Intelligent Energy Holdings PLC Deal signed to deliver fuel cell systems for UAVs
March 23 2017 - 2:01AM
RNS Non-Regulatory
TIDMIEH
Intelligent Energy Holdings PLC
23 March 2017
NEWS RELEASE
UAV market takes off for Intelligent Energy
-- Intelligent Energy signs deal to deliver fuel cell systems
for UAVs in the supply chain with industry leading inventory
solution provider
Loughborough, UK - Thursday 23 March
Intelligent Energy has signed a deal with PINC to supply its air
cooled fuel cell systems for unmanned aerial vehicles (UAVs),
marking Intelligent Energy's first sale of fuel cell systems for
UAVs as the Company moves forward with the commercialisation of its
technology.
PINC uses UAVs to identify and orchestrate hard-to-reach
inventory and assets in the global supply chain and is the leading
provider of yard management, finished vehicle logistics, and
inventory robotics solutions to the world's largest manufacturers,
retailers and contract logistics providers. PINC has defined the
UAV market in the supply chain with an innovative inventory
approach that transcends the delivery use case.
Intelligent Energy's fuel cell systems for UAVs offer longer
flight time, fast refuel capabilities and flexibility for varying
payloads, addressing some of the biggest challenges for users. This
is particularly evident in the commercial space where UAVs are
increasingly being used for a number of applications including
inspections, search and rescue and film and photography.
PINC will operate the fuel cell powered UAVs alongside battery
operated UAVs as part of its inventory robotics offering, which
provides real-time inventory tracking by air. PINC's unmanned
aircraft system (UAS), 'PINC Air', allows companies to apply drone
technology, coupled with advanced RFID and optical sensor
capabilities, to significantly improve the operational
effectiveness and efficiency of inventory checks. PINC understands
longer flight time is essential to the development of its customer
offering and Intelligent Energy's fuel cell systems will provide
this.
Julian Hughes, Senior VP Intelligent Energy Inc, commented on
the deal: "I am delighted to announce the first sales of our fuel
cell systems for UAV application. PINC is leading the way with the
use of hydrogen fuel cell UAVs in the supply chain and we are
certain they will be impressed with the benefits our fuel cells
will offer over conventional batteries. We look forward to a long
relationship with them."
Martin Bloom, Group CEO at Intelligent Energy, added: "PINC is
based in California, a state that is proactively adopting hydrogen.
We see this region as a significant market for Intelligent Energy's
range of market-ready fuel cell products."
Matt Yearling, CEO at PINC, said: "PINC is committed to
providing innovative solutions that deliver maximum value to our
customers. Joining forces with an industry leader like Intelligent
Energy will enable our inventory robotics solutions to perform more
effectively and efficiently, thereby transforming the way
organisations do inventory checks inside and outside of
manufacturing plants and warehouses."
Working prototypes of Intelligent Energy's fuel cell systems for
UAVs were showcased last year at InterDrone. This first UAV deal
demonstrates the Company's commitment, as part of its revised
strategy, to commercialise fuel cell technology for this fast
growing market.
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 PINC
The world's leading brands use PINC's yard management system
(YMS), finished vehicle logistics, and inventory robotics
solutions. The company's cloud-based real-time asset tracking
platform, powered by the Internet of Things (IoT) sensor network,
provides actionable insights that allow companies to optimize their
supply chain execution. PINC's customers are able to enhance
service, increase collaboration, optimize inventory, accelerate
velocity, and improve asset utilization. Learn more about PINC at
www.pinc.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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March 23, 2017 03:01 ET (07:01 GMT)
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