Return to News Releases
Copyright 2007, Carthew Bay Technologies Inc.
Astris Energi Appoints Leader For Pilot Production Of Fuel Cell Stack
MISSISSAUGA, ONTARIO, CANADA, March 9, 2004 -- Astris Energi Inc. (OTC Bulletin Board - ASRNF), the world's leading alkaline fuel cell (AFC) technology company, announced today the appointment of Claude L. Rivoire, an internationally recognized fuel cell specialist, to lead the development of the Company's semi-automatic pilot production facility for its POWERSTACKô MC250. As a technical and management advisor to Astris Energi, Mr. Rivoire will work closely with the Astris team at the Company's European facility in Vlasim, Czech Republic, acquired in 2003.
Mr.Rivoire is a recognized expert in the fuel cell industry. He holds a professional engineering degree, IngÈnieur AM from l'Ecole Nationale SupÈrieure des Arts et MÈtiers and a business degree, MBA from HEC de l'Institut SupÈrieur des Affairs. He has an outstanding track record in industrial automation, production technology and plant management, spanning the transportation industry (buses and industrial vehicles), the food and high-tech rubber industries and, since 1997, the fuel cell industry. To each industry he has applied his ability to analyze, dissect, modify and streamline the production processes, thus achieving high yields, high quality, increased output and high productivity. The result has been lower production costs, improved competitive position and higher profits.
The initial review and update of earlier pilot production blueprints is in progress and scheduled for completion by the end of March 2004. The construction phase, following the updating of the blueprints and schedules, will follow. Mr. Rivoire will work closely with Radek Kotoucek, also a professional engineer, who is general manager of Astris s.r.o. in Czech Republic.
-------------------------
About Astris Energi Inc.
Astris is a late-stage development company committed to becoming the leading provider of affordable fuel cells and fuel cell generators internationally. Over the past 20 years, Astris has developed a fuel cell that has competitive advantages over other alkaline fuel cells and other fuel cell types, including its relatively low cost, high efficiency, and rapid start-up even in sub-zero temperatures. The company is commencing pilot production of its POWERSTACK™ MC 250 technology in 2004. Astris is the only publicly traded company in North America focused exclusively on the alkaline fuel cell. Additional information is available at the company's website at www.astris.ca
Forward-Looking Statements
Any statements in this release that are not statements of fact may be considered "forward looking statements" as that term is defined under securities laws in the United States and Canada. Forward-looking statements are only predictions and may differ materially from actual events or results.
Contacts: For further information, please contact: Anthony Durkacz Vice President of Finance Astris Energi Inc. Phone: 905-608-2000 Fax: 905-608-8222 E-mail: adurkacz@astris.ca Note: Parties interested in receiving Astris news releases or corporate documents may e-mail such a request to adurkacz@astris.ca. They can also review the Company's website at www.astris.ca or its public documents at www.sedar.com or www.sec.gov
