VINA Tech, a specialist in eco-friendly energy storage solutions, announced on the 12th that it has signed a contract to supply Membrane Electrode Assemblies (MEAs) for building fuel cells to Doosan Mobility Innovation. With this agreement, VINA Tech has successfully integrated its MEAs into all three major players in the domestic building fuel cell market, effectively dominating the sector.

This supply contract establishes a long-term partnership for the stable delivery of MEAs—a core component—to Doosan Mobility Innovation’s fuel cell systems. This collaboration is particularly significant as it builds a robust cooperation system with a leading domestic fuel cell provider, contributing to the localization and technological independence of key hydrogen fuel cell components.

VINA Tech stands as the only company globally with a fully integrated production system for supports, catalysts, MEAs, and bipolar plates. This unique capability allows the company to maintain both cost competitiveness and superior quality. Their high-output, high-durability MEAs have already earned recognition from leading international firms.

VINA Tech continues to build an impressive global track record in the hydrogen fuel cell industry. Recently, the company has been actively expanding its global footprint, securing MEA supply contracts with a German aircraft engine manufacturer and a French building fuel cell provider.

Beyond building fuel cells, the company is strengthening its global competitiveness by applying its technology to various sectors, including maritime, automotive, and aviation, in partnership with major overseas corporations. Leveraging its position as the world's only integrated producer of core fuel cell materials and components, VINA Tech has successfully preempted the market during its early stages. The strategic alliance formed through this latest contract is seen as a highly positive milestone.

A company representative stated, "We expect improved earnings visibility through a stable revenue base and enhanced profitability by increasing the proportion of high-value-added products. We also anticipate a valuation re-rating as our fuel cell business expands. Given that the hydrogen industry is still in its infancy, we are excited about our mid-to-long-term growth as the hydrogen economy continues to spread."

Through this MEA supply contract with Doosan Mobility Innovation, VINA Tech further solidifies its position as a key partner in the domestic hydrogen ecosystem. The company remains committed to enhancing shareholder value through continuous technological innovation and market expansion.

(*the source of the article: https://core.asiae.co.kr/article/2025091213262320383)