Plug to collaborate on market research, R&D on solid oxide fuel cells



Plug to collaborate on market research, R&D on solid oxide fuel cells
Tuesday September 12, 10:36 am ET


NexTech Materials Ltd. of Ohio and Plug Power Inc. of Latham are
collaborating on the development of solid oxide fuel cell power
systems.
NexTech and Plug said they plan to complete a number of joint
activities including market research, fuel cell stack development and
testing, system design and prototype construction. The two companies
said they would hire eight scientists and engineers to conduct the
research and development.


NexTech is a developer and supplier of fuel cell materials and
components. In the past Plug's (Nasdaq: PLUG - News) emphasis has been
on fuel cells that use hydrogen as fuel.

"Demonstration of high power density fuel cell stacks opens new avenues
of cooperation between NexTech and system manufacturers," said Bill
Dawson, president and CEO of NexTech.

The initial target market is the military, specifically the U.S. Air
Force and Army.

"Plug Power is open to exploring other fuel cell technology platforms
that may open new opportunities within our targeted customer
applications," said Roger Saillant, Plug Power's chief executive
officer.

Published September 12, 2006 by The Business Review

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