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| Publication
date: 24-May-2004
Source:Cellex Power |
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| Cellex Power(TM) announced today that the logistics
subsidiary of Wal-Mart Stores, Inc. will participate in its next set of
field trials designed to test Cellex's fuel cell products for powering
electric lift trucks.
Mr. Chris Reid, Cellex's President and CEO commented "Lead acid batteries typically last only 4 to 8 hours before requiring a battery change. In a centralized battery room a depleted battery is removed from the lift truck and replaced with a freshly charged battery, enabling the truck to return to work. Customers can change batteries 2 to 3 times a day resulting in lost productivity and increased operational cost. Reid added "our hydrogen fuel cell products produce zero harmful emissions and will possess additional environmental benefits to our customers." Reid says, "We have been conducting field trials since February 2002 and have logged hundreds of truck days. We are excited about the upcoming field trials that will include Wal-Mart as it is a milestone in our product development and commercialization plans." The field trials are set to begin later this year.
About Cellex Cellex, formed in 1998, is focused on the development and commercialization
of innovative fuel cell products for customers who operate fleets of Industrial
Vehicles. Specifically, Cellex is developing fuel cell power solutions
that will increase productivity and decrease operational costs for customers
operating fleets of electric lift trucks.
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