QuestAir Technologies Inc.
TSX : QAR
AIM : QAR

QuestAir Technologies Inc.

May 25, 2006 08:21 ET

QuestAir Announces Shareholder Dealing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 25, 2006) - QuestAir Technologies Inc. (TSX:QAR)(AIM:QAR) has been notified that one of its early strategic investors has sold its holding in QuestAir in trades made on 24 May 2006.

Ballard Power Systems Inc. ("Ballard") sold its entire holding of 2,775,175 common shares at an average price of $1.35 per common share. Ballard made its first equity investment in QuestAir in 2000.

This announcement is made pursuant to the rules governing the operation of AIM as established by the London Stock Exchange Plc.

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".

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
    (604) 453-6967
    hall@questairinc.com
    www.questairinc.com
    or
    James Hoggan & Associates
    Terry Foster
    Canadian Media Contact
    (604) 739-7500
    or
    Buchanan Communications
    Charles Ryland
    UK Media Contact
    +44 207 466 5000
    or
    Buchanan Communications
    Ben Willey
    UK Media Contact
    +44 207 466 5000