Trimol and Hitachi Maxell Enter into a Cooperation Agreement

July 08, 2001 by Jeff Shepard

Trimol Group Inc. (New York, NY) announced that it has entered into a cooperation agreement with Hitachi Maxell Ltd. (Japan) to work on an aluminum-air fuel cell power source for portable consumer electronics.

The agreement anticipates the cooperative efforts of the companies in the development of an aluminum-air fuel cell power source for possible license by Trimol to Hitachi Maxell. It provides that each company will designate a senior engineer to cooperate on technical issues surrounding the project. The agreement also anticipates further cooperation on a design and development phase based on the results of the initial cooperative efforts.

Rafael Ferry, vice president of marketing for Trimol, commented, "We are delighted to have the opportunity to work in conjunction with Hitachi Maxell and look forward to a mutually beneficial relationship. We believe that this cooperative agreement is a positive step toward the commercialization of Trimol's technology."