Cell Impact AB (publ) and the Japanese industrial group Nakanishi Metal Works Co. Ltd. (NKC) deepens its cooperation by signing a Memorandum of Understanding (MoU) on international business development.
The agreement is made in light of the increasing global investments in fuel cell technology where Cell Impact’s manufacturing process enables cost-effective production of flow plates in large volumes. The companies will carry out activities aimed at identifying international business opportunities where a partnership between Cell Impact and NKC can offer increased benefits to the customer.
– Hydrogen-based fuel cell technology is highly current both in Japan and globally and if we are to have a chance to curb the climate threat, we need to act both proactively and vigorously. We see Cell Impact’s production method for flow plates as a very interesting opportunity for the automotive industry to both be able to lower costs and increase production volumes of fuel cells, says Mr Shigeru Nakagawa, Executive Officer, New Business Division, NKC.
“The fact that major Japanese subcontractors to the automotive industry both want to invest and deepen their cooperation with us is a strong indication that we are on the right track,” says Pär Teike, CEO of Cell Impact. We have come to know NKC as a good partner in an ongoing project. In the long run, we see the opportunity, with NKC’s broad industrial know-how, and deep relationships in the automotive industry, to intensify our sales activities against the international vehicle manufacturers who are now investing billions in developing vehicles based on hydrogen technology.
As previously announced, Cell Impact is conducting a private placement of approximately SEK 5 million in connection with the signing of the Memorandum of Understanding.