ReliOn, the leading provider of high reliability fuel cell solutions for backup power and grid-support applications, is pleased to announce that Cummins Inc. (NYSE:CMI) has made a strategic investment in the company. Cummins is a corporation comprised of multiple business units that design, manufacture, distribute and service engines and related engine related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems.
Gary Flood, ReliOn's CEO, characterized the investment: "Cummins is a global leader in power generation and, as such, will be an excellent partner to work with ReliOn as we continue our global market expansion. Cummins is committed to assist ReliOn toward increasing our market visibility and access. Additionally, Cummins will use its broad capabilities in engineering and manufacturing to accelerate ReliOn's efforts to drive costs down and increase the distribution reach of our fuel cell products around the world."
As part of this investment, Cummins will join the ReliOn board of directors.
This press release contains "forward-looking statements." These forward-looking statements involve known and unknown risks, uncertainties, and other factors, which may cause ReliOn's actual results, performance, or achievements to be materially different from any future results, performance or achievements express or implied by such forward-looking statements. The forward-looking statements made in this press release are based on assumptions and judgments of management regarding future events and results. These assumptions and judgments may prove to be inaccurate as a result of a number of factors, many of which are beyond ReliOn's control, and its actual results may differ materially from the results contemplated in these forward-looking statements.
Gary Flood, ReliOn's CEO, characterized the investment: "Cummins is a global leader in power generation and, as such, will be an excellent partner to work with ReliOn as we continue our global market expansion. Cummins is committed to assist ReliOn toward increasing our market visibility and access. Additionally, Cummins will use its broad capabilities in engineering and manufacturing to accelerate ReliOn's efforts to drive costs down and increase the distribution reach of our fuel cell products around the world."
As part of this investment, Cummins will join the ReliOn board of directors.
This press release contains "forward-looking statements." These forward-looking statements involve known and unknown risks, uncertainties, and other factors, which may cause ReliOn's actual results, performance, or achievements to be materially different from any future results, performance or achievements express or implied by such forward-looking statements. The forward-looking statements made in this press release are based on assumptions and judgments of management regarding future events and results. These assumptions and judgments may prove to be inaccurate as a result of a number of factors, many of which are beyond ReliOn's control, and its actual results may differ materially from the results contemplated in these forward-looking statements.
