Approx. $1M Licensing and Engineering Services Deal (Must Read!!)
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Ballard Power Systems Inc. (BLDP)
BLDP reported that it has signed a definitive agreement for the sub-license of its intellectual property (IP) to M-Field Energy Corporation for material handling systems to be deployed in Europe. BLDP will also provide M-Field with Engineering Services support into early-2015 through Dantherm Power A/S, the Company's subsidiary in Denmark, to assist in optimizing system integration activities utilizing BLDP fuel cell stacks.
The agreement has a value of approximately $1 million.
BLDP will be the exclusive supplier of fuel cell stacks – including the FCgen(TM)-1020ACS air-cooled and FCvelocity(TM)-9SSL liquid-cooled stack products – for all material handling systems deployed by M-Field in Europe.
BLDP provides clean energy fuel cell products enabling optimized power systems for a range of applications.
More about Ballard Power Systems Inc. (BLDP) at www.pennyomega.com/disclaimer
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