Mr. Hao Luo, the senior business
analyst of Herald Investment Management Limited visited
Powerzinc Electric (Shanghai), Inc. on May 27th, 2004.
Herald Investment Management Limited (HIML) was
established in 1999 and now manages three investment
funds. It is specialized in achieving capital growth
through investing in companies of different scales in the
fields of technology, media and communications. In recent
two years, HIML started to focus on Asian market and in
2003 a special committee was sent to Shanghai for an
investment investigation. Up to now HIML has already
invested in two semi-conductor companies in China.
During the visiting, members of the management team of
Powerzinc introduced the company and Powerzinc Project to
Mr. Luo. The two parties discussed the future development
of Powerzinc and agreed that next meeting would be held in
July if necessary to discuss the details of the
cooperation between the two parties.
Powerzinc Electric, Inc.
is a California-based Hi-Tech company. It is dedicated to
the research, development, manufacturing and
commercialization of advanced zinc-air fuel cells and
entire manufacture facilities, along with fuel cells
refuel service platform. Through years of R&D, Powerzinc
has achieved significant breakthroughs in zinc-air fuel
cell technology and developed the high power, large
energy, long-lasting, low cost and environment-friendly
power and energy source. Its innovative products - DQFC
series of zinc-air fuel cells with creative design and
process technology is a totally renewable energy for
electric vehicles and various other applications today.
About Powerzinc Electric
In Shanghai, China, Powerzinc has
established a zinc-air fuel cell manufacturing and service
model plant to commercialize the technology and its
products. The plant is ready for commercial-scale
production. The Company has started supplying DQFC series
zinc-air fuel cells to manufacturers of Electric Bicycles
and Electric Scooters. In the near future, the new series
of DQFC zinc-air fuel cells for Electric Buses, Defense
and Security, Communication and other applications will be
available to the commercial market soon to satisfy
the real highly growing
demand anywhere in the world.