Electro Power Systems Furthers Its Global Expansion, Partnering with USA-Based VP Energy

Together, the international energy storage solutions providers guarantee cost-effective business continuity via autonomous self-recharging power systems

SINGAPORE--Electro Power Systems SpA (EPS), a leading energy storage company and World Economic Forum Technology Pioneer 2012, has entered into an exclusive manufacturing, operations and distribution agreement for the United States, Canada and Mexico with VP Energy LLC (VPE).

The decision to partner with an alternative energy solutions provider was fueled by the increasing use of EPS's autonomous, self-recharging fuel cell technology to provide clean and efficient energy storage, including grids and renewables extension and optimization, all over the world. With its comprehensive coverage of the territory and expertise in supplying and integrating the Premier UPS Fuel Cell Generators to North America, VP Energy can effectively expand the use of CSA-certified ElectroSelfTM, the world's only stand-alone, self-recharging energy storage system based on fuel cell technology. VP Energy is also well-positioned to integrate EPS technology within comprehensive energy storage and mission-critical support solutions.

"We have found a partner able to understand and support the development that we've worked hard to create," explains Stefano Poli, CEO of Electro Power Systems. "Together, we intend to bring fuel cell technology to the mass market while constantly improving the performance and lowering the cost."

"We are proud to partner with one of the international leaders within the fuel cell sector," explains Brian Elzerman, President of VP Energy. "It is both challenging and rewarding to align ourselves with such as strong technology partner and we believe ElectroSelf represents the type of energy storage solution our customers are demanding."

EPS is a recognized innovator and market leader of fuel cell energy storage solutions based on hydrogen technology, and is the only company in the world with an autonomous, self-recharging fuel cell system that can effectively and efficiently guarantee always-on power for virtually any application. ElectroSelfTM, the company's flagship product, is an enabling technology for Energy Distributed Generation that is optimized for use with renewables. It efficiently stores energy when grid or renewable sources are plentiful, and instantaneously releases energy whenever there is a power outage or when renewable sources are not enough. Key markets for ElectroSelf include Asia-Pacific, North America and the EMEA territories that are increasingly focused on cleantech solutions to fuel growth expectations in a sustainable yet cost-effective manner.

About Electro Power Systems Group

Electro Power Systems (EPS) is a growing international energy storage company focused on leveraging stationary power systems based on hydrogen fuel cell technology to guarantee always-on energy for today's most important industries and applications. The company was recently selected as a Technology Pioneer 2012 by the World Economic Forum, a prestigious award granted to a small group of hand-selected companies. EPS has also won multiple awards for its technology and vision, including recognition by the GSMA for its self-recharging ElectroSelf platform, which was deemed the "Most Innovative Product Enabling a Greener World". With a robust and continuous growing intellectual property portfolio, a track record of successful innovation and a fast growing revenue base, EPS supplies fuel cell-based energy storage solutions to some of the world's largest players within the telecommunication, utilities, system integrators, security and business continuity sectors, as well as any organization requiring power protection for mission-critical applications. EPS has recently moved its strategic headquarters into Asia, with R&D and operations being managed from its Italian engineering facilities. The company also has branches within the UK and India and is expecting to have its own presence in China soon. Its shareholders include selected strategic partners, including top management and key institutional investors. More information can be found at www.electropowersystems.com

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