Cummins Invests in ReliOn

24 Jan 2013

ReliOn

ReliOn has announced that Cummins Inc. has made a strategic investment in the company and a representative will join ReliOn's board of directors. Cummins' core interest lies in engine technology, including design, manufacture, distribution and servicing. It also has interests in the related fields of fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems, which all share similarities with aspects of fuel cell technology.

Gary Flood, ReliOn's CEO, said: "Cummins is a global leader in power generation and, as such, will be an excellent partner to work with ReliOn as we continue our global market expansion. Cummins is committed to assist ReliOn toward increasing our market visibility and access. Additionally, Cummins will use its broad capabilities in engineering and manufacturing to accelerate ReliOn's efforts to drive costs down and increase the distribution reach of our fuel cell products around the world."

ReliOn's current investors include:

Avista Corp.

Chrysalix Energy Venture Capital LP

Cummins, Inc.

Enterprise Partners Venture Capital

Montlake Capital

Oak Investment Partners

PCG Clean Energy & Technology Fund

Robeco

Wall Street Technology Partners LP

 

Source: ReliOn press release


Industry Directory: ReliOn

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