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May 3  - May 10 2003
INSIDE THE INDUSTRY-A weekly re-cap of Fuel Cell related stories

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 

Largest Fuel Cell Deal Ever
In the biggest sign yet that America may finally be ready to free itself from foreign sources of energy -- two giant industrial leaders, Dow Chemical and General Motors have completed the largest ever hydrogen fuel cell deal. 

Manhattan Scientifics Licenses Fuel Cell Patents To Ballard
Manhattan Scientifics, Inc. (OTC Bulletin Board: MHTXe) announced today that the company has issued a non-exclusive, patent license of its NovArs mid-range fuel cell technology to Ballard Power Systems (BLDP).  Manhattan Scientifics received an initial payment of US$300,000 concurrent with the execution of the license agreement, which provides unlimited use rights to Ballard for the proprietary technology and systems developed by Manhattan Scientifics. The
company is scheduled to receive an additional payment of US$200,000 upon commercial launch by Ballard of a product using the technology.


Ballard Announces Completion of the Purchase of FirstEnergy's Interest in Ballard Generation Systems 
Ballard Power Systems (TSX: BLD; NASDAQ: BLDP) has completed the acquisition of the interest of FirstEnergy Corp. in Ballard's stationary power subsidiary, Ballard Generation Systems Inc. ("BGS"), through the issuance of 1,366,063 of Ballard's common shares in a transaction valued at US $29.7-million. As previously announced, BGS has also appointed FirstEnergy Corp. as a non-exclusive distributor of Ballard stationary fuel cell power generators in the Northeast and North Central United States. 

BGS was formed in 1996 to commercialize proton exchange membrane fuel cell stationary power generators that use Ballard(R) fuel cells and is a 100 percent wholly owned subsidiary of Ballard Power Systems. 



Medis Technologies and General Dynamics Extend Agreement to Refine Fuel Cell Based PDA Power Pack for Military Applications

Medis Technologies Ltd. (NASDAQ: MDTL) ("Medis") announced today that Medis and General Dynamics C4 Systems, a business unit of General Dynamics (NYSE: GD), have signed an agreement ("Agreement") for Medis to design and develop a pre-production prototype of Medis' fuel cell Power Pack for the ruggedized personal digital assistant (PDA) system that General Dynamics is developing for the military


DaimlerChrysler Delivers the First Fuel-Cell Bus to the City of Madrid, Spain

Ballard Powered Fuel Cell Bus Begins Field Trials in Europe 
DaimlerChrysler delivered its first fuel cell-powered Citaro bus to the city of Madrid today,
marking a major milestone in the development of zero-emission fuel-cell technology for transportation.


Global Thermoelectric Announces Downsizing of Fuel Cell Division

CALGARY, May 6 /CNW/ - Global Thermoelectric Inc. ("Global" or the "Company") today reduced its workforce in its fuel cell division by approximately one third, or 47 employees, which will result in reduced research and development expenditures of approximately $5 million annually.


Quantum Delivers Hydrogen Storage Systems to Suzuki

Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW), announced that it has developed and delivered proprietary light weight hydrogen fuel storage and delivery systems for Suzuki Motor Corporation's Fuel Cell Vehicle Program.  Quantum was commissioned by Suzuki to design and integrate hydrogen fuel systems that incorporate Quantum's proprietary ultra-lightweight, all composite TriShield(TM) hydrogen tanks and its patented in-tank regulator.
The 5,000-psi (350 bar) systems meet regulatory standards in the U.S. (NGV2), Japan (KHK), and Europe (EIHP).


FuelCell Energy's DFC300A Power Plant Certified Under American Nationa Standards Institute Z21.83 Products Safety Standard

FuelCell Energy, Inc. (Nasdaq: FCEL) announced today that its DFC300A Direct FuelCell(R) power plants have been certified to meet the American National Standards Institute (ANSI) products safety standards for stationary fuel cell systems, ANSI Z21.83, making it the largest power plant to be certified under this standard.  This certification will significantly reduce the time and cost for installation of the Company's DFC(R) power plants and enhances the
product's eligibility for incentive funding throughout the U.S.


UK flagging in fuel cell race 

Despite helping to pioneer the modern fuel cell, the UK is losing ground in its development compared with other countries, a survey says.


Ishikawajima-Harima develops Fuel Cells using US Firm's Stack Technology

Ishikawajima-Harima Heavy Industries Co. (TSE:7013) has begun full-scale development of compact fuel cells for gas stations and convenience stores using technology from Mosaic Energy LLC of the U.S. Mosaic Energy's technology uses stacks for the core components of small fuel cells that could even be used in automobiles. IHI will first use that technology to produce a stack with a 5kw output, which it hopes to commercialize as early as this fiscal year after field testing. By fiscal 2004, it hopes to complete development of a 20kw stack. 


SiGEN and Voller Energy formalise agency and OEM agreement

Voller Energy and siGEN Ltd announced a significant milestone in their respective developments by entering into a collaborative agreement for the development fuel cell system and product sales. 


Millennium Cell and Samsung to Collaborate on Fuel Cell Systems for Consumer Electronics

Millennium Cell Inc. (NASDAQ: MCEL), a leading technology solutions company that has created a proprietary technology to safely store, generate and deliver pure hydrogen today announced a Cooperative Development Agreement with Samsung Advanced Institute of Technology to advance fuel cell powered portable computers and communications devices. Samsung Advanced Institute of Technology focuses on the research of core technologies to create new business opportunities and develops revolutionary products to enable dramatic
market change. The collaboration will combine Millennium Cell's Hydrogen On Demand(TM) fuel technology with Samsung's expertise in PEM fuel cell development, MEMS technologies and its leading position in the consumer electronics industry.


US Fuel Cell Council Study Projects $2 Billion Portable Power Fuel Cell Market by 2011

A newly-released report by the US Fuel Cell Council (USFCC) forecasts a $2 billion market for portable power fuel cells by 2011.
    
The market study -- "Fuel Cells for Portable Power: Markets, Manufacture and Cost" - was released today at the 5th Annual Small Fuel Cells 2003 conference in New Orleans. The results are being presented by USFCC Technical Director Robert Wichert at the pre-conference workshop on May 7, at 5:20 p.m.
    
According to the study, the largest market for small fuel cells is in mobile phones, followed by notebook computers and personal digital assistants (PDAs). The report notes that the cost of the fuel cells will decrease faster than the cost of Lithium Ion batteries and will remain at a premium, but that this should not limit fuel cell sales.


Secretary Abraham Announces $150 Million for Hydrogen Vehicle and Infrastructure Demonstration and  Validation Project 

Secretary of Energy Spencer Abraham announced today the release of a $150 million solicitation for a project that will spur the development of both hydrogen vehicles and hydrogen infrastructure needed to support them. This solicitation represents a critical step in implementing President Bush's Hydrogen Fuel Initiative and supports his FreedomCAR Initiative.


GM Launches Washington Fuel Cell Preview Fleet

General Motors has launched its Washington-based fleet of hydrogen-powered vehicles as GM Chairman and CEO Rick Wagoner joined Members of Congress for test-drives of GM's HydroGen3 fuel cell prototypes. 

GM's Washington fuel cell preview program will initially run for two years and could provide up to 10,000 test drives to legislators, regulators, environmentalists and other policy makers. 


FuelCell Energy's DFC Power Plant Certified as the Largest Electric Distributed Generation Technology Meet 2007 California Emissions Requirement

FuelCell Energy, Inc. (Nasdaq: FCEL) announced today that its sub-megawatt Direct FuelCell(R) (DFC(R)) power plant is now state-certified to meet the California Air Resources Board's (CARB) stringent new distributed generation emissions standards for 2007.  By meeting this standard, the Company's sub-megawatt DFC power plant is categorized as an 'ultra-clean' technology, exempting it from air pollution control or air quality district permitting requirements by CARB (http://www.arb.ca.gov).  In addition, this certification qualifies the Company's products for preferential rate treatment by the California Public Utilities Commission (CPUC) such as the elimination of 'exit fees' and 'standby charges' for customer electric generation.
 

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