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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 (4824)	3/8/2000 9:39:00 AM
From: Vitalsigns	Read Replies (1) \| Respond to of 6016

Post says Global Thermo boosted by BMW Global Thermoelectric Inc GLE Shares issued 25,441,848 Mar 7 close $43.00 Wed 8 Mar 2000 In the News The Financial Post reports in its Wednesday edition that BMW AG says it is studying Global Thermoelectric's fuel cell and expects to install and test solid oxide cells on board a vehicle this year. Reporter Carol Howes says that in a report presented to the Society for Automotive Engineers in Detroit, BMW said it has thrown its support behind solid oxide fuel cells. The car manufacturer has joined forces with automobile parts manufacturer Delphi Automotive Systems to examine their use in mobile applications. Delphi is also a partner with Calgary-based Global, which recently unveiled plans to build the first solid oxide fuel cell manufacturing plant in Canada. "Despite the early phase of development, the results achieved so far are quite promising," the report said on Global's process. While Global was specifically mentioned by BMW, however, Linda Beckmeyer, spokeswoman for Delphi, says that BMW's remarks should not imply it has endorsed Global's technology outright. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com