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Intelligent Energy signs a three-way MOU with Hynertech and Tri-Ring to collaborate in the Chinese automotive market

By October 24, 2019 2   min read  (197 words)

October 24, 2019 |

Fuel Cells Works, U.S. NIST First Responder Challenge Competition Awards Intelligent Energy Second Place For Its Fuel Cell UAV Power

Loughborough, UK — Intelligent Energy the UK fuel cell engineering business announced today at a ceremony in Wuhan that it has signed a three-way memorandum of understanding (MOU) with the Tri-Ring Group and Hynertech Co. Ltd to collaborate in the Chinese automotive market.

Intelligent Energy Signs MOU

As part of the MOU the three partners will target the full-scale commercial production in China of Tri-Ring road vehicles incorporating Intelligent Energy’s high power fuel cell technology and hydrogen supply systems provided by Hynertech.

In addition, a development agreement will be entered into to build one or more demonstration vehicles using Intelligent Energy’s fuel cell system, which will be used by Tri-Ring to conduct trials and provide demonstrations to potential customers.

Intelligent Energy CEO, David Woolhouse commented “Tri-Ring and Hynertech are excellent partners for us in developing the fuel cell automotive market in China. Fuel cells are a significant and growing part of the solution for zero-emission vehicles.” He added “coming fast on the heels of our recent UK Government Advanced Propulsion Centre (APC) award to expand our manufacturing capability in the UK, there is now increasing momentum to grow sales of our high power automotive fuel cell products.”

Source: Intelligent Energy

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