May 26, according to foreign news sources reported that the U.S. fuel cell company has been UltraCell recently announced venture capital 3.8 million U.S. dollars. New funds into the main body from BASF Venture Capital Investment Corporation, OnPoint Technologies, Espirito Santo Ventures and Miami Valley Venture Fund.

UltraCell was founded in 2002, is headquartered in California, the main R & D and manufacturing equipment used in portable micro-fuel cell system integrity. So far has been nearly 30 million U.S. dollars investment. The company's development of its intellectual property rights for the formaldehyde-based fuel cell fuel, the technology is different from other direct methanol fuel cell, and its use of innovative micro-reformer, from the high purity of the methanol extract hydrogen. Methanol reforming this system is the energy density of direct methanol fuel cell system 2 times.

UltraCell president Keith Scott said that in the past year, products XX25 increase in applications to achieve the company's initial goal: to make fuel cells out of laboratories into large-scale production. The new funds will depend in large measure to help expand our existing market, so that we can quickly respond to market demands.

investment company BASF (BASF Venture Capital GmbH), said Keith Gillard head, UltraCell the next generation of energy in promoting innovative ways to BASF left a deep impression on him.