Hoku Scientific and Sanyo to Develop Fuel Cells
Hoku Scientific Inc. (Honolulu, HI) announced that it has formed a joint development relationship with Sanyo Electric Co. Ltd. (Allendale, NJ). The focus of the development effort is a new membrane electrode assembly technology for use in Sanyo's proton-exchange membrane (PEM) fuel cell. The membrane electrode assembly will incorporate Sanyo electrode technology and the Hoku Membrane product.
The joint development relationship includes the financial, service and technical contributions of both companies, totaling more than $6 million. Joint development work is planned for the next 18 months. A successful outcome would likely serve as the basis for a long-term, customer-supplier relationship between the two companies.
"This agreement is an important milestone for both companies as we position ourselves in this rapidly emerging marketplace," stated Dustin Shindo, chairman and CEO of Hoku Scientific. "This joint development relationship provides both organizations access to leading PEM fuel cell technologies that together will speed our pace to market."