Medis Technologies Ltd. (NASDAQ:MDTL) and Northwest Charging Systems Inc. (NCS), announced a worldwide distribution agreement to market and sell the Medis 24/7 Fuel Cell Power Pack together with an initial purchase order from Northwest for 250,000 24/7 Power Packs.
NCS is a manufacturer and battery assembler, focused on providing engineering, design, components and production assistance to the portable power market. NCS provides Smart Battery management solutions for complex battery systems of up to 12 cells in series including safety, pack management, cell balancing, fuel gauging and charging solutions.
“We are excited to be able to offer our customers the Medis 24/7 Power Pack to meet their mobile charging needs,” said Lance Chandler, CTO, of Northwest Charging Systems. “We immediately recognized that the Medis 24/7 Power Pack would be a product that would satisfy our customers’ requirements since we could find no other mobile charging solutions available in the market that can provide the extended runtimes that the 24/7 Power Pack allows. Medis’ vision for the future aligns with NCS’ as we move toward providing next generation solutions to the portable power needs of our customers.”
“Northwest Charging Systems is a highly sophisticated battery solutions company which provides a valuable avenue for us to place the Medis 24/7 Power Pack at OEM companies requiring mobile power products,” said Robert K. Lifton, Chairman & CEO of Medis Technologies. “We look forward to working with them on distributing the Medis 24/7 Power Pack to a variety of OEM customers throughout the world.”
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