Intelligent Energy signs a Korean manufacturing licence agreement with South Korean partner Hogreen Air.

Published on Thu 9 June, 2022

Loughborough – 8th June 2022 – UK fuel cell manufacturer Intelligent Energy (IE), and South Korean partner Hogreen Air sign manufacturing licence agreement for hydrogen fuel cell manufacturing in South Korea.

During the JSAE Annual Congress (Society of Automotive Engineers of Japan) in Yokohama, Japan, Greg Harris (CCO, IE) and Seong-ho Hong (CEO, Hogreen Air) signed an agreement on the UK Pavilion stand hosted by the Advanced Propulsion Centre (APC) that could see local production of IE’s 100kW hydrogen fuel cell, IE-DRIVETM, commence in 2024.

South Korea is one of the countries driving the growth of the Hydrogen Economy and acknowledges the potential for both hydrogen and specifically fuel cell production. It is a key market for IE and their respective products for drones, warehouses, power production, automotive, eVTOLs and aerospace.

Having started its business as a drone supplier and an integrator of IE’s IE-SOARTM fuel cell modules for UAVs, Hogreen Air has become a valuable partner and distributor for IE and has supported the establishment of fuel cells into the Korean market. Hogreen Air’s product offerings are no longer limited to drones as the business is expanding into various industrial fields such as power generation up to 20MW and mobility. This provides IE with the opportunity to scale manufacturing capabilities and offer a wider range of products into South Korea and the wider South East Asian region with Hogreen Air’s support.

David Woolhouse, CEO at Intelligent Energy said:

“Over the last few months, we have been in discussions with partners in the Hydrogen economy hot-spots around the world to start local manufacturing. We have been working with Hogreen Air for 4 years and are delighted to sign up manufacturing in Korea as a first step in creating IE's global production footprint. As we develop our business to scaled local manufacturing, we will continue to develop a Technology Centre here in the UK.”

Seong-ho Hong, CEO of Hogreen Air said:

“Through this contract, we have built a stronger relationship with Intelligent Energy, and based on this, we are very pleased to have the opportunity to introduce Intelligent Energy’s fuel cells with excellent performance to the rapidly growing South Korean hydrogen market.”

ENDS


About Intelligent Energy

Intelligent Energy is focused on the development and manufacture of its Proton Exchange Membrane (PEM) fuel cell products for customers in the automotive, aerospace, generator, telecoms, materials handling and unmanned aerial vehicle (UAV) sectors. The company is headquartered and manufactures in Loughborough in the UK, with additional offices and representation in the US, Japan, China and South Korea.

www.intelligent-energy.com

About Hogreen Air Ltd

Hogreen Air is specialized in drone hardware and software development and manufacture in Korea. Hogreen Air was the first in the world to successfully control drones at a distance of more than 9,000km using LTE and 5G mobile communication networks. Hogreen Air aims to change the paradigm of the existing drone market by developing a hydrogen fuel cell drone for long flight and combining various industrial solutions.