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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells -- Ignore unavailable to you. Want to Upgrade?


To: Gilbert Drapeau who wrote (5487)11/4/2001 7:48:21 PM
From: Keith Fauci  Respond to of 5827
 
Check out this months Fortune mag



To: Gilbert Drapeau who wrote (5487)11/8/2001 12:37:24 AM
From: Scoobah  Read Replies (1) | Respond to of 5827
 
Thursday November 8, 12:01 am Eastern Time

Press Release
SOURCE: DCH Technology, Inc.

DCH Fuel Cells to Provide Power to Brooks Air Force Base

VALENCIA, Calif., Nov. 8 /PRNewswire/ -- DCH Technology, Inc. (Amex: DCH - news), a manufacturer of hydrogen-specific sensors, hydrogen fuel cells and provider of hydrogen safety services, announced the award of a contract for three DCH Enable(TM) 3 kW fuel cells and support services by the Southwest Research Institute(TM) (SWRI(TM)). The fuel cells will be used to power housing units at the Brooks U.S. Air Force Base in San Antonio, Texas. The award is part of a program by the United States Army Corps of Engineers Construction Engineering Research Laboratory (CERL) to demonstrate hydrogen-generated electric power for military use.

The three fuel cells will be delivered by October 2002 and the demonstration period is one year.

The three PEM (proton exchange membrane) fuel cells will be integrated with reformers -- allowing the systems to be fueled by natural gas -- developed by UOP LLC, a leading supplier of reformer technology to the fuel cell industry. The fuel cells will also be grid connected.

``This award will help us further demonstrate the performance of our fuel cell technology to the U.S. Army,'' said DCH President and Chief Executive Officer John Donohue.

``The primary objective of the project is to install, operate, maintain, monitor, and report data on the fuel cells to the U.S. Army Corps of Engineers,'' said Alan Montemayor, project manager for SWRI. ``But there are many important secondary objectives, including familiarizing Brooks personnel and other military installations in the San Antonio area with fuel cell technology.''

SWRI said that the City Public Service of San Antonio is a partner in the demonstration and plans to provide installation, interconnect, and code compliance assistance in the project. City Public Service plans to gain practical experience in the installation and operation of fuel cells and use that knowledge to determine how fuel cells and distributed generation could benefit their customers.

St. Philip's College, located in San Antonio, is also participating in the project and plans to have students and/or faculty are part of maintenance and operator training and possibly data taking activities during the one-year demonstration.

UOP LLC, headquartered in Des Plaines, Illinois, USA, is a leading international supplier and licensor of process technology, catalysts, adsorbents, process plants, and technical services to the petroleum refining, petrochemical, and gas processing industries.

For information on the fuel cells, contact Dennis Reid at DCH at 1-661-775-8120. For more information on the project, contact Mr. Joe Redfield, SWRI Group Leader for Fuel Cell Systems, at 1-210-522-3729.

Safe Harbor: This press release includes statements that are considered ``forward-looking'' within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect DCH Technology's current views about future events and performance. Investors should not rely on these statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from expectations. These factors include, but are not limited to, the cost of development and market acceptance of DCH's sensor-based systems and fuel cells, competition, the cost and availability of materials, governmental regulations, and other factors detailed in DCH Technology's filings with the Securities and Exchange Commission.

SOURCE: DCH Technology, Inc.



To: Gilbert Drapeau who wrote (5487)12/3/2001 9:07:45 AM
From: Gilbert Drapeau  Read Replies (1) | Respond to of 5827
 
Ballard and Ford Sign $69.1-Million Agreement for Fuel
Cell Engines and Related Support Services

VANCOUVER, BRITISH COLUMBIA--DECEMBER 3, 2001 - 08:00 EST
Ballard Power Systems (TSE:BLD;
NASDAQ:BLDP), announced today that its Transportation Division has
signed a three-year agreement valued at $69.1-million (US
$43.9-million) with alliance partner Ford Motor Company of
Dearborn, Michigan. Under the terms of the agreement, Ballard
will supply Ford with fuel cell engines and related engineering
and support services.

"This $69.1-million order for the development of fuel cell engines
is in addition to Ford's September order of $34.5-million, and
brings Ford's total recent orders to over $100-million," said
Firoz Rasul, Chairman and Chief Executive Officer. "This new order
is further confirmation of Ford's commitment to Ballard and to the
commercialization of fuel cell vehicles."

"We are proud to be an integral part of Ford's fuel cell vehicle
program," said Dr. Andreas Truckenbrodt, Ballard's Vice-President,
Transportation. "This is the first order under our 20-year
exclusive purchase agreement with Ford for fuel cell engines."

Ballard Power Systems is recognised as the world leader in
developing, manufacturing and marketing zero-emission proton
exchange membrane ("PEM") fuel cells for use in transportation,
electricity generation and portable power products. Ballard's
Transportation Division is developing, manufacturing and marketing
complete fuel cell engines for the transportation market.
Ballard's Electric Drive and Power Conversion Division is
developing, manufacturing and marketing electric drive trains for
both fuel cell and battery powered electric vehicles, and power
conversion equipment for microturbines and other distributed
generation. Ballard's Power Generation Division is developing,
manufacturing and marketing fuel cell power generation equipment
for markets ranging from 1-kilowatt portable power products to
larger stationary power generation products. Ballard's Material
Products Division is a Tier 1 automotive supplier of friction
materials for power train components to General Motors and Borg
Warner, as well as a supplier of gas diffusion layer materials to
the fuel cell industry. Ballard Power Systems' proprietary fuel
cell technology is enabling automobile, electrical equipment and
portable power product manufacturers to develop environmentally
clean products for sale. Ballard is partnering with strong,
world-leading companies, including DaimlerChrysler, Ford, ALSTOM
and EBARA, to commercialise BALLARD(r) fuel cells. Ballard has
also supplied fuel cells to Honda, Nissan, Volkswagen, Yamaha,
Cinergy, Coleman Powermate and Matsushita Electric Works, among
others.

Ballard's common shares are listed on The Toronto Stock Exchange
under the trading symbol "BLD" and on the Nasdaq National Market
System under the symbol "BLDP." Ballard, the Ballard logo and
Power to Change the World are registered trademarks of Ballard
Power Systems Inc.