Element 1 Corp Signs Technology License Agreement with Global Manufacturer for the Production of Hydrogen Generators and Fuel Cell Systems.
Element 1 Corp (“e1”), a developer of hydrogen generation technology,
today announced it has signed a technology license agreement for the
S-Series Hydrogen Generator with a global manufacturing company based in
Asia. Under the agreement, e1 will provide a license to its
industry-leading hydrogen generation technology as well as engineering
consulting services to advance future versions of the customer’s fuel
cell power systems.
e1’s new licensee is a long-time established company based in Taiwan and
focused on producing high-quality, clean-energy technologies for Asia
and Europe. They have been working with fuel-cell related technologies
for the last 10 years and are now ready to bring their latest fuel cell
power solution to market. The initial focus will be deploying fuel cell
power solutions to telecom providers in southeast Asia.
“We continue to see increased levels of fuel cell activity from OEMs
throughout the global energy industry,” said Dave Edlund, e1’s Chief
Executive Officer. “We have a long history working with this company,
and have been impressed with the capabilities that they bring to the
rapidly growing hydrogen economy. At e1, we are uniquely positioned to
offer our licensing partners bundled technology solutions providing
access to our intellectual property focused on hydrogen generation and
integrated fuel cell systems. This contract reflects the growing
acceptance of e1’s hydrogen generation technology as the industry
standard supporting PEM fuel cell solutions under 100 kW. The increased
activity in clean-energy technologies, together with e1’s expanding list
of technical and economic advantages are the primary drivers behind the
five new agreements e1 has implemented over the last year with
Asian-based companies.”
Element 1 Corp:
Element 1 designs and develops novel processes to enable
commercialization of clean-energy and alternative-energy technology.
Through licensing our IP to strategic partners, our mission is to
significantly reduce barriers to the adoption of hydrogen technology and
fuel cells for a range of applications, and to reduce the waste and
pollution associated with flaring natural gas. For more information
about Element 1, please visit www.e1na.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180108005187/en/
Copyright Business Wire 2018
Source: Business Wire
(January 8, 2018 - 6:00 AM EST)
News by QuoteMedia
www.quotemedia.com