Ceramic Fuel Cells' BlueGen orders up 190%

Orders for Ceramic Fuel Cells' BlueGen power and heat generator rose by 190% in the second quarter from the previous three months.

And the company says it is confident there is a large sales potential for BlueGen in many global markets.

The company said it had received inquiries from prospective BlueGen customers in Asia (in particular China and India), the Middle East, South Africa, central and eastern Europe, Russia, North America and South America, plus every state in Australia.

Receipts from customers for the June quarter were A$1.2m.

Net operating cash outflow for the June quarter was A$4.1m which was lower than last quarter due to higher receipts from customers and a lower level of inventory purchases.