NTT DoCoMo and Fuel Cell Firm Aquafairy Sign New Basic Agreement

NTT DoCoMo and Fuel Cell Firm Aquafairy Sign New Basic Agreement

NTT DoCoMo, Inc. announced today that it has signed a new basic agreement with Aquafairy Co. to strengthen the joint R&D system for development of handset rechargers using Aquafairy’s hydrogen fuel cell technology.

The agreement includes details of the development process and specifies the roles of each partner for the commercialization of the recharger. Also, DoCoMo’s acquisition of a stake in Aquafairy based on a business and capital tie-up that was announced on September 11, 2006, is not going ahead, so each company will have a freer environment in which to pursue R&D and business development.

With the aim of ensuring fastest-possible commercialization of the handheld fuel cell rechargers, the two companies are further enhancing their partnership through this agreement, allowing them to promote product development and technical cooperation.

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