EBARA decides to pull out of fuel cell business and to dissolve Ebara-Ballard

The difficult economic turndown that is originated from the global financial crisis continues, and there is still uncertainty in economical recovery. In the present stage of the residential fuel cell cogenerator business having entered its real commercialization, further management resources must be invested for the mass-production and cost reduction of the cogenerators. Under this economic situation, the company has decided that it is difficult to further continue the fuel cell business. It is true that the company has thus far utilized every resource available with hope that the residential FC cogenerator business would be a promised business in the medium- and long-range forecast.

Source: Excerpted from Ebara’s press release