BURNABY, BC, June 27 /CNW/ - QuestAir Technologies Inc. (AIM: QAR; TSX: QAR) a developer and supplier of advanced gas purification systems for refinery, industrial and fuel cell markets has signed an agreement to supply its H-3200 hydrogen purification systems to HyRadix Inc., a leading developer of hydrogen generators for industrial and hydrogen fueling applications. QuestAir also received a US$263,000 purchase order from HyRadix for an initial delivery of H-3200 units, to be completed over the next year.
Under the terms of the five-year preferred supplier agreement, QuestAir's H-3200 pressure swing adsorption ("PSA") systems will be integrated into HyRadix's current range of Aptus(TM) and AdDeo(TM) branded hydrogen generators. QuestAir's H-3200 has been customized to replace HyRadix's existing PSA design. The Aptus(TM) and AdDeo(TM) hydrogen generators convert natural gas or propane to hydrogen using proprietary high pressure auto-thermal reforming technology. QuestAir's H-3200 will purify the hydrogen product to the demanding purity specifications required for industrial and fuel cell markets.
Launched commercially in 2004, HyRadix's Aptus(TM) hydrogen generator targets industrial markets including metals treating, float glass plants, semi-conductor fabrication and edible oil processing. The AdDeo(TM) is used in fueling stations serving fuel cell vehicles and internal combustion engines running on hydrogen or natural gas/hydrogen blends. In 2004, HyRadix installed its first commercial AdDeo(TM) system in a hydrogen refueling station at SunLine Transit Agency in Thousand Palms, California.
Jonathan Wilkinson, President and CEO of QuestAir said, "HyRadix is well positioned to become a leading supplier of hydrogen generation systems in both industrial markets and the development of hydrogen fueling infrastructure. We believe that HyRadix's range of hydrogen generators, including QuestAir's purification equipment, will offer customers a strong economic proposition for reliable on- site hydrogen supply."
Robert Gray, President and CEO of HyRadix said, "QuestAir's H- 3200 PSA system demonstrated excellent performance and reliability during a recent demonstration test at our test facilities. These product features, combined with the small footprint of the H-3200 design, make QuestAir's H-3200 the best choice for HyRadix's commercial Aptus and AdDeo hydrogen generators."
QuestAir's H-3200 purifies hydrogen-containing gas streams to high purity hydrogen for use in industrial processes, hydrogen fueling stations and stationary fuel cell power plants. The H- 3200's optimized Pressure Swing Adsorption ("PSA") process and proprietary rotary valve technology deliver higher efficiency than conventional PSA systems in a more compact, cost effective package. Since the product launch in 2003, QuestAir has sold more than 25 H- 3200 systems to customers in Europe, Japan and North America.
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.
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 HyRadix Inc.
HyRadix, based in Des Plaines, Ill., is dedicated to the development and global commercialization of hydrogen generation technology for hydrogen vehicle refueling, industrial applications and for fuel cells. Using an innovative combination of technology and equipment, HyRadix's hydrogen generating appliances produce hydrogen from the common infrastructure fuels, natural gas and LPG. For more information, please visit www.hyradix.com.
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