BUZZ-Hydrogenics Corp: Signs JV with South Korean company

Mon Jun 23, 2014 8:37am EDT
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** Canadian fuel-cell maker's U.S.-listed shares up 2.4 percent at $19 in premarket trading

** Forms joint venture with Kolon Water & Energy, part of a leading conglomerate in South Korea, to power Kolon's renewable energy projects

** JV includes both supply of a fuel-cell array, as well as a 20-year maintenance and service agreement

** First 1 mega watt of production expected to be ready for delivery by early 2015