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ReliOn Selects Fuel Cell Product Manufacturer

SPOKANE, Wash., July 26 /PRNewswire-FirstCall/ — ReliOn, the leading provider of high reliability fuel cell solutions for backup power applications, announced that Celestica, a world leader in electronics manufacturing services (EMS), will serve as EMS provider for ReliOn's fuel cell products going forward. (Logo: http://www.newscom.com/cgi-bin/prnh/20040223/SERELIONLOGO ) Celestica operates a sophisticated global manufacturing network and is positioned as one of the world's leading providers of integrated end-to-end electronics manufacturing services and solutions. Celestica has approximately 43,000 employees in over 40 locations worldwide. Under the terms of the agreement, Celestica began initial manufacturing, assembly and testing of ReliOn's fuel cell products in June. "ReliOn chose to work with Celestica not only because of its technical excellence and manufacturing expertise, but also its ability to provide exceptional supply chain leverage and lean manufacturing practices. This choice will enable us to lower the cost of building our products and to ramp production to meet market demand," said John Werderman, ReliOn president and chief executive officer. "We are fortunate to have Celestica's tier one experience contributing to our commercialization progress." About ReliOn: ReliOn is a leader in the development and marketing of ultrareliable, ultraclean modular Proton Exchange Membrane (PEM) fuel cell products. The company markets […]

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Sulfur in Unleaded Gasoline and in Diesel will be Limited Within Five Years

CANBERRA, Australia, July 26, 2004 (ENS) – Sulfur in unleaded gasoline and in diesel will be limited within five years under tough new fuel standards announced by Australia's new Environment Minister Senator Ian Campbell. He says the cuts will make Australian transport fuels among the cleanest in the world. First to take effect will be the new diesel standard. Currently 500 parts per million (ppm), it will be cut to 50 ppm on January 1, 2006 and capped at 10 ppm from January 1, 2009. It will take longer to limit the sulfur in premium unleaded gasoline, or petrol, but the cuts will be steep. From January 1, 2008, it will be limited to 50 ppm down from 150 ppm now. Australia's new Environment Minister Ian Campbell (Photo courtesy Office of the Minister) "These reductions are among the final steps of the government's strategy to dramatically reduce urban air pollution," Campbell said. "Pollution from particulate matter will be immediately reduced by five percent nationally, and reductions are expected to increase as new vehicle technologies come on stream, designed to run on low sulfur diesel." Lower sulfur will mean better air quality in Australia's cities and towns and help two million […]

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ZAP Highlights Recent Developments at Annual Shareholder Meeting – SMART Car Displayed

SANTA ROSA, Calif., July 26 /PRNewswire-FirstCall/ — Advanced technology vehicle company ZAP (OTC Bulletin Board: ZAPZ – News) introduced the new SMART Car to shareholders at its annual meeting over the weekend as well as announcing an infusion of $1.5 million in new capital. During the shareholder meeting, which took place at the Hyatt Vineyard Creek Hotel on Sunday, ZAP presented the SMART Car to its shareholders for the first time and announced several recent financial developments. ZAP Chief Financial Officer William Hartman detailed ZAP's financial results for 2003 and closed with a number of transactions impacting the Company's unaudited financial position so far in 2004, as follows: — ZAP's cash position has increased by $1.5 million to over $2.0 million — Assets have increased by $9 million to over $18 million — A $45 million floor plan line of credit has been secured for auto dealers — Two legal matters have been settled with minor financial effects "In the three years I have been with ZAP, the Company is in its strongest financial position," said Hartman. In May, ZAP signed an agreement with SMART-Automobile LLC to be the exclusive distributor and licensed manufacturer in the United States for their […]

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