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

To: BMWIN who wrote (3164)	10/8/1998 3:57:00 PM
From: David B.	Respond to of 5827

Collaborative Research Program to Advance Fuel Cell Technology biz.yahoo.com Thursday October 8, 10:17 am Eastern Time Company Press Release SOURCE: Plug Power LLC Plug Power and W.L. Gore Form Collaborative Research Program to Advance Fuel Cell Technology; Receive Funding from Prestigious National Research Program LATHAM, N.Y., Oct. 8 /PRNewswire/ -- Plug Power recently announced that it will receive funding from the National Institute of Standards and Technology's (NIST) Advanced Technology Program (ATP). The two-year, $9.7 million program teams Plug Power and W.L. Gore & Associates to explore technical advancements in the areas of membranes and membrane electrode assemblies as well as the fuel cell stack itself. ATP funding of $4.7 million will be matched by an additional $5.0 million from Plug Power and Gore. ''To be awarded this grant from the Advanced Technology Program is an important milestone toward our company's mission of being the first to sell one million fuel cell systems,'' said Gary Mittleman, Plug Power's president & CEO. ''It represents the creation of a public and private partnership to accelerate the advancement of fuel cell technology with the promise of significant economic and consumer benefits. In partnership with Gore, we believe we can make this a reality.'' The two-year program will focus on the development of fuel cell systems that are lightweight, scalable and mass produceable. These advancements will enable the stack to operate efficiently in the presence of high concentrations of carbon monoxide (CO) and will also serve to increase overall system efficiency. When combined, the impact of these two benefits will validate the use of fuel cell power for a wide range of premium power applications. Such applications include providing power to remote areas and to residences and small businesses that suffer severe consequences from power interruptions -- such as those caused by severe weather and the resulting downed power lines. In addition to increased efficiency and reliability, fuel cells also offer significant environmental benefits. The electrochemical process of power generation used in a fuel cell virtually eliminates emissions of nitrous oxide and sulfur dioxide, and greatly reduces emissions of carbon dioxide. Another major benefit involves cost savings to consumers -- up to 20% off current electricity rates upon the system's introduction. Success in this program will lead to Plug Power's ability to offer these systems for sale at a price that will attract the broader marketplace even sooner than anticipated. Commercialization of these fuel cell systems is expected early in the year 2001. The Advanced Technology Program (ATP) focuses on accelerating the development of not-yet-possible technologies that lead to new, innovative products, services and industrial processes. ATP works with companies of all sizes to foster projects that offer a high payoff for the nation as a whole. Awards are made on the basis of rigorous peer-reviewed competitions that judge proposals on the basis of technological ideas, overall economic benefits, and strength of plans for commercialization. Research priorities for the ATP are set by industry. Based in Latham, NY, Plug Power (www.plugpower.com) is a joint venture between DTE Energy Company (NYSE: DTE - news), parent company of Michigan's largest utility, and Mechanical Technology Inc. (OTC Bulletin Board: MKTY - news), an early developer of fuel cell technologies. Plug Power was formed in June 1997 to develop and manufacture fuel cells for electric power generation in residential and automotive applications. Since its inception, Plug Power has grown from 22 to more than 130 employees. In June of 1998, the company demonstrated the world's first fuel cell system to power a home. The National Energy Resources Organization awarded Plug Power the 1998 Research and Development Award for its fuel cell breakthroughs. W.L. Gore & Associates, Inc. is a privately held company, ranking in the top 200 of the Forbes top 500 privately held companies for 1997. Worldwide sales in the current fiscal year are expected to exceed $1.4 Billion. If a public company, Gore would rank in the Fortune 500 companies for 1996 in terms of profits, market value, and equity. While best known for their GORE-TEX(R) fabrics, all Gore's products and teams are distinguished in their markets. Approximately 7,000 Associates work in over 45 plants and sales locations worldwide. Manufacturing operations are clustered in the U.S., Germany, Scotland, Japan, and China.

To: BMWIN who wrote (3164)	10/10/1998 12:41:00 PM
From: BMWIN	Read Replies (2) \| Respond to of 5827

Nothing new here. Just putting together a couple of news items posted recently. from calstart.com 10/07/98 - Mexico City Bans 40% of Cars in Smog Siege Mexico City, Mexico - Extremely high smog levels in Mexico City have driven the city's environment officials to ban 40 percent of the city's vehicles from driving today, reports Reuters. The ban, which applies to vehicles with license plates ending in zero or even numbers, affects 1.5 million of the city's 3.4 million vehicles. Exempt from the ban are public-transport vehicles, taxis and some newer vehicles designated as nonpolluting. Health authorities, to protect the health of children, have also ordered schools to suspend all outdoor activities. Along with the steps to reduce motor vehicle-related pollution, many factories have also been ordered to cut production. Mexico City is home to the world's worst smog. from hyweb.de NEBUS in Mexico City in November HyWeb, 98-09-18: Daimler-Benz will send its NEBUS fuel cell city bus to Mexico City for a two-week demonstration as reported by Stuttgarter Nachrichten on September 14th. This was announced by Klaus-Dieter Vöhringer, member of the executive board of Daimler-Benz, in Mexico City.