SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bugssy who wrote (2106)5/31/1999 1:54:00 PM
From: pink789  Read Replies (1) of 6016
 
Calgary, Alberta, May 31, 1999 — Global Thermoelectric Inc. (TSE: GLE) today announced that it has received a letter of intent for a $19 million contract to supply thermoelectric generators and related equipment and installation services for the Gas Authority of India Limited. Timing of commencement of deliveries is yet to be finalized, but will probably start early in 2000.

“This contract is the largest ever awarded to Global”, said Jim Perry, President and C.E.O. “Previously, our biggest single generators contract was the $3.2 million project we did for the Gas Authority of India in 1997.”

The contract covers the supply of thermoelectric generators to provide electrical power for cathodic protection and telecommunications systems for a major new LPG pipeline that will be constructed from Jamnagar on India's Arabian Sea west coast more than 1,100 km to Loni, near Delhi. In addition, Global will construct mounting pads and install the generators along the pipeline.

Global Thermoelectric Inc. is the world's largest supplier of thermoelectric power generation equipment for use in remote locations, and produces crew compartment heaters for use in military vehicles. The Calgary-based company is also quickly becoming a world leader in the fuel cell development industry.

For more information please contact Jim Perry, President and C.E.O. or Larry Kyle, Chief Financial Officer at (403) - 236 - 5556.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News