Golden Arch Resources Ltd -
Golden Arch negotiating for marketing rights to battery
management tool
Golden Arch Resources Ltd
GAI
Shares issued 21,116,358
1999-06-03 close $0.07
Friday Jun 4 1999
Mr. Richard Watson reports
Pursuant to letters of intent exchanged today, Golden Arch has entered
negotiations regarding a new technology, and intends to commence marketing and
distribution efforts of a unique electronic battery management tool created to
extend the performance life of lead storage batteries. The favourable
environmental applications of the technology are considered to be enormous
insofar as 78 million automotive, marine, lead acid, gel cell and deep cycle
batteries were replaced last year in the United States. The patent pending device
is trademarked. The finished product is low-cost, comes with a strong
performance guarantee, and a five-year, no-hassle warranty. Marketing is
expected to be channeled through national retailers who have expressed interest.
If an agreement is finalized, first Canadian deliveries are expected to start within
120 days. European distribution of the device is expected to commence in the first
quarter of 2000. Limited quantities have already been made available and
marketed in the United States. The cost of the new electronic device is less than
the replacement cost of a good quality car battery. The device is the first of a new
generation of "computer-on-a-chip" units which automatically charge any type 12
volt storage battery, without ever overcharging, while conditioning "sulphated"
batteries. Dubbed the "charger with a brain", it is believed to be the first charger of
its kind to reverse the primary cause of early battery failure known as "sulphation".
Some batteries that would not take a charge and are considered unrecoverable
can now be brought back to long-term useful condition.
It should be noted while the company has in hand a letter of intent, there are no
guarantees that current negotiations will result in an agreement being finalized. |
