Hong Kong-based toymaker Corgi International (Nasdaq: CRGI [1]) announced today that it signed a deal to use fuel cells from Singapore's Horizon Fuel Cell Technologies [2] in a new line of environmentally-friendly toy cars.

Financial terms of the worldwide partnership agreement were not disclosed.

"This agreement represents a new chapter for Corgi International and is clear evidence that, as a company, we are at the forefront in bringing new and cutting-edge environmentally-friendly and green technologies to the international toy market," said Michael Cookson, CEO of Corgi.

This isn't the first toy deal for Horizon, which made a deal in July to scale up manufacturing of its existing line of toy products with Wah Shing Toys of Hong Kong (see Fuel cells coming to more toys [3]).

"This partnership with Corgi International is a hugely exciting step for Horizon and provides a unique opportunity to take fuel cell technology out of the laboratory and into millions of homes around the world," said Taras Wankewycz, VP at Horizon.

Some of Corgi's high-profile toy licenses include Disney Classics, Harry Potter, James Bond, Star Trek,  and The Beatles.

Horizon started out in the toy business with the H-racer zero emission vehicle. The fuel cell combines hydrogen with oxygen from water to generate a direct current that powers the toy's electric motor.

The only byproducts of the fuel cell are electricity and water.