Avista Labs and SiGEN Sign Distribution Agreement
Avista Labs (Spokane, WA), a wholly owned subsidiary of Avista Corp. (Spokane, WA), and SiGEN (Scotland), a fuel cells integrator, have entered into a collaborative agreement for the development of fuel cell systems and product sales, marking a significant milestone in the growth of the UK's fuel cell industry.
SiGEN has been appointed a non-exclusive distributor and service agent in the UK for the Avista Labs Independence™ fuel cell systems, which feature Avista Labs' patented Modular Cartridge Technology™. Under the terms of the agreement, SiGEN will purchase a small number of Independence™ fuel cells during 2003, with an increase in those numbers for 2004. The agreement runs through May 2005.