Ballard Power Systems and Coleman Powermate have entered into a Memorandum of Understanding whereby Ballard will purchase Coleman Powermate’s AirGen fuel cell generator assets.
Ballard will acquire all related inventory, tools and moulds, software and intellectual property, including the AirGen brand, and will develop its own sales, marketing and distribution strategy for the fuel cell generator.
The Memorandum of Understanding is subject to completion of due diligence.
The AirGen, powered by Ballard’s Nexa power module, was launched in December 2002 for industrial use as a portable power source or emergency backup power system.
With the recent consolidation of the First Alert and Coleman Powermate units of American Household, however, a new management team has decided to focus its efforts on its traditional business lines.
The AirGen fuel cell generator was first commercialized for industrial customers using hydrogen fuel supplied through high-pressure cylinders.