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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
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.
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
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 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 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
A newly-released report by
the US Fuel Cell Council (USFCC) forecasts a $2 billion market for portable
power fuel cells by 2011.
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.
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, 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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