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  Stuart Energy Receives Canadian Manufacturers and Exporters Award for Diversification of Export Markets
Publication Date:19-November-2004
Source:Stuart Energy
TORONTO--Stuart Energy Systems Corporation (TSX:HHO), a hydrogen infrastructure company, announced today that its has been awarded the Canadian Manufacturers and Exporters Award for Diversification of Export Markets. This award recognizes success in market expansion through market diversification and adapting product and sales techniques to develop new export markets during the last 5 years. Since its inception in 1948, Stuart Energy has exported over 1,100 industrial hydrogen systems to more than 100 countries. In recent years the Company has developed hydrogen systems for energy application such as environmentally friendly hydrogen fueling stations for pollution free vehicles. These energy stations have been sold to the United States, Asia, Europe and India.

Peter Wressell, Chief Operating Office of Stuart Energy commented, "We are delighted to accept this award and to have our product development and sales efforts recognized by this esteemed organization. Stuart Energy has always been a global oriented company and has enjoyed a long and successful record for exporting product globally."

In the early 1990's, Stuart Energy identified new market opportunities for its industrial hydrogen products. Following an extensive research and development program the company created the multi-purpose Stuart Energy Station (SES) product line that generates and delivers hydrogen for industrial, power, and transportation applications. In addition to its large industrial install base, Stuart Energy has commissioned more than 20 SES hydrogen fueling stations for vehicles around the world and is considered the global leader in the provision of hydrogen infrastructure products for both industrial and energy applications.

About Stuart Energy

Stuart Energy Systems Corporation (TSX: HHO - News) is the world's leading developer and supplier of integrated hydrogen infrastructure solutions based on water electrolysis. Stuart Energy integrates its proprietary hydrogen generation technology with products from corporate partners to serve existing and emerging markets for industrial, distributed power generation and transportation applications. The Company's website address is http://www.stuartenergy.com

This release includes forward-looking statements, which are based on certain assumptions and reflect management's current expectations as contemplated under the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward -looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify, develop and achieve commercial success for new products, services and technologies; the level of expenditures necessary to maintain or improve the quality of products and services; changes in technology; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; the uncertainties of the emerging hydrogen economy, including the hydrogen economy growing at a slower pace than is anticipated; our ability to secure and maintain strategic relationships; the availability of, and ability to retain, key personnel; and the failure of the Company to effectively integrate acquisitions. Additional factors are discussed in our materials filed with the securities regulatory authorities from time to time. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 

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