UAV Market Takes off for Intelligent Energy

Intelligent Energy signs deal to deliver fuel cell systems for UAVs in the supply chain with industry leading inventory solution provider

Intelligent Energy AC64 air cooled fuel cell (Photo: Business Wire)

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LOUGHBOROUGH, England & SAN JOSE, Calif.--()--Intelligent Energy has signed a deal with PINC to supply its air cooled fuel cell systems for unmanned aerial vehicles (UAVs), marking Intelligent Energy’s first sale of fuel cell systems for UAVs as the Company moves forward with the commercialisation of its technology.

PINC uses UAVs to identify and orchestrate hard-to-reach inventory and assets in the global supply chain and is the leading provider of yard management, finished vehicle logistics, and inventory robotics solutions to the world’s largest manufacturers, retailers and contract logistics providers. PINC has defined the UAV market in the supply chain with an innovative inventory approach that transcends the delivery use case.

Intelligent Energy’s fuel cell systems for UAVs offer longer flight time, fast refuel capabilities and flexibility for varying payloads, addressing some of the biggest challenges for users. This is particularly evident in the commercial space where UAVs are increasingly being used for a number of applications including inspections, search and rescue and film and photography.

PINC will operate the fuel cell powered UAVs alongside battery operated UAVs as part of its inventory robotics offering, which provides real-time inventory tracking by air. PINC's unmanned aircraft system (UAS), ‘PINC Air’, allows companies to apply drone technology, coupled with advanced RFID and optical sensor capabilities, to significantly improve the operational effectiveness and efficiency of inventory checks. PINC understands longer flight time is essential to the development of its customer offering and Intelligent Energy’s fuel cell systems will provide this.

Julian Hughes, Senior VP at Intelligent Energy, commented on the deal: “I am delighted to announce the first sales of our fuel cell systems for UAV application. PINC is leading the way with the use of hydrogen fuel cell UAVs in the supply chain and we are certain they will be impressed with the benefits our fuel cells will offer over conventional batteries. We look forward to a long relationship with them.”

Martin Bloom, Group CEO at Intelligent Energy, added: “PINC is based in California, a state that is proactively adopting hydrogen. We see this region as a significant market for Intelligent Energy’s range of market-ready fuel cell products.”

Matt Yearling, CEO at PINC, said: “PINC is committed to providing innovative solutions that deliver maximum value to our customers. Joining forces with an industry leader like Intelligent Energy will enable our inventory robotics solutions to perform more effectively and efficiently, thereby transforming the way organisations do inventory checks inside and outside of manufacturing plants and warehouses.”

Working prototypes of Intelligent Energy’s fuel cell systems for UAVs were showcased last year at InterDrone. This first UAV deal demonstrates the company’s commitment, as part of its revised strategy, to commercialise fuel cell technology for this fast growing market.

About Intelligent Energy

Intelligent Energy Holdings plc delivers clean energy solutions for the distributed energy, diesel replacement, automotive and aerial drone markets. Working with international companies, Intelligent Energy aims to embed its fuel cell stack technology into applications across its target market sectors.

With its principal facility and headquarters in Loughborough, UK, the company also operates in Japan, India, China, Singapore, France and the US. Intelligent Energy Holdings plc is listed on the London Stock Exchange (LSE:IEH.L).

More information on Intelligent Energy is available at Twitter, YouTube and LinkedIn. Or visit http://www.intelligent-energy.com

About PINC

The world's leading brands use PINC's yard management system (YMS), finished vehicle logistics, and inventory robotics solutions. The company's cloud-based real-time asset tracking platform, powered by the Internet of Things (IoT) sensor network, provides actionable insights that allow companies to optimize their supply chain execution. PINC's customers are able to enhance service, increase collaboration, optimize inventory, accelerate velocity, and improve asset utilization. Learn more about PINC at www.pinc.com.

Contacts

Intelligent Energy
Debbie Hughes, D +441509 271921
Head of PR
debbie.hughes@intelligent-energy.com
or
Kristin Reeves, D 1 415-856-5145 or M 1 925-787-6744
kreeves@blancandotus.com

Release Summary

Intelligent Energy has signed a deal with PINC to supply its air cooled fuel cell systems for unmanned aerial vehicles (UAVs)

Contacts

Intelligent Energy
Debbie Hughes, D +441509 271921
Head of PR
debbie.hughes@intelligent-energy.com
or
Kristin Reeves, D 1 415-856-5145 or M 1 925-787-6744
kreeves@blancandotus.com