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Ceres Power hits significant milestones with two key strategic partners

Phil Caldwell, chief executive of Ceres Power Holdings PLC (LON:CWR), tells Proactive London's Andrew Scott they're expecting full-year revenues to more than double after hitting two key commercial milestones with partners Bosch and Weichai Power.

Caldwell says revenues and other operating income are expected to reach £15mln in the year, up from £7mln in 2017.

Quick facts: Ceres Power Holdings PLC

Price: 214 GBX

LSE:CWR
Market: LSE
Market Cap: £327.69 m
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Ceres Power secures partnership with Chinese giant Weichai Power

Ceres Power Holdings PLC's (LON:CWR) Phil Caldwell tells Proactive the company has secured access to the  Chinese market through a partnership with Weichai Power, a Chinese engine manufacturer with a US$10bn market cap. He adds that Weichai also has a large market presence in...

on 25/5/18

2 min read