Hydrogenics Signs Distribution Agreement With Heliocentris
Berlin and Mississauga, Canada. Heliocentris, a leading company in the distribution of fuel cell and hydrogen technology to education, scientific and demonstration markets and Hydrogenics Corporation (NASDAQ: HYGS; TSX: HYG), a leading designer and manufacturer of hydrogen and fuel cell systems, have signed a distribution agreement. Under the agreement, Heliocentris will now add Hydrogenics’ fuel cell power modules and small-scale PEM electrolysers to its product mix.
Heliocentris markets its products and services worldwide through direct sales and agents. Its main customers are schools, universities and industry. Through this partnership with Hydrogenics, Heliocentris is now equipped to be a solution provider for customers that demand a higher power range, from 4kW -16kW.
"Without any special design iterations on our part, the HyPM Fuel Cell Power Module offers a fully integrated packaged unit that ideally meets the needs of Heliocentris," commented Daryl Wilson, Hydrogenics President and Chief Executive Officer. "We expect this arrangement to provide an interesting revenue-generating niche for Hydrogenics. At the same time, another important objective for us is to educate and foster a working knowledge of hydrogen and fuel cell technologies worldwide. We can expect such users to take this product in many directions that are not part of our current focus, and we welcome this."
"To meet our growing needs for fuel cell power modules in a higher power range, we evaluated a number of potential partners," commented Dr. Henrik Colell, CEO Heliocentris. "The inclusion of Hydrogenics' modular designed fuel cell power modules in our product portfolio enables us to develop and offer complete system solutions to our current education customers as well as to early adopters in industry. We very much look forward to expanding our business opportunities around the HyPM product."
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 30 products divided into 6 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.
Hydrogenics Corporation
Hydrogenics Corporation (www.hydrogenics.com) is a leading global developer of clean energy solutions, advancing the Hydrogen Economy by commercializing hydrogen and fuel cell products. The company has a portfolio of products and capabilities serving the hydrogen and energy markets of today and tomorrow. Hydrogenics, based in Mississauga, Ontario, Canada, has operations in North America, Europe and Asia.
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