AEC Completes First 'Live' Demonstration.BURLINGTON, Ontario Burlington (2006 population 164,415) is a city located in the Golden Horseshoe, across Lake Ontario and Burlington Bay harbour from Hamilton, in Halton Region, Ontario, Canada. -- Alternate Energy Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARGY) announced the completion of its first 'live' demonstration of its hydrogen production Hydrogen production is commonly completed from hydrocarbon fossil fuels via a chemical path. Hydrogen may also be extracted from water via biological production in an algae bioreactor, or using electricity (by electrolysis) or heat (by thermolysis); these methods are presently not unit (HPU HPU Hawaii Pacific University HPU High Point University HPU Howard Payne University (Brownwood, TX) HPU Hydraulic Power Unit HPU Homeless Persons Unit (UK) HPU Hydraulic Pumping Unit ). The demonstration was conducted on Sunday, May 8, 2005 at AEC's contracted laboratory in Downsview, On. With over 12 in attendance, the demonstration presented AEC's technology to a group of interested investors and other involved parties. The purpose of the demonstration was to provide a complete overview of AEC's HPU functionality while showcasing some of its key benefits, including portability, safety and environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] by-products. In addition to producing on-demand hydrogen in front of the crowd, the unit demonstrated its ability to power a small generator at idle and under load. Blaine Froats, AEC's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. stated, "We were very pleased to host this reception of invited guests and be able to demonstrate our recently upgraded HPU 'live' for the first time ever. It was evident that our visitors were clearly impressed by what they witnessed. Though this first meeting was conducted at our consultant's facility for convenience, future demonstrations will be delivered to the doorstep of interested parties, fueling a variety of power applications." Video footage of AEC's 'live' demonstration will be made available on the company's website next week to registered shareholders and other qualified individuals - www.cleanwatts.com. About Alternate Energy Corporation (AEC AEC US Atomic Energy Commission Noun 1. AEC - a former executive agency (from 1946 to 1974) that was responsible for research into atomic energy and its peacetime uses in the United States Atomic Energy Commission ; www.cleanwatts.com): Alternate Energy Corporation (AEC) intends to provide a hydrogen fuel system that has mass-deployment economics and provides small-scale, on-demand distributed generation of electricity. The Company anticipates scheduling product demonstrations with key strategic partners in the first quarter of 2005, then shipping initial hydrogen production and electricity generation systems later in 2005. AEC's proprietary discovery in metallurgy permits a small-scale unit to generate hydrogen from an aqueous solution through a "green" system at a price competitive with the current fossil fuel kWh cost of energy. Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, the ability to negotiate outstanding prior debts of acquired companies; properly identify acquisition partners; adequately perform due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. ; manage and integrate acquired businesses; react to quarterly fluctuations in results; raise working capital and secure other financing; respond to competition and rapidly changing technology; deal with market and stock price fluctuations; and other risks. These risks are and will be detailed, from time to time, in AEC's Securities and Exchange Commission filings, including Form 10-KSB 10-QSB and 8-K. Actual results may differ materially from management's expectations. Alternate Energy Corporation (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :ARGY) |
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