11th Jan 2021 09:29
(Alliance News) - Johnson Matthey PLC on Monday said it and SFC Energy AG have signed a three-year agreement for the supply of membrane electrode assemblies.
Under the new multi-million pound agreement, Johnson Matthey will provide 400,000 direct methanol membrane electrode assemblies fuel cell components to SFC Energy, a mobile hybrid power solutions firm.
The agreement is starting in February 2021 for a duration of over three years, said FTSE 100-listed sustainable technologies firm.
Additionally, the partners have signed a joint development agreement to further deepen their collaboration. They said they want to combine their complementary know-how as well as their respective technology expertise.
"The mobile solutions SFC offer provide another vital route to decarbonisation as together we continue to deliver on our vision for a cleaner, healthier world," said Jo Godden, managing director of New Markets & Fuel Cells at Johnson Matthey.
Peter Podesser, chief executive of SFC added: "We have been working together with Johnson Matthey for almost 20 years. Through our combined expertise we will further enhance the performance of our product family and increase our contribution to a greener energy supply."
Johnson Matthey shares were trading 0.2% higher in London on Monday at 2,691.00 pence each.
By Evelina Grecenko; [email protected]
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