ReliOn Milestones Pave the Way for Expansion into Grid-Support Markets
ReliOn’s President and CEO, Gary Flood, noted, “ReliOn’s path to this point has been to do one thing and do it to the best of our ability. Our focus in the communications backup power markets has been key to the development of highly reliable and industry-proven backup power products. New products and partnerships will be announced in coming weeks that will expand the company’s reach to support grid-supplement markets where alternative power products are used to support a less reliable electrical grid or no grid at all. These markets will set ReliOn up for its next phase of growth. As we begin to expand our reach, we will continue to proudly serve and support our current backup power customers in multiple industries with new features and products as well.”
New markets for ReliOn are taking the company beyond its historical leadership in the telecommunications backup power market and into grid support, high duty cycle markets worldwide. With multiple fueling options available for ReliOn fuel cells, these markets have the ability to more than triple ReliOn’s addressable market in short order. In May, ReliOn announced a collaboration agreement with Hy9 to deliver a methanol fuel processor that will supply hydrogen to ReliOn’s fuel cell products. ReliOn is also in negotiations with another supplier of a different fuel processor technology for products and solutions aimed at developing markets around the world. ReliOn anticipates that its focus on global growth areas will increase its international business significantly.
PCG Clean Energy & Technology Fund www.pcgfunds.com
Oak Investment Partners www.oakvc.com
Enterprise Partners Venture Capital www.epvc.com
Wall Street Technology Partners LP www.wallstreettp.com
Chrysalix Energy Venture Capital LP www.chrysalix.com
Montlake Capital http://montlakecapital.com/
Avista Corp. www.avistacorp.com
This press release contains "forward-looking statements." These forward-looking statements involve known and unknown risks, uncertainties, and other factors, which may cause ReliOn’s actual results, performance, or achievements to be materially different from any future results, performance or achievements express or implied by such forward-looking statements. The forward-looking statements made in this press release are based on assumptions and judgments of management regarding future events and results. These assumptions and judgments may prove to be inaccurate as a result of a number of factors, many of which are beyond ReliOn’s control, and its actual results may differ materially from the results contemplated in these forward-looking statements.
ReliOn's continuous innovation in core technology has made it a leader in the development and marketing of modular, fault-tolerant fuel cell products for customers seeking solutions to critical backup power applications. With more than 1,400 sites serving customers in 42 U.S. states and 34 countries, ReliOn customers enjoy the benefits of high reliability, low operating costs and easy maintenance. ReliOn products are tested or certified to stringent standards from CSA, UL, CE, Telcordia NEBS and China TTL Labs. ReliOn fuel cells...simply powerful. www.relion-inc.com.