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Aquarius Engines Gets Approval For Strategic Agreement With Honda-affiliate Musashi Seimitsu
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Aquarius Engines Gets Approval For Strategic Agreement With Honda-affiliate Musashi Seimitsu
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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ROSH HA AYIN, Israel, April 1, 2021 /PRNewswire/ Aquarius Engines (TASE: AQUA) has signed a memorandum of understanding with Japanese auto-parts manufacturer TPR, focused on cooperation between TPR and Aquarius s soon-to-be established Japanese subsidiary.
Aquarius Engines is in the process of establishing a sister company in Japan with the aim of promoting and strengthening ties with existing Japanese partners, which include Honda-affiliate Musashi Seimitsu and TPR.
The 10kg super efficient Aquarius Engine (Credit: David Katz) (PRNewsfoto/AQUARIUS ENGINES)
Aquarius Japan will work to create strategic partnerships across Asia and promote more business opportunities in the Japanese market. In addition to research and development to adapt the patented Aquarius linear engine to operate on hydrogen and penetrate the Japanese automobile market.
Aquarius Engines Signs New Deal With Japanese Auto-parts Manufacturer TPR
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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.