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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Vitalsigns who wrote (2629)	7/15/1999 3:10:00 PM
From: StockPro	Respond to of 6016

Global Thermoelectric ships 1,000th heater to the U.S. Army Global Thermoelectric Inc GLE Shares issued 20,853,350 Jul 14 close $9.30 Thu 15 Jul 99 News Release Mr. Jim Perry reports The company has shipped its 1,000th A20 military personnel heater to the U.S. Army. An official from the Army's Tank-Automotive Armaments Command (TACOM) attended the ceremony today to mark this significant achievement at Global's manufacturing plant in Bassano, Alberta. "Shipping the 1,000th A20 heater to TACOM is an important milestone for Global," said Daryl Marling, manager of the heaters division. "TACOM has shown solid support for our heater technology and development programs. By ramping up production to the current level, we have demonstrated our capability to supply TACOM's requirements now and in the future". In the existing contract with TACOM, Global has 3,000 A20 heaters remaining, including 1,137 on order and an option for 1,863 more. In addition, the contract has been extended to explore the application of Global's advanced technology to heating of heavy military trucks. As Global's A20 is now a standard item in the defense supply system, the company's heater marketing group is developing relations with the NATO Maintenance and Supply Agency to facilitate supply of the new A20 global heater to European forces.