16.09.04

16.9.2004: Meldung: Stuart Energy Systems Corp.: Exclusive Global Distribution Agreement

Stuart Energy Signs Exclusive Global Distribution Agreement
Wednesday September 15, 11:27 am ET
Expands Product Offering by Partnering with Chinese Electrolyser Manufacturer

TORONTO-- Sept. 15, 2004-- Stuart Energy Systems Corporation (TSX: HHO - News), a hydrogen infrastructure company, and Purification Equipment Research Institute of CSIC (PERIC), a Chinese-based developer of water electrolysers, have entered into a master supply and distribution agreement. Under the agreement, Stuart Energy is the exclusive global distributor for large-scale hydrogen generation plants based on water electrolysis technologies jointly developed by PERIC and Stuart Energy. In addition, Stuart Energy is the exclusive distributor in certain territories for PERIC"s existing, commercial large-scale hydrogen generation plants.

"By partnering with China"s leading developer and manufacturer of large-scale hydrogen generation plants, we gain immediate access to PERIC"s robust and reliable technology. PERIC"s existing products, coupled with the products that we jointly develop, will complement our Stuart Energy Station (SES) product portfolio, particularly for large-scale industrial, wind, solar and nuclear applications," stated Jon Slangerup, Stuart Energy"s President and Chief Executive Officer. "We also see applications in the transportation market, including hydrogen fueling stations for buses or other large fleets. With PERIC"s low-cost manufacturing, we look forward to engaging the market place with an expanded product offering."

"We are excited to be offering our current generation of commercial technology through Stuart Energy"s established, global sales channels. In addition, we are looking forward to collaborating with the technical experts at Stuart Energy on the development of advanced technology that will expand the markets in which our products can compete. This partnership will give us access to the global industrial hydrogen market as well as the emerging energy markets," commented Wang Shaobo, Vice President of PERIC.

About PERIC

Purification Equipment Research Institute of CSIC is the leading developer and supplier of pressurized hydrogen generators, using water electrolysis, in China. PERIC has designed, developed and manufactured different types and capacities of hydrogen generator systems that widely serve industries such as chemicals, energy, metrology, aerospace, electronics and transportation etc.

About Stuart Energy

Stuart Energy Systems Corporation (TSX: HHO - News) is the world"s leading developer and supplier of integrated hydrogen infrastructure solutions based on water electrolysis. Stuart Energy integrates its proprietary hydrogen generation technology with products from corporate partners to serve existing and emerging markets for industrial, distributed power generation and transportation applications. The Company"s website address is www.stuartenergy.com

Contact:

Stuart Energy, Communications
Wanda Cutler
(905) 282-7769
or
Stuart Energy, Corporate Development
R. Randall MacEwen
(905) 282-7773


Source: Stuart Energy Systems Corporation
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