INSEQ Technologies Corporation INSEQ Announces Design and Manufacturing Agreement with Battery Manufacturer
INSEQ Technologies Corporation (the "Company") (OTC Bulletin Board:INSQ) today announced contracts for design and manufacturing tooling for a new client who makes nickel metal hydride batteries for fuel cells. These batteries are used in hybrid cars, boats, and backup power supplies for commercial buildings.
The contract is for the design and manufacturing of specialized equipment used in the manufacturing process for these batteries. The Company expects work under the contract to be ongoing for the next 5 years.
"This is a new venture," said Tony Warnecke, president of the INSEQ's design subsidiary. "It is exciting to assist implementing new technologies which will help preserve our country's oil supply. Our employees are enthusiastic to work on this project and it is a welcome addition to our array of capabilities."
About INSEQ Technologies Corporation
INSEQ Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. INSEQ's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, INSEQ intends to acquire and integrate a series of strategically compatible companies during 2005.
More information on INSEQ is available online at www.inseq.com.
INSEQ is 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a business development corporation whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of INSEQ Technologies Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
