Israel's Aquarius Engines has signed a memorandum of understanding with Japanese auto-parts manufacturer TPR, focused on cooperation between TPR and Aquarius's soon-to-be established Japanese subsidiary, the company announced Thursday.
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Aquarius Japan will work to create strategic partnerships across Asia and promote more business opportunities in the Japanese market in addition to R&D on adapting the patented Aquarius linear engine to operate on hydrogen and penetrate the Japanese automobile market.
The government of Japan continues to encourage the development of technological innovations in the field of hydrogen as an energy source and allocates significant resources for this purpose, a move that serves as a fertile ground for the Aquarius Engines plans to revolutionize green energy.
"We are pleased to be partnering with TPR, which is a dominant and central force in the Japanese automotive industry. Bringing together our subsidiary Aquarius Japan with TPR, we will be able to create long-term relationships with leading manufacturers in the Japanese market and establish Aquarius' status as a key player in manufacturing the cars of the future. This is thanks to our innovative products, which will contribute to the green revolution that has already begun in the global automotive industry," said Gal Fridman, Chairman of Aquarius Engines.
