Medis Technologies Ltd. (NASDAQ:MDTL) has contracted with Eastman Kodak Company's Global Manufacturing Services (GMS) operation to advance the development of refueling cartridges and chemicals, including those for fuel and liquid electrolyte that Medis has patented, to be used in its proprietary fuel cell products. These products are designed to power a variety of portable electronic devices.
"Our agreement with Kodak Global Manufacturing Services offers us the opportunity to work closely in our fuel cell program with a highly knowledgeable group respected for its professionalism and sophistication in the uses and production of chemicals," said Robert K. Lifton, Chairman and CEO of Medis Technologies.
"We expect this relationship to make an important contribution in advancing the development of our refueling cartridge and of our proprietary chemical components which are such an essential element of our fuel cell products. We also plan to utilize the expertise of GMS in matters relating to quality control and consumer product certification and testing. We have previously announced an agreement with Flextronics International to commence an industrialization program leading to high volume production of our Power Pack products. With the added support from Kodak, we believe we have brought together a world-class team that will greatly advance the program for bringing our fuel cell products to market."
GMS is a contract-manufacturing operation through which Kodak makes available to others the company's century-long expertise in developing specialty chemicals, coatings, novel particles and coated products.
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