A Famous Auto Bus Plant and Powerzinc Signed an Intention Contract for 380 millions

=== July 1, 2004 ===

After more than one year of exploration and discussion a famous auto bus manufacturing plant located in Jiangsu, China signed on July 1, 2004 an intention contract worth $380 millions (31,560 millions RMB) to buy DQFC zinc air fuel cells from Powerzinc Electric (Shanghai), Inc. This cooperation opened the gateway and will lead to the full commercialization of the pure electric bus. The contracted DQFC zinc air fuel cells will be supplied in batches during 4 years and be installed on the pure electric buses manufactured by the above-mentioned bus manufacturing plant.

This cooperation between the famous autobus manufacturing plant and Powerzinc will undoubtedly usher in a new era in the electric bus development history.


About Powerzinc

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 (Shanghai), Inc

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.







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