Digital Gas, Inc.(fka DIGGQ)

[Buckey]

2006-06-15 14:27 ET - News Release



NEW YORK -- (Business Wire) -- June 15, 2006

Digital Gas, Inc. (OTC Pink Sheets:DIGG) announced that
Digital Ultracap LLC was reorganized into Digital Ultracap Corporation
for funding purposes and to prepare the ultra-capacitor subsidiary for
an application to a senior exchange. Digital Ultracap Corporation will
own 100% of the limited liability company which will henceforth be
used for financing purposes. A major law firm has been retained to
coordinate all funding and listing matters.
¶ The funding of Digital Ultracap Corporation will enable it to open
a manufacturing site it has chosen for ultracap production. Digital
Gas management believes that the ultra-capacitor or "ultracap" it will
be manufacturing and marketing will be the leading product in its
class in many major applications. The following provides basic
information on the current status of the products presently ready for
market.
¶ Five advantages of the ultracap product are: 1. The ultracap will
reduce grid supplied peak power demand as low-cost off-peak power can
be stored inside the ultracap for delivery at peak time; 2. The
ultracap can be used in any grid connected or Renewable Energy hybrid
power system (PV, Wind, et cetera) for power storage and power
balancing (peak-shaving); 3. The ultracap will have the lowest cost
per kW and kWh and an extremely long lifespan (decades) without any
significant degradation; 4. The ultracap is an environmental friendly
power storage system as it uses no hazardous materials or chemicals;
and 5. The ultracap's widespread use will eliminate brown-outs and,
depending on the installed capacity in any particular area, there will
be no more black-outs.
¶ The first five products to be marketed will be: 1. a hybrid system
for storing and balancing generated power (PV, Wind, Fuel Cell); 2. a
system for truck and automotive cold weather starts that will improve
performance in parallel with existing batteries; 3. uninterrupted
power supply systems for grid connected end users; 4. power balancing
and backup systems for hospitals, offices, data-hotels, telecom,
high-end power users and others; and 5. a system for improving the
quality of grid supplied power (frequency, voltage, et cetera).
¶ This ultracap is better then other products and systems on the
market: because: 1. it is faster in storing and supplying power; 2.
the capacity per weight and volume as well as the efficiency is higher
than any other competitive product currently on the market; 3. all
other capacitors are cylindrical and consume more valuable space per
volume than our stretched-type ultracap; 4. the weight per volume is
less than the competition.
¶ Digital Gas has engaged Benelux Capital to source appropriate
bridge and project funding from institutional and other investors for
three subsidiaries, Synfuel Corporation, Great Lakes Energy & Farming
Corporation and Digital Electric Corporation. Digital Ultracap
Corporation will ask Benelux Capital to source funding for the
acquisition of the ultracap manufacturing facility and for the
commencement of commercial operation.
Contacts:

Digital Gas, Inc.
Brian Smith, 732-927-4073
Source: Digital Gas, Inc.