Press release 13 February 2014
Wednesday, 12 March 2014
(AIM: ACTA) The Clean Energy Products Company Cooperation Agreement with ReliOn 13 February 2014
RNS Number : 9521Z
13 February 2014
("Acta" or "the Company")
Cooperation Agreement with ReliOn
Acta S.p.A. (AIM: ACTA), the clean energy products company is pleased to announce the signing of a wide-ranging cooperation agreement (the "Agreement") with ReliOn Inc. ("ReliOn"), one of the largest fuel cell manufacturers in the world specialising in back-up systems for telecom, government and transportation applications. The Agreement gives Acta a broader commercial offering and a second supplier of key fuel cell components.
Today's Agreement follows the completion of a new Acta Power back-up power incorporating ReliOn's fuel cell system, which has been designed with a 23" rack, the standard unit size for the US market. The Agreement covers the launch, promotion, production, commercialisation and distribution of the 23"-rack Acta Power HT.
As the market leader for telecom back-up power in North America, ReliOn is well positioned to partner and support the introduction of Acta's products into the US market. ReliOn will promote the new system in North America, whilst Acta will promote the system in all other markets in parallel with its FutureE / Ballard system.
"Today's Agreement marks further commercial progress for the Acta Power since its launch under a year ago. Through our partnership with ReliOn we look forward to collaborating on further product development for additional applications, and to the penetration of the Acta Power into the North American market."
Joe Blanchard, Chief Operating Officer, ReliOn, commented:
"The Agreement incorporating Acta's hydrogen electrolyzer with ReliOn's fuel cell products offers our customers an additional fueling solution, enabling them to address the requirements of equipment locations that have been challenging to this point. We look forward to jointly introducing the Acta Power HT to a variety of global markets."
The new Acta Power HT will be officially launched at the Mobile World Congress conference, the world's largest mobile and telecom exhibition, in Barcelona on 24-27 February, where it will be jointly promoted by Acta and ReliOn in Acta's stand, Hall 7, Stand 7M08.