Technology Inc. and DuPont today announced they have signed
definitive agreements forming a strategic partnership to
accelerate the development and commercialization of direct
methanol micro fuel cells for portable electronics.
Terms of the partnership include an agreement to develop
selected fuel cell components based on DuPontâ„¢ NafionÂ®
membrane technology. The components would be customized
for Mechanical Technology's micro fuel cells, which are being
developed for portable electronic applications including cellular
telephones, personal digital assistants and portable computers.
The partnership also includes a supply agreement for DuPont to
provide Mechanical Technology with membranes and related
fuel cell components. DuPont also has obtained a minority equity
interest in MTI MicroFuel Cells, a Mechanical Technology
subsidiary established to commercialize micro fuel cells. Other
terms were not disclosed.
"The alliance between DuPont and Mechanical Technology is an
important step toward extending our fuel cell offering from
materials to value-added components and targeted systems,"
says David L. Peet, director - DuPont Fuel Cells. "Mechanical
Technology's position as an innovator and driver of new energy
technologies makes their micro fuel cell company an ideal
strategic partner to help bring DuPont products and technologies
to commercial adoption as fuel cell technology becomes
"The market opportunities for micro fuel cells are growing
rapidly," said George C. McNamee, chairman of the board of
Mechanical Technology. "This partnership with DuPont is a
powerful step forward in our drive to bring this critical power
source to the consumer."
Dr. William P. Acker, president of Mechanical Technology,
summed up the progress his company has made. "In the short
time since we announced our micro fuel cell operation, we have
assembled an experienced development team which includes
some of the top figures in the micro fuel cell field. We have
made significant progress with our technology. Now we have a
working partnership with DuPont, a longtime world leader in
developing and commercializing new, advanced technologies
that benefit consumers," said Acker.
"DuPont membrane technology has helped pioneer the
development of fuel cells," said Acker, "and we believe their
tremendous technical expertise and manufacturing experience
will enable us to more rapidly bring our micro fuel cells to