QuestAir Technologies Inc.
TSX : QAR
AIM : QAR

QuestAir Technologies Inc.

June 01, 2006 07:00 ET

QuestAir Signs Agreement to Supply Hydrogen Purification Systems to Nuvera

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 1, 2006) - QuestAir Technologies Inc. (TSX:QAR)(AIM: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 PowerTap™ branded hydrogen generators. The PowerTap™ 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 PowerTap™ 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 PowerTap™ 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™ hydrogen generator."

In 2004 Nuvera launched the PowerFlow™ range of fuel cell power modules for industrial vehicles used in material handling, airport ground support, turf care, construction and forestry. The PowerTap™ hydrogen generator will be offered as an integrated solution for generating and dispensing hydrogen fuel to customers and users of Nuvera's PowerFlow™ 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
    (604) 453-6967
    hall@questairinc.com
    www.questairinc.com
    or
    Buchanan Communications
    Charles Ryland
    UK Media Contact
    020 7466 5000
    or
    Buchanan Communications
    Ben Willey
    UK Media Contact
    020 7466 5000
    or
    Buchanan Communications
    Eleanor Williamson
    UK Media Contact
    020 7466 5000
    or
    James Hoggan & Associates
    Terry Foster
    Canadian Media Contact
    (604) 739-7500