AMCI Acquisition Corp has entered into a non-binding letter of intent with a fuel cell technology company (the “Target”) for an initial business combination.
The Target is currently developing a fuel cell technology which it AMCI Acquisition believes will play a key role in unlocking the hydrogen economy.
AMCI Acquisition said it will seek to advance the development and manufacturing of the Target’s critical components for a range of high-growth energy markets, including hydrogen.
William Hunter, AMCI Acquisition’s CEO, said, “The Target is a highly innovative player in the rapidly expanding next generation fuel cell technology space.”
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