Medis Contracts to Mass-Produce Power-Pack Fuel Cell Units
Medis Technologies Ltd. (NASDAQ: MDTL) announced it has contracted with a top tier electronic manufacturer service firm to begin a commercialization program leading to high volume production of its Power Pack products. The program is divided into phases with the deliverables under the first phase to include mold flow analysis, volume manufacturing and test strategies, new product introduction plan, tooling phase proposal, and a low volume manufacturing proposal. The primary EMS point of contact initially will be its division in Israel supported by its world-wide resources. As Medis builds out its own operational team in North America, the EMS will match that with resources in appropriate locations. Moreover, as Medis' major OEM customers begin to engage in integrating Medis' fuel cell technology with PDA, tablet or military products, the EMS will provide resources from each of its operational centers specializing in such products to support Medis in these efforts. "We are delighted to enter this foundation relationship with Flextronics International to lead to volume production of our Power Pack products," said Robert K. Lifton, Chairman and CEO of Medis Technologies. "They are acknowledged to be the world leader in contract manufacturing and offer us production know how and experience at […]