DCH Technology Signs Agreement with Skeljungur

March 14, 2001 by Jeff Shepard

DCH Technology Inc. (Valencia, CA) announced that it has signed an agreement with Shell's Skeljungur Ltd. (Iceland) under which they will distribute DCH fuel cells in Iceland as part of a six-month market opportunity assessment. Skeljungur will then act as the distributor of DCH fuel cells to identified markets.

DCH further announced that it has signed a separate agreement with Icelandic New Energy (INE, Iceland). Under the terms of this agreement, INE will provide hydrogen fuel to users of DCH fuel cells from a hydrogen depot that INE has constructed in Reykjavik. The depot will provide hydrogen at consumer pricing, significantly less than typically available from industrial and commercial vendors.

“The market study will allow Icelanders to become intimately involved with fuel cells, and the clean energy they provide," stated INE Chairman Torsteinn Sigfusson. “They will learn how they work, how easy they are to fuel, and thus how easy and safe they are to meet their portable power needs."

DCH Chairman David Haberman commented, "Skeljungur and INE are demonstrating the leadership that validates Iceland's commitment to, and ultimately success in, using hydrogen energy. DCH is extremely pleased to be the only provider of fuel cells, hydrogen sensors and hydrogen safety services to this initiative."