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AMCI Acquisition to Acquire Fuel Cell Technology Company
Tuesday 22 September 2020

US-based blank check company AMCI Acquisition Corp. (NASDAQ: AMCI) has entered into a non-binding letter of intent with a fuel cell technology company for an initial business combination, the company said.

The target is developing fuel cell technology that the company believes will be a key to unlocking the hydrogen economy.

The company said it will seek to advance the development and manufacturing of the target's critical components for a diversified range of high-growth new energy markets, including transportation, off-grid, aviation, and the hydrogen economy, to respond to significant and immediate market opportunities.

The target is led by an experienced management team that expects to deliver innovative technology through partnerships with internationally recognised research centers.

The company's management team believes the target is an attractive investment opportunity given the Target's next generation fuel cell technology, which the company believes will be an essential component needed to unlock the hydrogen economy and increase investor demand for the acceleration of decarbonisation.

AMCI Acquisition Corp. (NASDAQ: AMCI) is a blank check company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganisation or similar business combination with one or more businesses in the global natural resources and related industries.
Date Published: 22/09/2020