Divesting UTC Power is another step forward in UTC’s ongoing portfolio transformation to focus on its core of aerospace and building systems. The transaction is subject to customary closing conditions. Closing is expected early in 2013.

UTC Power sells fuel cell solution for stationary, transportation and aerospace and defense applications.

We are excited about the strategic combination of ClearEdge Power and UTC Power to address the demand for clean, continuous, distributed power solutions. The wealth of talent, intellectual capital, and technology platforms enables us to provide highly innovative product and service solutions to our customers.

—ClearEdge Power President and CEO, David B. Wright

ClearEdge Power designs, manufactures and sells a family of continuous onsite power systems that uses fuel cell technology.