Avista Labs and havePOWER Sign Agreement
Avista Labs (Spokane, WA), a wholly owned subsidiary of Avista Corp. (Spokane, WA), announced it has signed a distribution agreement with havePOWER LLC, a leading distributor, installer, integrator and servicer of fuel cells. Under the agreement, havePOWER will purchase Avista Labs Independence™ fuel cells for applications at state, county and municipal government facilities powering stationary communications equipment for wireless traffic. The power capacity requirements for the installations are expected to be within the range of 75W to 5kW.
The terms of the agreement with Avista Labs provide exclusive marketing rights to havePOWER for specific government communications requirements in 18 states. havePOWER, in turn, will purchase a minimum of 40kW of Independence™ fuel cells in 2003, 260kW in 2004, and 400kW in 2005. The contract runs through 2006. havePOWER currently has a contract with the State of Maryland specifying use of Avista Labs technology at its wireless sites and anticipates the first of several installations will be in May 2003.