Protonex fuel cell deal to net up to $6.4M

By Mass High Tech staff

Video Gallery

MHT's Jackie Noblett: Charging station plans await surge in electric vehicle sales

MHT's Jackie Noblett: Fuel cell cutbacks may be good for companies

MHT's Efrain Viscarolasaga: Solar installation booms in New England

Spin Transfer whips up $36M in first round [February 13, 2012]

Oxford Immunotec taps Altieri as CFO [February 13, 2012]

SeraCare selling to Linden for $82M [February 13, 2012]

UtiliData finds more funding from Braemer [February 13, 2012]

Marlborough-based fuel cell firm Protonex Technology Corp. has landed a contract from the U.S. Army CECOM worth $1.85 million for the development and supply of advanced portable battery charger/auxiliary power units (APU) fuel cell systems. The contract, part of the American Recovery and Reinvestment Act of 2009, could increase to $6.4 million if three option phases are awarded.

The fuel cell systems, to be developed from the current M250-CX 240-watt platform, would give the military portable field battery chargers or APUs that are quiet, light weight and fuel efficient.

The contract is expected to save on costs associated with non-rechargeable batteries used in the field, according to a news release from Protonex (LON: PTX) officials.

In December, the company won a contract worth a potential $1 million to develop fuel cells for the Army. Protonex University of South Carolina Research Foundation and WinTec Arrowmaker Inc., a Fort Washington, Md.-based defense engineering firm.

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.