|UTX and Fuel Cells...Some recent announcements|
United Technologies cautious on fuel cell IPO
By Simon Hirschfeld
NEW YORK, Sept 20 (Reuters) - United Technologies Corp. (NYSE:UTX - news) is considering a partial IPO of its fuel cell business, but also sees negative aspects to such a move, which could distract from focusing on the high growth-potential business.
Tuesday September 19, 8:15 am Eastern Time
SOURCE: International Fuel Cells
UTC'S International Fuel Cells and Shell Agree to Establish Fuel Processing Joint Venture
SOUTH WINDSOR, Conn. and HOUSTON, Sept. 19 /PRNewswire/ -- International Fuel Cells, a unit of United Technologies Corporation (NYSE: UTX - news), and Shell Hydrogen US, a division of Shell Oil Products Company (Shell), today announced their intent to establish a 50-50 joint venture company to develop, manufacture, and sell fuel processors for the emerging fuel cell and hydrogen fuel markets.