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Powerzinc Signed an Agreement with One of the Largest Automaker in China
to Jointly Develop E-bus Powered by its DQFC series Zinc-Air Fuel Cell
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June 10, 2003

Powerzinc announced today that it signed cooperation agreement with one of the largest automaker in China to jointly develop electric buses powered by its DQFC series zinc-air fuel cell. Under the agreement, the two companies will collaborate on custom designing and manufacturing a line of high performance, reliable and zero emission zinc-air fuel cell buses in Jiangsu province of China. The first model bus will be tested at National Electric Vehicle Test Center in City of Shantou, Guangdong, China. The two companies plan to establish a manufacturing facility in Jiangsu province with annual capacity of 200 units of all-electric buses in the first year.

China promised to host a ¡°Green Olympics¡± in 2008. It is estimated that approximately 3,000 zero emission buses will be needed to make Beijing¡¯s dream a reality. Powerzinc¡¯s zinc-air fuel cell has been the world¡¯s only commercialized fuel cell product. The world-class technology combined with the automaker¡¯s solid background in China¡¯s auto industry shall make this partnership a very competitive contender for the proposed zero emission vehicle project in Beijing.

     

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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