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| Headline |
Batteries/Electric Cars $300m of current orders (pot $4bn) |
| Investment Stage |
Mezzanine
Private Placement |
| Sectors |
Automotive - Electrics/Electronics
Automotive - Engine Management
Energy - Fuel Cell
Energy - Renewable
Engineering & Manufacturing - Automotive |
| Deal Value |
50,000,000 |
| Currency |
USA - US$ |
| Country/Region |
North America USA Florida |
| Summary |
The Company is engaged in performance improvement and cost reduction of Alkaline Fuel Cells and Lead Cobalt Batteries, which had been previously produced and sold, and the development of an Ammonia Cracker for the production of hydrogen. The Company’s technology is based on 191 issued patents, the last 4 of which were issued in 2005 and 2006 on Batteries, Fuel Cells and Ammonia Crackers.
The Company seeks $200m to establish manufacturing and distribution to meet a current $300 million worth of orders and over $4 billion worth of potential orders for its products and systems and plans to move to a large production plant in Alabama shortly after financing has been received in order to produce and ship to its customers. However, initial, limited production will start in the Company’s present pilot plant in Florida. Three products and two systems will be produced: An Alkaline Fuel Cell, A Lead Cobalt Battery and an Ammonia Cracker for the production of hydrogen from ammonia; a Power Plant System for the production of electric power for homes, buildings and elevators, and an Electric Propulsion System for vehicles of all kinds.
The Company has working prototypes of the Alkaline Fuel Cell, Ammonia Cracker and Lead Foam Substrate and can demonstrate them in its facility in Pompano Beach, Florida. The Company also has five Silver Volt Electric Cars, one of which is demonstrated on a regular basis. These are “Plug-in” electric vehicles which can be driven 150 miles on Lead Cobalt Batteries before activating Rotary Engines for range extension.
The Company has two new products, a 4-passenger pure electric car produced for the company in China which will be equipped with an Alkaline Fuel Cell (range 180 miles before hydrogen replenishment); and an Emergency Power Backup Unit for installation in homes, condominiums, airports, restaurants and other similar establishments which will give up to 96-hours of backup power in case of outside grid failure due to hurricanes and storms. This Unit is battery operated and contains a built-in charger for recharging the batteries when outside power is restored. QUOTE REF 1011.
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