AEC Signs Fuel Cell Technology Agreement.Business Editors LAS VEGAS--(BUSINESS WIRE)--July 9, 2003 Mr. Blaine Froats, Chairman of Alternate Energy Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARGY), today announced information on an exciting new agreement for 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 . Mr. Froats stated, "AEC has signed a letter of intent with Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. based Select Molecular Technologies, Inc. (Mississauga, Ontario For the First Nation, see . Mississauga (pronounced: [ˌmɪsɪˈsɑgə] listen ) to explore a sharing of technologies to create a new and novel method of generating electricity for the retail consumer. This will involve the use of a newly developed fuel cell and storage battery." Mr. Froats continued, "Select Molecular Technologies Inc is a private Canadian company that is associated with Mega-C Technologies and Mega-C Power. Mega-C Power is a technology leader in the field of next-generation high-efficiency 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] batteries." Additional announcements regarding the business plans and operations of AEC will be forthcoming. About Alternate Energy Corporation (AEC) Founded in March 2000, AEC owns patented technologies that enable electric utility companies and large multi-national industrial companies (petroleum, chemical, mining, steel, pulp and paper, manufacturing, etc.) to increase their power output by, in some cases, up to 50% with significant decrease in cost. This is accomplished without increasing the amount of fossil fuel fossil fuel: see energy, sources of; fuel. fossil fuel Any of a class of materials of biologic origin occurring within the Earth's crust that can be used as a source of energy. Fossil fuels include coal, petroleum, and natural gas. that is used, which provides two additional benefits: less dependency on imported fossil fuels and lower fossil fuel pollution levels. Both the cost and availability of fuel, and protecting the global environment are currently two of the highest profile issues on North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. agendas. Our engineered systems are part of the solution and not part of the problem. 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 ARGY's Securities and Exchange Commission filings, including Form 10-KSB for the year ended Dec. 31, 2002, and subsequent Forms 10-QSB and 8-K. Actual results may differ materially from management's expectations. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion