Economic mission to Israel and the West Bank - Montréal and Phinergy to establish a partneship to test aluminum-air technology for electric vehicles and stationary uses

TEL AVIV, Israel, Nov. 13, 2016 /CNW Telbec/ - As part of an economic mission to Israel and the West Bank, from November 13 to 18, the Mayor of Montréal, Denis Coderre, invited the leaders of Phinergy, an Israeli company that is a leader in the development of ultra-high energy density systems based on aluminum-air energy, to test its latest technologies in Montréal.

Phinergy will have the opportunity to be among the first companies to experiment the future test corridor for electric vehicles, to be developed as part of Montréal's Transportation Electrification Strategy 2016-2020. This corridor, to be set up by the Montréal Institute on electrification and intelligent transportation, will serve as a commercial showcase and offer manufacturers favourable conditions to test their new technologies in real-life conditions.

"My role is to position Montréal as a leader in the field of electrification by creating a world-class facility to develop and experiment new electric and intelligent transportation and stationary uses. We must promote this environment, which is favourable to innovation and renewable and sustainable energies, to encourage foreign companies to invest in and develop their leading-edge technologies in the Montréal area," said Montreal Mayor Denis Coderre.

"Following the successful introduction of Phinergy's aluminum-air battery technology in Montréal at the Circuit Gilles-Villeneuve in 2014, Phinergy is pleased to come and experiment this technology in the city's future test corridor. This will enable us to demonstrate our system's performance in an urban setting and cold environment," said Aviv Tzidon, CEO of Phinergy.

The aluminum-air technology, developed by Phinergy, increases autonomy, allows charging in minutes and produces heat to preserve electric autonomy in cold weather. The technology uses aluminum as an energy source. Aluminum is the most abundant metal on earth. Because of its hydroelectric resources, Québec is one of the largest producers of aluminum in the world.  

For Montréal International, which is the Greater Montréal area's promotion agency, Israel and the West Bank are part of the fast-growing technological poles in the world. "The Greater Montréal area offers many advantages to innovative foreign companies, including leadership in the fields of clean technologies and electric vehicles. The support of Mayor Denis Coderre enables us to demonstrate Montréal's commitment to create a positive environment capable of attracting new foreign investors and positioning Québec's metropolis as a pole for innovation and creativity," said Hubert Bolduc, President and CEO of Montréal International.  

About Phinergy (phinergy.com)
Phinergy is a leader in the innovative development of clean energy storage and generation systems. The Phinergy team relies on a large pool of talents and expertise to address conventional technological challenges using new and creative solutions. The company's aluminum-air energy system offers several benefits including ultra-high energy density, zero emission, fully recyclable materials and competitive costs.

About Montréal International (montrealinternational.com)
Created in 1996, Montréal International is a non-profit organization funded by the private sector, the governments of Québec and Canada, Montreal Metropolitan Community, and Ville de Montréal. Montréal International's mission is to attract foreign investors, international organizations and strategic talents to the Greater Montréal area.

SOURCE Ville de Montréal - Cabinet du maire et du comité exécutif

For further information: Céline Clément, Director, Public Relations, Montréal International, [email protected], +1.514 987-9317; Emmanuel Levy, Director, Business Development, Phinergy, [email protected], +972.54.700.7331; Marc-André Gosselin, Press Attaché, Office of the Mayor and the Executive Committee, Ville de Montréal, +1.514 346-7598