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Date: Thursday 17 Jul 2008

LONDON (ShareCast) - Catalyst developer Acta said the first half has seen encouraging progress in all its markets, which resulted in a “substantial” increase in revenue compared to last year.

The group said development contract income in the first half contributed to “a substantial increase in revenues compared to first half 2007.” Costs have risen in line with expectations.

“The macro economic climate for renewable energy and cleantech business continues to be very promising, with increasing global pressure for renewable energy solutions and carbon emission reductions,” said the group.

Commercial traction with other potential customers across Europe and the US accelerated sharply, it said, and discussions are underway with a number of them about commercial collaboration in the second half.

“Acta offers affordable solutions to the critical issues of high oil prices and carbon dioxide emissions and in 2008 to date we have made good progress across all applications, both technically and commercially,” said chief executive Paolo Bert.

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