ITM Power inks distribution deal with Singaporean Horizon Fuel Cell

Mar 19, 2012 - British clean fuel company ITM Power plc (LON:ITM) said Monday that Singaporean Horizon Fuel Cell Technologies Pte Ltd would market ITM's small electolyser range under a recently signed deal.

The supply and distribution agreement gives Horizon the exclusive right to sell the products in India, Pakistan, Bangladesh and the ASEAN countries -- Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. The contract also includes the non-exclusive right to sell ITM's products in other countries where Horizon is doing business, the US included.

ITM's electrolysers are tailored to turn into hydrogen fuel off-peak or renewable electricity.

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