Business Wire Jan 10, 2000
PemFuelCells.com is launched by CoPower.com to market Hydrogen Powered Fuel Cells.
Palm Beach Florida: CoPower.com, an Internet based marketer of hydrogen energy technology has unveiled it's latest web address, pemfuelcells.com to market hydrogen fuel cells manufactured by DCH Technology, Inc. (OTC BB: DCHT).
"We created PEMfuelcells.com, to make it easy for the people in both industry and government who are surfing the Internet for information on fuel cells to easily find DCH Technology and their distinct line of fuel cell product families," stated Steven Oshinsky, the creator of CoPower.com.
DCHT's circular fuel cell is unique in its design and looks similar to a large battery. It is a smaller, simpler class of fuel cell, which relies on ambient air pressure for oxygen and its own water generation to humidify the membranes. This completely eliminates the need for the pumps, fans and blowers that other types of fuel cells require, which increase both production costs and failure rates. Simplicity and reliability are key features at DCHT.
DCHT's fuel cells range in size from as small as "D" sized batteries to as large as 3kW, or about enough to power a mobile home. They are specifically designed to provide "portable" and/or "backup" electric power and are the ideal size for powering remote locations which represents a niche market with a current and significant demand, and for emergency situations such as hurricanes, floods and other natural disasters. "We envision the day when the pollution and noise from small two stroke engines and gasoline and diesel powered generators are replaced with non-polluting and highly efficient fuel cell devices."
Sample applications for the small PEM's include most consumer electronics, battery chargers, refrigeration, lighting, mobile computing and remote telecommunications. Larger applications will include scooters and motorbikes, marine vessels and navigation, and eventually anyone seeking "reliable" and "un-interruptable" sources of portable electricity.
With industry giant Plug Power (NASDAQ: PLUG) targeting affordable fuel cell power for homes and small businesses, we believe that hydrogen powered fuel cells will be implemented into the mainstream economy far sooner than is currently predicted. The Plug Power residential unit is being marketed by General Electric, (NYSE: GE), and Detroit Edison, (NYSE: DTE), who jointly own majority positions in Plug Power along with First Albany Corp., (NASDAQ: FACT), and Mechanical Technology, (NASDAQ: MKTY).
Hydrogen Energy is currently one of the fastest growing industries globally; growing at an average annual rate in the US alone at over 30%. Hydrogen Energy is projected to grow into the trillions over the next decade. The Oil and Auto industries are now together on this issue and have taken the lead role announcing in Dec. 1999, that a dedicated hydrogen filling station and fuel-cell vehicle test center will open in California by the autumn of 2000. Shell Hydrogen (NYSE: RD) will jointly fund the fueling facility, along with Arco (Atlantic Richfield Co) (NYSE: ARC) and Texaco Inc. (NYSE: TX). The station will dispense liquid and compressed hydrogen fuel for 16 fuel-cell powered passenger vehicles. Automobile companies involved in the venture include DaimlerChrysler AG (NYSE: DCX), Ford Motor Co (NYSE: F), Honda Motor Co Ltd and Volkswagen AG (VOWG.F ) and each will have garage bays at the center for servicing, repairs and diagnostics. Automotive Fuel Cell giant Ballard Power Systems, (NASDAQ: BLDP), (TSE: BLD) is providing the fuel cell system. Further details of the operation are available on the World Wide Web, at: drivingthefuture.org
The global shift to the use of Hydrogen as a fuel is already under way. With the automobile and oil companies now solidly behind this "once in a millenium" event, the requirements for power at different levels will be met by several different companies. With Ballard focussing on PEM units for stationery power plants and transportation applications; and Plug Power focussing on homes and small businesses, we expect DCH Technology to be the leader in the "portable power" application.
"Portable Power is a market with an appreciable demand today, and an unlimited demand in the not too distant future. PEMfuelcells.com will play an integral and strategic role in our overall long term marketing strategy."
CoPower.com is an Internet based marketing service for renewable and hydrogen energy technology. Currently featured are PEM Fuel Cells, Hydrogen Sensors and Gas Leak detection systems manufactured by DCH Technology, Inc. of Valencia CA, and Wearable Computers from Xybernaut Corporation, (NASDAQ: XYBR) of Fairfax, VA. For information on hydrogen sensors and fuel cells, or to recommend a new technology or product for showcasing on CoPower.com contact:
Steven Oshinsky, GM
copower.com
561-338-3390
or email Steve at
SteveO@CoPower.com
DCHT on the World Wide Web
dcht.com
Investor Relations 661-775-8120 ext. 11
An affiliate of CoPower.com has received compensation for services on behalf of DCHT.
Additional information is available at ramcapitalmanagement.com |
