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DuPont to Back New York Company in Creation of Tiny Fuel Cell.
Knight Ridder/Tribune Business News, August, 2001
By Kenneth Aaron, Times Union, Albany, N.Y. Knight Ridder/Tribune Business News
Aug. 8--International chemical conglomerate DuPont will back Mechanical Technology Inc.'s efforts to make a tiny fuel cell for use in portable electronic devices.
DuPont will take a minority stake in MTI's fuel-cell development program, although the size of its investment was not disclosed. The Delaware-based company also will supply membranes and other components for MTI's cells.
"I think this is really, really an important step for our company," said William Acker, MTI's president.
The announcement came about a week after MTI and DuPont won a $4.6 million federal grant to develop the cells for commercial release -- an event that MTI won't say when it...
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