Saturday, May 25, 2013
All the latest news from R&D to the commercialization of the Automotive Fuel Cell Market.
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Plug Power completes formulation of Hypulsion JV with Axane
On February 29, Plug Power completed the formation of Hypulsion S.A.S., the “JV”, a joint venture with Axane, S.A. to develop and sell hydrogen fuel cell systems for the European material handling market. As previously disclosed, on January 24, the company and Axane entered into a Master and Shareholders’ Agreement providing for the terms of the JV. As part of the formation of the JV, the Company and the JV entered into a License Agreement dated as of February 29.
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