February 6, 2003

Nissan and UTC to develop fuel cell technology

Tokyo, Japan and South Windsor, Connetticut – Nissan Motor Co. and UTC Fuel Cells (UTCFC), a part of United Technologies Corporation’s UTC Power unit, announced the signing of an agreement to jointly develop proton exchange membrane (PEM) fuel cell technology.

Under terms of the agreement, Nissan will obtain rights to UTCFC’s technology, and the two companies will continue to jointly develop this technology for automotive applications. UTCFC will continue its separate development efforts with other auto companies. Financial terms of the agreement were not disclosed.

UTCFC will also have rights to any intellectual property jointly developed by the two companies for use in non-automotive applications, including commercial stationary power plants. UTCFC is currently developing commercial power plants based on PEM technology.

“Our efforts with Nissan over the past two years have proven extremely successful,” said Jan van Dokkum, president of UTC Power, noting the December unveiling of Nissan’s X-TRAIL fuel cell vehicle powered by a UTCFC fuel cell power plant. “This agreement builds upon our prior efforts and continues our work in advancing this game-changing technology.”

Nissan is also a partner with Canadian fuel cell maker, Ballard Power Systems.

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