Elcogen signed new research agreement with the University of Tartu

On January 31, 2003, Elcogen signed a framework agreement with the University of Tartu for fundamental and applied research in the field of fuel cells.

The framework agreement signed by Prof. Jaak Aaviksoo, the Rector of the University of Tartu, and Mr. Enn Õunpuu, the CEO of Elcogen, will be in force until the end of 2007. The amount and schedule for each year's work will be specified annually. In 2003, the amount of research work is EEK 3.3 million.

The new agreement follows the research agreement from September 2001, according to which the Institute of Physical Chemistry of the University of Tartu carried out similar research in the amount of EEK 4 million in 2001-2002.