Hydrexia Singapore Pte Ltd., a wholly owned company of Hydrexia Holding Limited (Hydrexia), a leading global hydrogen technology solution provider, and Yamato H2Energy 日本 (YamatoH2E), a leading system integrator and project developer of hydrogen in 日本 jointly announced that the two parties have reached a memorandum of understanding (MOU). The MOU outlines the intents and the scope of work by both parties to jointly collaborate to serve the needs of the Japanese hydrogen market by leveraging their respective technology and market strengths of respective party.
Under the framework of the MOU, both parties will jointly develop hydrogen storage and transport as well as refueling station equipment to be needed for the local market. Hydrexia will provide its advanced magnesium-based solid-state and hydrogen refueling station technologies to YamatoH2E, while YamatoH2E will act as a system integrator and a channel partner to integrate Hydrexia technologies. In addition, YamatoH2E will serve as a sales and marketing channel for the jointly developed products geared toward the local market.
As part of the local compliance requirement, both parties will seek to localize certain parts of Hydrexia’s technologies including, but not limited to, engineering design of products and heating systems to align with the specific needs of the 日本 market.
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“We are excited about working with an adept channel partner such as YamatoH2E in the Japanese market. While this marks our initial entry to this important hydrogen market through YamatoH2E, I am confident that our technology solution and product strengths can help meet the needs of the hydrogen market in 日本,” said Alex Fang, the chairman and group chief operating officer of Hydrexia. “We extremely value our collaboration with YamatoH2E and are committed to collaborating with our local partner to materialize our joint efforts,” Fang continued.
As a leading global hydrogen technology solution provider, Hydrexia‘s technology solutions and products have gained considerable tractions globally in the past year. The company has expanded its business operations across Southeast Asia, 日本, India, ヨーロッパ, the U.S., and オーストラリア.
ソース PRNewsWire
