VAIREX Accepts Largest Production Purchase Order in Company’s History
VAIREX corporation of Boulder, Colorado announced today that it had accepted an order for 350 of the Company’s fuel cell air management systems from a US based Fuel Cell manufacturer. These units will be delivered in the First Quarter of 2010, with the intent for increasing numbers to follow in successive Quarters. VAIREX is operating under Chapter 11 of the Federal Bankruptcy code, and the transaction and payment terms were approved by the Court.
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