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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE)
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To: Ciao who wrote (11)3/10/1998 7:03:00 PM
From: Ciao   of 6016
 
To all:

News release today:

Successful Test Of Global Thermoelectric Inc.'s Solid Oxide Fuel Cell

Global Thermoelectric Inc. announced today the successful test of a planar solid oxide fuel cell stack. This type of fuel cell produces heat and electrical power with very high efficiency and minimal emissions, and unlike most other types of fuel cell can utilize natural gas directly as a fuel.

During the test process the planar solid oxide fuel cell stack produced electricity at a power level that exceeded expectations. To the best of Global's knowledge this is the first time that a planar solid oxide fuel cell stack has ever been assembled and operated in Canada. The test represents the successful achievement of the first milestone in Global's commercialization of this new technology. Although there is a considerable amount of work to be done to develop a commercially viable product, the Corporation is encouraged by the results thus far.

The fuel cell technology has been supplied to the Corporation under an agreement with Forschungzentrum Julich, one of Germany's largest research institutes.

Solid oxide fuel cells will serve as the basis for power supply products to be developed by the Corporation. Global believes that the high efficiency and power output provided by this type of cell can be used in large potential markets such as cable television distribution systems, cellular telephone sites, European residential utility applications, and future hybrid electric vehicles.
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