Stuart
Energy Systems Corporation (TSX: HHO) announced today that it received
an order for a small scale Stuart Energy Station for vehicle fueling (SES-f),
which will be placed at the National Fuel Cell Research Centre (NFCRC)
located at the University of California, Irvine. The SES-f will provide
clean hydrogen fuel to the Toyota Fuel Cell Hybrid Vehicles (FCHV) managed
by the NFCRC.
The small SES provides a compact and complete
hydrogen infrastructure solution for on-site hydrogen fueling and distributed
power applications. This product was developed in response to the growing
market demand for a scaled version of Stuart Energy's larger on-site energy
stations. The addition of the small SES to Stuart Energy's commercial line-up
of mid-range to large-scale SES systems creates the only commercial product
line available in the market that reliably delivers on-site production
of hydrogen in outputs ranging from 1 Nm3h (38 scfh or approximately 2
kg a day) to 100's of Nm3h. The full SES product line is comprised as a
modular system consisting of Hydrogen Generation, Compression, Storage,
Power and Fuel Dispenser Modules, configurable for small to very large
hydrogen infrastructure applications.
Toyota Motor Sales USA purchased the SES-f
for installation at the NFCRC, and has commissioned the NFCRC to evaluate
the performance characteristics of the small SES-f in cooperation with
Stuart Energy. Consistent with this effort, Stuart Energy is using the
small SES as a platform for its HomeFueler(R) product, which is being developed
to enable hydrogen vehicle owners to fuel their cars in the comfort and
convenience of their own homes.
"Stuart Energy's proprietary fueling stations
(SES-f) are being deployed in North America, Europe and Asia-Pacific as
part of the early network of "hydrogen highways" and "hydrogen villages"
being developed, and can effectively keep pace with the growth of hydrogen
vehicles and power applications as these products come to market," commented
Jon Slangerup, President and CEO of Stuart Energy. "We are very pleased
to be working with Toyota, the NFCRC and other strategic partners and customers
to validate our small SES system."
This SES-f (for vehicle fueling), to be
installed at the NFCRC, will use Stuart Energy's patented Vandenborre IMET(R)
water electrolysis and intelligent fueling system technology to safely
and reliably generate 1 Nm3h (or approximately 2 kg a day) of hydrogen.
Using the Compression Module, the SES-f will deliver high-pressure hydrogen
at 414 bar (6,000 psi) to a 12 kg Storage Module. The system will also
be configured for fast fueling with a Fuel Dispenser Module to dispense
fuel cell grade hydrogen to vehicles at 350 bar (5000 psi).
About Stuart Energy
Stuart Energy Systems Corporation (TSX:
HHO) is the world leading developer and supplier of integrated hydrogen
infrastructure solutions that serve existing and emerging markets for power
generation, transportation and industrial 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.
Contacts
Stuart Energy
Wanda Cutler
Communications
(416) 576-3480
www.stuartenergy.com