(Oslo, 10 July 2015) H2 Logic A/S, subsidiary of NEL ASA, has executed a binding
technology transfer agreement with Mitsubishi Kakoki Kaisha, Ltd. (MKK) listed
on the Tokyo stock exchange and a member of the Mitsubishi Group companies.
The agreement includes a technology transfer and adaption of the H2Station® CAR
-100 product for the Japanese market with the aim to achieve the first station
in operation during 2016. H2 Logic A/S will license the CAR-100 technology to
MKK and assist in adapting the design for use in Japan. The collaboration is to
expand MKK's position in becoming a major player in supply and construction of
hydrogen fueling stations in Japan, and will provide H2 Logic A/S access to the
Japanese market.
The full press release from H2 Logic A/S and Mitsubishi Kakoki Kaisha is
enclosed.
For additional information, please contact:
Bjørn Simonsen, market development and public relations director, + 47 97 17 98
21
Lars Christian Stugaard, acting chief executive officer, +47 47 63 05 22
About NEL
NEL ASA is the first dedicated hydrogen company on the Oslo Stock Exchange.
Since its foundation in 1927, NEL Hydrogen has a proud history of development
and continual improvement of hydrogen plants. NEL aims to deliver a complete
solution, from hydrogen production to the refuelling of vehicles through the
partly owned company Hyme AS and the subsidiary H2 Logic A/S. H2 Logic A/S is a
leading manufacturer of H2Station® hydrogen refueling stations that provides
fuel cell electric vehicles with the same fast fueling and long range as
conventional vehicles today. www.nel-hydrogen.com