Hydrogenics Signs Distribution Agreement with Toyota Tsusho

August 21, 2001 by Jeff Shepard

Hydrogenics Corp. (Toronto) announced that it has signed an exclusive distribution agreement with Toyota Tsusho Corp. (TTC, Japan) to market and sell Hydrogenics' FCATS products in the Japanese market. FCATS is Hydrogenics' proprietary product line of automated, industrial systems for testing and controlling fuel cells and fuel cell stacks.

"We are very excited about our partnership with TTC," said Pierre Rivard, president and CEO of Hydrogenics. "TTC's substantial knowledge of the Japanese market, together with their position as a leading supplier of goods and services to a broad industrial customer base, can accelerate the sales of our FCATS products to companies leading the development of fuel cell technology in Japan. Our Tokyo branch office will play an important role in supporting this new relationship by providing local technical service and demonstrations of our technology."