AP&T and Cell Impact AB (publ) have signed a long-term cooperation agreement with focus on production lines for formed plates for heat exchangers, fuel cells and electrolyzers. The cooperation initiative entails Cell Impact’s High Velocity Impact Units being integrated with AP&T’s complete production solution for efficient volume production of heat exchanger and flow plates. This enables a competitive solution for bending and forming flow plates to be offered to the energy and automotive industry. The competitiveness of the solution is based on lower manufacturing costs and improved plate quality. The agreement will initially apply through December 31, 2017, and thereafter be extended for two years at a time.

AP&T develops, manufactures and markets complete production systems and relevant aftermarket services for the sheet metal forming industry. The company is currently active on three continents and is, amongst other things, a leading supplier of complete lines for manufacturing heat exchanger plates and press-hardened components for the automotive industry. AP&T’s research and development is focused on new materials and methods for weight reduction, safety and energy efficiency with the goal of offering customers sustainable and competitive complete solutions with a high degree of availability.

Cell Impact is an innovative company that develops and provides cutting edge expertise in High Velocity Impact Units, a niche technology that is revolutionary in many respects and which helps customers strengthen their competitiveness through lower production costs and improved end product quality.

AP&T and Cell Impact have signed a long-term cooperation agreement for high velocity bending. Mats Wallin, CEO of Cell Impact (to the left) and Magnus Baarman, CEO and managing director of AP&T.

AP&T and Cell Impact have signed a long-term cooperation agreement for high velocity bending. Mats Wallin, CEO of Cell Impact (to the left) and Magnus Baarman, CEO and managing director of AP&T.

“AP&T has been developing fully automated production lines for heat exchanger plates for several years. By integrating Cell Impact’s High Velocity Impact Units, we can increase the level of quality and improve plate tolerance further. With the growing market for fuel cells, we believe that the solution can enable production lines for high volumes at a very favorable cost. Formalizing the previous declaration of intent with Cell Impact in this cooperation agreement signals our belief that the time has come to invest in the fuel cell industry,” says Magnus Baarman, CEO and managing director of AP&T.

“This is our first formal cooperation agreement with AP&T, and represents a more in-depth continuation of the previous declaration of intent. It is an important step since together the parties can offer the growing market an interesting alternative to conventional forming technology. We are very happy to have signed this agreement with AP&T, which is a well-reputed and world-leading supplier of heat exchanger and press hardening lines for the automotive industry, amongst other things,” says Mats Wallin, CEO of Cell Impact.

The market for cost-efficient stationary fuel cells and fuel cells for vehicles is developing very rapidly at present. Both parties believe that the timing is right to commercialize a common concept that satisfies high customer demands. Based on current and customer-validated test results, the conditions are right for the cooperation initiative to be well received by the market.

For additional information, please contact:

Magnus Baarman, CEO and Managing Director AP&T
Phone +46 10 471 3501
E-mail magnus.baarman@aptgroup.com