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Japan-USA to Collaborate on Hydrogen Production From Nuclear

Japanese and U.S. officials said Wednesday they have agreed to develop a joint hydrogen-based energy program. The Japanese government will cooperate with U.S. agencies to produce hydrogen by means of a high-temperature test reactor, or HTTR, which will be built at the U.S. Department of Energy's National Engineering and Environmental Laboratory in Idaho Falls, Idaho. Japan's Nuclear Energy Institute will assist in the project. Scientists view hydrogen-based fuel cells as one of the most hopeful energy resources for the future. However, hydrogen production remains an expensive process and scientists think it might best be accomplished by using nuclear reactors to generate the electricity necessary to free hydrogen from water. Also, by extending the scope of nuclear energy development to include hydrogen production, officials hope the effort could promote the construction of more nuclear plants in Japan.

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Panel Sceptical of Hydrogen Fuel Timeline

In a report analyzing Bush's Hydrogen Initiative, the American Physical Society's panel on public affairs concludes that major scientific breakthroughs are needed for the initiative to succeed. The scientists said major obstacles stand in the way of the President Bush's proposal to offer hydrogen fuel and a hydrogen-fueled cars by 2020. Columbia University's Peter Eisinger, chairman of the committee, presented the report before the House Science Commmittee on Wednesday. The most promising hydrogen engines are too expensive or do not perform well enough to be be competitive, he said, and hydrogen fuel is now four times more expensive than gasoline to produce. No existing material for hydrogen fuel tanks lives up to consumer benchmarks. In addition, improving current technology will not be enough to close what the scientists call very large performance gaps. The panel recommended that Congress be adequately prepared for the possibility the technological hurdles for the initiative will not be met by 2020.

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Medis Technologies Schedules Q4 & Year-End Financial Results Call: March 11

Medis Technologies Ltd. (NASDAQ: MDTL) will issue its financial results for the fourth quarter and year-ended December 31, 2003 on March 11, 2004. The results will be released before the opening of the stock market. Management will also conduct a conference call that morning at 10:00 a.m. Eastern Time. Interested parties may participate in the call by dialing 800-915-4836 (Domestic) or 973-317-5319 (International) approximately 10 minutes before the call is scheduled to begin and ask to be connected to the Medis conference call. A recorded replay of the call will be available until 5:00 p.m. Eastern Time on Monday, March 15, 2004. Listeners may dial 800-428-6051 (Domestic) or 973-709-2089 (International) and use the code 341229 for the replay. Medis Technologies is involved in the development of advanced proprietary technology products primarily related to sources of clean energy. Medis' primary focus is on direct liquid fuel cell technology. Website: [sorry this link is no longer available]     

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