Intelligent Energy and Suzuki Motor Corporation Announce Completion of Ready-to-Scale Fuel Cell Production Line in Japan

  Intelligent Energy and Suzuki Motor Corporation Announce Completion of
  Ready-to-Scale Fuel Cell Production Line in Japan

 Joint Venture celebrates first anniversary with Air Cooled Fuel Cell engine
                               production plant

Business Wire

LONDON -- February 20, 2013

SMILE FC System Corporation (“SMILE FC”), a joint venture between Intelligent
Energy and Suzuki Motor Corporation has successfully established a
ready-to-scale production plant for its fuel cell systems in Yokohama, Japan.

Hidezumi Kato (General Manager), Phil Caldwell (Board Member and Director of
Corporate Development a ...

Hidezumi Kato (General Manager), Phil Caldwell (Board Member and Director of
Corporate Development at Intelligent Energy), Osamu Honda (President and
Representative Director and Vice President and Representative Director of
Suzuki Motor Corporation), Masataka Yamakawa (Vice President and
Representative Director, and Representative Director of IE Japan Ltd), Ichizo
Aoyama (Board Member and Managing Director of Suzuki Motor Corporation), Kunio
Nakamura – (Auditor). (Photo: Business Wire)

The production line marks the successful transfer of proven semi-automated
production technology, developed and utilised by Intelligent Energy. This
represents the next stage in high volume production of fuel cell systems with
associated reduction of manufacturing and assembly costs as well as improved
cycle times and enhanced product quality.

The manufacturing centre will be scaled up to supply fuel cell stacks for
integration with Suzuki vehicles. The joint venture has access to Intelligent
Energy’s fuel cell technology under a non-exclusive licence, thereby
accelerating the commercialisation of Suzuki’s fuel cell vehicles.

Mr. Osamu Honda, President of SMILE FC and Executive Vice President, Suzuki
Motor Corporation said: “We are delighted to achieve such a significant
milestone just one year after the establishment of the JV. It brings us closer
to delivering on our commitment to achieve efficient and cost-effective
production of fuel cell systems for integration into clean energy vehicles.”

Dr Henri Winand, Chief Executive at Intelligent Energy, noted: “Fuel cell
systems provide one of the best solutions to reducing carbon emissions from
vehicles. The Yokohama production line is testament to the rigorous,
results-oriented collaboration between Intelligent Energy and Suzuki Motor
Corporation – one that brings us a step closer to the commercialisation of
fuel cell electric vehicles. This demonstrates how our focused commercial
approach accelerates and de-risks our partners and customers’ deployment
plans.”

Headquartered at Suzuki HQ in Hamamatsu City, Shizuoka, SMILE FC was created
in February 2012 to develop and manufacture air-cooled fuel cell systems for a
range of industry sectors including automotive. The joint venture provides
Suzuki with access to Intelligent Energy’s Air Cooled Fuel Cell technology,
through partnering and licensing. This will drive benefits such as early
volume production, economies of scale and avoiding the higher costs associated
with in-house development.

About Intelligent Energy

Intelligent Energy delivers efficient and clean energy technology for the
global consumer electronics, automotive and stationary power markets – from
compact energy packs for mobile devices, to power-trains for zero-emission
vehicles, and stationary power units for the always-on infrastructure.

Our unique technology architecture is used by global blue chip companies to
create differentiated, cost-efficient fuel cell power systems for mass market
applications. It enables Intelligent Energy and our industry partners to solve
the challenges of continuous power and productivity, by creating convenient
everyday energy solutions to power your life.

Intelligent Energy operates globally, with offices in the Americas, Europe and
Asia.

More information on Intelligent Energy is available at Twitter, YouTube,
Flickr, Tumblr and LinkedIn.

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Contact:

Intelligent Energy
Dr. Jon Moore
Director of Communications
jon.moore@intelligent-energy.com
+44-15-0927-1271
or
Racepoint Group
Alex Gandhi / Elijah Lawal
intelligentenergyuk@racepointgroup.com
+44-20-8811-2474
 
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