MTI Sells $10 Million in Stock to Fletcher International.
According to MTI, the agreement also allows for the possibility of two additional investments by Fletcher, which could aggregate up to another $26 million in sales of MTI stock before December 31, 2006.
MTI noted that the proceeds of the sale will be used in support of its subsidiary MicroFuel Cells, Inc.
Contact: George Relan, MTI, phone 518-533-2220, e-mail firstname.lastname@example.org.
(EIN STAFF: 1/27)
Copyright (c) 2003 by EIN Publishing, Inc.
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|Publication:||Fuel Cells Today|
|Date:||Jan 30, 2004|
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