19 March 2012 – distribution agreement

A distribution agreement has been signed with Horizon Fuel Cell Technologies.  This covers the small electrolyser range and gives Horizon exclusive rights to sell in ASEAN nations plus India, Pakistan and Bangladesh.  It also gives Horizon non-exclusive rights to sell in other countries including the USA.  ITM Power has described this as an important step in the commercialisation process as it is the company’s first distribution agreement.  BUY.