MTI MicroFuel Cells Inc. has announced the opening of a new representative office in Shanghai.
The new office will facilitate MTI Micro's efforts to develop relationships with manufacturers and low-cost component suppliers in China.
"Expanding our operations in China is an important step in achieving manufacturing readiness," said Peng Lim, chairman and CEO of MTI. "A local presence in China is key to our commercialization strategy, and will assist in establishing our manufacturing base to support increased production levels in preparation for our product launch in 2009."
The opening of the representative office in China follows the company’s appointment of new business representatives in Korea and Japan. As part of MTI Micro's business development strategy in Asia, the China office will also work to develop new partnerships and help strengthen ongoing OEM relationships. MTI Micro hopes to sign a low-cost manufacturing partner by the end of this year.
MTI MicroFuel Cells Inc, a subsidiary of Mechanical Technology, Inc., is the developer of Mobion — a proprietary direct methanol micro fuel cell power system and a number of system prototypes demonstrating size reductions and performance improvements.
