Brief: Elringklinger And Airbus Agree Partnership In Fuel Cell Technology

ElringKlinger AG

15/10/2020 06:41

Oct 15 (Reuters) - Elringklinger AG  ZILGn.DE :
    * SAID ON WEDNESDAY IT BUILDS ON HIGH POWER DENSITY OF ITS
FUEL
CELL TECHNOLOGY TO TARGET AVIATION MARKET
    * ELRINGKLINGER AG AND AIRBUS HAVE ENTERED INTO AN AGREEMENT
FOR A
LONG-TERM PARTNERSHIP WITHIN THE AREA OF FUEL CELL TECHNOLOGY.
    * THE AGREEMENT WILL SEE ELRINGKLINGER AND AIRBUS WORK
TOGETHER TO
INITIALLY DEVELOP AND VALIDATE AVIATION-COMPATIBLE FUEL CELL
STACKS IN THE COMING YEARS
    * WILL PROVIDE ACCESS TO TECHNOLOGY RELEVANT TO
HYDROGEN-POWERED
FUEL CELLS, WHILE IN TURN RECEIVING COMPENSATION IN THE LOW TO
MID DOUBLE-DIGIT MILLION EURO RANGE
    * ELRINGKLINGER WILL HOLD A NON-CONTROLLING INTEREST IN THE
JOINT
COMPANY, WHILE THE MAJORITY STAKE WILL BE HELD BY AIRBUS
    * BOTH PARTIES HAVE AGREED NOT TO DISCLOSE FURTHER DETAILS
OF THE
PARTNERSHIP AGREEMENT

Source text for Eikon:  ID:nEQcbRTBfa 
Further company coverage:  ZILGn.DE 

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