SUZUKI ANNOUNCE JOINT VENTURE WITH UK COMPANY
February 8 2012.


Suzuki Motor Corporation is to establish a joint venture company, SMILE FC System Corporation (SMILE FC), for developing and manufacturing fuel cell systems with Intelligent Energy Holdings PLC (IEH) of UK, a company which retains an affiliate company, Intelligent Energy Ltd. (IE), that developed the fuel cell system.

Suzuki and IE have been developing fuel cell vehicles and exhibiting co-developed motorcycles equipped with an air-cooled fuel cell system at the 2007, 2009 and 2011 Tokyo Motor Show, and earning Whole Vehicle Type Approval  in March 2011 for a Burgman Fuel Cell Scooter, the world's first fuel cell vehicle to earn it.

Suzuki will establish a joint venture company, SMILE FC, in February 2012, for developing and manufacturing a fuel cell system with IEH, and commercialize a product by combining the fuel cell development technology of IE, and control and the mass-production technologies of Suzuki.

The investment rates for SMILE FC will be 50% for both companies. The headquarters will be located within Suzuki headquarters in Hamamatsu City, Shizuoka Prefecture, and its research facility will be located at Suzuki's Yokohama Laboratory. 

Starting with the air-cooled fuel cell system, which can be characterized for its light weight, compact size, and potential for cost reduction, Suzuki and IE, with SMILE FC at the core, will work on developing mass-production technology and manufacturing of fuel cells, as well as exploiting the global supply chain of fuel cell parts, and familiarizing the fuel cell vehicles.


For further information on Intelligent Energy Holdings visit: www.intelligent-energy.com/