Fuel Cell Technologies Ltd., the operating subsidiary of Fuel Cell Technologies Corp. (FCT, Kingston, ON), and Siemens Westinghouse Power Corp. (SWPC) have signed a Memorandum of Understanding (MOU) regarding the global supply, sales and distribution of solid-oxide fuel cell systems.
Under the terms of the MOU, FCT and Siemens will establish strategic regional marketing relationships that can ultimately cover all parts of the globe. The MOU between the companies will allow for further expansion of introductory markets, and positions the companies to form selected global business alliances that can be beneficial to the deployment of solid-oxide fuel cell systems for a variety of residential, remote power and selected distributed generation markets. The relationship also positions FCT to focus on products in the range of 4 kW to 75 kW, while utilizing Siemens Westinghouse generator components and subsystems.
