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Astris Energi Inc. (BB: ASRNF) |
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Founded in 1983, Astris Energi has steadily developed the alkaline fuel cell (AFC) and become the world’s leading AFC technology company. Astris has a proven management and engineering team with a clearly defined business plan based on a solid understanding of the fuel cell industry. Through technology breakthroughs, Astris has developed an AFC that has lower material costs than other low temperature fuel cells, in addition to having higher energy efficiency and broad operating capabilities. Astris has begun the first phase of pilot production of its next-generation AFC at its Czech Republic subsidiary in 2005, leading to economies of scale and, as demand warrants, to commercialization in a broadening array of global niche markets. AFC’s have long been the fuel cell of choice for NASA and other space programs as they are the most energy efficient of clean power sources. As costs fall further through R&D and volume production, the performance and environmental strengths of Astris’ AFC, position it for three key markets – stationary power (notably uninterruptible off-grid power for mission critical applications such as communication towers and hospitals); portable uses (such as small generators for cottages, worksites); and small transportation uses (such as fork lifts, golf cars and yachts). |
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