Fantastic news for ARGY - looking very positive for early 2005. We should see some investors clammering to get into this lil' gem. Read on....AEC Converts an Internal Combustion Engine Generator to Run on Hydrogen
MONDAY, NOVEMBER 08, 2004 4:01 PM
- BusinessWire
LAS VEGAS, Nov 8, 2004 (BUSINESS WIRE) -- Today, Alternate Energy Corp. (ARGY) (AEC) announced that it has completed the first phase of its back-up power product initiative by successfully converting an Internal Combustion Engine (ICE) generator to run on hydrogen.
Over the past several months, AEC has been focused on the building of demonstrable ICE and Fuel Cell generator sets, fueled by the Company's low-cost, on-demand hydrogen. These units will demonstrate to investors and potential customers AEC's hydrogen flexibility by efficiently supplying both a fuel cell and ICE.
The ICE test was conducted last week at AEC's head office in Burlington, Ontario, where the re-configured generator ran under load, exclusively on hydrogen.
"As we have powered Astris' alkaline fuel cell in Sept, 2003, we also had a requirement to produce a demonstration unit which fueled an ICE generator set running on our low cost, on-demand hydrogen. This 'proof-of-concept' unit will be used to demonstrate that our hydrogen can fuel IC engines as well - a market that represents a quicker time to revenue than the fuel cell. As a result of this timely conversion, our product demonstration schedule will be stepped up to the first few months of 2005," stated Blaine Froats, Chairman of AEC.
AEC does not intend to enter into the manufacturing of hydrogen-run IC engines, but rather to eventually commission an existing manufacturer to build a unit that meets AEC's technology design specifications. This ICE generator was converted purely for testing and demo purposes.
AEC is also expecting delivery of their first alkaline fuel cell this month from Astris Energi, which will also be converted to run on the Company's affordable hydrogen. This means that AEC will have two demonstration units available early in the new year, moving the Company much closer to fulfilling its previously announced marketing initiative to supply complete power unit sets to the back up power marketplace.
"... and now that we have a demonstrable ICE generator set in the making, we will be off to a great start in 2005." We at AEC have been quiet in making any announcements for the past number of months, as we were diligently putting a number of necessary business pieces in place. Now that much has been accomplished, we will be keeping our shareholders informed of the details of our progress going forward," commented Mr. Froats.
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