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Fuel cell developers United Technologies, Toshiba to split up on efforts.
Knight Ridder/Tribune Business News, November, 2004
By John M. Moran, The Hartford Courant, Conn. Knight Ridder/Tribune Business News
Nov. 18--United Technologies Corp. and Japanese technology giant Toshiba have agreed to go their separate ways when it comes to developing fuel cell products.
The companies, which have collaborated on fuel cell development since the 1980s, said Wednesday they have decided to concentrate on different visions of how that technology will reach the marketplace.
"Toshiba wants to focus on small residential fuel cells ... and we want to focus on large commercial fuel cells," said UTC spokesman Paul Jackson.
As a result, UTC will buy back Toshiba's 10 percent stake in the UTC Fuel Cells unit and Toshiba will buy back UTC's 49 percent share of Toshiba...
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