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Cell Impact Announces New Strategy in Japan

By December 3, 2020 3   min read  (423 words)

December 3, 2020 |

Fuel cells works, Nowogen Technology Places MSEK 1.3 Order for Serial Production of Flow Plates with Cell Impact

In 2019, Cell Impact ( Nasdaq First North Growth Market: CI B) and Japanese Nakanishi Metal Works Co. announced. Ltd ( NKC ) that they have signed a Memorandum of Understanding (MoU, see press release dated 2019-08-29) to investigate the possibilities for collaboration on international business development.

On 3 December, after a year-long feasibility study, NKC and Cell Impact jointly decided that there were insufficient joint synergies to justify deeper cooperation. NKC will remain a highly valued potential partner for future business opportunities.

As a consequence, Cell Impact starts its own subsidiary in Japan for ongoing projects and local sales. The new company, Cell Impact Japan, will be located in Tokyo and is expected to start its business during the first quarter of 2021.

Mr. Shigeru Nakagawa, currently New Business Development Director for NKC Japan, has been named CEO of the new company. Mr. Nakagawa has been responsible for the joint development initiatives of NKC and Cell Impacts in Japan for the past two years.

– I have really appreciated working with Mr. Nakagawa during this exciting period, and I’m extremely pleased that he’s accepted the position of CEO of Cell Impact’s Japanese subsidiary. Mr. Nakagawa will create continuity in the projects we have already launched in Japan, which is one of the world’s fastest and most promising markets for fuel cells, says Pär Teike, CEO of Cell Impact.

– I would like to thank the team at NKC for their work that has led to such good results for Cell Impact in Japan. I now look forward to starting work on Cell Impact, which I believe has a very important role to play in the rapidly expanding market for clean energy from fuel cells and hydrogen, says Mr. Nakagawa.

The company will soon begin recruiting to ensure Cell Impact’s long-term business development in Japan.

More News on Cell Impact:

About Cell Impact

Cell Impact AB (publ) is a global supplier of advanced flow plates to manufacturers of fuel cells. The company has developed and patented a unique method for high-velocity forming (adiabatic high-velocity forming) that makes it possible to manufacture flow plates with more advanced patterns, which in turn creates more cost- and energy-efficient fuel cells compared to conventional forming methods.

Cell Impact is listed on the Nasdaq First North Growth Market and FNCA Sweden AB is the company’s Certified Adviser (CA). Contact information: 08-528 00 399 or [email protected] .

 

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