Wasserstoff - Aktie die 1000% Chance - 500 Beiträge pro Seite
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heute 21:20 | 6599 | |
vor 38 Minuten | 4839 | |
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Meistdiskutierte Wertpapiere
Platz | vorher | Wertpapier | Kurs | Perf. % | Anzahl | ||
---|---|---|---|---|---|---|---|
1. | 1. | 17.716,00 | -0,19 | 198 | |||
2. | 2. | 146,96 | -1,98 | 95 | |||
3. | 7. | 6,6460 | -1,23 | 70 | |||
4. | 5. | 0,1810 | -1,90 | 51 | |||
5. | Neu! | 716,00 | -22,88 | 46 | |||
6. | 8. | 3,7675 | +0,74 | 45 | |||
7. | 17. | 7,2825 | -0,24 | 43 | |||
8. | 4. | 2.390,60 | +0,50 | 41 |
www.stuartenergy.com
HH0-T at toronto stock exchange
WKN 579775 Berlin / München ( 15,5 Euro )
Kooperation mit Ford und Ballard !
CU
HH0-T at toronto stock exchange
WKN 579775 Berlin / München ( 15,5 Euro )
Kooperation mit Ford und Ballard !
CU
Jawoll !!!!!!!
Vor allem überzeugt das Handelsvolumen von der Firma !!!!!!!
Vor allem überzeugt das Handelsvolumen von der Firma !!!!!!!
Ja vor allem in Toronto Anfänger ! >500000 Stck
Hallo zusammen,
guter Tip ! Marktführer in der hydrolytischen Wasserstofferzeugung !
absoluter Zukunftsmarkt!
Aber warum in Toronto seit 11.10. kein Handel ? (auf Yahoo aufrufbar unter HHO.TO) und warum in Deutschland so wenig Handel ?
Der aktuelle Kurs (14,5 Euro) ist auf jeden Fall ein guter Kaufkurs !
Aber je mehr wir hier posten, desto teurer wirds wohl !?
MfG marterpfahl
guter Tip ! Marktführer in der hydrolytischen Wasserstofferzeugung !
absoluter Zukunftsmarkt!
Aber warum in Toronto seit 11.10. kein Handel ? (auf Yahoo aufrufbar unter HHO.TO) und warum in Deutschland so wenig Handel ?
Der aktuelle Kurs (14,5 Euro) ist auf jeden Fall ein guter Kaufkurs !
Aber je mehr wir hier posten, desto teurer wirds wohl !?
MfG marterpfahl
montag lang ich zu, 14½ € hab ich gerade noch flüssig.
da gibt es noch so ein kanadisches Unternehmen für Kamikaze-Anleger:
Tatacus. Die behaupten, sie können einfach so Wasserstoff aus Leitungswasser generieren.
Viel Spaß, Leute. Ich halte mich bei solchen Werten raus.
Tatacus. Die behaupten, sie können einfach so Wasserstoff aus Leitungswasser generieren.
Viel Spaß, Leute. Ich halte mich bei solchen Werten raus.
Tja 14,50 ist schon Vergangenheit : 16,70 + 15%
CU
CU
Toronto Euro : 17,50 + 20%
CU
CU
18,50 Euro in toronto
Geld verdienen ist so einfach !
Cu
Geld verdienen ist so einfach !
Cu
19,50 Eur in toronto
nice
CU
nice
CU
Danke @MBS
Sie sind großartig !
Mein EK 16,7 E.
Cooolman
Sie sind großartig !
Mein EK 16,7 E.
Cooolman
!
Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an feedback@wallstreet-online.de
Guten Morgen !
Tip : Order in Toronto aufgeben !
Wer soll denn hier Verkaufen?
CU
Tip : Order in Toronto aufgeben !
Wer soll denn hier Verkaufen?
CU
@ M-B-S
Auf der Homepage von Stuart Energy ist ganz verständlich erklärt, wie man Wasserstoff produziert,
nämlich durch Elektrolyse von Wasser. Für die Elektrolyse braucht man aber zunächst Strom.
Wenn man den billig produzieren kann, scheint das Verfahren ganz aussichtsreich.
Vor einem langfristigen Einstieg in Stuart Energy werde ich zunächst einmal Informationen sammeln,
ob die anderen Verfahren zur Erzeugung von Wasserstoff nicht doch günstiger sind.
Ansonsten vielen Dank für den Tip.
CD3
Auf der Homepage von Stuart Energy ist ganz verständlich erklärt, wie man Wasserstoff produziert,
nämlich durch Elektrolyse von Wasser. Für die Elektrolyse braucht man aber zunächst Strom.
Wenn man den billig produzieren kann, scheint das Verfahren ganz aussichtsreich.
Vor einem langfristigen Einstieg in Stuart Energy werde ich zunächst einmal Informationen sammeln,
ob die anderen Verfahren zur Erzeugung von Wasserstoff nicht doch günstiger sind.
Ansonsten vielen Dank für den Tip.
CD3
Nicht zu danken !
Hier ne Bombe :
Quelle IWR :"Nach einem Bericht des Wasserstoffspiegels hat das California Air Resources Board (CARB)einstimmig entschieden, dass es bei den Vorschriften für die Einführung von ZEV (Zero Emission Vehicle / Null-Emissions-Fahrzeuge) bleiben soll. Bis 2003 müssen also 10 % der Neufahrzeuge ganz oder nahezu emissionsfrei sein."
Und Stuart energy baut die Tankstellen Produktions und Speichersysteme
CU
Hier ne Bombe :
Quelle IWR :"Nach einem Bericht des Wasserstoffspiegels hat das California Air Resources Board (CARB)einstimmig entschieden, dass es bei den Vorschriften für die Einführung von ZEV (Zero Emission Vehicle / Null-Emissions-Fahrzeuge) bleiben soll. Bis 2003 müssen also 10 % der Neufahrzeuge ganz oder nahezu emissionsfrei sein."
Und Stuart energy baut die Tankstellen Produktions und Speichersysteme
CU
wenn in China jeder seinen 2. Wagen hat kommen
10000000000000000000 % zusammen
wie wär es damit ?
10000000000000000000 % zusammen
wie wär es damit ?
Hallo allerseits,
ist ein wenig still geworden um Stuart energy.
Die Kurse sind ja auch nicht angenehm für den, der die Aktie hat.
Aber um so mehr für den, der sich für Wasserstoff-Technologie interessiert und die Aktie noch nicht hat !
Absolute Kaufkurse auf diesem Niveau !!
Hier ist die Chance für eine Langfrist-Investition mit hoher Chance und wenig Risiko, da Stuart bei jeder Form von Wasserstoff-Technologie in Zukunft beteiligt sein wird und profitieren wird!
Guckt es euch auf der Homepage an !
ist ein wenig still geworden um Stuart energy.
Die Kurse sind ja auch nicht angenehm für den, der die Aktie hat.
Aber um so mehr für den, der sich für Wasserstoff-Technologie interessiert und die Aktie noch nicht hat !
Absolute Kaufkurse auf diesem Niveau !!
Hier ist die Chance für eine Langfrist-Investition mit hoher Chance und wenig Risiko, da Stuart bei jeder Form von Wasserstoff-Technologie in Zukunft beteiligt sein wird und profitieren wird!
Guckt es euch auf der Homepage an !
Neue Nachrichten : Zahlen
Canada NewsWire
Give us your message. We`ll give you the world.
--------------------------------------------------------------------------------
STUART ENERGY SYSTEMS CORPORATION
Canadian Quotes from Telenium
HHO. (TSE)
--------------------------------------------------------------------------------
Attention Business/Financial Editors:
Stuart Energy Systems Announces Financial Results For Second Quarter Ended September 30th, 2000
TORONTO, Nov. 20 /CNW/ - Stuart Energy Systems Corporation (TSE:HHO), a
leading developer of hydrogen generation and supply systems, today announced
financial results for the second quarter ending September 30th, 2000.
Stuart Highlights
- Formed a joint venture with Cheung Kong Infrastructure Holdings
Limited (CKI), part of Mr. Li Ka-shing`s business organization, for
the development of hydrogen infrastructure in Austral-Asia.
- Strengthened Technology Team with the addition of staff in Research
and Development.
- Signed contract with Ford Motor Company for evaluation of Stuart`s
Personal Fuel Appliance (PFA).
- Signed exclusive license to one patent and three patent applications
for electrolysis cell components and filed two additional new patent
applications.
- Filed final prospectus raising CDN $150 million.
Financials
Revenue for the quarter was $3.2 million, compared to $3.7 million in the
second quarter of fiscal 2000. Stuart Energy had a net loss for the quarter of
$3.6 million or $0.26 per share, compared to a net loss of $0.7 million or
$0.07 per share in the same quarter last year.
Expenditures on Research and Development increased to $3.2 million in the
second quarter of fiscal 2001, compared with $1.4 million in fiscal 2000.
Operations
"During the quarter, we implemented a number of company-building measures
that will help us deliver on our growth strategy," said Andrew Stuart,
President and CEO. "We are witnessing a growth in orders for our new
technology. Last quarter, the company initiated execution of two contracts
using Stuart`s DEP technology, worth nearly $2 million."
The major elements of Stuart`s growth strategy include:
- Building the strength and experience of its hydrogen team
- Expanding strategic relationships
- Enhancing technical leadership in the hydrogen sector
"Our joint venture with CKI significantly enhances the market reach of
our products in Austral-Asia and will provide a platform for expansion in the
region," said Mr. Stuart. "The Cheung Kong Group is one of the most successful
business organizations in the world."
The joint venture will distribute Stuart products and enable CKI to
implement a hydrogen fuel infrastructure for the coming generation of hydrogen
fuel cell vehicles in the territory of Austral-Asia. CKI has agreed that all
of its worldwide hydrogen activities will be carried out in conjunction with
Stuart Energy.
"Additionally, to support growth, we are committed to expanding our
hydrogen team. During the quarter we added 14 new employees to our Research
and Development department."
At the end of the quarter, Stuart had 11 U.S., 4 Canadian and 14
international patent applications on file covering 12 inventions. In addition
to recent applications, Stuart has patent protection covering a wide range of
existing intellectual property.
Subsequent Events
On October 5, Stuart Energy completed an Initial Public Offering of
5,770,000 Million of its common shares, with gross proceeds of $150 million
and net proceeds of approximately $138 million. On October 5, 2000, Stuart`s
working capital increased to $ 157 million, including $ 153 million of cash.
The Company will use the net proceeds of the offering to implement, among
other things, its hydrogen growth strategy in its three key markets:
- Transportation Fuel
- Regenerative Electric Power
- Industrial customers
Also in October, Stuart unveiled the new, 33% smaller, 200 series
Personal Fuel Appliance (PFA).
Stuart Energy Systems
Stuart Energy Systems Corporation (TSE:HHO) is a leading developer and
supplier of hydrogen generation and supply systems, with offices in Canada and
the United States. These systems incorporate proprietary water electrolysis
technology designed to serve the industrial hydrogen market and the emerging
hydrogen fuel market for transportation and regenerative electric power
applications. This market has been enabled by the development of electric
power technologies such as the hydrogen fuel cell. The Company`s website
address is: www.stuartenergy.com.
Management`s Discussion and Analysis of Operating Results
Second Quarter (July 1, 2000 through September 30, 2000)
Fiscal Year Ending March 31, 2001
Revenue
Revenue in the second quarter of fiscal year ending March 31, 2001 was
$3.2 million, compared to $1.5 million in the first quarter of fiscal 2001 and
$3.7 million in the second quarter of fiscal year ending March 31, 2000. These
results reflect differences in the order intake pattern, which may vary
significantly from quarter to quarter.
Cost of Revenues and Operating Expenses
Cost of revenues and operating expenses increased from $2.8 million in
the second quarter of fiscal year ending March 31, 2000 to $3.4 million in the
second quarter of fiscal year ending March 31, 2001. This increase is a result
of the employment of greater resources to support the expansion of the product
development and sales and marketing programs.
Research and Product Development
R&D expenditures increased from $1.4 million in the second quarter of
fiscal year ending March 31, 2000 to $3.2 million in the second quarter of the
current fiscal year, enabled by the private placement completed in March 2000.
The increase reflects the stated intention of the Company to expand the
research and product development program, to maintain and enhance the
Company`s leadership position in the water electrolysis and hydrogen fuel
markets.
Liquidity and Capital Resources
Total working capital decreased from $22.3 million in the fiscal year
ended March 31, 2000 to $15.8 million in the second quarter of the current
fiscal year. On September 27, 2000 the Company filed its final prospectus,
which resulted, after the end of the second quarter on October 5th, 2000, in
an initial public placement of gross proceeds of $150 million involving 5.77
million common shares.
New Strategic Joint Venture
On August 17th the Company established a joint venture, Stuart CKI
Corporation, with Cheung Kong Infrastructure Holdings Limited (CKI), in which
Stuart holds a 60% interest and CKI holds a 40% interest. Subject to certain
terms and conditions, CKI agreed to develop, on a proactive basis, a hydrogen
fuel supply and related infrastructure throughout the Austral-Asia territory
in accordance with development plans to be agreed upon by Stuart CKI and CKI.
Stuart CKI will act as the exclusive distributor of Stuart hydrogen fuel
equipment to CKI in the territory until July 1st, 2012 and on a non-exclusive
basis thereafter. The commercial agreement contemplates that CKI will pay to
Stuart CKI royalty payments at specified rates during specified periods for
revenues derived from the sale of hydrogen fuel in the territory using
products purchased by CKI from Stuart CKI. CKI also agreed that all of its
world-wide hydrogen supply activities will be carried out only in conjunction
with Stuart.
As part of the transaction, CKI further aligned its interests with the
Company, increasing its equity position in the Company to 2,593,857 shares
(approximately 12.9% of the Company`s common shares after giving effect to the
initial public offering).
Outlook
Over the past two years the company has begun to increase significantly
its commitment to research and product development. With the proceeds of the
IPO completed on October 5th, 2000, the Company intends to continue to expand
the scope of its research and product development program, to build its
internal infrastructure and management systems and to enhance its business
development efforts in order to capitalize on the opportunities identified in
the industrial, transportation and regenerative power markets.
Andrew T.B. Stuart,
President and CEO
<<
STUART ENERGY SYSTEMS CORPORATION
Formerly The Electrolyser Corporation Ltd.
Unaudited Consolidated Balance Sheet
September 30, 2000 and Fiscal Year End March 31, 2000
(thousands of dollars)
September 30, March 31,
2000 2000
-------------------------------------------------------------------------
Assets
Current assets:
Cash and short-term investments $ 12,329 $ 18,396
Accounts receivable 5,692 5,714
Inventories 2,125 1,562
Future income taxes 223 223
Other current assets 22 108
---------------------------
$ 20,391 $ 26,003
Capital assets $ 1,393 $ 822
Intangible assets 1,698 1,809
Future income taxes 225 225
Other assets 1,400 1,400
---------------------------
$ 4,716 $ 4,316
$ 25,107 $ 30,319
---------------------------
Liabilities and Shareholders` Equity
Current liabilities:
Accounts payable and accrued liabilities $ 4,376 $ 3,639
Future income taxes 190 60
---------------------------
$ 4,566 $ 3,699
Class A preference shares, redeemable - $ 94
Future income taxes 547 547
---------------------------
$ 547 $ 641
Shareholders` equity:
Share capital $ 38,330 $ 27,109
Deficit (18,337) (1,131)
---------------------------
$ 19,993 $ 25,978
$ 25,107 $ 30,319
---------------------------
---------------------------
(signed) Kelly T. Grindle (signed) Peter C. Johnson
Director Director
STUART ENERGY SYSTEMS CORPORATION
Formerly The Electrolyser Corporation Ltd.
Unaudited Consolidated Statement of Operations
Three Months and Six Months ended September 30, 2000 and 1999
(thousands of dollars except loss per share)
Three Months Ended Six Months Ended
September 30, 2000 September 30, 2000
2000 1999 2000 1999
-------------------------------------------------------------------------
Revenue $ 3,029 $ 3,682 $ 4,248 $ 6,392
Investment revenue 218 12 455 50
--------------------- ---------------------
$ 3,247 $ 3,694 $ 4,703 $ 6,441
Cost of revenue and
operating expenses $ 3,472 $ 2,838 $ 4,808 $ 4,406
Research and product
development 3,231 1,407 4,872 2,713
Interest expense 7 21 9 38
Amortization 162 118 304 233
--------------------- ---------------------
$ 6,871 $ 4,385 $ 9,992 $ 7,390
Loss before income taxes $ (3,624) $ (690) $ (5,289) $ (948)
--------------------- ---------------------
--------------------- ---------------------
Income taxes
Current - - - -
Future 80 20 130 30
--------------------- ---------------------
$ 80 $ 20 $ 130 $ 30
Loss for the period $ (3,704) $ (710) $ (5,419) $ (978)
--------------------- ---------------------
--------------------- ---------------------
Basic loss per share ($0.26) ($0.07) ($0.38) ($0.10)
--------------------- ---------------------
--------------------- ---------------------
Basic number of
outstanding shares 14,281,637 10,061,022 14,281,637 10,061,022
STUART ENERGY SYSTEMS CORPORATION
Formerly The Electrolyser Corporation Ltd.
Unaudited Consolidated Statement of Retained Earnings (Deficit)
Three Months and Six Months ended September 30, 2000 and 1999
(thousands of dollars)
Three Months Ended Six Months Ended
September 30, 2000 September 30, 2000
2000 1999 2000 1999
-------------------------------------------------------------------------
Retained earnings
(deficit), beginning
of the period $ (14,633) $ 2,555 $ (1,131) $ 2,823
Loss for the period (3,704) (710) (5,419) (978)
Shares purchased and
cancelled - - (11,787) -
--------------------- ---------------------
Retained earnings
(deficit), end
of the period $ (18,337) $ 1,844 $ (18,337) $ 1,844
--------------------- ---------------------
--------------------- ---------------------
STUART ENERGY SYSTEMS CORPORATION
Formerly The Electrolyser Corporation Ltd.
Unaudited Consolidated Statement of Cash Flows
Six months ended September 30, 2000 and 1999
(thousands of dollars)
Six Months Ended
September 30, 2000
2000 1999
-------------------------------------------------------------------------
Cash provided by (used in):
Operations
Loss for the period $ (5,419) $ (978)
Items not involving cash:
Amortization of capital assets 133 63
Amortization of deferred product
development costs 60 60
Future income taxes 130 30
Amortization of investment in
intellectual property 111 111
Net change in the non-cash operating
working capital 282 (638)
----------------------
$ (4,703) $ (1,352)
Financing:
Repayment of bank loan - $ (1,502)
Purchase and cancellation of common shares (13,138) -
Redemption of Class A preference shares (94) -
Proceeds from issuance of common shares 12,572 -
----------------------
$ (660) $ (1,502)
Investments:
Acquisition of capital assets $ (704) $ (158)
----------------------
$ (704) $ (158)
----------------------
Decrease in cash and short-term investments $ (6,067) $ (3,012)
Cash and short-term investments, beginning
of the period $ 18,396 $ 897
----------------------
Cash and short-term investments (bank
indebtedness), end of the period $ 12,329 $ (2,115)
----------------------
----------------------
STUART ENERGY SYSTEMS CORPORATION
Formerly The Electrolyser Corporation Ltd.
Notes to the Unaudited Consolidated Financial Statements
Six months ended September 30, 2000, and 1999
1. Significant Accounting Policies
Disclosures contained in these interim financial statements do not
conform in all respects to the disclosure requirements of generally
accepted accounting principles for annual financial statements. For
a full description of accounting policies, which have been applied
on a consistent basis in these interim financial statements, refer
to the Company`s annual financial statements for the fiscal year
ended March 31, 2000 contained in the final prospectus dated
September 27, 2000.
2. Share Capital
On August 17th, 2000 the Company issued, through private placement,
175,000 common shares for gross proceeds of $1,662,500.
As of September 30, 2000 there were 2,285,588 options outstanding.
The assumed exercise of these options would not have a dilutive
effect on loss per share.
3. Segment Information
Management has determined that the Company operates in one segment
which is the development and sale of electrolytic hydrogen equipment
and hydrogen services.
Summarized revenue by geographic region as determined by location of
the customers is as follows:
Three Months Ended Six Months Ended
September 30, 2000 September 30, 2000
2000 1999 2000 1999
---- ---- ---- ----
Canada $ 996,583 $ 676,033 $ 2,036,131 $ 1,589,327
United States 247,266 563,419 351,490 1,292,983
Other 2,085,627 2,429,506 2,315,273 3,558,421
------------------------- ------------------------
$ 3,329,476 $ 3,668,959 $ 4,702,894 $ 6,440,731
------------------------- ------------------------
------------------------- ------------------------
Substantially all of the net identifiable assets are located in
Canada.
4. Subsequent Event
On October 5, 2000, the Company completed a public offering of
5,770,000 common shares for gross proceeds of $150,020,000.
>>
%SEDAR: 00014836E
-30-
STUART ENERGY SYSTEMS CORPORATION has 14 releases in this database.
--------------------------------------------------------------------------------
General Inquiries - cnw@newswire.ca
Technical Issues - webmaster@newswire.ca
© 1999 Canada NewsWire, all rights reserved
CU
Message from the CEO
As many of you are aware, we introduced a quarterly newsletter earlier this year to keep our many stakeholders
abreast of the exciting events and breakthroughs at Stuart. Since that time we have become a publicly traded
company subject to the disclosure requirements associated with trading on an exchange. All material
information is now disclosed in press releases distributed on
various news wires and on our website, which will provide
you with "as it happens" Stuart news. Highlights from each
quarter will be in the "Message from the CEO" section,
which will accompany each quarterly release.
During the quarter ending September 30, 2000 (Q2 of year
ending March 31, 2001), there were a number of exciting
developments, including the formation of a joint venture,
Stuart CKI Corporation. Our company partnered with
Cheung Kong Infrastructure Holdings Limited of Hong
Kong (CKI), to distribute Stuart products throughout
Austral-Asia, and to enable CKI to develop a hydrogen
fuel infrastructure there. CKI is the largest diversified
infrastructure company trading on the Hong Kong Stock
Exchange, and is one of a group of companies related to Cheung Kong (Holdings) Ltd., in which Mr. Li Ka-shing’s
family and trust have approximately a 36% interest. The Cheung Kong Group has a total market
capitalization of approximately CDN $130 billion. We feel our hydrogen fuel technology will have excellent
sponsorship in this important market.
The new joint venture has been named Stuart CKI Corporation. Stuart holds 60% of the new venture, and CKI
holds 40%. Under the terms of the new agreement, CKI will have exclusive access to Stuart fuel products in
Austral-Asia until July 1, 2012. After the IPO, CKI`s equity interest in Stuart was approximately 12.9%.
Along with the strategic relationship with CKI, we are glad to announce that Ford Motor Company issued a
purchase order to test and evaluate a series of our Personal Fuel Appliance (PFA) prototypes over the next two
years. Our objective is to have the Personal Fuel Appliance ready for market at the same time as the hydrogen
fuel cell cars are introduced in showrooms.
In addition to these exciting new partnerships, Stuart has continued to develop its human resources team. In
this quarter we hired 35 people, of which 14 were placed in our design and development department and 13 in
operations, manufacturing and customer service.
Subsequent to this quarter the Company completed its initial public offering on the TSE and raised CDN $150
million. This effort represents the Company`s single most important financial event to date. The equity raised
will enable us to carry out our business plan for the foreseeable future.
Andrew Stuart
President and CEO
Dear Shareholders,
November 20, 2000
Stuart and CKI form Joint Venture
P
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E
S
S
R
E
L
E
A
S
E
H 0H
Stuart Energy Systems Announces Financial Results
th
For Second Quarter Ended September 30 , 2000.
TORONTO - November 20, 2000 -- Stuart Energy Systems Corporation (TSE:HHO), a leading
developer of hydrogen generation and supply systems, today announced financial results for the second
quarter ending September 30th, 2000.
Stuart Highlights
· Formed a joint venture with Cheung Kong Infrastructure Holdings Limited (CKI), part of
Mr. Li Ka-shing`s business organization, for the development of hydrogen infrastructure in
Austral-Asia.
· Strengthened Technology Team with the addition of staff in Research and Development.
· Signed contract with Ford Motor Company for evaluation of Stuart`s Personal Fuel Appliance
(PFA).
· Signed exclusive license to one patent and three patent applications for electrolysis cell
components and filed two additional new patent applications.
· Filed final prospectus raising CDN $150 million.
Financials
Revenue for the quarter was $3.2 million, compared to $3.7 million in the second quarter of fiscal 2000.
Stuart Energy had a net loss for the quarter of $3.6 million or $0.26 per share, compared to a net loss of
$0.7 million or $0.07 per share in the same quarter last year.
Expenditures on Research and Development increased to $3.2 million in the second quarter of fiscal
2001, compared with $1.4 million in fiscal 2000.
Operations
“During the quarter, we implemented a number of company-building measures that will help us deliver
on our growth strategy,” said Andrew Stuart, President and CEO. “We are witnessing a growth in orders
for our new technology. Last quarter, the company initiated execution of two contracts using Stuart`s
DEP technology, worth nearly $2 million.“
The major elements of Stuart`s growth strategy include:
- Building the strength and experience of its hydrogen team
- Expanding strategic relationships
- Enhancing technical leadership in the hydrogen sector
“Our joint venture with CKI significantly enhances the market reach of our products in Austral-Asia and
will provide a platform for expansion in the region,” said Mr. Stuart. “The Cheung Kong Group is one of
the most successful business organizations in the world.”
The joint venture will distribute Stuart products and enable CKI to implement a hydrogen fuel
infrastructure for the coming generation of hydrogen fuel cell vehicles in the territory of Austral-Asia.
CKI has agreed that all of its worldwide hydrogen activities will be carried out in conjunction with Stuart
Energy.
Fazit : Kaufen und sonst warten !
CU
Canada NewsWire
Give us your message. We`ll give you the world.
--------------------------------------------------------------------------------
STUART ENERGY SYSTEMS CORPORATION
Canadian Quotes from Telenium
HHO. (TSE)
--------------------------------------------------------------------------------
Attention Business/Financial Editors:
Stuart Energy Systems Announces Financial Results For Second Quarter Ended September 30th, 2000
TORONTO, Nov. 20 /CNW/ - Stuart Energy Systems Corporation (TSE:HHO), a
leading developer of hydrogen generation and supply systems, today announced
financial results for the second quarter ending September 30th, 2000.
Stuart Highlights
- Formed a joint venture with Cheung Kong Infrastructure Holdings
Limited (CKI), part of Mr. Li Ka-shing`s business organization, for
the development of hydrogen infrastructure in Austral-Asia.
- Strengthened Technology Team with the addition of staff in Research
and Development.
- Signed contract with Ford Motor Company for evaluation of Stuart`s
Personal Fuel Appliance (PFA).
- Signed exclusive license to one patent and three patent applications
for electrolysis cell components and filed two additional new patent
applications.
- Filed final prospectus raising CDN $150 million.
Financials
Revenue for the quarter was $3.2 million, compared to $3.7 million in the
second quarter of fiscal 2000. Stuart Energy had a net loss for the quarter of
$3.6 million or $0.26 per share, compared to a net loss of $0.7 million or
$0.07 per share in the same quarter last year.
Expenditures on Research and Development increased to $3.2 million in the
second quarter of fiscal 2001, compared with $1.4 million in fiscal 2000.
Operations
"During the quarter, we implemented a number of company-building measures
that will help us deliver on our growth strategy," said Andrew Stuart,
President and CEO. "We are witnessing a growth in orders for our new
technology. Last quarter, the company initiated execution of two contracts
using Stuart`s DEP technology, worth nearly $2 million."
The major elements of Stuart`s growth strategy include:
- Building the strength and experience of its hydrogen team
- Expanding strategic relationships
- Enhancing technical leadership in the hydrogen sector
"Our joint venture with CKI significantly enhances the market reach of
our products in Austral-Asia and will provide a platform for expansion in the
region," said Mr. Stuart. "The Cheung Kong Group is one of the most successful
business organizations in the world."
The joint venture will distribute Stuart products and enable CKI to
implement a hydrogen fuel infrastructure for the coming generation of hydrogen
fuel cell vehicles in the territory of Austral-Asia. CKI has agreed that all
of its worldwide hydrogen activities will be carried out in conjunction with
Stuart Energy.
"Additionally, to support growth, we are committed to expanding our
hydrogen team. During the quarter we added 14 new employees to our Research
and Development department."
At the end of the quarter, Stuart had 11 U.S., 4 Canadian and 14
international patent applications on file covering 12 inventions. In addition
to recent applications, Stuart has patent protection covering a wide range of
existing intellectual property.
Subsequent Events
On October 5, Stuart Energy completed an Initial Public Offering of
5,770,000 Million of its common shares, with gross proceeds of $150 million
and net proceeds of approximately $138 million. On October 5, 2000, Stuart`s
working capital increased to $ 157 million, including $ 153 million of cash.
The Company will use the net proceeds of the offering to implement, among
other things, its hydrogen growth strategy in its three key markets:
- Transportation Fuel
- Regenerative Electric Power
- Industrial customers
Also in October, Stuart unveiled the new, 33% smaller, 200 series
Personal Fuel Appliance (PFA).
Stuart Energy Systems
Stuart Energy Systems Corporation (TSE:HHO) is a leading developer and
supplier of hydrogen generation and supply systems, with offices in Canada and
the United States. These systems incorporate proprietary water electrolysis
technology designed to serve the industrial hydrogen market and the emerging
hydrogen fuel market for transportation and regenerative electric power
applications. This market has been enabled by the development of electric
power technologies such as the hydrogen fuel cell. The Company`s website
address is: www.stuartenergy.com.
Management`s Discussion and Analysis of Operating Results
Second Quarter (July 1, 2000 through September 30, 2000)
Fiscal Year Ending March 31, 2001
Revenue
Revenue in the second quarter of fiscal year ending March 31, 2001 was
$3.2 million, compared to $1.5 million in the first quarter of fiscal 2001 and
$3.7 million in the second quarter of fiscal year ending March 31, 2000. These
results reflect differences in the order intake pattern, which may vary
significantly from quarter to quarter.
Cost of Revenues and Operating Expenses
Cost of revenues and operating expenses increased from $2.8 million in
the second quarter of fiscal year ending March 31, 2000 to $3.4 million in the
second quarter of fiscal year ending March 31, 2001. This increase is a result
of the employment of greater resources to support the expansion of the product
development and sales and marketing programs.
Research and Product Development
R&D expenditures increased from $1.4 million in the second quarter of
fiscal year ending March 31, 2000 to $3.2 million in the second quarter of the
current fiscal year, enabled by the private placement completed in March 2000.
The increase reflects the stated intention of the Company to expand the
research and product development program, to maintain and enhance the
Company`s leadership position in the water electrolysis and hydrogen fuel
markets.
Liquidity and Capital Resources
Total working capital decreased from $22.3 million in the fiscal year
ended March 31, 2000 to $15.8 million in the second quarter of the current
fiscal year. On September 27, 2000 the Company filed its final prospectus,
which resulted, after the end of the second quarter on October 5th, 2000, in
an initial public placement of gross proceeds of $150 million involving 5.77
million common shares.
New Strategic Joint Venture
On August 17th the Company established a joint venture, Stuart CKI
Corporation, with Cheung Kong Infrastructure Holdings Limited (CKI), in which
Stuart holds a 60% interest and CKI holds a 40% interest. Subject to certain
terms and conditions, CKI agreed to develop, on a proactive basis, a hydrogen
fuel supply and related infrastructure throughout the Austral-Asia territory
in accordance with development plans to be agreed upon by Stuart CKI and CKI.
Stuart CKI will act as the exclusive distributor of Stuart hydrogen fuel
equipment to CKI in the territory until July 1st, 2012 and on a non-exclusive
basis thereafter. The commercial agreement contemplates that CKI will pay to
Stuart CKI royalty payments at specified rates during specified periods for
revenues derived from the sale of hydrogen fuel in the territory using
products purchased by CKI from Stuart CKI. CKI also agreed that all of its
world-wide hydrogen supply activities will be carried out only in conjunction
with Stuart.
As part of the transaction, CKI further aligned its interests with the
Company, increasing its equity position in the Company to 2,593,857 shares
(approximately 12.9% of the Company`s common shares after giving effect to the
initial public offering).
Outlook
Over the past two years the company has begun to increase significantly
its commitment to research and product development. With the proceeds of the
IPO completed on October 5th, 2000, the Company intends to continue to expand
the scope of its research and product development program, to build its
internal infrastructure and management systems and to enhance its business
development efforts in order to capitalize on the opportunities identified in
the industrial, transportation and regenerative power markets.
Andrew T.B. Stuart,
President and CEO
<<
STUART ENERGY SYSTEMS CORPORATION
Formerly The Electrolyser Corporation Ltd.
Unaudited Consolidated Balance Sheet
September 30, 2000 and Fiscal Year End March 31, 2000
(thousands of dollars)
September 30, March 31,
2000 2000
-------------------------------------------------------------------------
Assets
Current assets:
Cash and short-term investments $ 12,329 $ 18,396
Accounts receivable 5,692 5,714
Inventories 2,125 1,562
Future income taxes 223 223
Other current assets 22 108
---------------------------
$ 20,391 $ 26,003
Capital assets $ 1,393 $ 822
Intangible assets 1,698 1,809
Future income taxes 225 225
Other assets 1,400 1,400
---------------------------
$ 4,716 $ 4,316
$ 25,107 $ 30,319
---------------------------
Liabilities and Shareholders` Equity
Current liabilities:
Accounts payable and accrued liabilities $ 4,376 $ 3,639
Future income taxes 190 60
---------------------------
$ 4,566 $ 3,699
Class A preference shares, redeemable - $ 94
Future income taxes 547 547
---------------------------
$ 547 $ 641
Shareholders` equity:
Share capital $ 38,330 $ 27,109
Deficit (18,337) (1,131)
---------------------------
$ 19,993 $ 25,978
$ 25,107 $ 30,319
---------------------------
---------------------------
(signed) Kelly T. Grindle (signed) Peter C. Johnson
Director Director
STUART ENERGY SYSTEMS CORPORATION
Formerly The Electrolyser Corporation Ltd.
Unaudited Consolidated Statement of Operations
Three Months and Six Months ended September 30, 2000 and 1999
(thousands of dollars except loss per share)
Three Months Ended Six Months Ended
September 30, 2000 September 30, 2000
2000 1999 2000 1999
-------------------------------------------------------------------------
Revenue $ 3,029 $ 3,682 $ 4,248 $ 6,392
Investment revenue 218 12 455 50
--------------------- ---------------------
$ 3,247 $ 3,694 $ 4,703 $ 6,441
Cost of revenue and
operating expenses $ 3,472 $ 2,838 $ 4,808 $ 4,406
Research and product
development 3,231 1,407 4,872 2,713
Interest expense 7 21 9 38
Amortization 162 118 304 233
--------------------- ---------------------
$ 6,871 $ 4,385 $ 9,992 $ 7,390
Loss before income taxes $ (3,624) $ (690) $ (5,289) $ (948)
--------------------- ---------------------
--------------------- ---------------------
Income taxes
Current - - - -
Future 80 20 130 30
--------------------- ---------------------
$ 80 $ 20 $ 130 $ 30
Loss for the period $ (3,704) $ (710) $ (5,419) $ (978)
--------------------- ---------------------
--------------------- ---------------------
Basic loss per share ($0.26) ($0.07) ($0.38) ($0.10)
--------------------- ---------------------
--------------------- ---------------------
Basic number of
outstanding shares 14,281,637 10,061,022 14,281,637 10,061,022
STUART ENERGY SYSTEMS CORPORATION
Formerly The Electrolyser Corporation Ltd.
Unaudited Consolidated Statement of Retained Earnings (Deficit)
Three Months and Six Months ended September 30, 2000 and 1999
(thousands of dollars)
Three Months Ended Six Months Ended
September 30, 2000 September 30, 2000
2000 1999 2000 1999
-------------------------------------------------------------------------
Retained earnings
(deficit), beginning
of the period $ (14,633) $ 2,555 $ (1,131) $ 2,823
Loss for the period (3,704) (710) (5,419) (978)
Shares purchased and
cancelled - - (11,787) -
--------------------- ---------------------
Retained earnings
(deficit), end
of the period $ (18,337) $ 1,844 $ (18,337) $ 1,844
--------------------- ---------------------
--------------------- ---------------------
STUART ENERGY SYSTEMS CORPORATION
Formerly The Electrolyser Corporation Ltd.
Unaudited Consolidated Statement of Cash Flows
Six months ended September 30, 2000 and 1999
(thousands of dollars)
Six Months Ended
September 30, 2000
2000 1999
-------------------------------------------------------------------------
Cash provided by (used in):
Operations
Loss for the period $ (5,419) $ (978)
Items not involving cash:
Amortization of capital assets 133 63
Amortization of deferred product
development costs 60 60
Future income taxes 130 30
Amortization of investment in
intellectual property 111 111
Net change in the non-cash operating
working capital 282 (638)
----------------------
$ (4,703) $ (1,352)
Financing:
Repayment of bank loan - $ (1,502)
Purchase and cancellation of common shares (13,138) -
Redemption of Class A preference shares (94) -
Proceeds from issuance of common shares 12,572 -
----------------------
$ (660) $ (1,502)
Investments:
Acquisition of capital assets $ (704) $ (158)
----------------------
$ (704) $ (158)
----------------------
Decrease in cash and short-term investments $ (6,067) $ (3,012)
Cash and short-term investments, beginning
of the period $ 18,396 $ 897
----------------------
Cash and short-term investments (bank
indebtedness), end of the period $ 12,329 $ (2,115)
----------------------
----------------------
STUART ENERGY SYSTEMS CORPORATION
Formerly The Electrolyser Corporation Ltd.
Notes to the Unaudited Consolidated Financial Statements
Six months ended September 30, 2000, and 1999
1. Significant Accounting Policies
Disclosures contained in these interim financial statements do not
conform in all respects to the disclosure requirements of generally
accepted accounting principles for annual financial statements. For
a full description of accounting policies, which have been applied
on a consistent basis in these interim financial statements, refer
to the Company`s annual financial statements for the fiscal year
ended March 31, 2000 contained in the final prospectus dated
September 27, 2000.
2. Share Capital
On August 17th, 2000 the Company issued, through private placement,
175,000 common shares for gross proceeds of $1,662,500.
As of September 30, 2000 there were 2,285,588 options outstanding.
The assumed exercise of these options would not have a dilutive
effect on loss per share.
3. Segment Information
Management has determined that the Company operates in one segment
which is the development and sale of electrolytic hydrogen equipment
and hydrogen services.
Summarized revenue by geographic region as determined by location of
the customers is as follows:
Three Months Ended Six Months Ended
September 30, 2000 September 30, 2000
2000 1999 2000 1999
---- ---- ---- ----
Canada $ 996,583 $ 676,033 $ 2,036,131 $ 1,589,327
United States 247,266 563,419 351,490 1,292,983
Other 2,085,627 2,429,506 2,315,273 3,558,421
------------------------- ------------------------
$ 3,329,476 $ 3,668,959 $ 4,702,894 $ 6,440,731
------------------------- ------------------------
------------------------- ------------------------
Substantially all of the net identifiable assets are located in
Canada.
4. Subsequent Event
On October 5, 2000, the Company completed a public offering of
5,770,000 common shares for gross proceeds of $150,020,000.
>>
%SEDAR: 00014836E
-30-
STUART ENERGY SYSTEMS CORPORATION has 14 releases in this database.
--------------------------------------------------------------------------------
General Inquiries - cnw@newswire.ca
Technical Issues - webmaster@newswire.ca
© 1999 Canada NewsWire, all rights reserved
CU
Message from the CEO
As many of you are aware, we introduced a quarterly newsletter earlier this year to keep our many stakeholders
abreast of the exciting events and breakthroughs at Stuart. Since that time we have become a publicly traded
company subject to the disclosure requirements associated with trading on an exchange. All material
information is now disclosed in press releases distributed on
various news wires and on our website, which will provide
you with "as it happens" Stuart news. Highlights from each
quarter will be in the "Message from the CEO" section,
which will accompany each quarterly release.
During the quarter ending September 30, 2000 (Q2 of year
ending March 31, 2001), there were a number of exciting
developments, including the formation of a joint venture,
Stuart CKI Corporation. Our company partnered with
Cheung Kong Infrastructure Holdings Limited of Hong
Kong (CKI), to distribute Stuart products throughout
Austral-Asia, and to enable CKI to develop a hydrogen
fuel infrastructure there. CKI is the largest diversified
infrastructure company trading on the Hong Kong Stock
Exchange, and is one of a group of companies related to Cheung Kong (Holdings) Ltd., in which Mr. Li Ka-shing’s
family and trust have approximately a 36% interest. The Cheung Kong Group has a total market
capitalization of approximately CDN $130 billion. We feel our hydrogen fuel technology will have excellent
sponsorship in this important market.
The new joint venture has been named Stuart CKI Corporation. Stuart holds 60% of the new venture, and CKI
holds 40%. Under the terms of the new agreement, CKI will have exclusive access to Stuart fuel products in
Austral-Asia until July 1, 2012. After the IPO, CKI`s equity interest in Stuart was approximately 12.9%.
Along with the strategic relationship with CKI, we are glad to announce that Ford Motor Company issued a
purchase order to test and evaluate a series of our Personal Fuel Appliance (PFA) prototypes over the next two
years. Our objective is to have the Personal Fuel Appliance ready for market at the same time as the hydrogen
fuel cell cars are introduced in showrooms.
In addition to these exciting new partnerships, Stuart has continued to develop its human resources team. In
this quarter we hired 35 people, of which 14 were placed in our design and development department and 13 in
operations, manufacturing and customer service.
Subsequent to this quarter the Company completed its initial public offering on the TSE and raised CDN $150
million. This effort represents the Company`s single most important financial event to date. The equity raised
will enable us to carry out our business plan for the foreseeable future.
Andrew Stuart
President and CEO
Dear Shareholders,
November 20, 2000
Stuart and CKI form Joint Venture
P
R
E
S
S
R
E
L
E
A
S
E
H 0H
Stuart Energy Systems Announces Financial Results
th
For Second Quarter Ended September 30 , 2000.
TORONTO - November 20, 2000 -- Stuart Energy Systems Corporation (TSE:HHO), a leading
developer of hydrogen generation and supply systems, today announced financial results for the second
quarter ending September 30th, 2000.
Stuart Highlights
· Formed a joint venture with Cheung Kong Infrastructure Holdings Limited (CKI), part of
Mr. Li Ka-shing`s business organization, for the development of hydrogen infrastructure in
Austral-Asia.
· Strengthened Technology Team with the addition of staff in Research and Development.
· Signed contract with Ford Motor Company for evaluation of Stuart`s Personal Fuel Appliance
(PFA).
· Signed exclusive license to one patent and three patent applications for electrolysis cell
components and filed two additional new patent applications.
· Filed final prospectus raising CDN $150 million.
Financials
Revenue for the quarter was $3.2 million, compared to $3.7 million in the second quarter of fiscal 2000.
Stuart Energy had a net loss for the quarter of $3.6 million or $0.26 per share, compared to a net loss of
$0.7 million or $0.07 per share in the same quarter last year.
Expenditures on Research and Development increased to $3.2 million in the second quarter of fiscal
2001, compared with $1.4 million in fiscal 2000.
Operations
“During the quarter, we implemented a number of company-building measures that will help us deliver
on our growth strategy,” said Andrew Stuart, President and CEO. “We are witnessing a growth in orders
for our new technology. Last quarter, the company initiated execution of two contracts using Stuart`s
DEP technology, worth nearly $2 million.“
The major elements of Stuart`s growth strategy include:
- Building the strength and experience of its hydrogen team
- Expanding strategic relationships
- Enhancing technical leadership in the hydrogen sector
“Our joint venture with CKI significantly enhances the market reach of our products in Austral-Asia and
will provide a platform for expansion in the region,” said Mr. Stuart. “The Cheung Kong Group is one of
the most successful business organizations in the world.”
The joint venture will distribute Stuart products and enable CKI to implement a hydrogen fuel
infrastructure for the coming generation of hydrogen fuel cell vehicles in the territory of Austral-Asia.
CKI has agreed that all of its worldwide hydrogen activities will be carried out in conjunction with Stuart
Energy.
Fazit : Kaufen und sonst warten !
CU
Na endlich !
Auf diese Meldung warte ich schon seit der IPO !
Wednesday November 22, 9:07 am Eastern Time
Press Release
SOURCE: Stuart Energy Systems Corporation
Stuart Energy Enters California Fuel Cell Partnership - Joins Industry Leaders to Demonstrate Hydrogen Fuelling Technology
TORONTO, Nov. 22 /PRNewswire/ - Stuart Energy Systems (TSE: HHO - news), a leading developer of hydrogen generation and supply systems, announced today that it has accepted an invitation to be an Associate Member in the prestigious California Fuel Cell Partnership. The Partnership is a collaboration of eight of the world`s major automakers, three leading fuel cell suppliers, three major energy companies and five state or federal government agencies. Stuart will demonstrate its leadership in developing appliances to refuel hydrogen fuel cell vehicles by deploying a ``satellite`` hydrogen fueling infrastructure for the Partnership. Stuart`s proprietary technology uses household water and electricity to produce hydrogen fuel at the pressure and the purity needed for fuel cell vehicles.
The Partnership is a collaborative effort to demonstrate the potential for fuel cell powered vehicles. The California Fuel Cell Partnership is expected to place about 70 fuel cell passenger cars and fuel cell buses on the road in California between 2000 and 2003.
In addition to testing the fuel cell vehicles, the Partnership will also investigate fuel infrastructure issues, including Hydrogen supply, and prepare the market for this new technology by exploring the path to commercialization and increasing public awareness. Stuart Energy has offered the Partnership a convenient and practical distributed infrastructure to meet the needs of the fuel cell vehicles as they are introduced to market.
Andrew Stuart, President and CEO of Stuart Energy, commented, ``We are very excited to become an Associate Member of the California Fuel Cell partnership. We are already providing hydrogen to the Partnership at SunLine Transit in Thousand Palms, and we are confident that we can play an enabling role in a hydrogen fueling infrastructure in California to help make fuel cell vehicles a success.``
The California Cell Partnership
The partnership -- which formally began in April 1999 -- includes auto manufacturers (DaimlerChrysler, Ford, GM, Honda, Hyundai, Nissan, Toyota, and Volkswagen), energy providers (BP, Shell, Texaco), fuel cell companies (Ballard Power Systems, International Fuel Cells, and XCELLSIS), and government agencies (the California Air Resources Board, California Energy Commission, U.S. Department of Energy, U.S. Department of Transportation, and the South Coast Air Quality Management District). The team also includes Associate Partners who assist with specific areas of expertise to help meet the Partnership`s goals: hydrogen gas suppliers (Air Products and Chemicals, Inc. and Praxair); a methanol fuel supplier (Methanex); and bus transit companies (AC Transit and SunLine Transit Agency).
Stuart Energy Systems
Stuart Energy Systems Corporation (TSE: HHO - news) is a leading developer and supplier of hydrogen generation and supply systems, with offices in Canada and the United States. These systems incorporate proprietary water electrolysis technology designed to serve the industrial hydrogen market and the emerging hydrogen fuel market for transportation and regenerative electric power applications. This market has been enabled by the development of electric power technologies such as the hydrogen fuel cell. The Company`s Web site address is www.stuartenergy.com.
SOURCE: Stuart Energy Systems Corporation
Man brauch jetzt nur noch Geduld ! im Zweifel bis zu den
nächsten US Wahlen bzw. Neu- Wahlen
CU
Auf diese Meldung warte ich schon seit der IPO !
Wednesday November 22, 9:07 am Eastern Time
Press Release
SOURCE: Stuart Energy Systems Corporation
Stuart Energy Enters California Fuel Cell Partnership - Joins Industry Leaders to Demonstrate Hydrogen Fuelling Technology
TORONTO, Nov. 22 /PRNewswire/ - Stuart Energy Systems (TSE: HHO - news), a leading developer of hydrogen generation and supply systems, announced today that it has accepted an invitation to be an Associate Member in the prestigious California Fuel Cell Partnership. The Partnership is a collaboration of eight of the world`s major automakers, three leading fuel cell suppliers, three major energy companies and five state or federal government agencies. Stuart will demonstrate its leadership in developing appliances to refuel hydrogen fuel cell vehicles by deploying a ``satellite`` hydrogen fueling infrastructure for the Partnership. Stuart`s proprietary technology uses household water and electricity to produce hydrogen fuel at the pressure and the purity needed for fuel cell vehicles.
The Partnership is a collaborative effort to demonstrate the potential for fuel cell powered vehicles. The California Fuel Cell Partnership is expected to place about 70 fuel cell passenger cars and fuel cell buses on the road in California between 2000 and 2003.
In addition to testing the fuel cell vehicles, the Partnership will also investigate fuel infrastructure issues, including Hydrogen supply, and prepare the market for this new technology by exploring the path to commercialization and increasing public awareness. Stuart Energy has offered the Partnership a convenient and practical distributed infrastructure to meet the needs of the fuel cell vehicles as they are introduced to market.
Andrew Stuart, President and CEO of Stuart Energy, commented, ``We are very excited to become an Associate Member of the California Fuel Cell partnership. We are already providing hydrogen to the Partnership at SunLine Transit in Thousand Palms, and we are confident that we can play an enabling role in a hydrogen fueling infrastructure in California to help make fuel cell vehicles a success.``
The California Cell Partnership
The partnership -- which formally began in April 1999 -- includes auto manufacturers (DaimlerChrysler, Ford, GM, Honda, Hyundai, Nissan, Toyota, and Volkswagen), energy providers (BP, Shell, Texaco), fuel cell companies (Ballard Power Systems, International Fuel Cells, and XCELLSIS), and government agencies (the California Air Resources Board, California Energy Commission, U.S. Department of Energy, U.S. Department of Transportation, and the South Coast Air Quality Management District). The team also includes Associate Partners who assist with specific areas of expertise to help meet the Partnership`s goals: hydrogen gas suppliers (Air Products and Chemicals, Inc. and Praxair); a methanol fuel supplier (Methanex); and bus transit companies (AC Transit and SunLine Transit Agency).
Stuart Energy Systems
Stuart Energy Systems Corporation (TSE: HHO - news) is a leading developer and supplier of hydrogen generation and supply systems, with offices in Canada and the United States. These systems incorporate proprietary water electrolysis technology designed to serve the industrial hydrogen market and the emerging hydrogen fuel market for transportation and regenerative electric power applications. This market has been enabled by the development of electric power technologies such as the hydrogen fuel cell. The Company`s Web site address is www.stuartenergy.com.
SOURCE: Stuart Energy Systems Corporation
Man brauch jetzt nur noch Geduld ! im Zweifel bis zu den
nächsten US Wahlen bzw. Neu- Wahlen
CU
Auf diese Nachricht warte ich schon seit der IPO
Wednesday November 22, 9:07 am Eastern Time
Press Release
SOURCE: Stuart Energy Systems Corporation
Stuart Energy Enters California Fuel Cell Partnership - Joins Industry Leaders to Demonstrate Hydrogen Fuelling Technology
TORONTO, Nov. 22 /PRNewswire/ - Stuart Energy Systems (TSE: HHO - news), a leading developer of hydrogen generation and supply systems, announced today that it has accepted an invitation to be an Associate Member in the prestigious California Fuel Cell Partnership. The Partnership is a collaboration of eight of the world`s major automakers, three leading fuel cell suppliers, three major energy companies and five state or federal government agencies. Stuart will demonstrate its leadership in developing appliances to refuel hydrogen fuel cell vehicles by deploying a ``satellite`` hydrogen fueling infrastructure for the Partnership. Stuart`s proprietary technology uses household water and electricity to produce hydrogen fuel at the pressure and the purity needed for fuel cell vehicles.
The Partnership is a collaborative effort to demonstrate the potential for fuel cell powered vehicles. The California Fuel Cell Partnership is expected to place about 70 fuel cell passenger cars and fuel cell buses on the road in California between 2000 and 2003.
In addition to testing the fuel cell vehicles, the Partnership will also investigate fuel infrastructure issues, including Hydrogen supply, and prepare the market for this new technology by exploring the path to commercialization and increasing public awareness. Stuart Energy has offered the Partnership a convenient and practical distributed infrastructure to meet the needs of the fuel cell vehicles as they are introduced to market.
Andrew Stuart, President and CEO of Stuart Energy, commented, ``We are very excited to become an Associate Member of the California Fuel Cell partnership. We are already providing hydrogen to the Partnership at SunLine Transit in Thousand Palms, and we are confident that we can play an enabling role in a hydrogen fueling infrastructure in California to help make fuel cell vehicles a success.``
The California Cell Partnership
The partnership -- which formally began in April 1999 -- includes auto manufacturers (DaimlerChrysler, Ford, GM, Honda, Hyundai, Nissan, Toyota, and Volkswagen), energy providers (BP, Shell, Texaco), fuel cell companies (Ballard Power Systems, International Fuel Cells, and XCELLSIS), and government agencies (the California Air Resources Board, California Energy Commission, U.S. Department of Energy, U.S. Department of Transportation, and the South Coast Air Quality Management District). The team also includes Associate Partners who assist with specific areas of expertise to help meet the Partnership`s goals: hydrogen gas suppliers (Air Products and Chemicals, Inc. and Praxair); a methanol fuel supplier (Methanex); and bus transit companies (AC Transit and SunLine Transit Agency).
Stuart Energy Systems
Stuart Energy Systems Corporation (TSE: HHO - news) is a leading developer and supplier of hydrogen generation and supply systems, with offices in Canada and the United States. These systems incorporate proprietary water electrolysis technology designed to serve the industrial hydrogen market and the emerging hydrogen fuel market for transportation and regenerative electric power applications. This market has been enabled by the development of electric power technologies such as the hydrogen fuel cell. The Company`s Web site address is www.stuartenergy.com.
SOURCE: Stuart Energy Systems Corporation
Wednesday November 22, 9:07 am Eastern Time
Press Release
SOURCE: Stuart Energy Systems Corporation
Stuart Energy Enters California Fuel Cell Partnership - Joins Industry Leaders to Demonstrate Hydrogen Fuelling Technology
TORONTO, Nov. 22 /PRNewswire/ - Stuart Energy Systems (TSE: HHO - news), a leading developer of hydrogen generation and supply systems, announced today that it has accepted an invitation to be an Associate Member in the prestigious California Fuel Cell Partnership. The Partnership is a collaboration of eight of the world`s major automakers, three leading fuel cell suppliers, three major energy companies and five state or federal government agencies. Stuart will demonstrate its leadership in developing appliances to refuel hydrogen fuel cell vehicles by deploying a ``satellite`` hydrogen fueling infrastructure for the Partnership. Stuart`s proprietary technology uses household water and electricity to produce hydrogen fuel at the pressure and the purity needed for fuel cell vehicles.
The Partnership is a collaborative effort to demonstrate the potential for fuel cell powered vehicles. The California Fuel Cell Partnership is expected to place about 70 fuel cell passenger cars and fuel cell buses on the road in California between 2000 and 2003.
In addition to testing the fuel cell vehicles, the Partnership will also investigate fuel infrastructure issues, including Hydrogen supply, and prepare the market for this new technology by exploring the path to commercialization and increasing public awareness. Stuart Energy has offered the Partnership a convenient and practical distributed infrastructure to meet the needs of the fuel cell vehicles as they are introduced to market.
Andrew Stuart, President and CEO of Stuart Energy, commented, ``We are very excited to become an Associate Member of the California Fuel Cell partnership. We are already providing hydrogen to the Partnership at SunLine Transit in Thousand Palms, and we are confident that we can play an enabling role in a hydrogen fueling infrastructure in California to help make fuel cell vehicles a success.``
The California Cell Partnership
The partnership -- which formally began in April 1999 -- includes auto manufacturers (DaimlerChrysler, Ford, GM, Honda, Hyundai, Nissan, Toyota, and Volkswagen), energy providers (BP, Shell, Texaco), fuel cell companies (Ballard Power Systems, International Fuel Cells, and XCELLSIS), and government agencies (the California Air Resources Board, California Energy Commission, U.S. Department of Energy, U.S. Department of Transportation, and the South Coast Air Quality Management District). The team also includes Associate Partners who assist with specific areas of expertise to help meet the Partnership`s goals: hydrogen gas suppliers (Air Products and Chemicals, Inc. and Praxair); a methanol fuel supplier (Methanex); and bus transit companies (AC Transit and SunLine Transit Agency).
Stuart Energy Systems
Stuart Energy Systems Corporation (TSE: HHO - news) is a leading developer and supplier of hydrogen generation and supply systems, with offices in Canada and the United States. These systems incorporate proprietary water electrolysis technology designed to serve the industrial hydrogen market and the emerging hydrogen fuel market for transportation and regenerative electric power applications. This market has been enabled by the development of electric power technologies such as the hydrogen fuel cell. The Company`s Web site address is www.stuartenergy.com.
SOURCE: Stuart Energy Systems Corporation
ohne worte...
Leider gilt die Grafik für alle Wasserstoff - Aktien
Der Grund :
Die Hoffnung :
Die Lösung : Stuart Energy
Der Grund :
Die Hoffnung :
Die Lösung : Stuart Energy
SOURCE: Stuart Energy Systems Corporation
Stuart Energy is Granted New US Patent-
Enabling significant cost and footprint reductions in Hydrogen Fuel Appliances
TORONTO, Nov. 27 /PRNewswire/ - Stuart Energy Systems (TSE: HHO - news), a leading developer of hydrogen generation and supply systems, announced today that it has been granted a new US patent further enhancing Stuart`s electrolyser technology portfolio. The newly patented technology increases energy efficiency and eliminates the need for numerous auxiliary systems, reducing the footprint of Stuart`s fuel appliances by 20-50%. This technology is currently implemented in select new fuel appliances, including those being deployed to the Ford Motor Company.
The patent is focused on the process control of Stuart`s electrolytic cells. Stuart`s new technology uses innovative, low cost, level sensing technology that offers significant cost advantages over conventional, high cost pressure control devices used in other electrolysis systems. This invention permits safe and reliable control systems for the delivery of hydrogen from the DEP(TM) electrolyser, and can effectively maintain a pressure differential across the membrane of the cell.
``The hard work of our team of research and development engineers and scientists has been recognized by the US patent office. The new technology is already in use in our equipment currently in field trials and the feedback has been excellent``, said Matthew Fairlie, Chief Technical Officer at Stuart Energy.
Stuart Energy Systems
Stuart Energy Systems Corporation (TSE: HHO - news) is a leading developer and supplier of hydrogen generation and supply systems, with offices in Canada and the United States. These systems incorporate proprietary water electrolysis technology designed to serve the industrial hydrogen market and the emerging hydrogen fuel market for transportation and regenerative electric power applications. This market has been enabled by the development of electric power technologies such as the hydrogen fuel cell. The Company`s Web site address is www.stuartenergy.com. Grant of US patent lifts Stuart Energy Systems shares
TORONTO, Nov 27 (Reuters) - Shares of Stuart Energy Systems (Toronto:HHO.TO - news) rose as much as 11 percent on Monday after the firm said the U.S. patent office granted it a patent that reduces the size and cost, and raises the efficiency of its hydrogen refueling systems.
Toronto-based Stuart, which is in a joint venture with Hong Kong billionaire Li ki-shing`s Cheung Kong Infrastructure, is developing a hydrogen fueling system for use in automobiles that will be powered by fuel cells.
Fuel Cells use hydrogen, methanol or natural gas as a fuel to create an electrochemical reaction and produce power with low or zero emissions.
Stuart said U.S. patent No. 6146518 allows it to reduce the size of its refueling system by 30-50 percent because of refinements to the machines` level sensing control that is responsible for controlling how much hydrogen is produced.
The patent covers the units` gas separation device that is used to trap hydrogen, and effectively eliminates space consuming auxiliary controls, said Stuart.
The company`s shares were up C$1.10 at C$12.35 on the Toronto Stock Exchange on Monday, but are still less than half their early-October initial public offering price of C$26.
Other fuel cell stocks were performing well on Monday with Ballard Power Systems Inc. BLD.TO> up 7 percent at C$126.90 and Plug Power Inc (NasdaqNM:PLUG - news) gaining $1 1/2 to $18.
Alternative energy companies has suffered lately as the sector`s champion, U.S. Vice-President Al Gore looks increasingly unlikely to win the U.S. Presidency from Governor George W. Bush.
+ 10 %
Es geht wieder Aufwärts : Substanz entscheidet !
Stuart Energy is Granted New US Patent-
Enabling significant cost and footprint reductions in Hydrogen Fuel Appliances
TORONTO, Nov. 27 /PRNewswire/ - Stuart Energy Systems (TSE: HHO - news), a leading developer of hydrogen generation and supply systems, announced today that it has been granted a new US patent further enhancing Stuart`s electrolyser technology portfolio. The newly patented technology increases energy efficiency and eliminates the need for numerous auxiliary systems, reducing the footprint of Stuart`s fuel appliances by 20-50%. This technology is currently implemented in select new fuel appliances, including those being deployed to the Ford Motor Company.
The patent is focused on the process control of Stuart`s electrolytic cells. Stuart`s new technology uses innovative, low cost, level sensing technology that offers significant cost advantages over conventional, high cost pressure control devices used in other electrolysis systems. This invention permits safe and reliable control systems for the delivery of hydrogen from the DEP(TM) electrolyser, and can effectively maintain a pressure differential across the membrane of the cell.
``The hard work of our team of research and development engineers and scientists has been recognized by the US patent office. The new technology is already in use in our equipment currently in field trials and the feedback has been excellent``, said Matthew Fairlie, Chief Technical Officer at Stuart Energy.
Stuart Energy Systems
Stuart Energy Systems Corporation (TSE: HHO - news) is a leading developer and supplier of hydrogen generation and supply systems, with offices in Canada and the United States. These systems incorporate proprietary water electrolysis technology designed to serve the industrial hydrogen market and the emerging hydrogen fuel market for transportation and regenerative electric power applications. This market has been enabled by the development of electric power technologies such as the hydrogen fuel cell. The Company`s Web site address is www.stuartenergy.com. Grant of US patent lifts Stuart Energy Systems shares
TORONTO, Nov 27 (Reuters) - Shares of Stuart Energy Systems (Toronto:HHO.TO - news) rose as much as 11 percent on Monday after the firm said the U.S. patent office granted it a patent that reduces the size and cost, and raises the efficiency of its hydrogen refueling systems.
Toronto-based Stuart, which is in a joint venture with Hong Kong billionaire Li ki-shing`s Cheung Kong Infrastructure, is developing a hydrogen fueling system for use in automobiles that will be powered by fuel cells.
Fuel Cells use hydrogen, methanol or natural gas as a fuel to create an electrochemical reaction and produce power with low or zero emissions.
Stuart said U.S. patent No. 6146518 allows it to reduce the size of its refueling system by 30-50 percent because of refinements to the machines` level sensing control that is responsible for controlling how much hydrogen is produced.
The patent covers the units` gas separation device that is used to trap hydrogen, and effectively eliminates space consuming auxiliary controls, said Stuart.
The company`s shares were up C$1.10 at C$12.35 on the Toronto Stock Exchange on Monday, but are still less than half their early-October initial public offering price of C$26.
Other fuel cell stocks were performing well on Monday with Ballard Power Systems Inc. BLD.TO> up 7 percent at C$126.90 and Plug Power Inc (NasdaqNM:PLUG - news) gaining $1 1/2 to $18.
Alternative energy companies has suffered lately as the sector`s champion, U.S. Vice-President Al Gore looks increasingly unlikely to win the U.S. Presidency from Governor George W. Bush.
+ 10 %
Es geht wieder Aufwärts : Substanz entscheidet !
Congressman Buck McKeon
on Hydrogen Energy
December 22, 2000 Valencia, CA - CHBC
"The current energy crisis impacting nationally and being felt here in California can be addressed in part with hydrogen energy and fuel cells. I was meeting with President-elect Bush yesterday. This is one of his main concerns, is the energy crisis. And he`ll be looking for new ways to meet this crisis."
"On the national front, we see new leadership in Washington being very supportive, as I mentioned, of an extension of the Hydrogen Future Act to pursue America`s continued investment in being positioned as a leader in this efficient, secure energy resource."
Schaun wir mal ob es 1000 % werden 2001 ?!
on Hydrogen Energy
December 22, 2000 Valencia, CA - CHBC
"The current energy crisis impacting nationally and being felt here in California can be addressed in part with hydrogen energy and fuel cells. I was meeting with President-elect Bush yesterday. This is one of his main concerns, is the energy crisis. And he`ll be looking for new ways to meet this crisis."
"On the national front, we see new leadership in Washington being very supportive, as I mentioned, of an extension of the Hydrogen Future Act to pursue America`s continued investment in being positioned as a leader in this efficient, secure energy resource."
Schaun wir mal ob es 1000 % werden 2001 ?!
Noch mehr ?
THE HONORABLE BOB WALKER
Science and Technology Advisor to President-elect G.W. Bush
…..I`ve been a big advocate for some years of the development of a hydrogen economy. As you begin to see brown-outs affecting major segments of the country, as you see people protesting in Europe over gasoline prices, having alternatives to carbon-based fuels doesn`t seem that ridiculous. The advantage to hydrogen is that, because hydrogen is not an energy itself but a carrier of energy, you can utilize all of the advanced concepts that are around toward energy development and use hydrogen, which is non-polluting, as the carrier.
I think, based upon what we`ve seen in the aerospace industry and a number of other places, that there`s real potential in that arena. You now have people like the head of General Motors and the heads of several of the major oil companies now committing themselves to a hydrogen future.
But here`s what begins to happen. Hydrogen will probably be delivered through fuel cells. Fuel cells mean that you no longer have to be tied to a utility to power your home. You can buy your individual fuel cell, much like your air conditioner unit, to supply your own power. Think of the economic impact to a sector that has been heavily regulated and has been in the technological doldrums for 20 or 30 years. All of a sudden, there will be competition, and the only reason people with a fuel cell might be hooked into a utility company would be to sell energy back to the utility. Government and policymakers need to begin to think about what distributed energy might be in terms of a high-tech development that makes perfect sense in a world that`s changing.
Those of you who have had an opportunity to use nanotechnology may understand that those of us who like hydrogen also like nanotechnology because it supplies a storage capacity for hydrogen....
Na so was !
THE HONORABLE BOB WALKER
Science and Technology Advisor to President-elect G.W. Bush
…..I`ve been a big advocate for some years of the development of a hydrogen economy. As you begin to see brown-outs affecting major segments of the country, as you see people protesting in Europe over gasoline prices, having alternatives to carbon-based fuels doesn`t seem that ridiculous. The advantage to hydrogen is that, because hydrogen is not an energy itself but a carrier of energy, you can utilize all of the advanced concepts that are around toward energy development and use hydrogen, which is non-polluting, as the carrier.
I think, based upon what we`ve seen in the aerospace industry and a number of other places, that there`s real potential in that arena. You now have people like the head of General Motors and the heads of several of the major oil companies now committing themselves to a hydrogen future.
But here`s what begins to happen. Hydrogen will probably be delivered through fuel cells. Fuel cells mean that you no longer have to be tied to a utility to power your home. You can buy your individual fuel cell, much like your air conditioner unit, to supply your own power. Think of the economic impact to a sector that has been heavily regulated and has been in the technological doldrums for 20 or 30 years. All of a sudden, there will be competition, and the only reason people with a fuel cell might be hooked into a utility company would be to sell energy back to the utility. Government and policymakers need to begin to think about what distributed energy might be in terms of a high-tech development that makes perfect sense in a world that`s changing.
Those of you who have had an opportunity to use nanotechnology may understand that those of us who like hydrogen also like nanotechnology because it supplies a storage capacity for hydrogen....
Na so was !
@Chartjunkie: Man kann tatsächlich Wasserstoff aus Leitungswasser machen. Haben wir auch schon im Chemieunterricht damals gemacht:-) Lustig, wenns dann knallt. Das Verfahren ist schon lange bekannt und nennt sich Elektrolyse. Das Problem liegt auch nicht in der Herstellung, sondern im sicheren Transport des Wasserstoffs. Und zum Beispiel im Tanken etc. Ich würde aber auch nicht unbedingt auf einen Gaslieferanten setzen. Wie gesagt ist die Produktion nicht das Problem, sondern das Handling!
Friday January 5, 12:10 pm Eastern Time
Press Release
SOURCE: Stuart Energy Systems Corporation
Stuart Energy Receives Additional Orders For Packaged Hydrogen Generators
TORONTO, Jan. 5 /CNW/ - Stuart Energy Systems (TSE: HHO - news), a leading developer of hydrogen generation and supply systems, announced today that it has received an order from a repeat customer, Vaisala Oyj of Finland, for 2 additional hydrogen generators to be added to existing production schedules. The first prototype of this product was field tested by the customer less than 2 years ago. To date Vaisala, the world`s largest supplier of meteorological equipment, has placed orders for 14 units. These packaged industrial systems incorporate Stuart`s latest commercially available technology, the DEP(TM) electrolyser.
"Our business plan goals include commercialization of packaged hydrogen generators and supply systems," said Andrew Stuart, President and CEO of Stuart Energy Systems. "We are introducing hydrogen generators into industrial markets. These hydrogen markets provide us the opportunity to develop revenue, manufacturing know-how and field experience with our new technology, in advance of future transportation and regenerative power markets."
"While historically our orders have been for un-packaged customized hydrogen generation equipment, the DEP(TM) technology has enabled significant standardization of the product design and allowed us to establish a manufacturing line for this particular hydrogen generator," commented John McEwen, Director of Manufacturing.
Stuart Energy Systems
Stuart Energy Systems Corporation (TSE: HHO - news) is a leading developer and supplier of hydrogen generation and supply systems, with offices in Canada and the United States. These systems incorporate proprietary water electrolysis technology designed to serve the industrial hydrogen market and the emerging hydrogen fuel market for transportation and regenerative electric power applications. This market has been enabled by the development of electric power technologies such as the hydrogen fuel cell. The Company`s Web site address is www.stuartenergy.com.
Certain expectations and projections regarding the future performance of
Stuart Energy Systems discussed in this Press Release are forward-looking
and made under the "safe harbour" provisions of the Private Securities
Litigation Reform Act of 1995. These expectations are based on the
Company`s operating plans and are subject to future events and
uncertainties. Management cautions the reader that the following factors,
among others, may cause Stuart Energy Systems` plans to differ or results
to vary from those expected, including the impact of competition,
pricing, market demand and marketplace acceptance, inability to complete
development of products and other risks set forth from time to time with
Stuart Energy Systems` filings with various securities commissions.
Stuart Energy Systems undertakes no obligation to publicly release the
results of any revisions to forward-looking statements, which may be made
to reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events. The events highlighted herein
should not be assumed to be events that could affect the future
performance of the Company.
For further information
please contact: Media and Communications - Wanda Cutler, Stuart Energy Systems, (416) 621-9460 x 529
Nancy Evans/Neil Levine, Environics Communications, (416) 920-9000 x 274/259
Investor Relations - Rupert Merer, Stuart Energy Systems, (416) 621-9460 x 766
Press Release
SOURCE: Stuart Energy Systems Corporation
Stuart Energy Receives Additional Orders For Packaged Hydrogen Generators
TORONTO, Jan. 5 /CNW/ - Stuart Energy Systems (TSE: HHO - news), a leading developer of hydrogen generation and supply systems, announced today that it has received an order from a repeat customer, Vaisala Oyj of Finland, for 2 additional hydrogen generators to be added to existing production schedules. The first prototype of this product was field tested by the customer less than 2 years ago. To date Vaisala, the world`s largest supplier of meteorological equipment, has placed orders for 14 units. These packaged industrial systems incorporate Stuart`s latest commercially available technology, the DEP(TM) electrolyser.
"Our business plan goals include commercialization of packaged hydrogen generators and supply systems," said Andrew Stuart, President and CEO of Stuart Energy Systems. "We are introducing hydrogen generators into industrial markets. These hydrogen markets provide us the opportunity to develop revenue, manufacturing know-how and field experience with our new technology, in advance of future transportation and regenerative power markets."
"While historically our orders have been for un-packaged customized hydrogen generation equipment, the DEP(TM) technology has enabled significant standardization of the product design and allowed us to establish a manufacturing line for this particular hydrogen generator," commented John McEwen, Director of Manufacturing.
Stuart Energy Systems
Stuart Energy Systems Corporation (TSE: HHO - news) is a leading developer and supplier of hydrogen generation and supply systems, with offices in Canada and the United States. These systems incorporate proprietary water electrolysis technology designed to serve the industrial hydrogen market and the emerging hydrogen fuel market for transportation and regenerative electric power applications. This market has been enabled by the development of electric power technologies such as the hydrogen fuel cell. The Company`s Web site address is www.stuartenergy.com.
Certain expectations and projections regarding the future performance of
Stuart Energy Systems discussed in this Press Release are forward-looking
and made under the "safe harbour" provisions of the Private Securities
Litigation Reform Act of 1995. These expectations are based on the
Company`s operating plans and are subject to future events and
uncertainties. Management cautions the reader that the following factors,
among others, may cause Stuart Energy Systems` plans to differ or results
to vary from those expected, including the impact of competition,
pricing, market demand and marketplace acceptance, inability to complete
development of products and other risks set forth from time to time with
Stuart Energy Systems` filings with various securities commissions.
Stuart Energy Systems undertakes no obligation to publicly release the
results of any revisions to forward-looking statements, which may be made
to reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events. The events highlighted herein
should not be assumed to be events that could affect the future
performance of the Company.
For further information
please contact: Media and Communications - Wanda Cutler, Stuart Energy Systems, (416) 621-9460 x 529
Nancy Evans/Neil Levine, Environics Communications, (416) 920-9000 x 274/259
Investor Relations - Rupert Merer, Stuart Energy Systems, (416) 621-9460 x 766
Thursday January 18, 2:38 pm Eastern Time
Press Release
SOURCE: Stuart Energy Systems Corp.
Stuart Energy Receives Order For TTR Hydrogen Generator
TORONTO, Jan. 18 /CNW/ - Stuart Energy Systems (TSE: HHO - news), a leading developer of hydrogen generation and supply systems, announced today that it has received an order for an Electrolyser TTR unit, from BOC Gases (BOC), part of The BOC Group, one of the world`s largest industrial gas companies. BOC has purchased a unit with a capacity of 1350 standard cubic feet per hour of hydrogen.
"This sale demonstrates the acceptance of the TTR by industrial gas companies for on-site hydrogen production from a cost analysis and reliability perspective," commented Ayman Monged, Vice President of Sales. "Stuart Energy is well positioned to leverage its existing technology, proven in industrial applications, into broader markets, as anticipated demand for on-site hydrogen production increases."
The TTR is a packaged hydrogen generating system based on Stuart Energy`s latest commercially available technology, the DEP(TM) electrolyser. The TTR product line provides between 225 and 1350 scfh of hydrogen, at various pressures and purities, under a variety of conditions. Based on the scaleable Stuart Energy "H-Series" platform, the TTR industrial hydrogen unit is targeted at customers who require on-site production of hydrogen for processes such as furnace annealing, glass production and manufacturing of edible oil products.
The H-series platform is shared with the Stuart Energy Community Fueler, a prototype for emerging hydrogen markets as a transportation fuel and in regenerative power systems. Deployment of technology into the industrial market enables Stuart Energy to demonstrate technology and improve manufacturing capabilities for the emerging markets.
Stuart Energy Systems
Stuart Energy Systems Corporation (TSE: HHO - news) is a leading developer and manufacturer of hydrogen generation and supply systems, with offices in Canada and the United States. These systems incorporate proprietary water electrolysis technology designed to serve the industrial hydrogen market and the emerging hydrogen fuel market for transportation and regenerative electric power applications. This market has been enabled by the development of electric power technologies such as the hydrogen fuel cell. The Company`s Web site address is www.stuartenergy.com.
Certain expectations and projections regarding the future performance of Stuart Energy Systems discussed in this Press Release are forward-looking and made under the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These expectations are based on the Company`s operating plans and are subject to future events and uncertainties. Management cautions the reader that the following factors, among others, may cause Stuart Energy Systems` plans to differ or results to vary from those expected, including the impact of competition, pricing, market demand and marketplace acceptance, inability to complete development of products and other risks set forth from time to time with Stuart Energy Systems` filings with various securities commissions. Stuart Energy Systems undertakes no obligation to publicly release the results of any revisions to forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The events highlighted herein should not be assumed to be events that could affect the future performance of the Company.
For further information
Media and Communications: Wanda Cutler, Stuart Energy Systems, (416) 621-9460 x 529
Nancy Evans/Neil Levine, Environics Communications, (416) 920-9000 x 274/259
Investor Relations: Rupert Merer, Stuart Energy Systems, (416) 621-9460 x 766
Press Release
SOURCE: Stuart Energy Systems Corp.
Stuart Energy Receives Order For TTR Hydrogen Generator
TORONTO, Jan. 18 /CNW/ - Stuart Energy Systems (TSE: HHO - news), a leading developer of hydrogen generation and supply systems, announced today that it has received an order for an Electrolyser TTR unit, from BOC Gases (BOC), part of The BOC Group, one of the world`s largest industrial gas companies. BOC has purchased a unit with a capacity of 1350 standard cubic feet per hour of hydrogen.
"This sale demonstrates the acceptance of the TTR by industrial gas companies for on-site hydrogen production from a cost analysis and reliability perspective," commented Ayman Monged, Vice President of Sales. "Stuart Energy is well positioned to leverage its existing technology, proven in industrial applications, into broader markets, as anticipated demand for on-site hydrogen production increases."
The TTR is a packaged hydrogen generating system based on Stuart Energy`s latest commercially available technology, the DEP(TM) electrolyser. The TTR product line provides between 225 and 1350 scfh of hydrogen, at various pressures and purities, under a variety of conditions. Based on the scaleable Stuart Energy "H-Series" platform, the TTR industrial hydrogen unit is targeted at customers who require on-site production of hydrogen for processes such as furnace annealing, glass production and manufacturing of edible oil products.
The H-series platform is shared with the Stuart Energy Community Fueler, a prototype for emerging hydrogen markets as a transportation fuel and in regenerative power systems. Deployment of technology into the industrial market enables Stuart Energy to demonstrate technology and improve manufacturing capabilities for the emerging markets.
Stuart Energy Systems
Stuart Energy Systems Corporation (TSE: HHO - news) is a leading developer and manufacturer of hydrogen generation and supply systems, with offices in Canada and the United States. These systems incorporate proprietary water electrolysis technology designed to serve the industrial hydrogen market and the emerging hydrogen fuel market for transportation and regenerative electric power applications. This market has been enabled by the development of electric power technologies such as the hydrogen fuel cell. The Company`s Web site address is www.stuartenergy.com.
Certain expectations and projections regarding the future performance of Stuart Energy Systems discussed in this Press Release are forward-looking and made under the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These expectations are based on the Company`s operating plans and are subject to future events and uncertainties. Management cautions the reader that the following factors, among others, may cause Stuart Energy Systems` plans to differ or results to vary from those expected, including the impact of competition, pricing, market demand and marketplace acceptance, inability to complete development of products and other risks set forth from time to time with Stuart Energy Systems` filings with various securities commissions. Stuart Energy Systems undertakes no obligation to publicly release the results of any revisions to forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The events highlighted herein should not be assumed to be events that could affect the future performance of the Company.
For further information
Media and Communications: Wanda Cutler, Stuart Energy Systems, (416) 621-9460 x 529
Nancy Evans/Neil Levine, Environics Communications, (416) 920-9000 x 274/259
Investor Relations: Rupert Merer, Stuart Energy Systems, (416) 621-9460 x 766
EU Says OPEC Production Cut May Hurt World Economy
The European Commission said Thursday that OPEC`s decision to cut oil production will risk price hikes, thus hitting the world economy.
"The Commission considers OPEC`s decision of January 17 to reduce oil production by 1.5 million barrels a day risks pushing prices back up, which would have harmful effects on world growth and, in the long term, on the interests of OPEC members," the European Union (EU) executive branch said in a statement.
"It considers, in fact, that such a reduction is likely to be an impediment to the restoration of stocks and will thus increase price volatility," the statement said.
OPEC agreed Wednesday to cut output to 25.2 million barrels a day in an attempt to curb possible price drops. Oil markets, which had expected the move, were stable on Thursday.
The commission said consumer countries were still anxious to create a permanent forum between oil consumer and producing countries, an idea EU Energy Commissioner Loyola de Palacio had promoted at an OPEC meeting in October.
At that time oil prices were soaring well above 30 dollars a barrel, causing a storm of protest by motorists, hauliers and other fuel users that brought several European cities to a standstill.
De Palacio said OPEC`s decision once again highlighted the need for the European Union to adopt an "ambitious" European energy strategy.
"We have to explore ways of making a real European strategy that is more coherent and responsible: that will mean a much more open energy supply and a policy of rationalizing energy consumption, especially in the transport and building sectors," de Palacio said.
The commission would present firmer proposals along these lines in time for a summit of EU leaders in Gothenburg, a Swedish city, on June 15-16, she said.
The policy paper would concentrate on energy saving and on supporting new vehicle technologies, and would contain specific objectives for 2010, she added.
The document would include ideas on promoting alternative fuels for automobiles, such as biofuels, natural gas and hydrogen and would aim for these to gain a 20 percent market share by 2020, said the statement.
Wachen wir doch auf ?!
The European Commission said Thursday that OPEC`s decision to cut oil production will risk price hikes, thus hitting the world economy.
"The Commission considers OPEC`s decision of January 17 to reduce oil production by 1.5 million barrels a day risks pushing prices back up, which would have harmful effects on world growth and, in the long term, on the interests of OPEC members," the European Union (EU) executive branch said in a statement.
"It considers, in fact, that such a reduction is likely to be an impediment to the restoration of stocks and will thus increase price volatility," the statement said.
OPEC agreed Wednesday to cut output to 25.2 million barrels a day in an attempt to curb possible price drops. Oil markets, which had expected the move, were stable on Thursday.
The commission said consumer countries were still anxious to create a permanent forum between oil consumer and producing countries, an idea EU Energy Commissioner Loyola de Palacio had promoted at an OPEC meeting in October.
At that time oil prices were soaring well above 30 dollars a barrel, causing a storm of protest by motorists, hauliers and other fuel users that brought several European cities to a standstill.
De Palacio said OPEC`s decision once again highlighted the need for the European Union to adopt an "ambitious" European energy strategy.
"We have to explore ways of making a real European strategy that is more coherent and responsible: that will mean a much more open energy supply and a policy of rationalizing energy consumption, especially in the transport and building sectors," de Palacio said.
The commission would present firmer proposals along these lines in time for a summit of EU leaders in Gothenburg, a Swedish city, on June 15-16, she said.
The policy paper would concentrate on energy saving and on supporting new vehicle technologies, and would contain specific objectives for 2010, she added.
The document would include ideas on promoting alternative fuels for automobiles, such as biofuels, natural gas and hydrogen and would aim for these to gain a 20 percent market share by 2020, said the statement.
Wachen wir doch auf ?!
Wednesday January 31, 9:41 am Eastern Time
Press Release
SOURCE: Stuart Energy Systems Corp.
Stuart Energy Partners With BC Hydro to Advance Hydrogen-fueling Technology
TORONTO, Jan. 31 /CNW/ - Stuart Energy Systems (TSE: HHO - news), a leading developer of hydrogen generation and supply systems, and BC Hydro, British Columbia`s provincial electric utility, announced today that they have signed a Memorandum of Understanding to jointly develop a hydrogen infrastructure demonstration project. The planned project will demonstrate the benefits of compressed hydrogen as a vehicle fuel, and water electrolysis as the preferred technology for generating that hydrogen. The planned project will be based at BC Hydro`s Powertech Labs facility in Surrey, British Columbia, and use a Stuart Energy on-site electrolysis hydrogen fuel appliance.
"We plan to show that hydrogen can be a viable vehicle fuel and that Stuart Energy`s technology provides a ready infrastructure solution," commented Andrew Stuart, President and CEO of Stuart Energy Systems. "Our hydrogen fuel appliance products are safe, compact and easy to use. Working with our partner BC Hydro we intend to demonstrate this to the market."
This project will represent Stuart Energy`s second vehicle filling demonstration project with BC Hydro. From 1998-2000, Stuart participated in a successful two-year vehicle-fueling project with BC Hydro, XCELLSIS and Natural Resources Canada. Over the two-year period, Stuart successfully fueled three fuel cell buses in revenue service at Coast Mountain Transit, for which BC Hydro provided the electrical power to produce the hydrogen. The Community Fueler, the prototype scheduled for delivery to Powertech this year, incorporates Stuart`s proprietary DEP(TM) water electrolysis technology and represents a 100% increase in power density from the prototype used in the previous project.
Stuart Energy Systems
Stuart Energy Systems Corporation (TSE: HHO - news) is a leading developer and supplier of hydrogen generation and supply systems, with offices in Canada and the United States. These systems incorporate proprietary water electrolysis technology designed to serve the industrial hydrogen market and the emerging hydrogen fuel market for transportation and regenerative electric power applications. This market has been enabled by the development of electric power technologies such as the hydrogen fuel cell. The Company`s Web site address is www.stuartenergy.com.
Certain expectations and projections regarding the future performance of Stuart Energy Systems discussed in this Press Release are forward-looking and made under the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These expectations are based on the Company`s operating plans and are subject to future events and uncertainties. Management cautions the reader that the following factors, among others, may cause Stuart Energy Systems` plans to differ or results to vary from those expected, including the impact of competition, pricing, market demand and marketplace acceptance, inability to complete development of products and other risks set forth from time to time with Stuart Energy Systems` filings with various securities commissions. Stuart Energy Systems undertakes no obligation to publicly release the results of any revisions to forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The events highlighted herein should not be assumed to be events that could affect the future performance of the Company.
For further information
Media and Communications: Wanda Cutler, Stuart Energy Systems, (416) 621-9460 x 529
Nancy Evans/Neil Levine, Environics Communications, (416) 920-9000 x 274/259
Investor Relations: Rupert Merer, Stuart Energy Systems, (416) 621-9460 x 766
Elisha Odowichuk, BC Hydro, (604) 623-4099/(604) 230-5578
Anschnallen !
Press Release
SOURCE: Stuart Energy Systems Corp.
Stuart Energy Partners With BC Hydro to Advance Hydrogen-fueling Technology
TORONTO, Jan. 31 /CNW/ - Stuart Energy Systems (TSE: HHO - news), a leading developer of hydrogen generation and supply systems, and BC Hydro, British Columbia`s provincial electric utility, announced today that they have signed a Memorandum of Understanding to jointly develop a hydrogen infrastructure demonstration project. The planned project will demonstrate the benefits of compressed hydrogen as a vehicle fuel, and water electrolysis as the preferred technology for generating that hydrogen. The planned project will be based at BC Hydro`s Powertech Labs facility in Surrey, British Columbia, and use a Stuart Energy on-site electrolysis hydrogen fuel appliance.
"We plan to show that hydrogen can be a viable vehicle fuel and that Stuart Energy`s technology provides a ready infrastructure solution," commented Andrew Stuart, President and CEO of Stuart Energy Systems. "Our hydrogen fuel appliance products are safe, compact and easy to use. Working with our partner BC Hydro we intend to demonstrate this to the market."
This project will represent Stuart Energy`s second vehicle filling demonstration project with BC Hydro. From 1998-2000, Stuart participated in a successful two-year vehicle-fueling project with BC Hydro, XCELLSIS and Natural Resources Canada. Over the two-year period, Stuart successfully fueled three fuel cell buses in revenue service at Coast Mountain Transit, for which BC Hydro provided the electrical power to produce the hydrogen. The Community Fueler, the prototype scheduled for delivery to Powertech this year, incorporates Stuart`s proprietary DEP(TM) water electrolysis technology and represents a 100% increase in power density from the prototype used in the previous project.
Stuart Energy Systems
Stuart Energy Systems Corporation (TSE: HHO - news) is a leading developer and supplier of hydrogen generation and supply systems, with offices in Canada and the United States. These systems incorporate proprietary water electrolysis technology designed to serve the industrial hydrogen market and the emerging hydrogen fuel market for transportation and regenerative electric power applications. This market has been enabled by the development of electric power technologies such as the hydrogen fuel cell. The Company`s Web site address is www.stuartenergy.com.
Certain expectations and projections regarding the future performance of Stuart Energy Systems discussed in this Press Release are forward-looking and made under the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These expectations are based on the Company`s operating plans and are subject to future events and uncertainties. Management cautions the reader that the following factors, among others, may cause Stuart Energy Systems` plans to differ or results to vary from those expected, including the impact of competition, pricing, market demand and marketplace acceptance, inability to complete development of products and other risks set forth from time to time with Stuart Energy Systems` filings with various securities commissions. Stuart Energy Systems undertakes no obligation to publicly release the results of any revisions to forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The events highlighted herein should not be assumed to be events that could affect the future performance of the Company.
For further information
Media and Communications: Wanda Cutler, Stuart Energy Systems, (416) 621-9460 x 529
Nancy Evans/Neil Levine, Environics Communications, (416) 920-9000 x 274/259
Investor Relations: Rupert Merer, Stuart Energy Systems, (416) 621-9460 x 766
Elisha Odowichuk, BC Hydro, (604) 623-4099/(604) 230-5578
Anschnallen !
USA: Null-Emissions-Regeln für Fahrzeuge verschärft
Das California Air Resources Board (ARB)hat die Regeln für die Einführung von Null-Emissions-Fahrzeugen ab 2003 modifiziert. Die neuen Regeln sehen vor, dass die Autohersteller in Kalifornien 4.450 Elektrofahrzeuge im Jahr 2003 sowie weitere 100.000 Autos in Form von Hybridfahrzeugen oder Fahrzeuge mit extrem niedrigen Emissionen verkaufen müssen. Die Auflage für den Verkauf von Fahrzeugen mit sehr geringen Emissionen steigt bis zum Jahr 2006 von 100.000 auf 400.000 Fahrzeuge.
© IWR
Und wer baut dafür die Infrastruktur ! u.a. Stuart energy
Das California Air Resources Board (ARB)hat die Regeln für die Einführung von Null-Emissions-Fahrzeugen ab 2003 modifiziert. Die neuen Regeln sehen vor, dass die Autohersteller in Kalifornien 4.450 Elektrofahrzeuge im Jahr 2003 sowie weitere 100.000 Autos in Form von Hybridfahrzeugen oder Fahrzeuge mit extrem niedrigen Emissionen verkaufen müssen. Die Auflage für den Verkauf von Fahrzeugen mit sehr geringen Emissionen steigt bis zum Jahr 2006 von 100.000 auf 400.000 Fahrzeuge.
© IWR
Und wer baut dafür die Infrastruktur ! u.a. Stuart energy
!
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News from Iceland --
This month, Iceland New Energy, a international consortium that includes Norway`s Norsk Hydro, Shell Hydrogen, Daimler Chrysler and Iceland`s energy holding company Vistorka, officially launched two projects aimed at promoting hydrogen as an energy source. One four-year program will introduce three buses powered by hydrogen fuel cells into Reykjavik`s city transport fleet. The first two years of the project will focus on environmental research, building up infrastructure and staff training. The buses, produced by Daimler Chrysler at $1.1 million apiece, are scheduled to go into regular service at the end of next year, spearheading a gradual switch of the nation`s 180,000 vehicles and 2,500 fishing vessels to hydrogen power.
Man kann nur hoffen, daß die Amis den Umwelt- GAU Bush jr.wieder auf seine Texas Range schicken um Rinder zu züchten !
Ansonsten sehe ich oel-schwarz
Mein Gott ! Was wäre mit Gore jetzt schon möglich gewesen !
This month, Iceland New Energy, a international consortium that includes Norway`s Norsk Hydro, Shell Hydrogen, Daimler Chrysler and Iceland`s energy holding company Vistorka, officially launched two projects aimed at promoting hydrogen as an energy source. One four-year program will introduce three buses powered by hydrogen fuel cells into Reykjavik`s city transport fleet. The first two years of the project will focus on environmental research, building up infrastructure and staff training. The buses, produced by Daimler Chrysler at $1.1 million apiece, are scheduled to go into regular service at the end of next year, spearheading a gradual switch of the nation`s 180,000 vehicles and 2,500 fishing vessels to hydrogen power.
Man kann nur hoffen, daß die Amis den Umwelt- GAU Bush jr.wieder auf seine Texas Range schicken um Rinder zu züchten !
Ansonsten sehe ich oel-schwarz
Mein Gott ! Was wäre mit Gore jetzt schon möglich gewesen !
US Department of Energy Proclaims Stuart Energy "Clean Air Champion"
TORONTO, May 2 /CNW/ - Stuart Energy Systems (TSE: HHO - news), a leading developer of hydrogen generation and supply systems, announced today that it has received a proclamation from the U.S. Department of Energy`s Clean Cities Program. The proclamation acknowledges Stuart Energy`s efforts in demonstrating hydrogen generation in the Coachella Valley and supporting SunLine Transit Agency`s Clean Air Education Program. The Coachella Valley Clean Cities Coalition has proclaimed Stuart Energy a Clean Air Champion.
The mission of the Coachella Valley Clean Cities Region is to improve community health by increasing the use of clean-fueled vehicles and to educate the general public about the health benefits associated with these vehicles. SunLine Transit Agency has located a Stuart Bus Fueler at their Thousand Palms site. The Bus Fueler generates hydrogen for an XCELLSIS fuel cell bus as well as other clean vehicles using hydrogen. The Stuart hydrogen facility located at SunLine is the first public access hydrogen station in the United States.
"We thank the Department of Energy`s Clean Cities Program for promoting the benefits of hydrogen. The Program`s mission to educate the public and improve the air quality is congruent with our own, and we are delighted to be recognized for our efforts," said Andrew Stuart President and CEO of Stuart Energy Systems.
Stuart Energy Systems
Stuart Energy Systems Corporation (TSE: HHO - news) is a leading developer and supplier of hydrogen generation and supply systems, with offices in Canada and the United States. These systems incorporate proprietary water electrolysis technology designed to serve the industrial hydrogen market and the emerging hydrogen fuel market for transportation and regenerative electric power applications. The market for hydrogen fuel has been enabled by the development of electric power technologies such as the hydrogen fuel cell. The Company`s Web site address is www.stuartenergy.com.
Certain expectations and projections regarding the future performance of Stuart Energy Systems discussed in this Press Release are forward-looking and made under the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These expectations are based on the Company`s operating plans and are subject to future events and uncertainties. Management cautions the reader that the following factors, among others, may cause Stuart Energy Systems` plans to differ or results to vary from those expected, including the impact of competition, pricing, market demand and marketplace acceptance, inability to complete development of products and other risks set forth from time to time in Stuart Energy Systems` filings with various securities commissions. There can be no assurance that any anticipated future results will be achieved. Stuart Energy Systems undertakes no obligation to publicly release the results of any revisions to forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
For further information
please contact: Media and Communications - Wanda Cutler, Stuart Energy Systems, (416) 621-9460 x 529
Nancy Evans/Christina Rodmell, Environics Communications, (416) 920-9000 x 274/259
Investor Relations - Rupert Merer, Stuart Energy Systems, (416) 621-9460 x 766
Wahrlich ein Champion !
Nur durch dirty Bush vorläufig gestoppt
TORONTO, May 2 /CNW/ - Stuart Energy Systems (TSE: HHO - news), a leading developer of hydrogen generation and supply systems, announced today that it has received a proclamation from the U.S. Department of Energy`s Clean Cities Program. The proclamation acknowledges Stuart Energy`s efforts in demonstrating hydrogen generation in the Coachella Valley and supporting SunLine Transit Agency`s Clean Air Education Program. The Coachella Valley Clean Cities Coalition has proclaimed Stuart Energy a Clean Air Champion.
The mission of the Coachella Valley Clean Cities Region is to improve community health by increasing the use of clean-fueled vehicles and to educate the general public about the health benefits associated with these vehicles. SunLine Transit Agency has located a Stuart Bus Fueler at their Thousand Palms site. The Bus Fueler generates hydrogen for an XCELLSIS fuel cell bus as well as other clean vehicles using hydrogen. The Stuart hydrogen facility located at SunLine is the first public access hydrogen station in the United States.
"We thank the Department of Energy`s Clean Cities Program for promoting the benefits of hydrogen. The Program`s mission to educate the public and improve the air quality is congruent with our own, and we are delighted to be recognized for our efforts," said Andrew Stuart President and CEO of Stuart Energy Systems.
Stuart Energy Systems
Stuart Energy Systems Corporation (TSE: HHO - news) is a leading developer and supplier of hydrogen generation and supply systems, with offices in Canada and the United States. These systems incorporate proprietary water electrolysis technology designed to serve the industrial hydrogen market and the emerging hydrogen fuel market for transportation and regenerative electric power applications. The market for hydrogen fuel has been enabled by the development of electric power technologies such as the hydrogen fuel cell. The Company`s Web site address is www.stuartenergy.com.
Certain expectations and projections regarding the future performance of Stuart Energy Systems discussed in this Press Release are forward-looking and made under the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These expectations are based on the Company`s operating plans and are subject to future events and uncertainties. Management cautions the reader that the following factors, among others, may cause Stuart Energy Systems` plans to differ or results to vary from those expected, including the impact of competition, pricing, market demand and marketplace acceptance, inability to complete development of products and other risks set forth from time to time in Stuart Energy Systems` filings with various securities commissions. There can be no assurance that any anticipated future results will be achieved. Stuart Energy Systems undertakes no obligation to publicly release the results of any revisions to forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
For further information
please contact: Media and Communications - Wanda Cutler, Stuart Energy Systems, (416) 621-9460 x 529
Nancy Evans/Christina Rodmell, Environics Communications, (416) 920-9000 x 274/259
Investor Relations - Rupert Merer, Stuart Energy Systems, (416) 621-9460 x 766
Wahrlich ein Champion !
Nur durch dirty Bush vorläufig gestoppt
U.S. Energy Strategy
Underscores Strategic Potential of Hydrogen
The National Energy Policy report submitted yesterday by Vice President Cheney to President Bush included several recommendations highlighting the strategic role of hydrogen fuel. The report recommends that the President:
- direct the Secretary of Energy to develop next-generation technology including hydrogen;
- focus research and development efforts on integrating current programs regarding hydrogen, fuel cells and distributed energy;
- provide a temporary income tax credit available for the purchase of new hybrid or fuel-cell vehicles between 2002 and 2007;
- make numerous recommendations which support renewable electricity production and enhanced electrical grid development; and
- develop an education campaign that communicates the benefits of alternative forms of energy including hydrogen.
"These are very positive steps towards bringing hydrogen forward as a fuel for transportation and regenerative applications. The Stuart method of providing distributed hydrogen generation and supply using our proprietary hydrogen fuel appliances could play a major role in the US strategy. The fact that energy security and energy policies -- including renewable electricity and alternative fuels -- are on the political agenda is very encouraging. We are pleased the report recognizes that hydrogen can be produced from water, that the energy for extracting hydrogen could be derived from renewable sources, and that hydrogen could be part of a distributed energy infrastructure."
Andrew Stuart, President and CEO
of Stuart Energy Systems
The report also notes that transporting and storing hydrogen are challenges that need to be overcome. The focus of Stuart Energy`s recent efforts has been the development of hydrogen fuel appliances that can produce high-quality hydrogen on the spot from water and electricity eliminating the need to transport hydrogen and substantially reducing storage challenges. These appliances can be used to fuel hydrogen-powered fuel cell or internal combustion engine vehicles. A number of major vehicle manufacturers, including Ford, GM, Honda, DaimlerChrysler and others, have already built such hydrogen fuel cell vehicles.
Stuart`s technology has also fueled hydrogen-powered transit buses as part of a two-year program in Vancouver, B.C., as well as an ongoing program in Thousands Palms, California. Stuart Energy Systems (TSE:HHO), has been actively working with the U.S. Department of Energy, the California Fuel Cell Partnership, B.C. Hydro, Natural Resources Canada, Industry Canada, the National Research Council`s Fuel Cell Technology Centre, and many others on implementations, demonstrations, and testing of practical hydrogen fueling options for vehicles and for regenerative applications in North America.
Stuart Energy Systems/PRNewswire May 18, 2001
Underscores Strategic Potential of Hydrogen
The National Energy Policy report submitted yesterday by Vice President Cheney to President Bush included several recommendations highlighting the strategic role of hydrogen fuel. The report recommends that the President:
- direct the Secretary of Energy to develop next-generation technology including hydrogen;
- focus research and development efforts on integrating current programs regarding hydrogen, fuel cells and distributed energy;
- provide a temporary income tax credit available for the purchase of new hybrid or fuel-cell vehicles between 2002 and 2007;
- make numerous recommendations which support renewable electricity production and enhanced electrical grid development; and
- develop an education campaign that communicates the benefits of alternative forms of energy including hydrogen.
"These are very positive steps towards bringing hydrogen forward as a fuel for transportation and regenerative applications. The Stuart method of providing distributed hydrogen generation and supply using our proprietary hydrogen fuel appliances could play a major role in the US strategy. The fact that energy security and energy policies -- including renewable electricity and alternative fuels -- are on the political agenda is very encouraging. We are pleased the report recognizes that hydrogen can be produced from water, that the energy for extracting hydrogen could be derived from renewable sources, and that hydrogen could be part of a distributed energy infrastructure."
Andrew Stuart, President and CEO
of Stuart Energy Systems
The report also notes that transporting and storing hydrogen are challenges that need to be overcome. The focus of Stuart Energy`s recent efforts has been the development of hydrogen fuel appliances that can produce high-quality hydrogen on the spot from water and electricity eliminating the need to transport hydrogen and substantially reducing storage challenges. These appliances can be used to fuel hydrogen-powered fuel cell or internal combustion engine vehicles. A number of major vehicle manufacturers, including Ford, GM, Honda, DaimlerChrysler and others, have already built such hydrogen fuel cell vehicles.
Stuart`s technology has also fueled hydrogen-powered transit buses as part of a two-year program in Vancouver, B.C., as well as an ongoing program in Thousands Palms, California. Stuart Energy Systems (TSE:HHO), has been actively working with the U.S. Department of Energy, the California Fuel Cell Partnership, B.C. Hydro, Natural Resources Canada, Industry Canada, the National Research Council`s Fuel Cell Technology Centre, and many others on implementations, demonstrations, and testing of practical hydrogen fueling options for vehicles and for regenerative applications in North America.
Stuart Energy Systems/PRNewswire May 18, 2001
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