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Updated every week With a Free Subscription To "Inside
The Industry"As Well as a Weekly Updated Patents Page| Publication
date: 23-June-04 Source: Stuart Energy |
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| Stuart Energy Systems Corporation (TSX:
HHO), the world's leading developer and supplier of integrated hydrogen
infrastructure solutions based on water electrolysis, announced today
that it has been granted a U.S. patent that is directed to hydrogen
energy stations, including hydrogen fueling stations, that are
networked with primary energy resources and a controller for
controlling hydrogen production according to data inputs such as user
demand, availability of energy, and hydrogen production status. Stuart
Energy has filed for additional patent protection in the U.S. and other
key global markets. This "Energy Distribution Network" patent complements Stuart Energy's previously-granted "Intelligent Hydrogen Fueling Station" U.S. patent, which gives Stuart Energy exclusive rights to market on-site, electrolysis-based hydrogen fueling stations, including PEM and alkaline, where user demand information is automatically exchanged between the user and system components. For example, a "smart card" or keypad is used to activate control of production and supply of hydrogen at a single station. The intelligent interaction between components of a hydrogen energy station and the user is essential to providing a convenient and familiar experience for the customer. The "Energy Distribution Network" patent contemplates a number of these hydrogen energy stations linked to a central controller that manages the overall hydrogen production. Since hydrogen is produced on-site, as opposed to central production as with today's conventional fueling stations, a central controller is critical in managing the inventories of hydrogen in a network and providing related information to hydrogen users. The central controller will also match the electricity available to produce the hydrogen and balance the supply of electricity and hydrogen with the demand of the fuel users or certain power applications. The central controller will have command and control over these intelligent stations, which should give customers the ability to more effectively optimize their hydrogen station assets. "This patent is an important and powerful addition to our growing portfolio. It covers a number of Stuart Energy's developments for effectively managing a network of hydrogen energy stations, which is becoming increasingly critical for our customers who operate hydrogen vehicle fleets, fueling networks and distributed power networks," commented Jon Slangerup, President and CEO of Stuart Energy. "This patent significantly enhances our competitive position and our attractiveness as a hydrogen infrastructure partner." Stuart Energy provides hydrogen energy stations under the Stuart Energy Station (SES) brand name. The SES consists of up to five modules: Hydrogen Generation, Compression, Storage, Power Generation and Fuel Dispensing. These stations can produce hydrogen for a variety of applications, including vehicle fueling and distributed power generation. With the issuance of this patent, Stuart Energy now has over 60 issued patents and over 140 patent applications on file. The Company will continue to aggressively expand and protect its investment in its intellectual property portfolio. 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. Contact: Stuart Energy Communications Wanda Cutler (905) 282-7769 |
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