Medis Technologies selects Celestica for its Power Pack products
May 26, 2005
Medis Technologies Ltd. (NASDAQ:MDTL) announced that its wholly owned subsidiary, More Energy Ltd., has signed a design and engineering agreement with Celestica, a world leader in electronics manufacturing services (EMS), for the Company's fuel cell Power Pack products. Celestica is a global EMS provider with 2004 revenues of $8.84 billion and over 40 manufacturing sites worldwide.
Through the agreement, Celestica's Automated Manufacturing Services division will commence the design of a semi-automated production line that will be used to produce the Power Packs. Celestica has also been identified as the EMS partner of choice for the future manufacture of the products.
A world leader in Lean manufacturing and the operation of high-speed, high volume automated manufacturing lines, Celestica provides a full range of cost-effective automated manufacturing services, ranging from product design for automation and automated line design, to full volume electronics manufacturing. The company's experience in the automated manufacture of products that incorporate many of the requirements of Medis' fuel cell Power Packs - including plastics and electronics integration, liquid sealing and testing technologies - renders Celestica an ideal partner for the high-volume production of Medis Technologies' Power Pack products.
Medis Technologies' disposable Power Pack is aimed at the consumer market. The product provides a portable auxiliary power source that operates and charges portable electronic devices, such as cell phones (including advanced 3G cell phones with a full range of functionality), digital cameras, PDAs, MP3 players, hand-held video games and other devices with similar power requirements. The Company also produces a refuelable military Power Pack.
"We are pleased to announce our choice of Celestica as our manufacturing and design partner," said Robert K. Lifton, Chairman & CEO of Medis Technologies. "Their experience in the design and automated assembly of high-volume products provides us with the necessary expertise to assemble our fuel cell Power Packs at a competitive cost while delivering high quality and consistent performance."