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Technology Stocks : Electric Fuel (efcx) Comments -- Ignore unavailable to you. Want to Upgrade?

To: margaret foley who wrote (19)	6/17/1998 2:21:00 PM
From: Claude Edelson	Read Replies (1) \| Respond to of 121

Dow Jones News Service via DowVision 06/17/1998 ] JERUSALEM (Dow Jones)--Israel's Electric Fuel Ltd. (EFCX) and the General Electric Co. (GE) will cooperate on the development of an electric transit bus, a news release said Wednesday. According to the release, the Israel-U.S. Binational Industrial Research and Development Foundation (BIRD) will support the joint project. BIRD didn't disclose the value of the investment, but the foundation generally provides $500,000 to $1 million for approved projects. The two companies aim to develop an electric transit bus capable of operating on urban routes for a complete eight to 10 hour shift. Electric Fuel will provide the high energy battery to fuel the bus, while General Electric will provide the electric drive and energy management systems technology. The project will be conducted both in Israel and the U.S., and will last some 18 months, the release said.