GenCell and Aicox Soluciones advance their partnership to adapt GenCell’s clean and resilient standby power solutions to the needs of its telecommunications customers in the Spanish, Portuguese and Latin American markets

Aicox Soluciones deploys GenCell BOX™ at the headquarters facilities in Spain to show and demonstrate the value of hydrogen fuel cells to major potential customers Petah Tikva, Israel – January xx, 2022 – GenCell Energy, (TASE: GNCL ), a leading manufacturer of innovative hydrogen fuel cell energy solutions, today announces the advancement of its partnership with Aicox Soluciones, a Spanish group of cutting-edge technology and communications companies that provides engineering developments, systems operation, after-sales services and development of turnkey projects for leading companies in Spain and Portugal with a strong presence in Europe, Central America and Africa. Aicox Soluciones has deployed a live demo site in Madrid to showcase the cost-effective, green and rugged GenCell BOX™ backup power solution, primarily to its mobile operator and tower customers, with the aim of increasing the share of market in the telecommunications market.

GenCell has partnered with Aicox Soluciones to offer telecommunications providers, telecommunication tower management companies and other relevant companies in Europe and Central America, solutions that incorporate its alkaline fuel cells and its innovative hydrogen conversion technologies and ammonia into energy to generate reliable, emission-free power at a lower cost than diesel. Telecommunications providers can rely on fuel cell technology to maintain a constant power supply, prevent power outages, and keep cell towers, equipment, and networks up and running.

“We are confident that GenCell’s emission-free, cost-effective and resilient backup power solutions will attract strong interest from our European and Latin American customers looking to diversify their energy sources and reduce their electricity bills, while minimizing greenhouse gas emissions. carbon and guarantee a reliable flow of energy to keep your equipment and systems continuously operational.The union of GenCell’s innovative renewable energy technology with the deep experience and knowledge of Aicox Solutions in the design, engineering and maintenance of technological projects Turnkey and unconditional commitment to the success of our clients will create a powerful force in the European energy market”, commented Carlos Félix Laborda Bonilla, Director of Business Development at Aicox Soluciones.

Mr. Laborda added: “Having three manufacturing facilities serving the Spanish, European and Latin American markets, we are currently focused on increasing market demand, understanding that in the future we will be able to leverage our production capacity to enable local manufacturing of GenCell equipment, which will reduce costs and increase our market share in the region”. ”

Rami Reshef, General Manager of GenCell, commented: “We are very pleased to be working with Aicox Solutions and to demonstrate our technologies to their extensive customer base. We appreciate this opportunity to collaborate with Aicox’s highly professional engineering team to obtain their knowledge of the specific challenges facing the telecommunications, utilities, and oil and gas sectors in Europe and Latin America, as well as to leverage their experience in project design, deployment, and maintenance. “