MTI Microfuel Cells announces strategic alliance with Samsung Electronics

MTI MicroFuel Cells today announced an exclusive alliance with Samsung Electronics to develop next-generation fuel cell prototypes for Samsung’s mobile phone business. Mobion, MTI Micro’s patented direct methanol fuel cell (DMFC) technology, has been chosen to power a series of prototypes designed for Samsung’s mobile phone and mobile phone accessories.

Together, the two companies will develop, test, and evaluate Mobion technology for various mobile phone applications. Samsung will put its resources into this joint effort which will help determine the best approach for powering the next-generation of feature-rich devices in the consumer electronics industry. Upon successful completion of this agreement, MTI Micro and Samsung intend to continue to work together by entering into a product commercialization agreement.

“By allying with MTI Micro, Samsung is empowered to go beyond the established boundaries of what is currently possible with mobile phone design and functionality. Samsung continuously pushes forward to overcome one of the most challenging issues of the mobile industry and continue to lead the market with this leading edge technology,” said YoungWoo Lee, Vice President at Samsung Electronics.

MTI Micro’s strategy is to provide a DMFC power source to a wide range of portable consumer electronic devices, from digital cameras to mobile phones to handheld entertainment devices. MTI Micro has focused on developing key partnerships in all aspects of its business including materials, manufacturing, and distribution. Today’s agreement with Samsung is preceded by an impressive list of alliances MTI Micro has established to create a world-class supply chain. With these relationships in place, MTI Micro is poised to advance Mobion as the key power source in the consumer electronics marketplace.

“Samsung is one of the largest and most innovative mobile phone suppliers in the world and I am pleased that MTI Micro has this exclusive opportunity to team with them and explore advanced power solutions for their future mobile phone products,” said Peng Lim, President and CEO of MTI Micro. “Our goal is to make Mobion a standard power source used for powering all types of mobile products, and under this agreement, our work with Samsung on mobile phones and accessory applications will be a major step in achieving that goal.”