Sanyo and Samsung Agree to Joint Fuel Cell Development

Deal aims to cut costs and speed up development of non-polluting fuel cell power systems.

Published: 15-Jan-2002

TOKYO/OSAKA, Jan 15 (Reuters) - Consumer electronics maker Sanyo Electric Co said on Tuesday it agreed with South Korea's Samsung Group [SAGR.UL] to jointly develop fuel cells for small-scale home and commercial power generation.

The deal aimed to cut costs and speed up development of non-polluting fuel cell power systems, and Sanyo said collaboration between the two groups' research and development arms would expand to other technological areas as well.

"What's most important is that by combining our technologies we can speed up commercial availability," Fusao Terada, director of Sanyo Electric's research and development centre, told a news conference.

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