Avista Labs Secures Distribution with SGS Future
Avista Labs (Spokane, WA), a wholly owned subsidiary of Avista Corp. (Spokane, WA), announced it has reached an agreement with SGS Future s.r.l. for distribution of Avista's fuel cells in Italy. The first installation is scheduled to be a mountaintop facility, in recognition of the International Year of the Mountains being celebrated this year.
Under the non-exclusive agreement, SGS Future will purchase Avista Labs fuel cell products and will resell them to its customers in Italy. SGS has committed to purchase 13 1kW, Independence 1000™ fuel cell systems in 2002. The company will also purchase 200kW of Independence™ products of various sizes in 2003.
Mike Davis, CEO for Avista Labs, said, "We are pleased to have SGS Future represent our products in Italy. SGS is a forward-looking, progressive branch of SGS Engineering focused on clean energy and possessing a strong background in fuel cell technology. They are highly regarded in the Italian market and a good fit for our business."