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

To: Chisy who wrote (410)	4/13/1999 7:54:00 PM
From: David Michaud	Respond to of 6016

Globe says Global Thermoelectric soars on fuel cell test results Global Thermoelectric Inc GLE Shares issued 16,113,384 Apr 12 close $5.05 Tue 13 Apr 99 The Globe and Mail reports in its Tuesday, April 13, edition that shares of Global Thermoelectric advanced 46 per cent yesterday, closing at $5.05, after the firm released promising test results last Thursday for its new fuel cell prototype. The Globe's Guy Dixon writes that the market got excited because Global's solid oxide fuel cells produced more than twice as much power as in previous tests. This could mean smaller fuel cells and possibly increasing the range of products or applications the cells can be used for. Global says it initially plans to target a different market than Ballard Power Systems, another maker of non-polluting fuel cells, by staying focused on its core business of power generators. Potential customers are phone companies with transmitters in remote areas and other companie relying on portable electric generators. Global say its door is open for possible automotive uses. Unnamed New York analysts say they'll need more persuading before they view Global's type of fuel cell as feasible for automotive use.