Proton Energy Systems and Matheson Tri-Gas Reach Agreement to End Contract.

PR Newswire | January 31, 2003 | Copyright

Proton Energy Systems, Inc. , a leader in hydrogen generation and fuel cell technology and products, announced today that it has reached an agreement with Matheson Tri-Gas, Inc. to end its Development, Marketing and Distribution Agreement for small laboratory hydrogen generators.

"This is purely a business decision," said Proton's President and CEO Walter "Chip" Schroeder. "Although our relationship with Matheson over the course of this contract has been a constructive one, the economics of our agreement did not permit either company to realize a satisfactory ...

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