September 17, 2014 10:23 PM ET

Electrical Equipment

Company Overview of Oorja Protonics, Inc.

Company Overview

Oorja Protonics, Inc. design, develops, and commercializes direct methanol fuel cells (DMFCs). The company caters to telecommunication, vehicle, transportation, distributed energy, and micro grid industries. Its clientele include Energia Solar, HySA, and Baldor Specialty Foods. The company has strategic partnerships with Toyota Tsusho, Los Alamos National Laboratory R&D, and Lawrence Berkeley National Laboratory. Oorja Protonics, Inc. was founded in 2004 and is headquartered in Fremont, California.

45473 Warm Springs Boulevard

Fremont, CA 94539

United States

Founded in 2004

Phone:

510-659-1899

Key Executives for Oorja Protonics, Inc.

Chief Technology Officer and Vice President of Technology
Compensation as of Fiscal Year 2014.

Oorja Protonics, Inc. Key Developments

U.S. Trade and Development Agency Signs an Agreement with Oorja Protonics

U.S. Trade and Development Agency signed an agreement with Oorja Protonics to share the costs of a project to pilot fuel cell technology for cell tower operations in South Africa. Implementation of the fuel cell systems would help replace expensive diesel generators with Oorja's energy efficient, environmentally friendly solutions.

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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