POWER AIR
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--button_text--
interessant
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witzig
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gut analysiert
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informativ
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Power Air hat ein Generator Entwickelt der mit Zinc/Luft betrieben wird.
Diese Firma steht noch ganz am Anfang. Sind grade dabei mit der
Vermarktung/Produkteinführung zu beginnen.
Finde ich eigentlich ne ganz interessante Idee. Könnte ganz gut von den
hohen Ölpreisen und der Alternativen Energien Welle profitieren.
Kommt bei mir auf die Watch. Mal sehen wie die sich in den nächsten Wochen/Monaten
entwickeln. Ich denke Potenzial ist da!
Was denkt Ihr?
Power Air Corporation (“PAC”) is an alternative energy company,
which holds exclusive worldwide licensing rights for the Zinc
Air Fuel Cell (“ZAFC”). PAC intends to be the first commercially
viable fuel cell company, powering low cost, silent, zero emission
fuel cell based products developed with OEM partners for
portable, stationary, light mobility and transportation markets.
PAC will initially target the Back-up and Emergency Generator
market with both portable units.
The ZAFC was developed at the world-renowned Lawrence
Livermore National Laboratory (“LLNL”) in California. By solving
longstanding issues related to power consistency and by making
their units re-fuelable, the scientists at LLNL developed a power
generation and storage technology that dramatically changes the
competitive landscape for fuel cells.
Investment Highlights
• World-wide market, global interest for portable, stationary, light
mobility and transportation applications.
• Significant competitive advantages over batteries and internal
combustion engines (“ICE”).
• Substantial cost advantages over conventional PEM fuel cells,
with no requirement to use precious metals such as platinum or
ultra pure hydrogen as fuel.
• Business Model leverages existing OEM sales channels.
• Potential applications include portable power packs, emergency
generators, back-up power for telecom and utility sites, UPS for
buildings, data centers, and server rooms, APU’s for RV’s, trucks
and boats, replacement of batteries in forklifts, airport ground
support, scooters, mopeds, golf carts, and other low power, lightduty
vehicles.
• Forecast annual fuel cell market growth rates of >50%.
History
The ZAFC was created by LLNL, using internal support and
additional support from the International Lead Zinc Research
Organization and the U.S. Department of Energy (“DOE”). To date,
over US $8 Million has been invested in the technology. From 1992
to 1997, LLNL and the DOE spent over US $1 million on the original
research concept and development of the ZAFC. More recently
PAC’s largest shareholders – Power Air Dynamics Ltd. (“PADL”) and
Power Air Tech, Inc. (“PAT”) – invested a further US $5 million to
bring the ZAFC to the prototype level.
• LLNL first demonstrated “proof of concept” with a 6 Volt 300 Watt
unit on a Santa Barbara Bus in 1995.
• The ZAFC was independently tested under USABC test
protocols by the Argonne National Laboratory;
• A scaled up PAC Portable 12 Volt 1kW unit was successfully
demonstrated in Beijing, China in 2001.
• The ZAFC was independently valued in excess of US $20 million
in 2004;
In October 2005, PADL and PAT completed a merger and reversed
the company into a publicly traded entity, raising over US $2 million
in new funding to begin commercializing the technology.
• Lower cost components than conventional PEM fuel cells,
including cathode catalysts, and anode current collector.
• PAC’s fuel is not compressed and is readily available; thereby
reducing distribution, storage and siting issues associated with
hydrogen.
• The low cost Portable Emergency Generator (“PEG”) is suitable
for indoor use. It is a zero-emission, durable, light-weight fuel
cell that operates silently and effectively.
• PEG’s can be quickly refueled by an exchange of electrolyte
and/or addition of zinc vs. the much slower electric recharge
required by batteries.
• PAC’s fuel solution allows for continuous operation with the
possibility of refueling under load; the fuel reaction product,
electrolyte saturated with zinc oxide or zincate, can be recycled
for production of new fuel and fresh electrolyte.
• PEG’s are environmentally friendly with no hazardous emissions.
PAC Technology – Inside the ZAFC
The ZAFC is a metal oxide fuel cell using relatively simple physical
chemistry (see figure 1). It uses a combination of atmospheric
oxygen and zinc pellets in a liquid alkaline electrolyte to generate
electricity with by products of zinc oxide and potassium zincates. In
operation, the fuel cell consumes all of the zinc; and is operationally
quiet, providing instantaneous stable electrical energy with zero
greenhouse gas emissions.
The ZAFC single unit (see figure 2) consists of an overlying hopper
connected by conduits to an electrochemical cell. Electrolyte is
flowed upwards through the patented cell design to remove waste
heat and reaction products. The hoppers may be refueled by
flowing slurry of zinc particles and electrolyte in channels above the
cells.
Competitive Advantages
Conventional PEM fuel cells are costly to produce and operate, and
the fuel (hydrogen – an explosive, flammable, compressed gas) is
difficult to distribute, store and site.
PAC’s technology has advantages over batteries and internal
combustion engines not offered by conventional fuel cells:
• The Zinc producer’s materials and recycling expertise and
existing facilities;
By engaging OEM and Zinc partners, PAC will be free to focus on
cost reduction and quality of it’s core technology offering.
PAC Business Model
PAC will focus resources on First to Market applications offering its
exclusive technology to OEM’s serving those markets. The lifetime
and durability requirements for these First to Market applications are
less demanding than those requiring long life time and established
fuel infrastructures.
PAC will support the OEM systems integration/ testing/ product
development/ codes & standards activities and participate with
OEMs in end-user field trials.
PAC will establish low-cost, high volume fuel cell production
capabilities that minimize capital outlay, fast-track products to
market and support the OEM’s in the Distribution and Service of the
end-user products.
Partnering with OEM’s and Zinc producers will reduce the time to
commercialize PAC’s technology by leveraging:
• The OEM’s market intelligence, specifications requirements,
systems integration, and product development expertise;
• The OEM’s customer base for field trials and feedback;
• The OEM’s design, certification, and regulatory expertise;
• The OEM’s marketing, sales, distribution, installation, and
service capabilities;
Markets
Power Air Corporation’s management team has identified numerous
ZAFC opportunities for portable, stationary, light mobility, and
transportation uses. The management team believes the ZAFC can
be the lowest cost fuel cell available. PAC power units are silent,
emissions free, and low in thermal signature – critical properties for
many civilian and military applications.
PAC has identified and investigated the requirements for the
major portable, stationary and transport applications of the ZAFC
technology. After matching the ZAFC’s advantages with these
requirements and considering the size and time-to-market factors,
PAC is focusing initial resources on delivery of one initial module
to market. This module will be targeted to OEMs delivering power
solutions to the portable back-up and emergency power segment.
Traditional Generator Market Sizing
The Generator Market opportunity is immense. According to ABI
Research, world unit sales over a 7 year period (i.e. 2006 to 2012),
total units are forecast at over 11.6 Million units for revenues of
almost $28 Billion US. For portable units, the percentage break-out
by kW size is as follows (source: Frost and Sullivan):
< 600 W - 0.6%
600 W to 1.8 kW - 3.2%
1.8 kW to 3.6 kW - 19.1%
3.6 kW to 6.6 kW - 50.4%
6.6 kW to 9.6 kW - 11.2%
9.6 kW to 15 kW - 15.5%
The PAC Portable (shown as a prototype in figure 6 and
conceptually in figure 7) can be suitable for use both indoors (since
it has no emissions) and outdoors, with appropriate packaging.
PAC intends to address the “sweet spot” (over 70%) of the
traditional Generator Market with PEG configurations from
several hundred watts to under 7 kW. Final product kW size and
specifications will be determined in collaboration with one or more
OEM partners.
A fully-fueled PEG will run continuously at fully rated power.
Following the initial run, the unit can be “re-fueled” by:
• Replacing the PAC Power Cartridge (“PPC”) on top of the unit
and releasing the fuel (Zinc) into the hopper;
• In the case of larger units - replacing one or more of the
electrolyte tanks in the unit
The end-user will determine how much PEG operating time (or Total
Energy) is required, and will store an appropriate amount of fuel
(and electrolyte). Empty PPC’s and used electrolyte tanks will be
deposited at the Fuel Supplier for credit towards new fuel supply.
The Fuel Supplier will accumulate the returned PPC’s and tanks
for return to a central recycling centre which will recycle the ZnO
by-product (via electrolysis) back into pure Zinc and Electrolyte – at
costs far lower than normal Zinc production (recycling patents also
held by PAC).
Target market applications for the PEG are estimated to have an
introductory commercialization requirement of ~$1000 per kW and
mass market requirement of <$500 per kW. PAC’s target of <$200
per kW for it is core stack technology is substantially lower than
conventional fuel cells and market requirements.
• Manufacture high-quality, safe CSA, UL, and/or CE approved
products;
• Reduce cost of goods sold through redesign, parts substitutions
& volume.
PAC expects its first product announcement to occur in Q4/2006.
Substantial unit sales are expected to begin in 2007 and grow
significantly from 2008 to 2010.
New Generator Market – Indoor Sites
widespread. Apartment and home occupants and business workers
are regularly inconvenienced and in fact put into dangerous
situations due to power outages caused by storms and technical
failures. They are forced to cope with no lights, no heat, no
information, spoiled food, and no working appliances or equipment
for hours, days or even weeks at a time. Back-up generators are
the current solution, but these generators cannot be used indoors,
are noisy and polluting, heavy and messy. No back-up solution
is offered for apartment and high-rise buildings unless the whole
building is backed up with a large diesel or natural gas generator.
PAC’s internal research indicates there are over 42 Million potential
sites in North America, and over 500 Million World Wide, for indoor
generators that cannot be addressed using current technology.
As opposed to the traditional generator market (with an installed
base of 13.8 Million), the indoor generator market is a “Greenfield”
opportunity. PAC has determined that the greatest demand in this
segment will be for generators less than 7 kW.
PAC’s patented technology allows a fully charged reserve power
source to sit for lengthy periods unused, and be ready when
needed. The end-user pre-determines the extended run capability
by simply having enough re-cyclable zinc fuel and electrolyte on
hand for the back-up time desired.
PAC Primary Application – Emergency Generators
PAC intends to exploit the shortcomings of the current
generator solution by introducing, with one or more OEMs,
the World’s first re-fuelable portable emergency generator that
can operate indoors, silently, safely and emissions-free.
initial ZAFC-powered PEG will be an emergency and back-up fuel
cell generator unit that can be manually moved to wherever itis
needed, plugging in appliances or equipment as desired.
Forecasts & Objectives
Management’s focus in 2006 will be on prototype and product
development, implementation of OEM Customer field trials,
establishing manufacturing capability, and obtaining Standards/
Regulatory approvals. Critical milestones include:
• Sign collaboration agreement with OEM and/or Zinc partner;
• Build, demonstrate and test PEG prototype;
• Completion of Air Cathode design & cost-reduction;
• Establish manufacturing capability;
• Announce PEG availability and pricing with OEM.
Management’s focus in 2007 will be to:
• Increase unit sales and revenues in the target market
• Sign Agreements with additional OEMs to enter new territories
and explore new end-user applications;
Corporate Information
Headquarters:
Toll Free: +1 866-851-8777
Trading Data Share Structure
Exchange: OTCBB Fully Diluted: 46.0 Million
Directors & Corporate Officers
Dean Haley, COO & Chairman Paul D. Brock, Director
Don Prest, CFO Stephen Harrison, Director
General Inquiries:
info@poweraircorp.comSales / OEM Partners:
oempartners@poweraircorp.comInvestor Inquiries:
investors@poweraircorp.comToll Free: +1 866-734-7026
http://www.poweraircorp.com/docs/pac_summary_011-26-06.pdf
Chart
News:
4/18/2006 11:02:32 AM ET News Release Index
Power Air Commences Demonstrations to Potential Partners
LIVERMORE, Calif., April 18, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Power Air Corporation (OTC Bulletin Board: PWAC) today announced that it has commenced its demonstration program to potential OEM and fuel partners.
Power Air hosted several potential partners at its Livermore, California head office to demonstrate the product capabilities and the commercial opportunity of its exclusive Zinc Air Fuel Cell (ZAFC) technology.
"One of our critical milestones for 2006 is to collaborate with an OEM Partner to develop and commercialize our first end-user product," states Mr. Steve Williams, President and CEO of Power Air. "By partnering with OEM's, Power Air will leverage existing product development, manufacturing, distribution, service and support infrastructures. This will allow Power Air to focus on cost reduction and improvement of the core ZAFC technology."
Power Air demonstrated its ability to provide clean, quiet, extended run power in an indoor environment from a non-flammable, non-explosive, and recyclable fuel supply. While OEM partners are an initial focus, Power Air is also undertaking early discussions with zinc producers.
"Securing a simple fuel supply and recycling process with major zinc providers is important to ensure the fuel distribution infrastructure is in place for end-users," adds Remy Kozak, VP Corporate Development.
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4/3/2006 11:04:39 AM ET News Release Index
Power Air Signs Memorandum of Understanding for Tooling & Manufacturing in Midwest
Power Air Signs Memorandum of Understanding for Tooling & Manufacturing in Midwest
Ticker Symbol: U:PWAC
LIVERMORE, Calif., April 3 /PRNewswire-FirstCall/ -- Power Air Corporation today announced the signing of a Memorandum of Understanding ("MOU") with Mid States Tool and Machine Inc. of Decatur, Indiana.
Under the terms of the MOU, Power Air Corp. ("PAC") and Mid States Tool and Machine Inc. ("Mid States") will work jointly to identify cost-reduction opportunities and tooling requirements for the manufacture of PAC's exclusive patented Zinc Air Fuel Cell ("ZAFC").
"One of our critical milestones for 2006 is to establish a cost-effective manufacturing capability for our Zinc Air Fuel Cell," states Mr. Steve Williams, President and CEO of Power Air. "As a supplier to the US automotive industry, Mid States brings extensive prototyping, tooling, cost-reduction, and manufacturing expertise to PAC's commercialization efforts and enhances our ability to provide low cost power sources for use in OEM end-user products."
"Partnering with Power Air on delivery of their commercialization strategy will allow Mid States to further diversify its client base and participate in what looks to be a huge market opportunity," states Dennis Scheumann, President of Mid States. "The unique characteristics of the ZAFC technology, such as its low operating temperature, allows us to apply our high volume tooling and plastics expertise to reduce the per unit cost."
About Mid States Tool and Machine Inc.
Mid States Tool and Machine Inc. was founded in 1977 around a competence in trimless/flashless rubber molds. They have grown their capabilities to include multiple areas of expertise and now offer many capabilities -- from part design through manufacturing -- to their customer base. Mid States assumes complete design and performance responsibility and builds to tooling specifications using client drawings. Mid States utilizes leading 2D & 3D CAD/CAM design technologies for the development of design data and toolpath generation. (http://www.midstatestool.com)
About Power Air Corporation
Power Air Corporation, with head office in Livermore, California, is engaged in the business of developing, manufacturing and marketing fuel cell based commercial products. Power Air has the exclusive worldwide license to zinc-air fuel cell technology that has been developed at the Department of Energy's Lawrence Livermore National Laboratory, in Livermore, California, for all fields of use (portable, stationary, light mobility and transportation applications) and commercialization.
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3/14/2006 4:58:52 PM ET News Release Index
Canadian Subsidiary Opened at NRC Institute for Fuel Cell Innovation
VANCOUVER, Canada, March 14 /PRNewswire-FirstCall/ -- Power Air Corporation (OTC Bulletin Board: PWAC) today announced the establishment of Power Air (Canada) Corporation at the National Research Council of Canada Institute for Fuel Cell Innovation (NRC-IFCI) facilities.
"Vancouver is an International center of excellence for fuel cell development. It is widely considered to have the World's most advanced cluster of companies and organizations focused on fuel cell technologies," states Mr. Steve Williams, President and CEO of Power Air. "Our presence here allows us to interact with other leading companies and leverage both NRC resources and the vast pool of local talent to reduce our cost and time to market."
NRC-IFCI is a federal research and development lab, which provides research and innovation support in areas critical to the growth of Canada's hydrogen and fuel cell industry. Among its services, the Institute operates an Industry Partnership Facility (IPF), which provides access to NRC-IFCI's leading edge R&D equipment and facilities to companies in this sector. NRC-IFCI also conducts collaborative research with industry partners where there are common technical objectives or where the unique expertise of the Institute provides an effective match for industrial requirements.
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2/27/2006 12:38:56 PM ET
Power Air Becomes Member of US Fuel Cell Council
LIVERMORE, Calif., Feb. 27 /PRNewswire-FirstCall/ -- Power Air Corporation today announced it has joined the US Fuel Cell Council ("USFCC").
"Our membership at the US Fuel Cell Council gives Power Air the opportunity to participate in the development of policies and directions for the fuel cell industry," states Mr. Steve Williams, President and CEO of Power Air. "Power Air joins an elite group of fuel cell producers, major fuel cell suppliers, automakers, universities, fuel cell customers, fuel and energy suppliers, government agencies, and trade associations, who are all dedicated to commercialization of fuel cells in the United States."
"The US Fuel Cell Council is very pleased to have Power Air Corporation join our membership", says John Goodman, President of the USFCC. "We welcome the new perspective that Power Air will bring to the USFCC based on their unique technology." Bob Rose, USFCC Executive Director, adds, "President Bush has set a national goal of replacing more than 75% of US oil imports by 2025. America is on the verge of breakthroughs in advanced energy technologies. Fuel cells can be powered using a number of alternative fuel sources. Zinc is abundant worldwide and has many properties which make it an attractive fuel solution".
The USFCC is an industry association dedicated to fostering the commercialization of fuel cells in the United States. USFCC members include the world's leading fuel cell developers, manufacturers, suppliers and customers. The US Fuel Cell Council provides its members with an opportunity to help shape the programs, policies and practices needed to successfully commercialize fuel cell energy technology.
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2/13/2006 3:18 PM ET News Release Index
Power Air Targets Multi-Billion Dollar Backup Generator Market; Zinc Air Fuel Cell Technology Could Displace Fossil Fuel Based Generators
Power Air Targets Multi-Billion Dollar Backup Generator Market;
Zinc Air Fuel Cell Technology Could Displace
Fossil Fuel Based Generators
Power Air Corporation today makes the following announcement:
“Power Air intends to develop the World’s first cost-effective, re-fuelable back-up generator that can operate indoors, safely, silently, efficiently, and emissions-free, with extended run capability” says Don Ceci, VP Sales & Marketing for Power Air. “Replacing traditional outdoor generator sales represents a significant revenue opportunity, and our “Greenfield” opportunity for indoor generators is estimated at several hundred million potential indoor sites worldwide.”
Power outages are becoming more and more frequent and widespread. Apartment and home occupants are regularly inconvenienced and in fact put into dangerous situations due to power outages caused by storms and technical failures. Residents and businesses are forced to cope with no lights, no heat, no information, spoiled food, and no working appliances or equipment for hours, days or even weeks at a time. Back-up generators are the current solution, but these generators cannot be used indoors, because they are noisy, dangerous, polluting, heavy and messy. No extended run back-up solution is offered for apartments and small businesses unless the whole building is backed up with a large diesel or natural gas generator.
First to Market Application – Indoor and Outdoor Generators:
The Company will initially focus resources on developing Generator products, for indoor and outdoor siting, offering its exclusive technology to OEM partners serving those markets.
“Products powered by our Zinc Air Fuel Cell can be the first clean air alternative to be cost competitive with existing fossil fuel powered generators,“ adds Steve Williams, Power Air’s President. “The lifetime and durability demands for these First to Market applications are more achievable in the short term than those of transportation and co-generation which require much longer life time and established fuel infrastructures.”
The first Power Air ZAFC-based product will be provided to OEM partners for integration into a Portable Emergency Generator (“PEG”) designed for back-up, emergency, or stand-alone use. Power Air intends to address the “sweet spot” (over 70%) of the traditional generator market – with units ranging from 600 Watts to 6.6 kW. These units can also meet the back-up power needs of a large portion of the initial demand for indoor generators.
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1/24/2006 3:52:38 PM ET News Release Index
Power Air Announces Director of Engineering
Ticker Symbol: PWAC
LIVERMORE, Calif., Jan. 24 /PRNewswire-FirstCall/ -- Power Air Corporation announced today the appointment of Andrew Turnbull as Director of Engineering. The Company has assembled a senior management team of industry veterans to undertake the commercialization of technology licensed from Lawrence Livermore National Laboratories ("LLNL"), and Mr. Turnbull joins this team to lead the OEM Product Development Program.
"Power Air intends to take our patented fuel cell technology out of the Lab and develop products competitive with generators and batteries," states Power Air CEO, Steve Williams. "The addition of Andrew Turnbull is an important step in our commercialization efforts."
Andrew Turnbull joins Power Air from Xantrex Power, a public power electronics company listed on Toronto, where he was Program Manager responsible for leading multi-functional teams from product development to product launch. Previous to Xantrex, Mr. Turnbull worked for seven years at Ballard Power Systems as Program Manager for Power Generation products. Mr. Turnbull headed a team that developed fuel cell products, including back-up power products, targeting the power generation industry. He has 18 years of engineering and product development experience in various industries including power electronics, fuel cell, oil and gas, and power generation. Mr. Turnbull holds a Bachelor of Applied Science in Electrical Engineering from Queen's University.
"I see tremendous possibilities for products based on Power Air's zinc air fuel cell technologies that could reach broad markets and finally deliver on the promise of fuel cells," said Mr. Turnbull.
Adds Power Air Vice President, Sales and Marketing, Don Ceci, formerly of Ballard Power Systems, "Mr. Turnbull has the fuel cell industry experience required to develop and implement our Program Plan. He has led cross- functional teams integrating R&D, engineering, manufacturing, quality, supply chain, customer engineering, and service. Andrew is a critical addition to our commercialization team."
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1/18/2006 4:22:07 PM ET News Release Index
POWER AIR CORPORATION (FORMERLY FORTUNE PARTNERS, INC.) ANNOUNCES NEW NAME AND SYMBOL
Livermore, CA - January 18, 2006 – Power Air Corporation, OTCBB: PWAC, formerly Fortune Partners Inc, OTCCBB: FTPI, announced today its new name, chosen to emphasize its entry into the Alternative Energy sector. The Company’s change in name was effected with the Nevada Secretary of State on December 22, 2005 with the change in the Company’s trading symbol.
On September 30, 2005, Power Air, through its acquisition of Power Air Tech, Inc., acquired exclusive fuel cell technology from Lawrence Livermore National Laboratories (“LLNL”) that will allow it to generate safe, quiet, reliable, zero emission energy for portable, stationary and transportation applications. Since that time the Company has assembled a senior management team of industry veterans to undertake the commercialization of the LLNL technology.
“Power Air intends to be the first profitable player in the sector”, states Power Air CEO, Steve Williams. “Our technology will provide reliable power in a time of increased security risks, extreme weather conditions, and aging energy infrastructure.”
Unlike hydrogen fuel cells and internal combustion engines, Power Air’s technology is fueled with zinc, which is safe (non-flammable and non-explosive), inexpensive and easy to transport and store. Exclusive licenses to related LLNL patents for all fields of use give Power Air several advantages over other companies trying to commercialize similar technology.
Adds Power Air Vice President, Sales and Marketing, Don Ceci, formerly of Ballard Power Systems (NASDAQ: BLDP), “Power Air’s unique technology and potentially low manufacturing cost will allow us to compete with the incumbent generator and battery products, not simply with other fuel cell companies”.
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LIVERMORE, Calif., May 25, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Power Air Corporation (OTC Bulletin Board: PWAC) today announced its listing on the Frankfurt Stock Exchange under the symbol P6A.
"We have seen strong interest from European investors since we announced our reverse merger last fall," states Mr. Don Prest, CFO of Power Air. "It was just a matter of time before we added a listing on a major European exchange. The German market has traditionally been very supportive of environmentally-friendly technologies such as our ZAFC."
In conjunction with the Frankfurt listing, the company has released a full German version of its web site.
"Europe is clearly a very important market for our silent, zero-emission, long run, low cost ZAFC-based products," adds Remy Kozak, VP Corporate Development for Power Air. "With a large portion of the population living in apartments, where gas-powered emergency generators are not a viable option, the longer term opportunity is substantial."
About Power Air Corporation
Power Air Corporation, with head office in Livermore, California, is engaged in the business of developing, manufacturing and marketing fuel cell based commercial products. Power Air has the exclusive worldwide license to zinc-air fuel cell technology that has been developed at the Department of Energy's Lawrence Livermore National Laboratory, in Livermore, California, for all fields of use (portable, stationary, light mobility and transportation applications) and commercialization.
For further information please call +1-925-960-8779 or visit our website at http://www.poweraircorp.com.
Investor Relations call +1-866-734-7026 or e-mail to investors@poweraircorp.com or OTC Financial Network, Peter Clark, +1-781-444- 6100 x629 or email peter@otcfn.com.
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09:01 04.09.06
POWER AIR CORPORATION, Neubewertung durch renommierte Forschungsfirma
(Institute) fällt deutlich positiver aus !
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ots-CorporateNews Deutschland.
Für den Inhalt der Mitteilung ist das Unternehmen verantwortlich.
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Livermore, CA (ots) - POWER AIR CORPORATION, Neubewertung durch
renommierte Forschungsfirma (Institute) fällt deutlich positiver aus
Das Management bereitet die globale Vermarktung der hochmodernen,
emissionsfreien Zink-Brennstoffzelle vor.
LIVERMORE, Kalifornien 30. August, 2006--Power Air Corporation
(OTC BB: PWAC.OB ; Frankfurt WKN: A0JKEY Ticker: P6A : freut sich
bekannt zu geben, dass eine hoch renommierte Firma, TRI-STATE Capital
(TSC) ), die Firmenanteile der Power Air Corporation höher bewertet
hat. Die starke Bewertung kommt zu einer Zeit, in der die Firma mit
Schrader Bridgeport International eine Partnerschaft eingegangen ist,
um ihre emissionsfreie Brennstoffzellen (als Hilfsgenerator für den
Innen- und Außenbetrieb) zu vermarkten. Die Neubewertung ist auch
eine Folge des gestiegenen Interesses an Metall-Luft-Brennstoffzellen
als Alternative zu herkömmlichen Batterie-Technologien.
Power Air erwartet deshalb, das dieses Potential bei einer Anzahl
internationaler Ausstellungen, Messen mit den Themen Energie und
Energiezellen Früchte tragen wird.
TSC ist bekannt für seine Zusammenarbeit mit Finanzvorständen,
Analysten, Portfolio-Managern, institutionellen und privaten
Kapital-Investoren sowie den Medien. Sie können die vollständige
(unabhängige) Analyse unter http://www.otclive.com nachlesen.
Mr. Remy Kozak, Präsident und Vorstandsvorsitzender von Power Air
Corporation, stellte dazu fest: "Für uns ist es eine Ehre, dass eine
geachtete unabhängige Forschungsfirma unsere Fortschritte und
Potentiale bemerkt hat, und daraufhin unserer Firma neu bewerten
konnte. Das bedeutet für unsere Aktionäre eine weitere Bestätigung,
dass unsere Firma auf dem richtigen Wege ist.
" Außerdem wies Mr. Kozak darauf hin: "Die Teilnahme an den
Messen/Ausstellungen in Nordamerika und im internationalen Rahmen
sind wichtige Aktivitäten vor den (eigentlichen) kommerziellen.
Unsere Energiezelle hat wirklich sehr große Vorteile gegenüber den
Mitbewerbern, die auf der hohen Dichte und Stabilität der Treibstoffs
- Zink - beruhen; dazu kommen die niedrigen Produktionskosten und
unser einzigartiges Patent, dass den dauerhaften Betrieb (der Zelle)
garantiert.
Power Air Corporation (http://www.poweraircorp.com/), eine Börsen
notierte Firma mit Hauptsitz in Livermore, Kalifornien betreibt die
Entwicklung, Produktion , sowie die Vermarktung von Brennstoffzellen
bei handelsüblichen Produkten. Power Air besitzt die exklusiven
weltweiten Rechte an einer Brennstoffzellen / Zink Technologie,
welche entwickelt worden ist im Department of Energy's Lawrence
Livermore National Laboratory, in Livermore, California.
Originaltext: Power Air Corp.
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ISIN: US7391911044
Kontakt:
Tel: 001-925-960-8779
http://www.poweraircorp.com.
Für den Bereich Investor Relations:
OTC Financial Network, Peter Clark
Tel: +1-781-444-6100 x629
Email peter@otcfn.com.
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oh je die ersten pusher dienste werden aufmerksam...
06.09.2006
Power Air
Höchste Erwartungen in Brennstoffzelle
- Akt. Kurs 1,06 Euro
- WKN: A0JKEY
- Börse: Frankfurt
Sehr geehrter Leserinnen und Leser,
heute wollen wir Ihnen einen Leckerbissen servieren, der Ihnen im Munde zergehen wird. Viel Spaß beim Lesen !
Regelmäßig gibt es aus den USA neue Katastrophenmeldungen. Dann sind es Wirbelstürme, Tornados oder Überflutungen, die ganze Regionen verwüsten, dann ist ein Schneesturm Auslöser des Chaos oder durch Hitze und Überlastung wegen laufender Klimaanlagen fällt der Strom in manchen Regionen aus. Betroffen sind davon immer wieder die einfachen Leute. Sie stehen dem Ganzen hilflos gegenüber. Meist sind sie dann für Tage von der Stromversorgung abgeschnitten. In der modernen Zivilisation eine absolute Katastrophe. Hilfe boten dabei bisher nur Gas- und Diesel-Generatoren.
Diese konnten aber nicht innerhalb eines Hauses betrieben werden, sie mussten draußen arbeiten. Und je nach Wetterlage und Region war dies ein Ding der Unmöglichkeit. Damit gab es dann oft keine Alternative, es gab einfach keine Energie für die Menschen. Der Bürgermei ster von New York, Michael Bloomberg, malte gar ein düsteres Szenario an die Wand. Die Bürger sollten sich auf häufige Stromausfälle einstellen. Man müsse sich für diesen Fall eben mit Elektrogeneratoren für zu Hause ausstatten.
Energie – ein großes Thema in den USA. Bisher konzentriert man sich in Übersee vor allem auf das Öl. Die große Masse des schwarzen Goldes wird eingeführt, um genau zu sein kommen 66 Prozent aus dem Ausland. Der Regierung wird diese Abhängigkeit langsam unheimlich, man will unabhängiger werden, man will auf eigene Ressourcen zurückgreifen. So soll die Einfuhr von Öl, vor allem aus dem Mittleren Osten, drastisch reduziert werden. Zielvorgabe ist dabei das Jahr 2025. Dies führte sogar zu einem Aufruf des amerikanischen Präsidenten, Initiativen für alternative Energien zu starten.
Genau hier springt nun ein amerikanisches Unternehmen in die Bresche, das selbst in Übersee noch wenig bekannt ist: Power Air (PWAC.OB, WKN: A0JKEY Ticker: P6A). Die Firma mit Sitz in Kalifornien arbeitet an einer besonderen Brennstoffzelle, der Zink-Luft-Brennstoffzelle. An dieser neuartigen Energieform forscht man bereit seit Mitte der 90iger Jahre. Unterstützung gab es dabei unter anderem von amerikanischer Regierungsseite. Rund 8 Millionen Dollar sind bisher in die Forschung investiert worden. Das Geld kann sich so langsam rentieren. Denn Power Air besitzt jetzt eine patentierte Brennstofftechnologie, die, wenn man es ganz simpel ausdrückt, aus Zink und Luft Energie macht. Und das zu einem sehr interessanten Preis. Eine Kilo wattstunde Energie, die von einer Brennstoffzelle produziert wird, die auf Wasserstoffbasis arbeitet, schlägt mit 4.500 Dollar zu Buche.
Power Air Corp Brennstoffzelle
Zink + Luft = Energie
Hier sehen eine Simulation der Technologie:
Bei Power Air kostet eine identische Menge Energie, die von der Zink-Luft-Brennstoffzelle produziert wird, gerade einmal 250 Dollar, das ist der 18. Teil der Kosten der anderen Zelle.
Der niedrige Preis ist aber bei weitem nicht der einzige Vorteil dieser neuartigen Brennstoffzelle. Zink und Luft sind reichlich vorhandenen, es gibt also keine Engpässe wie beim Öl. Auch gibt es keine Emissionen, es gibt keinen Lärm bei der Produktion der Energie, Gefahren durch Feuer oder Explosion bestehen ebenfalls nicht. Lager-, Betriebs- oder Versandrestriktionen, wie sie anderweitig vorkommen, sind hier auch nicht gegeben. Und als Nebenprodukte fallen Zinkoxid und Wärme ab, auch nicht wirklich schädlich.
Ein ganz großes Plus: Die Brennstoffzellen sind nicht nur im Außenbereich aufzustellen und zu gebrauchen, wie das bei Generatoren der Fall ist, sie können auch innerhalb von Räumen betrieben werden. Dazu hat die Zelle eine lange Lebensdauer und ist schnell wieder aufgeladen.
All dies wurde bereits in Tests nachgewiesen. Besonders spannend lesen sich dabei die Ergebnisse eines Versuches in China. Betrieben mit einer 600 Watt Zink-Luft-Brennstoffzelle haben elektrische Mopeds dort 186 Meilen zurückgelegt, ohne Nachfüllen. Zum Vergleich: Mit einer herkömmlichen Batterie hätten die Mopeds nur eine Strecke von rund 8 bis 9 Kilometern bewältigen können. Von diesem Ergebnis war ein chinesischer Mopedhersteller so beeindruckt, dass er eine Million Zellen bestellen möchte. Und auch Tests in Santa Barbara im Rahmen eines Versuches im öffentlichen Nahverkehr mit Bussen verliefen äußerst zufrieden stellend.
Für diese „Wunderbrennstoffzelle“ hat Power Air die exklusive weltweite Lizenz. Jetzt sucht man nach großen Partnern, die bei der Herstellung der Zellen in großen Stückzahlen helfen können. Und man scheint schon zum ersten Mal fündig geworden zu sein. Mit der Schrader Bridgeport International Gruppe hat man einen ersten Vertrag abgeschlossen. Durch den Vertrag wird Schrader Bridgeport vor allem in die Bereiche Entwicklung, Produktion und Vertrieb mit 
eingebunden. Konkret geht es dabei um die Bereiche Design, Bau und Test von Alpha- und Beta-Prototypen und den kommerziellen Start des Projektes. Außerdem können die neuen Zellen in einem zweiten Schritt in den Läden von Schrader verkauft werden. Und hierzu gibt es ein sehr interessantes Rechenspie l: Schrader verkauft Produkte in rund 3.500 Läden in den USA. Power Air rechnet damit, von jeder Brennstoffzelle einen Profit von 300 Dollar zu machen. Rechnet man nun mit drei Verkäufen pro Geschäft im Monat, dann ergibt sich daraus für Power Air ein jährlicher Umsatz von 37,8 Millionen Dollar.
Für Power Air ist das ein sehr guter Anfang mit beeindruckenden Zahlen. Das Unternehmen möchte jedoch in naher Zukunft noch weitere Abkommen dieser Art unterzeichnen, um entsprechend große Kapazitäten aufzubauen und einen möglichst breiten Markt abzudecken. Die Zeichen dafür stehen gut. Anscheinend laufen verschiedene Verhandlungen mit weiteren möglichen Partnern. Konkrete Resultate und Erklärungen werden im September erwartet.
Das Interesse an diesem neuen Produkt, das einen Milliarden schweren Markt abdecken kann, ist auf jeden Fall vorhanden. Dies beweisen auch die Einladungen zu verschiedenen Messen. Im kommenden Jahr soll Power Air seine neue Art von Brennstoffzelle unter anderem in Chicago vorführen. Die Alternative Energy Messe im April wird eine hervorragende Bühne sein, das Produkt einer breiten Öffentlichkeit vorzustellen. Schon zuvor wird man im kanadischen Vancouver an der „International Conference and Trade Show“ teilnehmen. Auf diesen Messen erhoffen sich die Verantwortlichen von Power Air auch interessante Gespräche mit weiteren Kunden aus den USA und dem Ausland.
Die ersten Umsätze werden nicht lange auf sich warten lassen.
Die derzeitige Marktkapitalisierung liegt im Moment bei rund 50 Millionen Dollar, ein Witz, eenn man dann bedenkt, dass alleine aus dem Deal mit Schrader jährliche Umsätze von 37,8 Millionen Dollar entstehen können und dass ein chinesischer Mopedhersteller großes Interesse an einem Millionendeal bekundet hat, dann ist dieser Wert klar unterbewertet.
Fazit:
Für Investoren aus dem Small Cap Bereich ist diese Aktie daher ideal. Das Produkt steht kurz vor der Einführung in den Markt, die Aussichten sind hervorragend und die Rahmenbedingungen stimmen ebenfalls, daher werden Anleger mit diesem Wert sehr viel Freude haben. Decken Sie sich ein bevor der Wert die € 1,50 Marke überschritten hat !
Wir gehen davon aus, dass sich Power Air rasend schnell auf die € 2,00 Marke bewegen wird, wenn erstmal die Werbetrommel in Gang gekommen ist. Aktuell notiert Power Air Corp. bei 1,02 Euro und kann spesengünstig in Frankfurt unter der WKN: A0JKEY erworben werden.
Ihr Redaktionsteam
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Sep 06, 2006 (M2 PRESSWIRE via COMTEX News Network) --
Power Air Corporation (NASD OTCBB: PWAC) today announced that it has signed a Memorandum of Understanding with H-Plus Group to establish a Korean based Joint Venture Company. The Joint Venture will develop, manufacture, and commercialize back-up power systems, using Power Air's zinc air fuel cell ("ZAFC") as the power source, in Korea and Asia.
"The growing Asian economies have a significant appetite for alternative energy," states Mr. Remy Kozak, President and CEO of Power Air. "A Joint Venture with H-Plus offers Power Air an Asian base with the technical and financial resources to develop a range of environmentally friendly energy products and distribute them throughout Asia."
Under the terms of the Memorandum of Understanding, Power Air Corporation and H-Plus Eco Ltd., a subsidiary of H-Plus Group, will complete due diligence activities necessary to structure a binding joint venture agreement. The parties expect to formalize the Joint Venture Company in the fourth quarter of 2006 with operations expected to begin in the first quarter of 2007.
"Based on the demonstrations we have seen and the initial rounds of technical and business meetings, H-Plus' executive management team has determined that there are numerous commercial applications for Power Air's environmentally friendly technology in Asia," states Mr. Jahong Hur, President, CEO, and Founder of H-Plus Group. "By establishing the Joint Venture Company in Korea, both companies will be better positioned to fast track the entry into the lucrative Asian markets."
Initial applications are expected to include industrial equipment, Telecom and UPS back up power.
"Securing the right partner to develop and commercialize our fuel cell technology in Asia is the logical and progressive next step following our Collaboration in North America with Schrader Bridgeport International" adds Donald Ceci, VP Sales and Marketing at Power Air. "H-Plus is strongly positioned within Korea and has extensive relationships across the Asian markets."
About H-Plus Group
H-Plus group is composed of three companies (H-Plus Bio Ltd., H-Plus Clean Air World Ltd., and H-Plus Eco Ltd.) whose main business is focused on the environment and alternative energy. H-Plus Group is aiming to be a total environment solution provider.
About H-Plus Bio Ltd.
H-Plus Bio Ltd. was established to produce clean and renewable energy such as biodiesel, bioethanol, and biobutanol. Its business objective is to produce eco-friendly and economical alternative fuels. H-Plus Bio expects the first commercial production of biodiesel from its plant in early 2008. It has secured base sales volume by signing an MOU with GS Caltex Corp. to supply 100,000 tons of biodiesel to GS Caltex every year beginning in 2008.
About H-Plus Clean Air World Ltd. (H-Plus CAW Ltd.)
H-Plus Clean Air World, Inc. is a total service company specialized in the fields of air quality, water/wastewater, and hazardous wastes management. H-Plus CAW provides one-stop professional services to clients for engineering, procurement, and construction services.
About H-Plus Eco Ltd.
H-Plus Eco Ltd. was founded in Nov. 2000 and is a leading company in environmental consulting, engineering and construction for contaminated soil and wastewater in Korea. H-Plus has an excellent business network with refineries, engineering companies and motor companies in Korea such as GS Caltex, GSE&C and Hyundai/Kia Motors. Recently H-Plus Eco has started business with Reliance and HPCL in India and FPC in Taiwan.
About Schrader Bridgeport International
Schrader Bridgeport International is a wholly owned subsidiary of Tomkins plc, serving the major players within the Industrial and Automotive markets based around the world.
About Tomkins plc
Tomkins plc (NYSE: TKS, LSE: TOMK) is a world-class global engineering and manufacturing group with market and technical leadership across its two business groups: Industrial & Automotive and Building Products. Tomkins plc has 132 manufacturing facilities around the world with sales of $5.9 billion dollars in 2005, http://www.tomkins.co.uk About Power Air Corporation
Power Air Corporation, with head office in Livermore, California, is engaged in the business of developing, manufacturing and marketing fuel cell based commercial products. Power Air has the exclusive worldwide license to zinc-air fuel cell technology that has been developed at the Department of Energy's Lawrence Livermore National Laboratory, in Livermore, California, for all fields of use (portable, stationary, light mobility and transportation applications) and commercialization.
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Schon mal danke im voraus!
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Ein Kurszusatz zum amtlich festgestellten Kurs, zu dem nicht alle limitierten Verkaufsaufträge ausgeführt werden konnten. Das Angebot an Aktien war also größer als die Nachfrage nach einem bestimmten Papier.
Time and sales findest du eigentlich überall.
mit orderbuch z.B http://aktienkurs-orderbuch.finanznachrichten.de/net.aspx
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War mir nicht sicher ob jemand auf meinen Eintrag überhaupt reagiert!
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Sehr geehrte Leserinnen und Leser,
wir hatten Ihnen zuletzt an dieser Stelle die Brisanz des starken Preisanstiegs fossiler Energieträger vor Augen geführt. Zu den Top-Profiteuren dieser Entwicklung zählen in erster Linie Anbieter alternativer Energien, beispielsweise Biodiesel. Hier präsentieren wir Ihnen noch in dieser Woche einen Titel, der das Zeug zum absoluten Highflyer hat. Wir sind von dieser Gesellschaft so sehr überzeugt, dass wir sie in unser Bluesky 1000-Depot aufnehmen werden!
Heute wollen wir Ihnen einen NISCHENPLAYER vorstellen, der ebenfalls für FURORE sorgen könnte. "Energie aus Zink und Luft", heißt das Motto bei der kalifornischen
POWER AIR CORPORATION (www.poweraircorp.com, WKN: A0JKEY, Reuters PWAC). LIMIT 0,76 EUR
Diese Gesellschaft besitzt die exklusiven weltweiten Rechte an einer Brennstoffzellentechnologie, die extrem kostengünstig arbeitet.
Folgender Vergleich zeigt das besonders eindrucksvoll: Eine Kilowattstunde Energie, die von einer herkömmlichen Brennstoffzelle produziert wird, die auf Wasserstoffbasis basiert, kostet rund mit 4 500 Dollar. Die innovative Zink-Luft-Brennstoffzelle von Power Air stellt die gleiche Menge Energie für lediglich 250 Dollar, her
Der Clou: Diese Technologie entfaltet ihre Wirkung nicht nur frei von schädlichen Emissionen und geräuschlos, sondern auch äußerst effizient. Das zeigte unlängst ein Versuch in China: Elektrische Mopeds legten mit einer 600 Watt starken Zink-Luft-Brennstoffzelle 186 Meilen zurück. Mit einer traditionellen Batterie hätten die Vehikel nur eine Strecke von höchstens neun Kilometern geschafft. Kein Wunder, dass Mopedhersteller aus dem Reich der Mitte nach der Wunderzelle fragen.
Mit Schrader Bridgeport hat man einen Partner im Boot, der neben Entwicklung und Produktion auch den Vertrieb übernehmen soll - in über 3500 Geschäftsstellen in den USA. Das ist aber erst der Anfang, erst vor wenigen Tagen meldete man ein Memorandum of Understanding mit der H-Plus Group, um ein Joint Venture in Korea zu gründen. Von dort aus will Power Air Schritt für Schritt den schnell wachsenden asiatischen Milliardenmarkt aufrollen.
Unser Rat: Setzen Sie sich nach dem starken Kursanstieg der vergangenen Wochen Ihr Abstauberlimit bei 0,76 Euro. Wir erwarten schon in den kommenden Wochen weitere Top-Nachrichten aus dem Management, die dem Kurs Flügel verleihen sollten.
Und, wie bereits oben gesagt: Freuen Sie sich auch auf die neue Bluesky 1000-Depotaufnahme in dieser Woche. Wer sich noch heute für Blue Premium entscheidet, sichert sich den geldwerten Informationsvorsprung!
Herzlichst,
Ihr BlueSkyLevel-Team
www.blueskylevel.com
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an Potential. Momentan muss man noch nicht investiert sein aber beobachten sollte
man den Wert auf alle Fälle. Es liegt noch viel arbeit vor der Firma!
Plan of Operations
We have determined to focus resources on the development of one ZAFC product that we envision would be manufactured and marketed by an original equipment manufacturer under agreement with us. Our initial ZAFC product will initially be targeted to OEMs delivering power solutions to the business and residential backup and emergency power segment.
We will design our initial prototype for OEM integration into a ZAFC based portable emergency generator designed for back-up or emergency use in homes and small businesses. This generator will be designed to be suitable for use both indoor use, as it will not generate emissions, and outdoor use. The generator will be designed to generate AC power at a rated power output of 1.25 or 2.5 Kilowatts, and to run for four to six hours continuously at fully rated power when fully fuelled. Following the four to six hour operating period, the fuel will be replaced by:
* Replacing the power cartridge on top of the unit, which should take less than one minute and releasing the fuel (zinc) into the hopper and which may be completed while the unit is still operating; and
* Replacing one or more of the electrolyte tanks on the bottom of the unit which should take no longer than two minutes, and will be accomplished without any exposure of the end-user to any electrolyte.
8
We plan to complete the following development work in order to achieve this objective:
Phase
§
Description of
Development Phase
§
Description of Development Work
§
Planned Timing
6
§
Program Concept
§
We plan to complete the identification of engineering requirements, the design concept for the prototype and further refine our business plan
§
Fourth quarter of 2006 and first quarter of 2007
7
§
Engineering Prototype
§
With input of an OEM, we plan to complete the design, manufacture and testing of an engineering prototype incorporating our ZAFC fuel cell technology
§
First and second quarters of 2007
8
§
Engineering Verification
§
This phase will consist of further construction and field testing of engineering prototypes
§
Second and third quarters of 2007
9
§
Manufacturing Prototype
§
With input from a manufacturing partner, we plan to design a commercial product with product design freeze and quality plan
§
Third and fourth quarters of 2007
10
§
Manufacturing Verification
§
This phase will consist of the construction and beta testing of manufacturing prototypes and completion of plan for launching the product into the market-place
§
Fourth quarter of 2007 and first quarter of 2008
11
§
Pilot Production
§
This phase will consist of manufacturing pilot units of the product and confirmation that our initial required cost and quality targets have been met
§
Second quarter of 2008
The above timetable is an estimate prepared by company management based on our plans and objectives as they presently exist, and there are a number of contingencies that could cause our timetable not to be met. While each phase is unique and time limited, specific tasks in multiple phases can overlap. As such, while we are completing Phase 6, the product and technical teams are also undertaking tasks that fall into Phases 7 and 8.
It should be noted that certain core technology development projects will be conducted in parallel with the core ZAFC stack commercialization to ensure the ongoing development of intellectual property, reduce the reliance on third party suppliers for key components, and extend the potential applications for ZAFC technology. One such project that has been identified is an "Air Cathode Development" project. The output of such projects may be 2-3 years in the future but will open up additional market sectors through extended lifetime and lower costs. In all cases, direct spending by the Company on such projects will be minimized through the use of government grants, tax incentives and co-development.
If we are successful in completing the core ZAFC stack commercialization work, then we plan to undertake additional development work in order to expand our range of products incorporating the ZAFC technology. We plan to undertake work on a parallel path to develop the additional ZAFC stack configurations further to OEM specifications and requirements, for products which may include the following:
* a portable generator;
* stationary generators of multiple sizes;
* Uninterruptable power supply back-up systems for computer systems and data centres;
* building, television communications and cable television back-up systems of multiple sizes; and
* auxiliary power units of multiple sizes.
9
We plan to work with OEM's to identify those segments where products incorporating our ZAFC technology will achieve the most commercial success. This process will be integral in our determinations as to what product development we plan to pursue after we complete our additional product development work.
Our ability to undertake our current development work and this future development work will be subject to our ability to obtain the necessary financing to fund this development work. Further, our success in developing our initial product will be critical in enabling us to proceed to future development work. We may be forced to abandon plans for future development work if our initial product is not successful or we do not achieve the required financing.
In undertaking our development work, it will be our intention to continuously enhance our product range and to develop new generations of products. However, we do not plan to divert resources from the initial OEM module development unless significant investment in an alternative application is provided by an OEM. We plan to retain a strategic role in the assembly and distribution of products, which will ensure continuity of product service and quality for customers.
In undertaking our development work, we plan to outsource materials handling and manufacturing of components to existing component manufacturers. The aim of this strategy is to alleviate capital costs in the setting up of manufacturing plants, and this will provide flexibility in sourcing of components and compliance of design specification rules in each country.
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Dated: February 6, 2007 Trading Symbol: “PWAC” (OTCBB)
Power Air Corporation today makes the following announcement:
Power Air Signs Memorandum of Understanding for Generator Fuel Supply and Recycling
LIVERMORE, Calif. /PRNewswire-FirstCall/ -- Power Air Corporation (NASD OTCBB: PWAC) today announced the signing of a Memorandum of Understanding with Autobotics, Inc. (“Autobotics”) of Brooklyn Park, Minnesota.
Under the terms of the Agreement, Autobotics will collaborate with Power Air to set up a North American based company to supply, distribute, and recycle the zinc and electrolyte required to fuel the world’s first indoor generator.
"Through this agreement the distribution model will be defined to supply competitively priced fuel to power our first commercial products in North America”, states Mr. Remy Kozak, President and CEO of Power Air. "Recycling of the zinc-oxide (“ZnO”) produced by our product not only completes the “green” cycle but also significantly reduces costs of operation.”
Power Air intends to commercialize its exclusive Zinc Air Fuel Cell (ZAFC) technology worldwide and has already signed several partnering agreements related to distribution of zero-emission, back-up power generators suitable for indoor and outdoor use. End-users will fuel these indoor capable generators with non-flammable, non-explosive, non-polluting zinc fuel and electrolyte. Under the terms of the MOU, Power Air and Autobotics will generate a business plan for the creation of a separate fuel supply and recycling company, and finalize the structure and ownership of the new entity.
“Partnering with Power Air represents a tremendous business opportunity for Autobotics,” states Mr. Walter Walczak, President and CEO of Autobotics, Inc. “The cost differential between recycling Zinc and producing “fresh” Zinc from mines combined with the huge potential back-up power markets that Power Air is addressing make this a very lucrative segment to get into now. ”
“The recycling, or processing, of zinc oxide, into zinc metal, is a potentially sustainable, high volume, opportunity for the global zinc industry,” states Johan Van Wesemael, Manager, Technology & Market Development, International Zinc Association. “The ability to re-cycle and re-use the same fuel provides a competitively priced, sustainable energy source.”
The Zinc Energy Storage Consortium (“ZESTec”) has previously stated that “the availability of zinc as a fuel source, and the ability to recycle the ZnO, pose no limitations to the adoption of zinc fuel cell technology. Zinc is a known global commodity. Zinc fuel cells convert commercially available zinc products into zinc oxide, a known secondary feed material for existing zinc smelters. With a global transportation infrastructure and processing technology available around the world, facilities are easily accessible for recycling.”
“North America is looking for alternate fuel solutions that are green, sustainable, non-polluting, safe, and will reduce our independence on foreign fossil fuels,” adds Mr. Walczak. “We intend to provide this solution.”
About Autobotics, Inc.
Autobotics, Inc. is a North American based company specializing in providing manufacturing solutions, including production, packaging, and automation, to help companies be competitive and successful in today's world manufacturing environment.
About International Zinc Association (“IZA”)
The International Zinc Association (IZA) (http://www.zincworld.org) is a non-profit organization, based in Brussels, Belgium, representing the world zinc industry. IZA provides a forum for the zinc industry to address global issues through collaborative efforts in Sustainable Development, Technology & Market Development, Environment and Communications. In addition, research capabilities in the product, environmental and health areas for zinc are provided through the International Lead Zinc Research Organization (ILZRO).
About ZESTec
ZESTec promotes the application and market development for all types of zinc based energy storage systems for a range of end uses from automotive to portable power, for consumer and business use. Membership of the ZESTec consortium includes Zinc Producers (Xstrata, Horsehead, Grillo, Industrias Peñoles, TeckCominco, and Zinifex) and Zinc Energy System Manufacturers (eVionyx, PowerZinc and Power Air Corporation). The activities of the Consortium are being coordinated through the International Zinc Association.
About Power Air Corporation
Power Air Corporation, with head office in Livermore, California, is engaged in the business of developing, manufacturing and marketing fuel cell based commercial products. Power Air has the exclusive worldwide license to zinc-air fuel cell technology that has been developed at the Department of Energy’s Lawrence Livermore National Laboratory, in Livermore, California, for all fields of use (portable, stationary, light mobility and transportation applications) and commercialization.
For further information please call +1-925-960-8779 or visit our website at http://www.poweraircorp.com.
Investor Relations call +1-866-734-7026 or e-mail to investors@poweraircorp.com.
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Power Air Successfully Demonstrates World's First Zinc Air Fuel Cell Powered Indoor Generator and Design Prototype at Fuel Cell Expo 2007
LIVERMORE, Calif., Feb. 12 /PRNewswire-FirstCall/ -- Power Air Corporation (OTC Bulletin Board: PWAC - News) completed a three day demonstration of its Zinc Air Fuel Cell ("ZAFC") powered indoor generator prototype, as well as introduced the design prototype produced by its Asian Joint Venture partner, H-Plus Eco Ltd., at the Fuel Cell Expo 2007 in Tokyo, Japan.
"To date, Power Air has been demonstrating its Zinc Air Fuel Cell powered demonstration generator only to potential business partners covered under Non- Disclosure Agreements," states Mr. Donald Ceci, VP Sales and Marketing at Power Air. "Fuel Cell Expo 2007 was the ideal setting to unveil our exclusive technology to a wider audience, and to attract further Asian distribution and development partners to work with our Asian Joint Venture."
The fuel-cell based generator demonstration unit is powered by Power Air's ZAFC running on zinc fuel, which is non-flammable and non-explosive. Because there are no harmful emissions, Power Air's generator has the unique and exclusive advantage of being able to run indoors without the fear of carbon monoxide poisoning to the end user. The company emphasized these advantages by running the demonstration in a centre stage Seminar at the Fuel Cell Expo.
Near term applications for the indoor capable generator range from backup power for apartments, homes and businesses during power outages, to emergency power use for police, fire, homeland security, and disaster recovery.
"ZAFC based generators have the potential to revolutionize the back-up power industry," states Mr. Remy Kozak, President and CEO of Power Air. "Not only do we reduce emissions and offer a sustainable alternative to the traditional generator solutions, our technology creates a completely new market for extended run indoor backup power and positions us as the industry leader."
In addition to demonstrating its generator prototype at the Fuel Cell Expo 2007, Power Air plans to participate in the Hannover Messe -- the largest Energy and Industrial Trade Fair in the World, in Germany in mid-April, 2007, where over 100 companies and research institutions from 25 countries will reveal their latest products and developments. Power Air will demonstrate its indoor generator at Hannover Messe, as well at Alternative Energy 2007, a premier alternative energy and clean energy technology event, in Chicago in late April, 2007, and at the Hydrogen and Fuel Cells 2007: International Conference and Trade Show in Vancouver, Canada in April, 2007. These two events offer Power Air the opportunity to expose its technology and discuss collaboration on commercial products with both North American and International partners.
About H-Plus Eco Ltd.
H-Plus Eco Ltd. was founded in Nov. 2000 and is a leading company in environmental consulting, engineering and construction for contaminated soil and wastewater in Korea. H-Plus has an excellent business network with refineries, engineering companies and motor companies in Korea such as GS Caltex, GSE&C and Hyundai/Kia Motors. Recently H-Plus Eco has started business with Reliance and HPCL in India and FPC in Taiwan.
About Alternative Energy 2007
Alternative Energy 2007 is a premier alternative energy and clean energy technology event, in Chicago in April, 2007. Alternative Energy 2007 will bring together an audience of more than 2,000 senior executives from around the world for five days of highly focused speeches, company presentations and networking, www.ae2007.com
About Hydrogen and Fuel Cells 2007
Hydrogen & Fuel Cells 2007: International Conference and Trade Show from April 29 - May 2, 2007 in Vancouver, Canada will highlight global activities and state-of-the-art hydrogen and fuel cell products, technologies and demonstrations. Attendees will be presented the latest scientific breakthroughs, commercial opportunities and policy developments from the world's prominent hydrogen and fuel cell experts. www.h2fcc.ca
About Fuel Cell Expo 2007
Fuel Cell Expo 2007 is endorsed by the US Fuel Cell Council, World Fuel Cell Council, Hydrogen and Fuel Cells Canada, Fuel Cell Europe, and several other fuel cell associations. Fuel Cell Expo 2006 presented 404 leading companies from over 14 regions and 23,039 visitors from countries worldwide. www.fcexpo.jp
About Hannover Messe
Hannover Messe is the largest Energy and Industrial Trade Fair in the World. Hannover Messe 2006 was attended by 5,175 companies from 66 countries worldwide. www.hannovermesse.com
About Power Air Corporation
Power Air Corporation, with head office in Livermore, California, is engaged in the business of developing, manufacturing and marketing fuel cell based commercial products. Power Air has the exclusive worldwide license to zinc-air fuel cell technology that has been developed at the Department of Energy's Lawrence Livermore National Laboratory, in Livermore, California, for all fields of use (portable, stationary, light mobility and transportation applications) and commercialization.
For further information please call +1-925-960-8777 or visit our website at http://www.poweraircorp.com.
Investor Relations call +1-866-734-7026 or e-mail to investors@poweraircorp.com.
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