Follow on Order for 30 Fuel Cell Systems
22 July 2009 - 4:00PM
UK Regulatory
TIDMIDA
RNS Number : 0474W
IdaTech PLC
22 July 2009
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| For immediate release | 22 July 2009 |
+-------------------------------------+-------------------------------------+
IdaTech plc
(the "Company")
Follow on Order for 30 Fuel Cell Systems
BEND, ORE., USA, July 22, 2009 - IdaTech, a global leader in the development
and manufacture of clean and reliable extended run backup power fuel cell
products, today announces that it has received an order for 30 ElectraGen(TM)
hydrogen fuel cell systems from its German OEM partner, b+w Electronic Systems
GmbH ("b+w"), for delivery in 2009 and early 2010. This order is in addition
to a 30 systems order received from b+w at the end of 2008, 22 of which have
been sold to b+w's customers.
These systems will be used in a variety of applications, reflecting their
versatility and will be deployed on the German TETRA network (Terrestrial
Trunked Radio), telecom sites (indoor and container), as well as in UPS
applications. This order and the system deployments support the objective of
both IdaTech and b+w to develop and certify fuel cell systems ahead of mass
deployment in the German market.
Earlier this month, b+w fuel cell development projects were approved as part of
the German National Hydrogen and Fuel Cell Technology Innovation Program (NIP).
Founded in 2007, the purpose of the NIP is to provide targeted assistance to the
emerging hydrogen and fuel cell industry in the mobile, stationary and portable
market sectors in Germany.
IdaTech's ElectraGen(TM) family of fuel cell systems was developed specifically
for the critical backup power telecom market. These ElectraGen(TM) products can
be powered by hydrogen gas or by IdaTech's fuel reformer system which converts
liquid fuel into high-purity hydrogen onsite and on demand as needed. The
ElectraGen(TM) provides 24 or 48 VDC backup power for telecommunications
applications and is a replacement for traditional solutions such as batteries
and diesel generators, but with greater reliability and significantly reduced
maintenance.
Commenting on the order Harol Koyama, Chief Executive Officer of IdaTech, said:
"We are delighted to be working with b+w to supply ElectraGen(TM) systems for
the German market with the added confidence and support of the German Government
through the NIP. The deployment of IdaTech's fuel cell systems in these critical
power applications is another important commercial milestone for the company in
achieving mass adoption of its fuel cell products as replacements for generators
and batteries."
For further information please contact:
+----------------------------------------+----------------------------------+
| IdaTech plc | +1 541 383 3390 |
+----------------------------------------+----------------------------------+
| Harol Koyama, Chief Executive Officer | |
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| James Cooke, Chief Financial Officer | |
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| | |
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| Numis Securities Limited | +44 (0) 20 7260 1000 |
+----------------------------------------+----------------------------------+
| NOMAD: Michael Meade / Hugh Jonathan | |
| Corporate Broking: David Poutney / | |
| Alex Ham | |
+----------------------------------------+----------------------------------+
| | |
+----------------------------------------+----------------------------------+
| Buchanan Communications | +44 (0) 20 7466 5000 |
+----------------------------------------+----------------------------------+
| Charles Ryland / Catherine Breen | |
+----------------------------------------+----------------------------------+
About IdaTech
IdaTech plc is an advanced fuel cell products company which is operationally
headquartered in Bend, Oregon, USA and is listed on AIM with the ticker code
IDA.
IdaTech designs, develops, and manufactures extended run backup power fuel cell
products for Telecom applications requiring 100 W to 15 kW of backup power.
IdaTech's unique PEM fuel cell technology provides solutions for a wide range of
applications to directly support efforts towards sustainable energy.
IdaTech's portfolio of industry-certified fuel cell products are based on the
company's fuel processing, purification and fuel cell system integration
capabilities. With the support of strategic partners and customers, the
company's extended run backup power products are being deployed worldwide for
stationary applications.
Additional information may be obtained by contacting the company direct or by
visiting its website at http://www.idatech.com.
.
About b+w Electronic Systems
Founded in 1980 b+w Electronic Systems today is a well established partner of
industrial enterprises, telecom network operators and public authorities. Thanks
to continuous growth the company employs more than 300 people in its
headquarters in Oberhausen/Germany as well as in subsidiaries, project offices
and investments throughout Germany, other European countries and the United
States.
b+w Electronic Systems offers complete fulfillments for telecommunication and
power supply solutions, industry automation, cable, battery and switchgear
technology as well as professional mobile radio solutions.
For more information on b+w Electronic Systems' portfolio of products and
services, please visit
www.b-w.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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