Protonex Technology Corp. (Southborough, MA), a developer of fuel cell power solutions for portable and remote applications, announced they received early-stage financing to further develop its portable fuel cell technology for commercial applications. The financing was led by Conduit Ventures Ltd. with co-investors SAS Investors, Solstice Capital and Commons Capital.
Protonex¹s portable fuel cell systems are compact, lightweight and durable, providing customers with a preferred alternative to heavier, short-term power sources such as batteries and generators. Protonex has developed a strong base of proprietary fuel cell technology and has multiple patents pending. Originally developed for the military, Protonex is accelerating market growth by adapting its product line to accommodate a wide range of industrial, commercial and government applications.
