The company signed an MOU with Singapore's Powerzone H2 Technologies to explore opportunities in the Southeast Asia region. Powerzone H2 will focus on locations close to Powerzone H2’s facility in Singapore and their manufacturing facility in China.

Powerzone H2 plans to offer their customers a complete package solution that will include the build, service and maintenance of power products incorporating IE’s fuel cell products.

"Powerzone H2 will focus on applications for IE-Soar products for drones and IE-Lift products for portable and stationary power in industries such as construction, materials handling, seaports and airports. The two companies will also work together to explore the growing potential in the region for fuel cell products within the telecoms markets. We welcome the relationship and look forward to working together," said David Fields, head of product line, IE-Lift at Intelligent Energy.