Cemtrex Inc. (Farmingdale, NY) announced that it has entered into a joint venture with Ducon Technologies Inc. to jointly develop proton-exchange membrane (PEM) fuel cells to deliver clean power for application in utilities, transportation and other industries. Cemtrex will work with Ducon to jointly customize the existing fuel cell technology for power plant applications.
"Ducon has been developing PEM fuel cells for the past three years, and we plan to leverage our relationship with existing utilities by marketing the fuel cells to meet specific power plant requirements," said Cemtrex CEO and President Aron Govil. "We are very excited to be able to offer our existing customers an expanded product line and at the same time be a part of the growing clean energy market."
