BIC has announced that its Canadian subsidiary has acquired the assets of Angstrom Power Incorporated, Vancouver, B.C., a company specializing in the development of portable fuel cell technology for CAD 18.7 million (approximately EUR 13.5 million).

Mario Guevara, Chief Executive Officer, said: "BIC's vision for the portable fuel cell industry remains to manufacture and commercialize a replaceable hydrogen fuel cartridge. With the purchase of Angstrom, BIC will also be able to provide a total power solution."

A portable fuel cell device works with a replaceable fuel cartridge and provides charging capability to consumer electronic devices that have rechargeable batteries (e.g. smart phones, tablets, cell phones, gaming, GPS, etc.) and direct power to other electric indoor and outdoor devices. By offering instant, constant and extended power, portable fuel cells will give the consumer convenient access to power whenever and wherever needed, as an alternative to electricity from a wall outlet.