AEC Takes Delivery of First E8 Fuel Cell Generator From Astris Energi.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Alternate Energy Corp. (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 ) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARGY) announced today that it has taken delivery and completed training on the first Model E8 Portable Power Generator from Astris Energi Inc. (OTCBB: ASRNF) as detailed in the value added reseller See VAR. (company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). (VAR) agreement AEC signed with Astris Energi in May 2004. The E8 Generator is the latest in a series of Astris power generators driven by Astris' alkaline fuel cell The alkaline fuel cell (AFC), also known as the Bacon fuel cell after its British inventor, is one of the most developed fuel cell technologies and is the cell that flew Man to the Moon. (AFC (1) (Application Foundation Classes) A class library from Microsoft that provides an application framework and graphics, graphical user interface (GUI) and multimedia routines for Java programmers. ) technology. Nominally rated at 2.4kW and providing 48 VDC VDC Volts Direct Current VDC Venture Development Corporation VDC Vehicle Dynamic Control VDC Village Development Committee (Nepal) VDC Virtual Data Center VdC Verband der Cigarettenindustrie power at 50 amperes of current, the E8 is targeted at stationary applications such as uninterrupted power supply, backup applications for commercial and military users, and emergency site power. Its electrical efficiency The efficiency of an entity (a device, component, or system) in electronics and electrical engineering is defined as useful power output divided by the total electrical power consumed (a fractional expression). Plans are underway to couple Astris' E8 Generator with AEC's low-cost, small-scale, proprietary, portable Hydrogen technology that produces fuel cell pure hydrogen gas on demand. AEC utilizes readily-available, bio-compatible elements that produce hydrogen with a purity rating of 99.9% - with only water and oxygen as by-products. The resulting fuel cell power pack will be reliable, economical 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] . The combined AEC - Astris power pack is aimed at the many expanding markets for high-quality, clean power on an uninterrupted basis. These markets include stationary industrial and residential back-up applications in data centres, telecommunications installations, hospitals, construction sites, emergency power support, and recreational segments. Currently, AEC is testing the power pack, and is scheduling a series of demonstrations starting in late February 2005. AEC's purchase order to Astris calls for an additional five Model E8 units to be delivered to AEC in stages throughout 2005, subject to performance evaluation Performance evaluation The assessment of a manager's results, which involves, first, determining whether the money manager added value by outperforming the established benchmark (performance measurement) and, second, determining how the money manager achieved the calculated return of the first unit. Blaine Froats, Chairman and C.E.O. of Alternate Energy Corp. said: "AEC will be able to demonstrate this joint power pack for electricity generation to a wide variety of potential customers interested in stationary industrial and residential primary and back-up power applications. Many of these are global, and we have started to schedule demonstrations with several of these organizations that span many markets." Jiri K. Nor, Astris Energi's President and C.E.O. said: "Our AFC technology is ideally suited to the stationary and portable power markets. It is cost efficient, reliable and clean. The Model E8 in combination with AEC's 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 technology will ensure a quiet, emission-free power supply that can be operated both indoors and outside, making it ideal for a wide variety of commercial applications. The success of this project could drive product demand and advance phase one of our pilot-scale production of the POWERSTACK(TM) MC250, which is now underway at our affiliate in the Czech Republic, to full-scale production." About Alternate Energy Corporation (AEC; 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 is 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. About Astris Energi Inc. (www.astris.ca) Astris is a late-stage development company committed to becoming the leading provider of affordable fuel cells and fuel cell generators internationally. Over the past 21 years, more than $17 million has been spent to develop Astris' alkaline fuel cell for commercial applications. Astris is commencing pilot production of its POWERSTACK(TM) MC250 technology in 2005. Astris is the only publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. in North America focused exclusively on the alkaline fuel cell. 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion