Electric Car Company (ECC), a company engaged in electric conversion of vehicles, has signed a letter of intent with Neah Power Systems, a developer of silicon-based micro fuel cells, to sell and distribute Neah's proprietary fuel cells and ancillary products for hybrid four-wheel vehicles.
The five-year agreement will also provide Electric Car Company with the exclusive marketing rights to sell Neah Power’s fuel cells to other manufacturers of hybrid four-wheel vehicles.
In addition, ECC plans to incorporate Neah’s silicon-based Direct Methanol Fuel Cell technology into its electric vehicles, which will combine the battery and fuel cell technology to increase its travel range from 50 miles to 250 miles on a single charge.
Neah’s patented fuel cell technology utilizes porous silicon architecture and semiconductor manufacturing technology to provide greater than 2.5X increase in power density as compared to the incumbent proton exchange membrane.
The partnership agreement, which is subject to the completion of due diligence, necessary consents and approvals and customary terms and conditions, is expected to be closed on or before 1 November 2010.
ECC CEO Gary Spaniak said that ECC is looking forward to a zero emissions solution to extend the range of electric vehicles and that this agreement will give ECC the ability to be first to market with the Neah fuel cell recharging system.