FuelCell Says Talks Ongoing with South Korean Partner for Licensing Pact
FuelCell Energy, Inc. (Nasdaq: FCEL), a global leader in the design, manufacture and service of ultra-clean, efficient and reliable fuel cell power plants, today provided an update on negotiations with POSCO Energy regarding a 120 megawatt (MW) multi-year order and a cell licensing agreement. Active negotiations are continuing for both the order and the licensing agreement as the parties work to reach mutually agreeable terms. FuelCell Energy and POSCO Energy expect to conclude negotiations and execute agreements for the 120 MW order and the cell licensing agreement within 2012.
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