Plug Power Inc (PLUG) announced today an agreement with Tyco Electronics Power Systems, Inc., under which Tyco Electronics will market and sell Plug Power’s GenCore®5T fuel cell systems for telecommunication backup applications throughout the United States and Canada. Under the agreement with Plug Power, Tyco Electronics will market, promote and sell the GenCore product through its direct sales force, under both the Tyco Electronics and Plug Power brands. The distribution agreement formalizes a working relationship between the companies that has been actively addressing technology, marketing, reliability and certification for more than a year, and is complemented by a previously announced nationwide service and installation agreement between Plug Power and Tyco Electronics Installation Services Inc. [ more ]
