30th Sep 2015 09:47
LONDON (Alliance News) - Intelligent Energy Holdings PLC on Wednesday said it has extended an existing joint development programme with an unnamed Asian customer.
The deal is worth GBP6.5 million and is expected to last for around two and a half years, the company said.
"We are very pleased to strengthen our existing commercial relationships with our Asian automotive OEMs. This allows a continued drive towards commercialisation of our fuel cell technology in our customer's product range," said Chief Executive Henri Winand.
Shares in Intelligent Energy were down 1.9% to 101.00 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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