Re: Contract
February 15 2005 - 2:01AM
UK Regulatory
RNS Number:6000I
QuestAir Technologies Inc
15 February 2005
For Immediate Release 15 February, 2005
QuestAir to supply H-3200 hydrogen purifier to
AC Transit Hydrogen Energy Station
BURNABY, B.C. - QuestAir Technologies Inc. (AIM: QAR; TSX: QAR), a developer and
supplier of advanced gas purification systems for refinery, industrial and fuel
cell markets, announced today that it will supply a H-3200 hydrogen purifier for
use in the AC Transit Hydrogen Energy Station currently being built by
ChevronTexaco Hydrogen Company in Oakland, California. QuestAir's H-3200 will
purify hydrogen generated from natural gas using proprietary small-scale
hydrogen production technologies integrated by ChevronTexaco Technology Ventures
LLC.
Purified hydrogen from the station will fuel AC Transit's fleet of three 40-foot
fuel cell-powered buses, which are expected to enter passenger service in the
fall of 2005 and early 2006, as well as future fleets of light duty fuel cell
vehicles. The station will also have the capability of generating high-quality
electrical power using a stationary fuel cell and excess hydrogen produced by
the station.
Jonathan Wilkinson, President and CEO of QuestAir, said that the AC Transit
hydrogen station will be the seventh hydrogen fueling station in North America
and Japan to incorporate QuestAir's proprietary hydrogen purification
technology.
"QuestAir has developed strong expertise and experience in providing compact,
cost-effective hydrogen purification solutions to hydrogen fueling stations
around the world. The AC Transit station demonstrates the incorporation of
QuestAir's H-3200 hydrogen purifier into ChevronTexaco Technology Ventures'
proprietary integrated technology. Together these technologies have the
potential to cost-effectively generate high-purity hydrogen fuel from natural
gas," Wilkinson said.
QuestAir's H-3200 purifies gas streams containing hydrogen to high-purity
hydrogen for use in industrial processes, hydrogen fueling stations and
stationary fuel cell power plants. The H-3200's optimized Pressure Swing
Adsorption (PSA) process and proprietary rotary valve technology deliver higher
efficiency than conventional PSA systems in a more compact, cost-effective
package. Since the product launch in 2003, QuestAir has sold 24 H-3200 systems
to customers in Europe, Japan and North America.
Certain statements in this press release may constitute ''forward-looking''
statements which involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the
Company, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. When used in this press release, such statements use
such words as "anticipate", "believe", "plan", "estimate", "expect", "intend",
''may'', ''will'' and other similar terminology. These statements reflect
current expectations regarding future events and operating performance and speak
only as of the date of this press release. Forward-looking statements involve
significant risks and uncertainties, should not be read as guarantees of future
performance or results, and will not necessarily be accurate indications of
whether or not such results will be achieved. A number of factors could cause
actual results to differ materially from the results discussed in the
forward-looking statements.
About QuestAir Technologies Inc.
QuestAir Technologies, Inc. is a developer and supplier of proprietary gas
purification systems for several large international markets, including existing
markets such as oil refining, biogas production and natural gas processing, and
emerging markets such as fuel cell power plants and fuel cell vehicle refuelling
stations. The Company has joint development agreements with Exxon Mobil Research
and Engineering Company and Shell Hydrogen, and a collaboration with FuelCell
Energy. QuestAir is based in Burnaby, British Columbia and its shares trade on
the AIM Market of the London Stock Exchange Plc. and on the Toronto Stock
Exchange under the symbol "QAR".
For further information please contact:
QuestAir Technologies Inc.
Andrew Hall
Director, Corporate Development and External Communications
Phone: (001) 604-453-6967
Email: hall@questairinc.com
Web: www.questairinc.com
UK media contact:
Charles Ryland
Ben Willey
Eleanor Williamson
Buchanan Communications
Phone: 020 7466 5000
Canadian media contact:
Pamela Smith
James Hoggan + Associates
Phone: (001) 604-739-7500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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