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ROSH HA'AYIN, Israel, Jan. 19, 2021 /PRNewswire/ -- Aquarius Engines (TASE: AQUA) have signed a partnership deal with Honda-affiliate Musashi Seimitsu to co-develop electricity generators for the automotive and telecommunications industry. The move comes a year after the Japanese auto-parts manufacturer invested capital into the company.
Aquarius Engines now plans to establish a subsidiary in Japan to further broaden its global reach, collaborate on R&D and seek new strategic partners. The Israeli firm is looking to Tokyo to boost existing relationships and foster new ones - with an eye to adapting their patented linear free-piston engine to operate on Hydrogen. In recent years the Japanese government has invested in an ambitious policy to encourage research and development into the use of hydrogen as an energy source.