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 LRM Industries LLC Announces Development Contract for Hydrogen Energy Component From Hydrogenics

Publication Date:27-June-2005
3:51 PM US Eastern Timezone 
Source: Envirokare Tech, Inc.
Orlando, Fla.-- LRM Industries, LLC today announced it has received a development contract purchase order from Hydrogenics of Mississauga, Ontario to develop and prototype a hydrogen generation system component. This program is expected to result in further commercial validation of LRM's proprietary TPF(TM) technology.
 
"We anticipate that Hydrogenics' generation system component will be the first of several plastic components or devices, which will benefit from conversion to TPF(TM) manufacturing," said Dr. John Verbicky, President of LRM.

The structural capabilities of TPF(TM) long-fiber-reinforced materials, which provide significant advantages in terms of (x, y and z axis) strength, may represent an attractive alternative for other components in Hydrogenics products.

Hydrogenics, which recently acquired Stuart Energy of Mississauga, Ontario, Canada, is a leading developer and manufacturer of hydrogen energy generation and distribution equipment.

LRM Industries, LLC (LRM) was formed to commercialize ThermoPlastic Flowforming (TPF(TM)) technology through development, manufacturing and licensing. LRM, is a joint venture of NOVA Chemicals Inc. and Envirokare Composites Corporation (a unit of Envirokare Tech, Inc.) (ENVK), which owns all rights and interests in the TPF(TM) technology and related commercial applications, following the merger of ECC & TCD on March 3, 2005.

TPF(TM) is an emerging process technology for the low pressure, fully automated molding of long-fiber-reinforced thermoplastic (LFRT) large structural parts providing enhanced mechanical properties through the randomization and preservation of fiber length in molded parts. LFRT molded products represent one of the fastest growing elements of the worldwide molded plastics market with applications replacing conventional materials such as steel, aluminum, wood, fiberglass and cement, in nearly all major industrial market segments. The worldwide market for LFRT products is estimated to be a multi-billion pound opportunity with double-digit growth rates currently and into the future. The enhanced mechanical properties of TPF(TM) molded products, coupled with low material costs (including the use of recycled polymers) and low conversion costs, make TPF(TM) (Thermo Plastic Flow-Forming) patented technology a strong contender for this multi billion pound opportunity. 
 


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