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RenewableEnergyStocks.com Reports: “New Astris Hydrogen Powered Fuel Cell Golf Car Launched at Recent Investment Conference”.
February 7th, 2005
RenewableEnergyStocks.com Reports: “New Astris Hydrogen Powered Fuel Cell Golf Car Launched at Recent Investment Conference”.
POINT ROBERTS, WA. February 7th, 2005 - www.RenewableEnergyStocks.com, a global investor and industry news portal for the renewable and alternative energy sector, reports that featured company, Astris Energi Inc. (OTCBB: ASRNF) launched their new E7 powered fuel cell golf car January 24th, at the Vancouver Investment Conference, demonstrating that their generator model hydrogen powered fuel cell technology works, and that it works in many different mobile applications.
RenewableEnergyStocks.com, a global investor and industry news portal offers research resources, news, exclusive articles, a directory and links to public companies within the renewable energy sector, as well as featured company sponsors.
Current Featured Company:
Astris Energi Inc. (OTCBB: ASRNF) is a late-stage development company that has recently released two highly efficient Alkaline Fuel Cell (AFC) products. The Company’s new POWERSTACK™ MC250 fuel-cell power module has performed up to 60 percent above the original design specifications, and its E8 Portable Generator has a total efficiency of over 50 percent, a figure unequalled by any other device in its class. Astris’ AFCs also have the advantage of being able to start quickly in very cold, even subzero, weather, unlike some PEM (proton exchange membrane) fuel cells. AFCs have long been the power source of choice for NASA because of their performance, reliability and durability. Building on these strong fundamentals Astris has achieved a series of technological breakthroughs, including the elimination of platinum as a catalyst. This significantly reduces the cost of materials required for pre-commercial and commercial production.
Astris is commencing pilot production of its POWERSTACK™ MC250 units this year. This pre-commercial production is essential to introduce the technology to end users and potential marketing or strategic partners. Astris is the only publicly traded company in North America focused exclusively on the alkaline fuel cell. Forecast demand for fuel cells is expected to surpass $30 billion annually worldwide by 2011, representing a projected compound average annual growth rate of 62%!
eResearch analyst report on Astris Energi - http://www.astris.ca/IN/IN-pdf/e-research.pdf
Corporate profile, news and info: www.InvestorIdeas.com/CO/ASRNF/Default.asp
(Astris Energi compensates InvestorIdeas as disclosed below)
Our current list of Renewable/Alternative Energy Stocks is available here: www.RenewableEnergyStocks.com/Companies/RenewableEnergy/Stock_List.asp
(Featured companies compensate InvestorIdeas as disclosed below)
Excerpt from report: “New Astris E7-Powered Golf Car Launched at Vancouver Investment Conference”.
By Brian Noer
February 2005
February 7th, 2005 -- At the recent Vancouver Investment Conference (VIC), Astris announced the launch of their E7 fuel cell powered golf car. The E7 fuel cell generator that is based on Astris’ alkaline fuel cell (AFC) technology is a modular fuel cell solution that is designed as a replacement for existing lead-acid battery packs used in applications such as golf cars, forklifts and other specialty mobile applications. The golf car is an excellent platform on with which to demonstrate the function and added utility gained by replacing the battery with a fuel cell system. "Our near term focus is on the backup power generator market and specialty mobile applications," said Anthony Durkacz, vice president of finance with Astris. "Development of a golf car powered by our fuel cell, demonstrates that our unique technology has a wide range of applications and provides better utility than existing technologies."
Three years ago Astris built the world's
first alkaline fuel cell golf car fuelled by hydrogen. At the VIC the company launched their second generation product. "We have made considerable improvements in the technology and developed a fuel cell engine, or generator, that more than doubled the power of the original," said Durkacz. Astris' next step will be to secure a strategic commercial partner who has experience in taking an advanced prototype and commercializing that product.
"Our technology is ready," said Durkacz. "We are showcasing a technology that has tremendous advantages; is simple in design, has a low cost of materials, and will be cost effective to purchase and operate. We compare very favorably to other low temperature fuel cells which are typically more complicated and contain considerably more expensive materials."
For the complete story, click here:
http://www.renewableenergystocks.com/Companies/RenewableEnergy/Articles/AstrisE7GolfCar.asp
RenewableEnergyStocks.com offers investors research, news and company links within the renewable energy sector. To complement this site, we also feature www.FuelCellCarNews.com to meet the interest in fuel cell technology and the participating public and private companies. InvestorIdeas.com sites do not give specific recommendations, and encourage investors to complete due diligence.
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Compensation Disclosure Specifics: Astris Energi Inc. (OTCBB: ASRNF) - Fifteen hundred dollars per month and fifteen hundred dollars equivalent in shares. Featured Company on www.RenewableEnergyStocks.com
About the author:
RenewableEnergyStocks.com, a global investor and industry news portal offers research resources, news, exclusive articles, a directory and links to public companies within the renewable energy sector, as well as featured company sponsors.
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