Astris Energi Inc. (Mississauga, ON), a developer of alkaline fuel cell technology, announced that it has engaged New York investment house Ardour Capital Investments LLC, a firm specializing in the energy technology/alternative power sector, to act as its financial advisor and help Astris raise financing for its next stage of development. Funds raised will allow the company to pursue channel partners for the commercialization of its line of alkaline fuel cells and generators.
"Ardour Capital has established itself as a leading investment bank for the alternative energy sector," said Astris Energi President and CEO Jiri Nor. "At this critical stage of our development, it is important for us to establish access to the global capital markets. We are confident that Ardour Capital can help us with both our immediate financing needs, as well as by providing sound strategic advice. With sufficient capital in the bank, we will be able to focus on securing marketing partners and establishing appropriate production capacity to meet projected product demand."
