April 24, 2014 5:45 PM ET

Electrical Equipment

Company Overview of Oorja Protonics, Inc.

Company Overview

Oorja Protonics, Inc. manufactures liquid fuel cells for the material handling industry. It offers methanol fuel cells; OorjaPac Model III, a liquid fuel cell that operates as an on-board battery charger for various material handling vehicles; and OorjaRig, a refueling solution that stores and delivers methanol to the OorjaPac on-board charging systems for indoor use in commercial and industrial environments. Oorja Protonics, Inc. was incorporated in 2004 and is based in Fremont, California.

40923 Encyclopedia Circle

Fremont, CA 94538

United States

Founded in 2004

Phone:

510-687-9501

Fax:

510-687-9502

Key Executives for Oorja Protonics, Inc.

Vice President of Finance
Vice President of Operations
Vice President of Technology & Innovation
Compensation as of Fiscal Year 2013.

Oorja Protonics, Inc. Key Developments

Toyota Tsusho Corporation Signs an Agreement for Exclusive Agency in Japan with Oorja Protonics, Inc. to Expand DMFC Business in Japan

Toyota Tsusho Corporation has signed an agreement for exclusive agency in Japan with Oorja Protonics, Inc. to expand the DMFC business in Japan. By promoting Oorja Protonics DMFCs systems, Toyota Tsusho is aiming to introduce a new type of electric power supply into Japan. The company will enter Japan's fuel cell market with the exhibit and the launch of DMFC sales at the FC EXPO 2014. DMFCs use easy-to-transport and handle methanol as a fuel source and generate electricity from the chemical reaction inside the fuel cells. Logistics networks for methanol have already been established in many global markets. DMFCs can therefore be introduced at a lower cost than hydrogen fuel cells, which have gained significant attention in recent years, and are expected to become a stable source of electric power. Technology from Oorja Protonics feature high power generation efficiency and the company's products are already being used in a wide range of applications in the U.S. with high customer satisfaction. In addition to urban environments with an established power infrastructure, the products are being actively promoted in suburban areas without an infrastructure to meet demand for stable power supplies.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 11, 2013
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Private Placement
September 20, 2013
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