TechSys Signs Fuel Cell Deal with FCCIMay 05, 2002 by Jeff Shepard
TechSys Inc. (Florham Park, NJ) announced that it has signed up Fuel Cell Companies Inc. (FCCI) to manufacture and distribute its line of solid-oxide fuel cell products in the Republic of China and portions of South America. The agreement calls for FCCI to assume all costs for manufacturing, marketing and distributing the solid-oxide fuel cells in the licensed territories.
TechSys President and COO Keith Blakely said, "Given the accelerated pace of development of our solid-oxide fuel cell, including the recent publication of a patent for the solid-oxide fuel cell technology, it is important for us to forge the relationships that will bring our product to market, and prepare the groundwork that will ease the transition from research and development to sales and marketing. These licenses represent the first of many steps we intend to take to build the infrastructure necessary to move toward commercialization of these products."
FCCI President Richard Janowski stated, "We are excited about the opportunity to join the TechSys team in bringing the world efficient, affordable and ecologically friendly power. Through our licenses, we intend to offer these developing countries a fast, cost-effective and environmentally conscious method of delivering power to populations both within and outside of the traditional power grid."