Heliocentris and Parker Energy Systems Sign Distribution Agreement
Berlin. Heliocentris, a leader in the distribution of fuel cell and hydrogen technology to education, scientific and demonstration markets has signed a distribution agreement with Parker Energy Systems. The agreement encompasses the "TekStak™" fuel cell program of Parker. The particular strength of the "TekStak™" is that the fuel cell stacks can be assembled as a stack of one, five or ten fuel cells, and are durable enough to be repeatedly built, operated, disassembled and rebuilt. This expands Heliocentris´ product portfolio towards universities and research institutes.
Dr. Henrik Colell, CEO of Heliocentris Fuel Cells AG states: "We are happy to have Parker Energy Systems, a globally well positioned and renowned company, as our partner. The "TekStak™" product program complements our fuel cell system product portfolio in an optimal manner."
Furthermore, Heliocentris and Parker are evaluating further cooperation on other products based on the "TekStak™" platform.
About Heliocentris Fuel Cells AG
As a pioneer in the fuel cell industry, Heliocentris has over ten years experience in the production of fuel cell products. Heliocentris focuses on Education and Science markets worldwide with more than 10,000 end customers in over 50 countries. Heliocentris is one of the global leaders in this field. Clients can choose from over 50 products divided into 8 product lines ranging in complexity from basic fuel cell kits to complete lab equipment. Heliocentris plans continued growth through innovative new product development for the education market as well as through fuel cell systems designed for industrial applications. Heliocentris is headquartered in Berlin, with a subsidiary located in Vancouver, Canada for coverage of the North American market.
About Parker Energy Systems
Parker is well positioned to advance the commercialization of fuel cells with cathode air compressors, hydrogen circulators, flexible stainless steel tubing, filtration products, control valves, liquid pumps, pressure regulators, PEM fuel cell stack components, seals, manifolds, fittings and tubing. Additionally, Parker has the engineering resources to design and manufacture integrated subsystems through its Energy Systems Business Unit in New Britain, CT. For more information, visit the company's fuel cell site at www.parkerenergysystems.com. Note: TekStak™ is a trademark of Parker Hannifin Corporation.
About Parker Hannifin Corporation (NYSE:PH)
With annual sales exceeding $9 billion, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs more than 57,000 people in 43 countries around the world. Parker has increased its annual dividends paid to shareholders for 50 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index.
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