FOR IMMEDIATE RELEASE
Mansfield, OH, December 12, 2008: Ohio's Lt Governor Lee Fisher announced today that Energy Technologies, Inc. (ETI) would be awarded a second state grant of One Million Dollars to continue development of fuel cell technologies. The grant is awarded through the Ohio Third Frontier Fuel Cell Program and is part of more than $4.2 million in grants which have been awarded to six entities for the advancement of fuel cell research and production in Ohio. These grants are expected to create many high tech jobs statewide.
To aid in this effort, Energy Technologies is expanding its Tactical Fuel Cells division, which is working to develop a High-Volume Manufacturing Process for Metal Hydride Fuel Cell (MHFC) Stacks and Systems.
Expanding on their 2008 Ohio Third Frontier Fuel Cell Program award, ETI will develop and implement a high volume production capability for producing the metal hydride fuel cell stack, stack components, welding process and balance-of-plant (BOP) integration at Energy Technologies' facilities. The project is to set up ETI's partner, Michigan-based Energy Conversion Devices' electrode manufacturing line, stack assembly and joining line at Energy Technologies. The electrode manufacturing line will use the low cost methods commonly used in the battery manufacturing industry and the stack joining will use laser methods, which are currently outsourced, that will be brought into Energy Technologies' Facility.
In the announcement, Lt Governor Fisher, who also serves as Director of the Ohio Department of Development and Chair of the Ohio Third Frontier Commission, stated "Having invested heavily in fuel cell research and development, Ohio is at the forefront of many technological advances in this industry sector." And added, "We are proud to support these collaborative endeavors in fuel cell technology that continue to foster innovation and spur economic growth across the state."
The Ohio Third Frontier was initiated in February 2002. This project is the state's largest-ever commitment to expanding Ohio's high-tech research capabilities and promoting innovation and company formation that will create high-paying jobs for generations to come. The 10-year, $1.6 billion initiative is designed to: Build world-class research capacity; Support early stage capital formation and the development of new products; and Finance advanced manufacturing technologies to help existing industries become more productive. Through the Ohio Third Frontier Project, additional federal and private sector support can boost the total investment to more than $6 billion.
Created in 2002, the Ohio Fuel Cell Initiative is a $103 million program that aims to spur job creation in Ohio while positioning the state as a national leader in the growing fuel cell industry. The initiative is an integral part of the Third Frontier Project. To date, more than $77 million in funds have been awarded to Fuel Cell projects across the state.
Working with our partners across business, state and local governments, academia, and the non-profit sector, the Ohio Department of Development works to attract, create, grow, and retain businesses through competitive incentives and targeted investments. Engaged every day in marketing, innovating, investing, and collaborating, the Ohio Department of Development works at the speed of business to accelerate and support the teamwork that is absolutely necessary for success by providing financial, informational, and technical assistance to those making an investment in Ohio's future.
Energy Technologies, Inc. (ETI), established in 1991, is a privately held electronics and technology manufacturing company. ETI currently operates from its 32,200 square feet of manufacturing and engineering facilities in Mansfield, Ohio. ETI has become a world leader in providing extremely reliable power backup and generation equipment to the Defense, Homeland Security, Industrial, Medical, and Telecomm market sectors.
ETI provides highly reliable, yet cost effective product solutions for the rugged computer and power conditioning requirements of its customers. ETI's product line includes Uninterruptible Power Supplies (UPS), Inverters, Frequency Converters, Generators, computers and Solar Products.
For More Information Regarding ETI, Contact:
Energy Technologies, Inc.
219 Park Avenue East
Mansfield, OH 44902-1845