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For Immediate Release 10 November, 2005
QuestAir and ExxonMobil Research and Engineering Company Begin 2nd Phase of Project to Develop On-Board Hydrogen Generator
BURNABY, B.C. – QuestAir Technologies Inc. (AIM: QAR; TSX: QAR) announced today that it has received a US$1.2 million (C$1.4 million) engineering services contract from ExxonMobil Research and Engineering Company (“EMRE”) to support the development of an on-board hydrogen generator for potential use in a range of transportation markets.
Jonathan Wilkinson, President and CEO of QuestAir, said the contract, which is expected to run for approximately one year, is the second received from EMRE in support of this program. QuestAir completed the first phase of the program in October 2004 under an initial US$1 million (C$1.2 million) contract. The contract announced today covers the application of QuestAir’s proprietary mechanical technology in EMRE’s proprietary fuel processor (or “reformer”) design.
“The supply of hydrogen fuel is a key challenge in the commercialization of early motive fuel cell markets such as fuel cell powered utility equipment, auxiliary power units (APUs) for a wide range of vehicles, and fleet buses. The hydrogen generator that EMRE and QuestAir are developing should offer a compact, efficient solution to generate hydrogen directly on board the vehicle itself. One of the key advantages of the system is its flexibility to use a range of readily available hydrocarbon fuels,” Wilkinson said.
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 refueling stations. 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”.
For further information please contact:
QuestAir Technologies Inc.:
Andrew Hall
Director, Corporate Development and External Communications
Phone: (001) 604-453-6967
Email: hall@questairinc.com
Web: www.questairinc.com
UK media contact:
Charles Ryland
Ben Willey
Eleanor Williamson
Buchanan Communications
Phone: 020 7466 5000
Canadian media contact:
Terry Foster
James Hoggan + Associates
Phone: (001) 604-739-7500
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