ClearEdge Power Announces Agreement to Acquire UTC Power
HILLSBORO, Ore. -- December 22, 2012
ClearEdge Power, a manufacturer of scalable, continuous on-site power systems,
today has reached agreement to acquire UTC Power.
“We are excited about the strategic combination of ClearEdge Power and UTC
Power to address the demand for clean, continuous, distributed power
solutions”, said ClearEdge Power President and CEO, David B. Wright. “The
wealth of talent, intellectual capital, and technology platforms enables us to
provide highly innovative product and service solutions to our customers.”
The transaction is subject to customary closing conditions; closing is
expected early in 2013.
About ClearEdge Power
ClearEdge Power provides distributed energy generation solutions to
commercial, institutional and residential customers. The company designs,
manufactures and sells a family of continuous on-site power systems that uses
fuel cell technology to efficiently deliver predictable, clean and
cost-effective power and heat. This enables customers to increase independence
from the electricity grid, save money and reduce greenhouse gas emissions. For
more information, please visit http://www.clearedgepower.com
Neal Starling, CEP, 503-214-1606
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