Powerball International Completes Initial Objectives in Pilot Sodium Plant.Business Editors WEST VALLEY CITY, Utah--(BUSINESS WIRE)--Feb. 6, 2003 Powerball International Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: PRBL PRBL Pension Reasonable Benefit Limit ) is pleased to announce that it has achieved all of its initial objectives and goals established for the sodium pilot plant located in West Valley City. Powerball holds two issued patents for a process to convert sodium hydroxide sodium hydroxide, chemical compound, NaOH, a white crystalline substance that readily absorbs carbon dioxide and moisture from the air. It is very soluble in water, alcohol, and glycerin. It is a caustic and a strong base (see acids and bases). into elemental sodium. The pilot plant successfully demonstrated continuous and consistent production of elemental sodium with the addition of engineered sodium handling systems for the fully computerized pumping, spraying, metering, temperature control and product filtering of the finished sodium. Powerball will now focus its efforts on the licensing of its technologies to industrial and commercial partners. "Demonstrating the ability to recycle sodium hydroxide into elemental sodium was a crucial element for maximizing the potential for the hydrogen generation technology in existing industrial and emerging fuel cell hydrogen markets. Not only does this allow a lower cost for the hydrogen, but it opens up possible licensing opportunities in the commercial sodium market," commented William Freise, Powerball's president. Commercial sodium is currently made using a "Downs Cell The Downs' process is a method for the commercial preparation of metallic sodium, in which molten NaCl is electrolyzed in a special apparatus called the Downs' cell. How it works The Downs' cell uses a carbon anode and iron cathode. " which electrolyzes molten salt Molten salt may refer to:
A process or industry that requires large amounts of human effort to produce goods. Notes: A good example is the hospitality industry (hotels, restaurants, etc), they are considered to be very people-oriented. See also: Capital Intensive, Trading Dollars and consumes large amounts of electricity. By contrast, Powerball believes that its proprietary process will prove to be more labor efficient, energy flexible and therefore more cost effective on a commercial scale. In the recent State of the Union Address “State of the Union” redirects here. For other uses, see State of the Union (disambiguation). The State of the Union is an annual address in which the President of the United States reports on the status of the country, normally to a joint session of Congress (the , President Bush said, "A single chemical reaction between hydrogen and oxygen generates energy, which can be used to power a car -- producing only water, not exhaust fumes exhaust fumes fumes given off by vehicles; contain some carbon monoxide, the amount varying with the efficiency of combustion in the particular engine. In most engines the use of exhaust fumes for euthanasia is not recommended because it operates partly on the carbon dioxide . With a new national commitment, our scientists and engineers will overcome obstacles to taking these cars from laboratory to showroom, so that the first car driven by a child born today could be powered by hydrogen, and pollution-free." Bush's call for a $1.2 billion research initiative for hydrogen-fueled automobiles created a fresh public awareness of the value that hydrogen could contribute toward a healthy environment and energy independence from imported Middle Eastern oil. Powerball believes that with the achievement of these milestones in the process used to create its main 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 of raw materials, it is uniquely positioned to benefit from the President's proposed hydrogen initiative. Powerball is a development-stage company that has patented a proprietary technology to safely generate and store hydrogen as a solid material at room temperature and atmospheric pressure. The energy potential of hydrogen is carried in the chemical bonds of sodium hydride, which in the presence of water, releases hydrogen. The reaction that occurs is exothermic exothermic /exo·ther·mic/ (-ther´mik) marked or accompanied by evolution of heat; liberating heat or energy. ex·o·ther·mic or ex·o·ther·mal adj. 1. and requires no additional input of heat energy to release the hydrogen. The process supplies pure hydrogen on demand for energy applications without the need for expensive catalysts, compression or liquefaction liquefaction, change of a substance from the solid or the gaseous state to the liquid state. Since the different states of matter correspond to different amounts of energy of the molecules making up the substance, energy in the form of heat must either be supplied to . Hydrogen is used to power fuel cells, internal combustion engines, heating, food processing and many industrial applications. Powerball has also patented a process for converting sodium hydroxide into elemental sodium, which is the basic raw material required for the hydrogen production technology. A description of Powerball's patents and target markets is available at http://www.powerball.net/business/description.html. For more information on Powerball International, visit www.powerball.net or call 801/974-9120. This press release may include statements, which are considered "forward-looking" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from Powerball International's expectations. These factors include, but are not limited to, the following: (i) the cost and timing of development and market acceptance of Powerball International's hydrogen generation systems and other industrial products, (ii) competitive factors, such as price competition and new product introductions and (iii) other factors detailed from time to time in Powerball International's filings with the Securities and Exchange Commission. |
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