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Maxwell, Hydrogenics forge ultracapacitor alliance

Posted: 04 Mar 2004 ?? ?Print Version ?Bookmark and Share

Keywords:maxwell technologies? hydrogenics? fuel cell? power system? ultracapacitor?

Maxwell Technologies Inc. has forged a strategic alliance with Hydrogenics Corp. to integrate its ultracapacitors into Hydrogenics' fuel cell power systems to optimize system performance, cost, and longevity.

Richard Balanson, company president and CEO, said the joint development program will accelerate integration of ultracapacitor and fuel cell technologies. The alliance also establishes Maxwell as Hydrogenics' preferred ultracapacitor supplier for a period of four years.

"This agreement broadens and formalizes an ongoing relationship that has enabled both companies to see first-hand how well our technologies complement each other in delivering high- performance, low-cost solutions," Balanson added.

On the other hand, Pierre Rivard, Hydrogenics' president and CEO, noted, "The alliance is another step in the company's hybridization strategy and commitment to provide complete clean power solutions to its customers."

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