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

To: speculatingvalue who wrote (145)	9/24/1998 11:55:00 AM
From: speculatingvalue	Read Replies (1) \| Respond to of 6016

A slightly different version from this AM. Microturbine powered electrical generators introduced Global Thermoelectric Inc GLE Shares issued 12,441,448 1998-09-23 close $1.1 Thursday Sep 24 1998 See Turbo Genset Inc (TUR.A) News Release Mr. Colin Besant reports A memorandum of understanding has been signed between Global Thermoelectric Inc. and Turbo Genset Inc. for evaluating the introduction of Turbo Genset's 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 40 countries worldwide. With over 20 years of field experience under severe climatic conditions, Global Thermoelectric Inc.'s solid state generators have proven to be reliable and economic power sources for remote applications. 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 9kg 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 400kg. In addition, with its high grade exhaust heat and low emission levels, the turbo genset is suited to a range of heat and power (co-generation) applications such as local/distributed power generation, providing local heating and steam raising in combination with boilers, providing local air conditioning and refrigeration with absorption heater-chillers and for use in desalination and water purification facilities. Global Thermoelectric and Turbo Genset have agreed to combine their efforts to investigate, identify and exploit markets for microturbine based gensets in the power range of 20 to 100 kW electrical. This will include applications requiring high levels of reliable power such as co-generation, standalone electrical power generation, portable power generation and emergency power generation. Together, they will develop short, mid-term and long-term strategies for manufacturing, marketing, distribution, and maintenance support. Turbo Genset expects to deliver a fully operational TG 50 genset to Global Thermoelectric in the fall of 1998 for testing and demonstrations in the first quarter of 1999. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com