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

To: Stephen O who wrote (140)	9/16/1998 3:24:00 PM
From: speculatingvalue	Respond to of 6016

Much of the financial press doesn't take too much interest in a company unless it's on the TSE. The IR in combination with the listing should get GLE the spotlight again. The next quarter should be up, too, as they started ramping up heater shipments. Good news!

To: Stephen O who wrote (140)	9/23/1998 1:58:00 PM
From: speculatingvalue	Read Replies (1) \| Respond to of 6016

Attention Business Editors: GLOBAL THERMOELECTRIC INC. SIGNS MEMORANDUM OF UNDERSTANDING CALGARY, Sept. 23 /CNW/ - Global Thermoelectric Inc. announced today that a memorandum of understanding has been signed between Global Thermoelectric Inc. and Turbo Genset Inc. for evaluating the introduction of Turbo Genset's unique microturbine powered electrical generators in Canada and elsewhere. Global Thermoelectric Inc. is the world's leading supplier of thermoelectric generators for use in remote power applications and has developed a marketing network in Canada, the United States and in more than forty countries worldwide. The company is also involved in the design and manufacture of a new line of military heaters as well as the commercialization of leading edge solid oxide fuel cell power generating equipment. Turbo Genset has developed a unique, patented alternator to harness the power of a small gas turbine engine. The machine is capable of generating 50 kW of power operating at speeds of about 60,000 rpm. The unit is highly compact and light weighing under 9 kg and being roughly the size of a car alternator, but providing over 50 times the electrical power. In comparison, conventional motors/generators of the same power typically operate at speeds of about 2,000 rpm and weigh over 400 kg. Both companies are interested in exploiting potentially large markets for microturbine-based gensets in the power range of 20 to 100 kW electrical in applications requiring high levels of reliable power such as co-generation, standalone electrical power generation, portable power generation and emergency power generation. According to Professor Colin Besant, C.E.O. of Turbo Genset Inc, ''We are very excited about our relationship with Global Thermoelectric and we look forward to continuing a rigorous testing of our microturbine genset to prove that it meets the demanding requirements of their customers.'' With over 20 years of field experience under the harshest climatic conditions, Global Thermoelectric Inc.'s solid state generators have proven to be the most reliable and economic power source for remote applications. The memorandum of understanding between the two companies calls for them to develop short, mid-term and long-term strategies for manufacturing, marketing, distribution, and maintenance support. A fully operational TG 50 genset is expected to be delivered to Global Thermoelectric in the fall of 1998 for testing and demonstrations in the first quarter of 1999. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. %SEDAR: 00002531E -0- 09/23/98 For further information: Jim Perry, President; or Larry Kyle, Chief Financial Officer, (403) 236-5556 -------------------------------------------------------------------------- Release sent courtesy of Canada NewsWire Portfolio Email. To update your email portfolio, point your web browser here: portfolio.newswire.ca Please address any questions about your portfolio to cnw@newswire.ca Canada's Business Report Segments of Canada's Business Report can now be heard on the CNW web site (www.newswire.ca) in streaming audio. Canada's Business Report is a new live radio program that delivers time-critical information on stock market activity, mutual funds and bonds, changes on the exchanges and independent business issues. The half-hour report airs daily Monday to Friday from 6:30 p.m. - 7 p.m. (EDT) on Talk 640 AM in Toronto. Hosted by well-known Canadian broadcaster Ron Adams, Canada's Business Report is a regular source of information for amateur and professional investors. --------------------------------------------------------------------------