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Alternate Energy Corp. & Astris Energi Inc. Sign Letter Of Intent To Provide Low-Cost Electricity For The Home And Commercial Markets.

Publication: Business Wire
Publication Date: 05-AUG-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors

LAS VEGAS--(BUSINESS WIRE)--Aug. 5, 2003

Alternate Energy Corporation (OTCBB:ARGY), a producer of low-cost hydrogen gas, announced today that it has signed a Letter of Intent with Astris Energi Inc. (OTCBB:ASRNF), a world leader in alkaline fuel cells.

The proposed joint venture plans to produce complete stationary electric power systems for the world-wide household and commercial markets. The merging of a reliable alkaline fuel cell (Astris) with a low-cost supply of hydrogen (AEC) is expected to provide...

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