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This company recently began trading...
It may be worth watching with all the current interest in fuel cells.
Recent NR:
Energy Ventures Inc. Awarded $200,000 (Canadian) Towards Fuel Cell Research And Development
TORONTO, March 23 /PRNewswire/ -- Energy Ventures Inc. (OTC Bulletin Board: EGYV - news; ''EVI'') is pleased to announce that National Research Council of Canada (''NRC''), through its Industrial Research Assistance Program (''IRAP'') has agreed to contribute $200,000 (Canadian) towards the company's Alkaline Fuel Cell program in Ottawa. The program commences immediately and continues for a period of one year.
EVI's fuel cell laboratory is now set up in Ottawa. EVI expects to have a small alkaline fuel cell unit (6 volt, 20 amp, 120 watt) available for demonstration in April 1999 and plans to complete two, one kilowatt units for golf cart usage by the Fall of 1999. The company is also working on related advances in direct methanol and ammonia systems.
''We believe we have successfully resolved the historical problems that have been associated with Alkaline Fuel Cells'' said Mr. Wayne Hartford, President of EVI. ''We are convinced that our system, with its significant cost savings, has the best chance for actual commercial production and that with the assistance of IRAP that view will be demonstrated.''
EVI has just successfully completed an IRAP supported program respecting its rechargeable Zinc Bromine Hybrid system. This technology delivers up to 40 times the capacity of a single use Zinc Carbon cell and can be manufactured on existing equipment around the world. Licensing and commercialization of the technology is expected by the Fall of 1999.
For further information please contact either Wayne Hartford at 416-733-2736 or Peter Searle at 416-284-4579.
SOURCE: Energy Ventures Inc.
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