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Avista
Labs Fuel Cells to be Distributed to the Railroad Industry by ARMS
Automated Railroad Maintenance Systems and Avista Labs announce fuel cell
distribution agreement
Spokane, Wash.: Avista Labs, a wholly owned subsidiary of Avista Corp. (NYSE:AVA),
and Automated Railroad Maintenance Systems, Inc. (ARMS) today announced a
joint agreement to distribute Avista Labs’ Modular Cartridge Technology™
proton exchange membrane (PEM) fuel cells to the railroad industry.
ARMS, through Transportation Product Sales Company (TPSC), its selling
agency, will distribute Avista Labs’ Independence fuel cell product line
to the railroad industry for backup and remote power applications
beginning in 2002.
Joint marketing efforts will be aimed at customers from all classes of
railroads and transits within North America as well as select original
equipment manufacturers and contractors also serving this market.
According to the agreement, ARMS will sell a mix of Avista Labs’ new
commercial products, the Independence 100, Independence 500 and
Independence 1000 fuel cell systems. The Avista Labs products are hydrogen
fueled PEM fuel cell systems ranging from 100 watts to several kilowatts.
The companies have established distribution performance targets for 2002
and 2003 with the expectation that volumes will increase dramatically
through 2006.
“The modular, hot-swappable approach offered by Avista Labs’ fuel
cells is an ideal fit for remote railroad applications that require
superior reliability,” said Walter Winzen, ARMS president and chief
executive officer.
According to J. Michael Davis, chief executive officer of Avista Labs,
“We are pleased to have our products represented by ARMS/TPSC. I have
worked with them before and they have a well-earned and strong reputation
in the railroad industry.”
Avista Labs is a leader in the development and marketing of modular PEM
fuel cells. The company markets a variety of commercially available fuel
cells using its patented Modular Cartridge Technology™. Additional
company information can be found at www.avistalabs.com.
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