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ReliOn is committed to keeping you informed about important
developments in its fuel cell technology and commercialization.
FOR IMMEDIATE
RELEASE
Wednesday, April 1, 2009
ReliOn Announces Eco-200
Spokane, Wash.: ReliOn, the leading provider of high reliability fuel cell solutions for backup power applications, today announced a new product in its portfolio, the Eco-200™. The Eco-200™ fuel cell system is designed around ReliOn’s patented technology and provides high reliability power for smaller scale power applications. The product is a compact complete fuel cell system housed in a 2U (3.5” tall) rack-mountable package. Like all of ReliOn’s fuel cell products, emissions are limited to warm air and a small amount of water, and the Eco-200™ is exempt from the most stringent air quality standards, such as those set by the California Air Resources Board. Designed to be an economical small scale backup power solution, the Eco-200™ can affordably provide hundreds of hours of runtime and many years of service for critical equipment. The product will be commercially available in the fourth quarter of 2009.
Joe Blanchard, ReliOn’s Vice President of Product Line Management commented, “The Eco-200™ provides a solution for our customers with lower power applications requiring high reliability and long runtime. For key applications including remote backhaul sites, microwave repeaters and security and sensor sites, this product provides an ideal solution that allows customers to meet their critical backup power requirements while supporting their corporate sustainability goals.”
The Eco-200™ joins ReliOn’s current product line – the T-1000® and T-2000® – which provide backup power solutions between 500W and 12kW. The company has delivered more than 2 megawatts of product at over 600 commercial customer sites in 18 countries. While many of ReliOn’s customers are wireless telecommunication providers, the company also serves markets including wireline telecommunications, government, security, and utility communications and transportation networks.
ReliOn products can be used for backup power and site hardening in both traditional configurations and as part of a clean technology system integrated with solar and wind power. Visit ReliOn at CTIA Wireless booth 1341 April 1-3.
About ReliOn:
ReliOn is a leader in the development and marketing of modular Proton Exchange Membrane (PEM) fuel cell products. The company markets commercially available fuel cell products using its patented Modular
Cartridge Technology®. ReliOn products are available domestically and internationally for commercial and industrial backup applications in the 50-Watt to 12-kilowatt range. ReliOn fuel cells are certified to multiple safety and performance standards. www.relion-inc.com .
ReliOn’s Investors:
PCG Clean Energy & Technology Fund
Robeco
Oak Investment Partners
Enterprise Partners Venture Capital
Wall Street Technology Partners LP
Chrysalix Energy Venture Capital LP
Buerk Dale Victor, LLC
Avista Corp.
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.
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FOR IMMEDIATE
RELEASE
Monday, October 20, 2008
Senator Cantwell Accepts Pathfinder Award at ReliOn
Spokane, Wash.: ReliOn, the leading provider of high reliability fuel cell solutions for backup power applications, today announced that Senator Maria Cantwell (WA) visited ReliOn in order to accept the Pathfinder Award, given by the U.S. Fuel Cell Council. The award ceremony, which took place October 17, 2008, celebrated the Senator’s leadership, vision and support of legislation and actions to enhance renewable energy technologies including hydrogen fuel cells.
The U. S. Fuel Cell Council is a 100-member strong trade association that is dedicated to fostering the commercialization of fuel cell technology throughout the United States. The council created the Pathfinder Award in order to recognize individuals and organizations outside the fuel cell industry which have made a substantial contribution to fuel cell development and commercialization. Bud DeFlaviis, Director of Government Affairs for the U.S. Fuel Cell Council discussed the work Senator Cantwell has done over the last several years in order to support fuel cells and other alternative energy power sources.
“Since the beginning of the 110th Congress, Congressional leaders committed themselves to extending tax credits for fuel cells and other alternative energy technologies. As time went on, movement on tax credit legislation had come to a standstill. Maria Cantwell’s unwavering support and her willingness to work with her colleagues kept the issue alive. Her persistence and willingness to work in a bipartisan way helped ensure that the long term credit was passed into law.”
The fuel cell investment tax credit extends an existing tax credit which was set to lapse at the end of 2008 to 2016. It also expands the program to allow commercial customers to receive $3,000 per kilowatt of installed fuel cell solutions or 30% of the cost, whichever is smaller.
ReliOn President and CEO, Gary Flood stated during the event, “ReliOn has delivered more than 1.7 megawatts of commercial fuel cell solutions to locations primarily in North America, and we are now focused on expanding our reach to South America, Europe, Asia and other international locations. The legislation developed and supported by Senator Cantwell is key to ensuring that the United States will be a leader in fuel cell technology, which will increase opportunities for commercial growth within the industry.”
“The clean energy tax bill marks a game-changing point in our nation’s history and definitive step in the right direction," said Senator Cantwell. "I was pleased that we were able to provide the fuel cell industry the certainty of an eight year tax credit to make sure this promising technology and companies like ReliOn are part of the coming clean energy revolution."
About ReliOn:
ReliOn is a leader in the development and marketing of modular Proton Exchange Membrane (PEM) fuel cell products. The company markets commercially available fuel cell products using its patented Modular
Cartridge Technology®. ReliOn products are available domestically and internationally for commercial and industrial backup applications in the 300-Watt to 12-kilowatt range. ReliOn fuel cells are certified to multiple safety and performance standards. www.relion-inc.com .
ReliOn’s Investors:
PCG Clean Energy & Technology Fund
Robeco
Oak Investment Partners
Enterprise Partners Venture Capital
Wall Street Technology Partners LP
Chrysalix Energy Venture Capital LP
Buerk Dale Victor, LLC
Avista Corp.
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.
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FOR IMMEDIATE
RELEASE
Wednesday, August 6, 2008
ReliOn Announces Changes to its Board of Directors
Spokane, Wash.: ReliOn, the leading provider of high reliability fuel cell solutions for backup power applications, today announced the appointment of two new directors and the stepping down of two existing directors. Kent Harrison, a 29 year telecommunications industry veteran, will replace Scott Fox as an outside director. Richard H. Wolf, Founding Partner for Wall Street Technology Partners (WSTP), has replaced Adam Lichtenstein, also of Wall Street Technology Partners.
Kent Harrison has over 29 years experience in the telecommunications industry. He started his telecommunications career with Pacific Northwest Bell in 1978, where he held a variety of positions in Network Operation and Engineering. In 1995, Kent moved into the wireless telecommunications industry with AT&T Wireless, where he held a variety of management roles in Network Engineering and Operations. During the last eight years, Kent was the Vice President of Network for the West Region of AT&T Mobility. He oversaw Network Engineering, Operation and Finance for 13 Western States, managing annual budgets of up to $2 billion in capital and $2 billion in operating expenses for 10,000 cell sites.
Richard Wolf has been the founding partner of Wall Street Technology Partners since 2000 and was previously a Managing Director in charge of technology private equity investments with Dresdner Kleinwort Capital. He is a graduate of the University of Chicago Graduate School of Business, the University of Chicago School of Law and the Massachusetts Institute of Technology.
“Both Kent and Richard are valuable additions to the ReliOn Board of Directors. Kent brings industry knowledge and experience in an area in which ReliOn is heavily focused. Richard brings a wealth of business experience and will continue the strong support ReliOn has received from WSTP to date,” said Gary Flood, president and chief executive officer of ReliOn. “We look forward to working closely with Kent and Richard to achieve ReliOn’s business objectives.”
About ReliOn:
ReliOn is a leader in the development and marketing of modular Proton Exchange Membrane (PEM) fuel cell products. The company markets commercially available fuel cell products using its patented Modular
Cartridge Technology®. ReliOn products are available domestically and internationally for commercial and industrial backup applications in the 300-Watt to 12-kilowatt range. ReliOn fuel cells are certified to multiple safety and performance standards. www.relion-inc.com .
ReliOn’s Investors:
PCG Clean Energy & Technology Fund
Robeco
Oak Investment Partners
Enterprise Partners Venture Capital
Wall Street Technology Partners LP
Chrysalix Energy Venture Capital LP
Buerk Dale Victor, LLC
Avista Corp.
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.
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FOR IMMEDIATE
RELEASE
Monday, April 28, 2008
ReliOn Secures "C" Round Financing
Spokane, Wash.: ReliOn, the leading provider of high-reliability fuel cell solutions for backup power applications, announced today that it has secured an additional U.S. $23 million in equity financing as a result of Series C funding activities. ReliOn welcomed two new investors into the C round: the PCG Clean Energy & Technology Fund, LLC of La Jolla, California, and Robeco Clean Tech Private Equity II (“Robeco”) of Rotterdam, Netherlands.
The PCG Clean Energy & Technology Fund and Robeco join a strong syndicate of existing investors in ReliOn, including Oak Investment Partners, Enterprise Partners Venture Capital, Wall Street Technology Partners, Chrysalix Energy Venture Capital, Buerk Dale Victor, and ReliOn’s former parent corporation, Avista Corp.
With the completion of this Series C financing, Jasandra Nyker, Vice President of the PCG Clean Energy & Technology Fund, will join ReliOn’s Board of Directors. Ms. Nyker manages the co-investment activities of the PCG Clean Energy & Technology Fund. She will bring extensive investment experience, particularly in the international markets, and her contribution to ReliOn’s Board will be further bolstered by the strong investment platform of PCG Asset Management who oversees private equity commitments of approximately $15 billion through a combination of fund-of-funds, separate accounts and advisory relationships. Ms. Nyker commented, “ReliOn represents a unique opportunity to invest in an alternative energy enterprise with substantial current market opportunities in worldwide backup power markets that are seeking new and superior technologies.”
Rhea Hamilton, Senior Investment Manager of Robeco will be an observer to ReliOn’s Board of Directors. Her strength in international growth will provide valuable guidance, as well as Robeco’s global fund management leadership, with assets exceeding $213 billion. Ms. Hamilton remarked, “Robeco is excited to work with ReliOn as it increases its commercial traction and deployments of its fuel cell products into the global marketplace.”
“We are pleased to welcome the PCG Clean Energy & Technology Fund and Robeco, along with the current investors in supporting ReliOn through it’s continued growth as a maturing fuel cell enterprise,” stated Mike Sherman, Managing Director of Chrysalix Energy Venture Capital and Chairman of the Board for ReliOn.
ReliOn President and CEO, Gary Flood stated, “We are very pleased with the completion of this Series C financing, and look forward to the added skills that the PCG Clean Energy & Technology Fund and Robeco will bring to an already strong ReliOn Board of Directors. Jasandra Nyker and Rhea Hamilton are excellent additions to our team, bringing significant international contacts and understanding of our global market focus.”
The Series C funding will be used to accelerate the sales and marketing of its fuel cells, and continued technology innovation and development for future product technologies and applications.
About ReliOn:
ReliOn is a leader in the development and marketing of modular Proton Exchange Membrane (PEM) fuel cell products. The company markets commercially available fuel cell products using its patented Modular
Cartridge Technology®. ReliOn products are available domestically and internationally for commercial and industrial backup applications in the 300-Watt to 12-kilowatt range. ReliOn fuel cells are certified to multiple safety and performance standards. www.relion-inc.com .
ReliOn’s Investors:
PCG Clean Energy & Technology Fund
Robeco
Oak Investment Partners
Enterprise Partners Venture Capital
Wall Street Technology Partners LP
Chrysalix Energy Venture Capital LP
Buerk Dale Victor, LLC
Avista Corp.
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.
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FOR IMMEDIATE
RELEASE
Monday, February 11, 2008
Emerson Network Power and ReliOn Reach Agreement That Adds Fuel Cell Products and Technologies to a Platform of Backup Power Solutions for Communication Networks
Warrenville, Illinois (February 11, 2008) –Emerson Network Power, a business of Emerson (NYSE: EMR) and the global leader in enabling Business-Critical Continuity™, today announced an agreement with ReliOn that will add ReliOn’s industry-leading fuel cell products to the Emerson suite of NetXtend™ Integrated Enclosure Solutions for backup power.
ReliOn is the leading provider of high-reliability fuel cell solutions for backup power applications. Its hydrogen fuel cell products are designed specifically to provide reliable, low maintenance backup power for the telecommunications, utility and government sectors.
Under the agreement, Emerson Network Power will integrate ReliOn products into its NetXtend brand of outside plant enclosures. The arrangement adds an alternative energy product series for Emerson Network Power, delivers greater customer reach for ReliOn, and allows the two companies to continue to explore new ways to integrate ReliOn fuel cell technology into Emerson Network Power’s product line. A comprehensive suite of Emerson Network Power engineering, installation and support services will be offered for ReliOn products integrated with the NetXtend Fuel Cell Series of enclosures and backup power.
“This agreement with ReliOn gives us even greater flexibility in designing backup power solutions that meet the changing needs of our customers,” said Manish Bhandari, vice president and general manager, Outside Plant Business, Emerson Network Power. “While traditional battery backup remains a critical part of the existing IT and telecommunications infrastructure and is central to our business, industry changes, including the FCC eight-hour mandate, are driving the need for alternative sources of backup power.”
Bhandari pointed to the ongoing move of critical telecommunications equipment away from the Central Office to the Outside Plant, often in locations where batteries are somewhat impractical. “Fuel cells can fill some of those gaps,” he said.
“Our fuel cell solutions provide a natural complement to Emerson Network Power’s existing product line,” said Gary Flood, president and chief executive officer of ReliOn. “As the industry landscape changes, the capabilities and characteristics of fuel cells become increasingly relevant to a growing number of potential customers. Working together with Emerson Network Power, we believe we can provide a comprehensive suite of backup power solutions to meet the needs of those customers.”
About Emerson Network Power:
Emerson Network Power, a business of Emerson (NYSE:EMR), is the global leader in enabling Business-Critical Continuity(TM). Preparing customers for high-stakes opportunities and threats, Emerson Network Power provides reliable power, precision cooling, connectivity and embedded solutions for computer, communications, healthcare and industrial systems. Backed by the largest global services organization in the industry, Emerson Network Power offers network reliability programs encompassing engineering, installation, project management and support services. For more information on the full spectrum of enterprise-wide solutions from Emerson Network Power, visit www.emersonnetworkpower.com.
About Emerson:
Emerson (NYSE: EMR), based in St. Louis, is a global leader in bringing technology and engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Sales in fiscal 2007 were $22.6 billion. For more information, visit www.emerson.com.
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FOR IMMEDIATE
RELEASE
Tuesday, December 18, 2007
ReliOn
Ships a Million Watts of Fuel Cells
Spokane, Wash.: ReliOn, the leading provider of high reliability
fuel cell solutions for backup power applications, today announced
it has crossed a major milestone in its commercial sales efforts. ReliOn has shipped more than one million Watts worth of fuel cell product to customers.
ReliOn’s hydrogen fuel cell products provide highly reliable, low maintenance backup power for customer sites needing between 600 Watts and 12 kilowatts of power. The company has been shipping commercial product since 2004. The milestone equates to over four hundred commercial customer sites.
“ReliOn reached the megawatt milestone near the end of November. We will exceed 1.3 million Watts delivered by year end. ReliOn is very pleased to work with our customers in meeting their goals of providing robust and reliable communications services,” remarked Joe Blanchard, ReliOn’s Vice President, Product Line Management.
ReliOn’s current products, the T-1000® and T-2000™ fuel cell systems, are designed specifically for telecommunication applications and are certified to UL, CSA, CE, NEBS Level 3 and FCC standards.
About ReliOn:
ReliOn is a leader in the development and marketing of modular
Proton Exchange Membrane (PEM) fuel cell products. The company
markets commercially available fuel cell products using its
patented Modular Cartridge Technology®. ReliOn products
are available domestically and internationally for commercial
and industrial backup applications in the 600-Watt to 12-kilowatt
range. ReliOn fuel cells are certified to multiple safety and
performance standards. www.relion-inc.com.
ReliOn's
Investors:
Oak Investment Partners
Enterprise Partners Venture Capital
Wall Street Technology Partners LP
Chrysalix Energy Venture Capital LP
Buerk Dale Victor, LLC
Avista Corp.
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.
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FOR IMMEDIATE
RELEASE
Tuesday, March 27, 2007
ReliOn
Fuel Cells Complete UL Certification
Spokane, Wash.: ReliOn, the leading provider of high reliability
fuel cell solutions for backup power applications, today announced
it has received Underwriters Laboratories, Inc. (UL) certification for its T-1000® and T-2000™ fuel cell solutions. The certification was completed under ANSI/CSA FC 1-2004, Stationary Fuel Cell Power Systems, the most current and comprehensive standard for certification of stationary fuel cell systems.
UL is an independent, not-for-profit product safety testing and certification organization. They have tested products for public safety for more than 110 years and have held the undisputed reputation as a leader in product safety testing and certification within the United States. ReliOn’s fuel cells are the first to receive UL certification under ANSI/CSA FC 1-2004.
“UL certification removes some of the barriers to fuel cell deployment which are encountered as local codes and standards are applied in specific regions. Making it easier for our communications customers who are in the process of rolling out fuel cell technology is important to ReliOn,” remarked Joe Blanchard, ReliOn’s Vice President, Product Line Management.
ReliOn’s hydrogen fuel cell products provide highly reliable, low maintenance backup power for customer sites needing between 600 Watts and 12 kilowatts of power. With this certification, ReliOn has completed third-party safety and performance testing and certification for the T-1000® and T-2000™ fuel cells. Other completed testing and certification organizations include CSA, CE, NEBS Level 3 and FCC.
About ReliOn:
ReliOn is a leader in the development and marketing of modular
Proton Exchange Membrane (PEM) fuel cell products. The company
markets commercially available fuel cell products using its
patented Modular Cartridge Technology®. ReliOn products
are available domestically and internationally for commercial
and industrial backup applications in the 600-Watt to 12-kilowatt
range. ReliOn fuel cells are certified to multiple safety and
performance standards. www.relion-inc.com.
ReliOn's
Investors:
Oak Investment Partners
Enterprise Partners Venture Capital
Wall Street Technology Partners LP
Chrysalix Energy Venture Capital LP
Buerk Dale Victor, LLC
Avista Corp.
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.
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