31.10.2002: Meldung: Stuart Energy Systems Corporation supplies California Fuel Cell

Stuart Energy supplies California Fuel Cell Partnership with first satellite hydrogen fueling station
Wednesday October 30, 9:00 am ET

Station will be located in Richmond, California and will serve as a fueling hub for CaFCP vehicles

TORONTO, Oct. 30 - Stuart Energy Systems Corporation (TSX:HHO - News) announced today the unveiling of its latest "intelligent" hydrogen fueling station in California. The California Fuel Cell Partnership (CaFCP) selected Stuart Energy to provide the first satellite hydrogen fueling station to supply hydrogen fuel to vehicles of the CaFCP, extending the driving range of these vehicles beyond their home base in Sacramento. The station will be located in the community of Richmond at the Richmond Operating Division of AC Transit, an associate member of the CaFCP.

This will be the first time the CaFCP will use water electrolysis to generate hydrogen fuel on-site for its vehicles. The advantages of these distributed hydrogen generation systems is that they are convenient, easy to install and available immediately. With the addition of this Stuart Energy satellite station located about 70 miles southwest of Sacramento, CaFCP vehicles will now have greater driving range and easy access to the San Francisco Bay Area - now the fourth largest metropolitan area in the United States, with a population of nearly seven million people.

Jon Slangerup, President and CEO of Stuart Energy said, "This station is important for us and for the future of hydrogen fuel. Lack of a hydrogen fueling infrastructure is commonly cited as a challenge to the introduction of fuel cell vehicles. Stations such as this are directly addressing this challenge. Stuart Energy"s hydrogen fueling products are cost-effective, clean, convenient and available today. This station is a critical first step that could ultimately form the foundation of a hydrogen-fueling infrastructure for emission-free hydrogen-powered vehicles."

AC Transit General Manager Rick Fernandez underscored the significance of the station to AC Transit"s hydrogen fuel cell bus development program, "AC Transit begins an exciting new chapter in its 42-year history with the opening of this hydrogen fueling station at our Richmond Operating Division. As an organization of 2,400 people, we have chosen to take a leading role in the development of a technology that has innumerable environmental benefits for the communities we serve and our planet"s fragile ecosystem. We are proud to be members of the California Fuel Cell Partnership and to join cooperatively with Stuart Energy and other members of the Partnership in a determined effort to prove to the world the value of hydrogen and fuel cells."

"This is a key achievement for the partnership this year - to be able to extend the test-drive range of our fuel cell vehicles beyond the Sacramento area, and to learn about potential fueling infrastructure technologies through real-world experience," said Don Huberts, CaFCP Chairman and CEO, Shell Hydrogen.

Ceremonies featured a demonstration of quick and easy fueling of four fuel cell cars manufactured by DaimlerChrysler, Ford, Hyundai, and Toyota, before a crowd of several hundred people from the Richmond community, public officials and CaFCP.

The station will employ Stuart"s patented "intelligent" fueling technology, which will greatly enhance ease of use by the Partnership members. The station"s 47 kg of hydrogen storage is capable of supplying the fueling needs of a small fleet of vehicles on a daily basis. The entire integrated station consists of a high-pressure, high-purity hydrogen generator, a storage unit, and a hydrogen fuel dispenser that resembles a common gasoline dispenser. To fuel a vehicle, the driver simply swipes a "smart" card to activate the dispenser, and attaches the nozzle to their vehicle"s tank. The computer controls the amount and pressure of hydrogen that is dispensed and automatically shuts off when the tank is full. The entire procedure closely resembles today"s consumer fueling procedure. The station is the eighth Stuart Energy hydrogen fueling station installed in North America, and the fourth in California.

About Stuart Energy

Stuart Energy Systems Corporation (TSX: HHO - News) is a world leading developer and supplier of integrated hydrogen solutions that use the Company"s proprietary hydrogen generation water electrolysis technology with products from corporate partners to serve existing and emerging markets for power generation, transportation and industry. The company"s website address is http://www.stuartenergy.com

About AC Transit

AC Transit is an associate partner in the California Fuel Cell Partnership, is one of the largest public transit operators in the United States, with a fleet of 817 buses and an annual ridership of over 70 million passengers. It operates 150 routes, including 36 transbay lines to San Francisco, serving over 1.3 million people living in 13 cities in the East Bay of the San Francisco Bay Area, including Richmond, Oakland, Berkeley, Newark, and Fremont. For more information see www.actransit.org

About California Fuel Cell Partnership

The California Fuel Cell Partnership is a voluntary effort to advance a new vehicle technology that could move the world toward practical and affordable environmental solutions. The Partnership will demonstrate fuel cell- powered electric vehicles under real day-to-day driving conditions; will demonstrate the viability of an alternative fuel infrastructure technology; explore the path to commercialization; and increase public awareness of fuel cell electric vehicles. The Partnership expects to place about 60 fuel cell passenger cars and fuel cell buses on the road by 2003. For more information, visit www.fuelcellpartnership.org.

For further information

Stuart Energy Media and Public Relations: Wanda Cutler, (905) 282.7769, wcutler@stuartenergy.com
Madelaine Duke, (604) 742.4258, mduke@hoggan.com
Stuart Energy Investor Relations: Robert McGillivray, (905) 282.7727, rmcgillivray@stuartenergy.com

Source: Stuart Energy Systems Corporation
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