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Technology Stocks : Fuel Cell Investments

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To: RWReeves who wrote ()2/3/2000 9:43:00 PM
From: P.S.N.   of 280
 
Maybe this new mite be of interest to this thread:

Thursday February 3, 1:17 pm Eastern Time
Company Press Release
Rhombic Corporation Has Taken Significant Steps Towards the Commercialization of its Patented Radionuclide Batteries for Space Applications
VANCOUVER, British Columbia--(BUSINESS WIRE)--

Rhombic Corporation (OTC:NUKE - news) today announced that the development of a comprehensive Technology and Business Plan is now underway to design, build and test a demonstration model of its radio nuclide battery. This will be followed by a full scale prototype, as well as the development of markets, business partners, and sources of financing in the United States and other countries. Construction of the model is scheduled to start in early summer of this year.

Rhombic's radio nuclide battery presents several unique advantages over other power sources. First and foremost is the highly efficient conversion of energy released by radio nuclides into electric energy. The super compact size and light weight offers customers significant savings in space applications where the cost-per-pound to launch into orbit is a driving consideration.

Management's decision to develop a nuclide battery prototype will provide the company an opportunity to participate in the communication satellite industry. It is estimated that there will be in excess of 800 satellites launched starting in 2002.

Statements in this news release looking forward in time involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include activity levels in the securities markets and other risk factors. ''From the Safe Harbor Statement under the Private Securities Litigation Reform Art of 1995.''

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Contact:

Rhombic Corporation
Public Relations Officer
Mr. Mike Skerry, 888/821-6607
or
604/421-5543
or
Lawrence Adams Ltd. in New York
212/736-4800
Fax: 212/736-3558
or
View the Rhombic website: rhombic.com

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PSN
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