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April 21, 2014
10:05 EDTPLUGPlug Power, Hyundai Hysco sign MOU for fuel cell joint venture
Plug Power announced that it has signed a non-binding memorandum of understanding, or MOU, with Hyundai Hysco to create a joint venture partnership to develop and sell hydrogen fuel cells in countries throughout Asia using Hysco's advanced stack and plate technology. Specifically, the proposed five-year joint venture will develop, manufacture and sell fuel cell solutions, products and stacks for applications in Asian markets. Under the terms of the MOU, the companies must finalize the details of the joint venture by July 31.
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