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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 (257)	2/25/1999 11:58:00 AM
From: speculatingvalue	Respond to of 6016

CALGARY, Feb. 25 /CNW/ - Global Thermoelectric Inc. (TSE: GLE) today announced that it has been awarded contracts to supply more than $1 million CDN in thermoelectric generators for a major natural gas pipeline project, Gasoducto Norandino, in Argentina and Chile. Global's unique generators will be used to provide critical remote power for the pipeline's communication and cathodic protection systems, including sites at elevations up to 4,700 metres. Gasoducto Norandino will deliver natural gas to Chile from fields in northern Argentina. This is the fourth large gas transmission project crossing the Andes mountains for which Global has supplied the remote power equipment. The generators will be shipped in March and April of this year. Jim Perry, President of Global, stated that ''Our equipment's reliability and stability under adverse conditions were a critical feature for the customer. Global's generators are recognized around the world as the best solution for power requirements for instrumentation and cathodic protection for locations far from the electric grid''. Global Thermoelectric Inc. is the world's largest supplier of thermoelectric power generation equipment for use in remote locations, and manufactures heaters for a variety of applications such as for heating crew compartments of military vehicles or transport trucks. Global is also rapidly becoming a leader in the commercial development of solid oxide fuel cell technology. %SEDAR: 00002531E -0- 02/25/1999 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 E-Pix Now you can call the shots with E-Pix, Canada's first - and the only - corporate newswire database of client-controlled pictures and images. Developed in conjunction with, and managed by The Canadian Press, E-Pix offers free photos and images to all CP member newspapers. E-PIX combines state-of-the-art, electronic picture desk access with Internet -based software to allow the news media to download high-resolution images quickly and easily. Contact your local CNW Office to promote your company image. --------------------------------------------------------------------------