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QuestAir Announces Shareholder Dealing

Publication Date:25-May-2006
09:00 AM US Eastern Timezone
Source:FuelCellWorks

VANCOUVER, BRITISH COLUMBIA--QuestAir Technologies Inc. (TSX:QAR)(AIM:QAR) has been notified that one of its early strategic investors has sold its holding in QuestAir in trades made on 24 May 2006.

Ballard Power Systems Inc. ("Ballard") sold its entire holding of 2,775,175 common shares at an average price of $1.35 per common share. Ballard made its first equity investment in QuestAir in 2000.

This announcement is made pursuant to the rules governing the operation of AIM as established by the London Stock Exchange Plc.

About QuestAir Technologies Inc.

QuestAir Technologies Inc. is a developer and supplier of proprietary gas purification systems for several large international markets, including existing markets such as oil refining, biogas production and natural gas processing, and emerging markets such as fuel cell power plants and fuel cell vehicle refuelling stations. The Company has joint development agreements with Exxon Mobil Research and Engineering Company and Shell Hydrogen, and a collaboration with FuelCell Energy. QuestAir is based in Burnaby, British Columbia and its shares trade on the AIM Market of the London Stock Exchange Plc. and on the Toronto Stock Exchange under the symbol "QAR".


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