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For Immediate Release 13 December, 2005
QuestAir receives orders from ExxonMobil Research and
Engineering for refinery demonstration
BURNABY, B.C. – QuestAir Technologies Inc. (AIM: QAR; TSX: QAR) announced today that it has received purchase orders totaling C$1.8 million from ExxonMobil to begin the construction of a prototype hydrogen purifier to be demonstrated at a refinery.
QuestAir has been working with ExxonMobil Research and Engineering to develop a large capacity pressure swing adsorption (PSA) system for use in oil refineries and petrochemical plants. A prototype PSA plant will be tested at a refinery in the second half of 2006.
The orders announced today cover a compressor to be included in the prototype plant and related project management services. An order for long lead items associated with the PSA is expected to be received in the next few weeks. The remaining orders related to the prototype plant are expected upon the successful completion of an ExxonMobil program review.
Jonathan Wilkinson, President and CEO of QuestAir said, “We continue to make excellent progress with our development program with ExxonMobil Research and Engineering. Procurement and construction of the prototype plant has now begun, and our plans for the prototype test at a refinery are proceeding as planned.”
About Pressure Swing Adsorption
QuestAir’s gas purification technology is based on its proprietary innovations in pressure swing adsorption (PSA) technology that solve some of the inherent disadvantages of conventional PSA. Conventional PSA technology was introduced commercially in the 1960s and today is applied extensively in the production and purification of hydrogen, oxygen and nitrogen for industrial uses. QuestAir’s rapid-cycle PSA technology operates at significantly higher cycle speeds than conventional PSA, resulting in a direct reduction in the size of equipment required to purify a given volume of product gas
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”.
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.
For further information please contact:
QuestAir Technologies Inc.
Jonathan Wilkinson
President & CEO
Phone: (001) 604-454-1134
Email: wilkinson@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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