Greenlight Innovation signs Technology Licensing Agreement with Hydrogenics for Test Equipment
Burnaby, BC: Greenlight Innovation Corporation announced today it has entered into a technology licensing and asset purchase agreement with Hydrogenics Corporation.

By entering this agreement, Greenlight Innovation acquires the exclusive right to manufacture and sell the complete line of FCATS™ fuel cell test stations. The 5-year licensing agreement with Hydrogenics includes the exclusive worldwide rights to the patent portfolio and technology pertaining to fuel cell test equipment and includes a non-exclusive license to utilize the technology in other applications. Separate agreements cover the purchase of assets from the Hydrogenics Test Systems (HTS) business unit and a sublease of the HTS facility.
Greenlight, which was established by former managers of HTS in 2008, will be retaining a number of the key employees from HTS with expertise in mechanical and electrical engineering, software, manufacturing and customer service. Greenlight will continue to serve the fuel cell test market with an experienced work force, an established product line and global service network.

“We are extremely pleased to continue offering the FCATS™ line of test equipment to our customers in the fuel cell industry. The feedback we have received regarding the quality and reliability of the equipment has been phenomenal. Many of our customers are also relieved to know that we will continue to provide world class service on the existing install base” said Ross Bailey, Greenlight’s President.

“We look forward to serving the HTS customer base around the world as an independent test equipment supplier.”

Greenlight will be manufacturing the FCATS™ series of testing stations as their flagship product line. The FCATS™ products are in their sixth generation of development and have set the industry standard for over 10 years as the most advanced and reliable fuel cell testing platform. The Greenlight control and automation software (HyWARE™) is recognized as the most sophisticated control software in the industry. Greenlight’s business philosophy is to continue to be the supplier of choice to the world’s fuel cell developers, integrators and laboratories by providing customers with the accurate and
reliable tools they need to commercialize fuel cells. Greenlight Innovation is a privately held company, independent of any fuel cell developer. Greenlight's facility is located in Burnaby, British Columbia.

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