Ceres Power Holdings PLC announced that it has signed a new Joint Development Agreement with Honda R & D Co Ltd. (Honda') to jointly develop Solid Oxide Fuel Cell stacks using Ceres Power's unique metal supported Steel Cell technology for a range of potential power equipment applications. The Ceres Power and Honda joint development will also include a third party who will consider the future mass production scale-up of the Steel Cell technology based on Ceres Power's manufacturing processes which represents an important advancement in the relationship. This two year contract will allow the parties to build upon the successful previous Joint Development Agreement announced on October 29, 2014 and represents a deepening of the relationship between Honda and Ceres Power.
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