric. power of 1.5 kW and a comparatively low heat generation of 0.6 kW is designed for residential and small business. With the development and production of the "Narrows 2500" -Gerätekonzepts the SolidPower, with an electrical output of 2.5 kW and the thermal of 2.0 kW, we go beyond that and cover the needs of residential and small commercial buildings with greater energy requirements. With the acquisition of CFC, we reach in the foreseeable future an interesting and competitive form of synergy. We carry out the technological edge of imported and available in the market with the BlueGen recognizable in the bud, the future production of inexpensive SolidPower-energy devices together ".  The well-functioning network of sales and service partners of the CFC in Heinsberg Games aspirations for a consolidated market entry to ensure thinks Gummert on.  "With SolidPower we will get the service for all BlueGen owners erect and expand the existing partners from trade and energy supply distribution" presents Andreas Ballhausen, responsible for sales and service firm.

The current operation is continued by SolidPower

Insolvency Jörg Zumbaum is very satisfied with the solution: "The fact that all jobs were preserved, is one of the good news, the other is the sure that the creditors a good compromise has been achieved.."  Business operations will continue with immediate effect by SolidPower.  For customers, suppliers and business partners the usual contacts remain available.

About the BlueGen the CFC GmbH, Heinsberg

BlueGen is the first market-ready natural gas-powered micro power plant based on fuel cells for electricity and heat supply of residential buildings, public buildings and small businesses.  The highly reliable fuel cell technology delivers up to 13,000 kWh of electricity per year - all year-emission and decentralized, where the energy is needed.  Through the world's unique high electrical efficiency of up to 60 percent of end users can cut their electricity costs running about.  The overall efficiency increases with additional use of thermal energy for hot water production even up to 85 percent.  In the current production with BlueGen plants compared to the German electricity mix incurred up to 50 percent fewer CO2 emissions.  As the investments are reliable, regardless of weather conditions and constantly available, they can be used in the power grid to compensate for fluctuations.  This makes them the ideal counterpart to unstable energy sources such as solar and wind energy. http: //www.ceramicfuelcells.de / ...
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What to make of CFU from liquidators report:

P23
We are continuing to investigate the actions of the Directors (including non-statutory directors who
could be considered a director under Section 9 of the Act, if any) and any offences that may warrant
a report to be lodged with ASIC. Further, we note that a Liquidator must lodge a report with ASIC if a
dividend of less than 50¢ in the dollar is paid to unsecured creditors.
Based on our preliminary investigations in the short time available, we have set out below a table
summarising the relevant offence provisions under the Act and our comments as to whether further
investigations are warranted.

Well, wait and see I guess maybe the report will be of interest, the https://www.australianshareholders.com.au/ may well take an interest if enough gets said.
After all CFC_DE did bring about the administration?
The table p23 is worth considering also as the liquidator did consider some matters worth further investigation.