Acquisition Closes on Hydrogen Generation Co.

Stuart Energy Systems Corporation has closed the acquisition of Vandenborre Technologies N.V. for approximately CDN$9.5 million (US$6.4 million) in cash and 7.3 million common shares of Stuart Energy. The Belgium-based Vandenborre Technologies is the industry’s leader in the design, manufacture and sale of pressurized hydrogen generation systems based on advanced alkaline water electrolysis, according to Stuart Energy.