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


To: Rory McLeod who wrote (5995)10/28/2003 3:49:44 PM
From: Stephen O  Respond to of 6016
 
Everybody don't forget to vote your proxies for the meeting on the 31st Oct. It's very easy to do over the Internet. Instructions are on the proxy form.



To: Rory McLeod who wrote (5995)10/31/2003 10:40:43 AM
From: Rory McLeod  Read Replies (1) | Respond to of 6016
 
FCEL Stockholders approve acquisition ....

FuelCell Energy, Inc. Shareholders Approve Acquisition of Global Thermoelectric, Inc.
Friday October 31, 10:25 am ET

DANBURY, Conn., Oct. 31 /CNW/ -- FuelCell Energy, Inc. (Nasdaq: FCEL - News) announced today that its shareholders have approved the acquisition of Global Thermoelectric Inc. (TSX: GLE - News). The acquisition is contingent upon the approval by Global Thermoelectric's shareholders (special meeting scheduled for 10:00 AM today, Calgary time), a final order from the Alberta Court of Queen's Bench (meeting scheduled for 2:00 PM today, Calgary time) and the consummation of the transaction scheduled for November 3, 2003.
About FuelCell Energy, Inc.

FuelCell Energy, Inc., based in Danbury, Connecticut, is a world leader in the development and manufacture of highly efficient hydrogen fuel cells for clean electric power generation, currently offering DFC power plant products ranging in size from 250 kilowatts to 2 megawatts for applications up to 50 megawatts.

The Company has developed commercial distribution alliances for its carbonate Direct FuelCell technology with MTU CFC Solutions GmbH, a company of DaimlerChrysler AG, in Europe; Marubeni Corporation in Asia; and Caterpillar, PPL Energy Plus, Chevron Energy Solutions and Alliance Power in the U.S. FuelCell Energy is developing Direct FuelCell technology for stationary power plants with the U.S. Department of Energy through its Office of Fossil Energy's National Energy Technology Laboratory. More information is available at www.fuelcellenergy.com.

This press release contains forward-looking statements, including
statements regarding the Company's plans and expectations regarding the
development and commercialization of its fuel cell technology. All
forward-looking statements are subject to risks and uncertainties that could
cause actual results to differ materially from those projected. Factors that
could cause such a difference include, without limitation, the risk that
commercial field trials of the Company's products will not occur when
anticipated, general risks associated with product development, manufacturing,
changes in the utility regulatory environment, potential volatility of energy
prices, rapid technological change, and competition, as well as other risks
set forth in the Company's filings with the Securities and Exchange
Commission. The forward-looking statements contained herein speak only as of
the date of this press release. The Company expressly disclaims any obligation
or undertaking to release publicly any updates or revisions to any such
statement to reflect any change in the Company's expectations or any change in
events, conditions or circumstances on which any such statement is based.

For further information

Steve Eschbach, CFA, FuelCell Energy, Inc., +1-203-825-6000, seschbach@fce.com