vavyzina.wordpress.com
million in venture funding to help expand operationd at its facility in where it has addedr a handful of workers since The Livermore, Calif.-based company, which has licensec its technology from , will spend the money increasing capacity at a factory in where its fuel cells are made. the plant in Ohio has 19 employees, up from 12 in said Keith Scott, UltraCell’s chief executive officer. “We’re currently in the processe of hiring, and we’rre hoping to move all of our supplierx from Californiato Ohio,” Scott said in an “We’re making good progress on that goal.
Moving forward, our intentioj is to only hire operations personnel in The company is making two fuel cells is meant to run a military laptol computer for up toeigh hours, and can also be used to operate vide o devices or other surveillance gear for , , and contributed the venture capital. UltraCelp has raised $30 millionm total since it was startedin 2002, according to the The Miami Valley Venture Fund is basedf in Dayton and focused on the 12-county region around Dayton. It is one of thre funds managed bythe , in conjunctioj with Cincinnati-based River Citiee Capital.
“We are pleased that UltraCell will be manufacturing fuel cellsa here in the Dayton region and we appreciate the opportunithy to support them alongside ofnational investors,” Dayton Developmenrt Coalition President and CEO Jim Leftwich said.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment