Intelligent Energy Holdings PLC IE signs stationary power deal
February 20 2017 - 1:01AM
RNS Non-Regulatory
TIDMIEH
Intelligent Energy Holdings PLC
20 February 2017
NEWS RELEASE
Intelligent Energy signs stationary power deal to supply Fuel
Cell Modules (FCM) in the US
Loughborough, UK - Monday 20 February
Intelligent Energy has signed a stationary power deal with
US-based Luxfer-GTM Technologies as part of a growing strategic
relationship in the development of a line of integrated fuel cell
products. The first order of 600 units is to integrate Intelligent
Energy's low power 1kW Fuel Cell Modules (FCM) into Luxfer-GTM's
Zero-Set Lite portable, zero-emission light towers and will also
see Intelligent Energy mobilise its global network to assist sales
of Luxfer-GTM's products internationally.
Intelligent Energy's FCMs are zero emission, with the only
by-product being water vapour and offer near silent operation,
making them an attractive replacement to traditional diesel
generators. Integrated into Luxfer-GTM's Zero-Set generator line,
Intelligent Energy's FCMs will provide a commercially available,
low cost, zero-emission of generators for wide scale
applications.
Intelligent Energy's proven FCMs are suitable for a range of
applications from telecommunications through to mission-critical
services, back-up, emergency power and disaster recovery for
off-grid power or microgrids. Using the Company's air cooled
technology, the FCM is designed as a self-contained power solution
with all requisite balance-of-plant components to produce clean
power in a power dense and convenient package.
Martin Bloom, Group CEO at Intelligent Energy, commented on the
deal: "We are delighted to be working with Luxfer-GTM. They are an
innovative and forward looking company in deploying hydrogen
solutions for energy requirements. They were very impressed with
the increased power output Intelligent Energy's products can offer
in such a lightweight and robust package, and with the opportunity
to grow with us as our product range develops."
He added: "There is significant opportunity for Intelligent
Energy to deploy its market-ready technology into similar markets
as more companies search for proven and alternative solutions to
power their products both more efficiently and responsibly. This
validates our new strategy which we are now implementing."
Julian Hughes, Senior VP of Intelligent Energy Inc. went on to
say "I see this as showing our great commitment to the U.S. market,
one of the world's leading hydrogen economies".
Ends
About Intelligent Energy
Intelligent Energy Holdings plc delivers clean energy solutions
for the distributed energy, diesel replacement, automotive and
aerial drone markets. Working with international companies,
Intelligent Energy aims to embed its fuel cell stack technology
into applications across its target market sectors.
With its principal facility and headquarters in Loughborough,
UK, the company also operates in Japan, India, China, Singapore,
France and the US. Intelligent Energy Holdings plc is listed on the
London Stock Exchange (LSE: IEH.L).
More information on Intelligent Energy is available at Twitter,
YouTube and LinkedIn. Or visit
http://www.intelligent-energy.com
About Luxfer-GTM Technologies
Luxfer-GTM Technologies is joint venture initially formed to
engineer and manufacture lightweight, high pressure, gas transports
using composite cylinder technology. Luxfer plc is a publicly
traded company (NYSE: LXFR) based in Salford, UK and is a leading
manufacturer of composite cylinders worldwide. GTM Technnologies is
privately held and based in San Francisco, California. GTM
Technologies is a leader in the manufacturing of composite cylinder
based transports for the CNG, industrial gas, and fuel cell
industries.
www.luxfer.com
www.luxfergtm.com
Media Contact
Debbie Hughes, Head of PR
D +441509 271921
E debbie.hughes@intelligent-energy.com
Helen Roberts, Hill & Knowlton
D +44 (0)20 7413 3081
M +44 (0)7584 270686
E helen.roberts@hkstrategies.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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