Contract Win
June 01 2006 - 3:01AM
UK Regulatory
RNS Number:8707D
QuestAir Technologies Inc
01 June 2006
For Immediate Release 1 June, 2006
QuestAir signs agreement to supply hydrogen purification systems to Nuvera
VANCOUVER, B.C. - QuestAir Technologies Inc. (AIM: QAR; TSX: QAR) has signed an
agreement, valued at up to US$700,000, to supply its H-3300 hydrogen purifiers
to Nuvera Fuel Cells ("Nuvera") through 2008. QuestAir also received a purchase
order from Nuvera for initial delivery of H-3300 units later this year.
Under the terms of the preferred supplier agreement, QuestAir's H-3300 pressure
swing adsorption ("PSA") systems will be integrated into Nuvera's PowerTapTM
branded hydrogen generators. The PowerTap(TM)converts widely available fuels such
as natural gas and liquefied petroleum gas ("LPG") to hydrogen. QuestAir's
H-3300 will purify the hydrogen product to the demanding purity specifications
required for fuel cell markets.
Jonathan Wilkinson, President and CEO of QuestAir said that Nuvera's PowerTapTM
hydrogen generator will provide hydrogen fuel for fuel cell powered industrial
vehicles such as forklifts and airport ground support vehicles.
"Fuel cells offer a compelling value proposition as a replacement for lead acid
batteries in forklifts and other industrial vehicles, and we expect that these
markets will be aggressive early adopters of fuel cell technology."
"The supply of cost-effective hydrogen fuel at the distribution centers or work
sites where these vehicles are used is clearly a challenge. Nuvera's PowerTapTM
hydrogen generator, including QuestAir's H-3300, provides a compact, cost
effective solution for the distributed generation of this hydrogen fuel," said
Wilkinson.
Roberto Cordaro, President and CEO of Nuvera Fuel Cells said, "QuestAir has a
demonstrated track record in the supply of market-leading hydrogen purification
systems, and has met or exceeded product specifications and delivery schedules
on PSA systems supplied to Nuvera to date. QuestAir's H-3300 PSA system offers
superior performance and a compact design which is ideally suited to the
requirements of our PowerTap(TM)hydrogen generator."
In 2004 Nuvera launched the PowerFlow(TM)range of fuel cell power modules for
industrial vehicles used in material handling, airport ground support, turf
care, construction and forestry. The PowerTap(TM)hydrogen generator will be
offered as an integrated solution for generating and dispensing hydrogen fuel to
customers and users of Nuvera's PowerFlow(TM)fuel cell products.
About QuestAir H-3300
QuestAir's H-3300 PSA product offers a compact and low cost hydrogen
purification solution for small capacity hydrogen generation systems. The H-3300
incorporates QuestAir's proprietary PSA process and rotary valve technology, and
has hydrogen product capacity of up to 30 normal cubic meters per hour ("NCMH"),
at hydrogen product purities of 99.999% or greater.
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".
About Nunera
Nuvera Fuel Cells (www.nuvera.com) is a leading designer, developer and
manufacturer of fuel cell power systems for the automotive, distributed
generation, commercial, and industrial markets. Since 1992, its fuel processors,
fuel cell stacks and power systems have been successfully tested and evaluated
by major automobile and appliance manufacturers, research institutions,
telecommunications organizations, and industrial and energy companies and
end-use customers. Nuvera Fuel Cells operates facilities in Cambridge, MA in the
U.S. and in Milan, Italy, where its manufacturing operation is ISO 9001:2000
certified.
Forward Looking Statements
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.
Contact Information:
QuestAir Technologies Inc.
Andrew Hall
Director, Corporate Development and External Communications
Phone: (001) 604-453-6967
Email: hall@questairinc.com
www.questairinc.com
UK media contact: Canadian media contact:
Charles Ryland Terry Foster
Ben Willey James Hoggan & Associates
Ben Romney Phone: (001) 604-739-7500
Buchanan Communications
Phone: 020 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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