Tuesday, 20 February 2007

NTT DoCoMo and Fuel Cell Firm Aquafairy Sign New Basic Agreement

NTT DoCoMo has signed a new basic agreement with Aquafairy to strengthen the joint R&D system for development of handset rechargers using Aquafairy's hydrogen fuel cell technology.

The agreement includes details of the development process and specifies the roles of each partner for the commercialisation of the recharger. Also, DoCoMo's acquisition of a stake in Aquafairy based on a business and capital tie-up that was announced on September 11, 2006, is not going ahead, so each company will have a freer environment in which to pursue R&D and business development.

With the aim of ensuring commercialisation of the handheld fuel cell rechargers, the two companies are further enhancing their partnership through this agreement, allowing them to promote product development and technical cooperation.