By
MTI MicroFuel Cells Inc.'s portable fuel cell technology research is receiving an injection of $1 million from Gillette to develop MTI's proprietary direct methanol micro fuel cell power systems for commercial markets.
MTI has stated that it hopes to bring the technology to market in 2004. In a filing with the Securities and Exchange Commission, MTI said the consumer shaving company could provide an additional $4 million if certain milestones were achieved in the technology partnership.
Gillette's Duracell battery subsidiary is slated to represent Gillette in the strategic alliance, which has a goal of developing alternatives to batteries for consumer products like laptop computers and PDAs.
The multiyear partnership is exclusive and will involve the sharing of intellectual property. MTI MicroFuel Cells Inc. is a unit of Mechanical Technology Inc. of Albany, N.Y.
Try TechWeb's RSS Feed!UCLA seeking Programmer/Analyst IV in Los Angeles, CA
Transportation Security Administration seeking CIO in Arlington, VA
Comcast seeking Tier 4 CRAN Network Engineer in Chelmsford, MA
SMDC Health System seeking Applications System Analyst 3 in Duluth, MN
ISES, Inc. seeking Techncial Support in Bridgewater, NJ
For more great jobs, career-related news, features and services, please visit our Career Center.
TechWeb's FREE e-mail newsletters deliver the news you need to come out on top.
Get definitions for more than 20,000 IT terms.
Editorial and vendor perspectives
