Plug Power Inc (PLUG)

[tdtcal]

And ( both from srm4u):

Iwantani also claims that the H2Station control systems and software had not been completed by the time its refueling points were installed, alleging that Nel was still writing the code while employees in its Denmark office ran equipment remotely without Iwatani’s knowledge. “This shifted the cost of field testing the H2Stations to [Iwatani] and allowed [Nel] to take them into the market before they were properly tested or ready for actual commercial use by customers, and long before the software underlying the Control Systems and Software was actually created,” the lawsuit continues.

The Japanese company also argues that the Norwegian firm had misrepresented its track record, claiming that the equipment sold to other companies “was actually defective, had disastrous performance records, and was plagued by constant breakdowns and failures that caused the customers to incur millions of dollars in lost profits and other damages.” We here at CleanTechnica are not experts on business transactions, but a casual reading of the complaints against Nel seem to indicate a shocking lack of due diligence on the part of the Japanese firm.
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