| Bend-based
hydrogen fuel cell maker IdaTech LLC announced a number of deals over the
weekend that significantly boosted the company's global reach, officials
said Tuesday, and the result may be more high-tech jobs coming to Central
Oregon.
IdaTech, which makes power generators
that use hydrogen as fuel and generate water as the only byproduct, inked
distribution deals with three companies in Latin America and Southeast
Asia, said Amy Anderson Clem, the Bend firm's marketing communications
manager. The deals will allow IdaTech products to be sold in those regions
through existing sales networks, Clem said.
In addition, IdaTech also announced
it was awarded a second contract from the U.S. Army's Communications Electronics
Research Development and Engineering Center. The contract, worth $2.55
million, is an extension of a $3 million contract announced last August.
IdaTech also secured two additional
contracts to develop hydrogen purification technology for two unnamed companies,
one based in Japan and another in Europe, Clem said.
"Things are very positive right now,"
Clem said. "Our deals with the Japanese and European firms show that we
are deepening our relationships there, in markets that are very interested
in renewable energy. With the (Latin America and Southeast Asia) deals,
it really enables us to increase our sales footprint. We've focused on
the North American and European markets up to this point, and we're really
glad to be expanding into new markets."
The deals reflect a renaissance of
sorts for IdaTech, which cut 17 jobs in January 2006 when two federal contracts
it was operating under were suspended. The cuts dropped the number of workers
at IdaTech to roughly 65 people.
Last July, British banking firm Investec
PLC bought IdaTech from IdaCorp Inc. IdaTech lost roughly $8 million in
2005, according to financial documents.
But IdaTech has since signed several
distribution deals domestically, including one with the state of Washington,
while making marketing inroads in Europe, Japan and Latin America. It also
received $3 million in federal appropriations last September to develop
power generators for military purposes.
The deals this weekend have boosted
the company, Clem said, and IdaTech is now at 77 employees. She added that
more expansion is planned, although no specific numbers or time frame for
the addition were announced. The company currently has five open positions,
according to IdaTech's Web site.
Bend Mayor Bruce Abernethy said he
is excited to see IdaTech rebounding from early 2006, especially considering
the city gave the firm $30,000 in incentives in 2004 to keep it in Central
Oregon.
"It was unfortunate when they lost
the federal funding (in 2006)," Abernethy said. "But it's the nature of
the business they're in, and they're coming back strong."
He added that he is hopeful IdaTech's
boom will attract other technology companies to Central Oregon, adding
living-wage jobs to the region.
"Certainly, we've used IdaTech (to
showcase Central Oregon) in the past," Abernethy said. "And we'll continue
to use them in the future. It bodes well for our ability to develop an
industry cluster for (companies that develop renewable energy)."
Roger Lee, executive director with
Economic Development for Central Oregon, agreed, adding that cutting-edge
technology like the type IdaTech develops is more likely to bring attention
to the region.
"Ballard (Power Systems Inc., another
fuel cell maker) certainly put Vancouver, Canada, on the map," Lee said.
"The most exciting part of this is that IdaTech is building new technology,
and it'd be nice if we can build a tech cluster locally."
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