Intelligent Energy and Suzuki Motor Corporation Announce Completion of Ready-to-Scale Fuel Cell Production Line in Japan

LONDON --(Business Wire)--

SMILE FC System Corporation ("SMILE FC"), a joint venture between Intelligent Energy and Suzuki Motor Corporation has successfully established a ready-to-scale production plant for its fuel cell systems in Yokohama, Japan.

Hidezumi Kato (General Manager), Phil Caldwell (Board Member and Director of Corporate Development at Intelligent Energy), Osamu Honda (News - Alert) (President and Representative Director and Vice President and Representative Director of Suzuki Motor Corporation), Masataka Yamakawa (Vice President and Representative Director, and Representative Director of IE Japan Ltd), Ichizo Aoyama (Board Member and Managing Director of Suzuki Motor Corporation), Kunio Nakamura - (Auditor). (Photo: Business Wire)

The production line marks the successful transfer of proven semi-automated production technology, developed and utilised by Intelligent Energy. This represents the next stage in high volume production of fuel cell systems with associated reduction of manufacturing and assembly costs as well as improved cycle times and enhanced product quality.

The manufacturing centre will be scaled up to supply fuel cell stacks for integration with Suzuki vehicles. The joint venture has access to Intelligent Energy's fuel cell technology under a non-exclusive licence, thereby accelerating the commercialisation of Suzuki's fuel cell vehicles.

Mr. Osamu Honda, President of SMILE FC and Executive Vice President, Suzuki Motor Corporation said: "We are delighted to achieve such a significant milestone just one year after the establishment of the JV. It brings us closer to delivering on our commitment to achieve efficient and cost-effective production of fuel cell systems for integration into clean energy vehicles."

Dr Henri Winand, Chief Executive at Intelligent Energy, noted: "Fuel cell systems provide one of the best solutions to reducing carbon emissions from vehicles. The Yokohama production line is testament to the rigorous, results-oriented collaboration between Intelligent Energy and Suzuki Motor Corporation - one that brings us a step closer to the commercialisation of fuel cell electric vehicles. This demonstrates how our focused commercial approach accelerates and de-risks our partners and customers' deployment plans."

Headquartered at Suzuki HQ in Hamamatsu City, Shizuoka, SMILE FC was created in February 2012 to develop and manufacture air-cooled fuel cell systems for a range of industry sectors including automotive. The joint venture provides Suzuki with access to Intelligent Energy's Air Cooled Fuel Cell technology, through partnering and licensing. This will drive benefits such as early volume production, economies of scale and avoiding the higher costs associated with in-house development.

About Intelligent Energy

Intelligent Energy delivers efficient and clean energy technology for the global consumer electronics, automotive and stationary power markets - from compact energy packs for mobile devices, to power-trains for zero-emission vehicles, and stationary power units for the always-on infrastructure.

Our unique technology architecture is used by global blue chip companies to create differentiated, cost-efficient fuel cell power systems for mass market applications. It enables Intelligent Energy and our industry partners to solve the challenges of continuous power and productivity, by creating convenient everyday energy solutions to power your life.

Intelligent Energy operates globally, with offices in the Americas, Europe and Asia.

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