Digital Gas, Inc.(fka DIGGQ)

[Buckey]

2006-06-16 19:09 ET - News Release



NEW YORK -- (Business Wire) -- June 16, 2006

Digital Gas, Inc. (OTC Pink Sheets:DIGG) announced that
Digital Sofcell LLC, its subsidiary specializing in low-temperature
solid oxide fuel cell technologies ("LTSOFC"), was reorganized into
Digital Sofcell Corporation for funding purposes and to prepare for an
application to a senior exchange. Digital Sofcell 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 Sofcell Corporation will enable it to open
a manufacturing site for fuel cell stack and integrated system
production, as well as for future research and development. Digital
Gas management believes that the LTSOFC products and systems that it
will be manufacturing and marketing will be the leading products in
many major applications. The following provides basic information on
the current status of the products which will be ready for initial
product introduction within the next twelve months.
¶ Four advantages of the LTSOFC products and technologies are that:
1. they will operate at lower temperatures than other SOFC
technologies thereby avoiding expensive materials in SOFC stack and
system construction, significantly reducing final product cost; 2. the
LTSOFC materials are based on plentiful natural resources and are
fully patented as to composition and process, which will also
significantly reduce final product cost; 3. existing joint venture
relationships already provide technical, manufacturing and supplier
advantages; and 4. the LTSOFC products and technologies have been
patented in all major industrial nations worldwide. This unique
LTSOFC, based on patented materials and processes, insure that future
fuel cell products will maintain the highest commercial competitive
advantage.
¶ The first five products to be marketed include: 1. 1-5 kW units
for home power generation (combined heat and power - "CHP"), which
will make users grid independent; 2. 3-10 kW units for light or hybrid
transportation vehicles; 3. 1-10 kW on-board APU (Auxiliary Power
Unit) for cars, trucks, ships, trains, as well as related devices and
systems; 4. 20 kW or more units for district CHP supply, as well as
for alternative sustainable power sources, such as solar energy, wind
energy, et cetera, to provide independent CHP grid and sustainable
green energy; 5. less than 1 kW units for various electronic devices
and equipment, i.e. stand-by power supplies, laptops, et cetera.
¶ These products and technologies are superior to other products and
systems on the market because: 1. the LTSOFC will be the least
expensive technology on the market by a significant amount; 2. the
cost advantages associated with this price breakthrough can be
obtained at even small production levels; 3. the LTSOFC will be of the
highest quality and made with the best materials available; 4. the
unique patented composite materials and technologies combine two ionic
resources to enhance the fuel cell output (the fuel cell current is
proportional to the transported ion numbers); and 5. the quality and
strengths of the strategic partnerships employed to manufacture and
market the products, technologies and systems.
¶ The Digital Sofcell LTSOFC technology is endorsed by a leading
automotive parts manufacturer. This and other significant support
information will be made available only through the company's legal
counsel and only within the context of a major funding commitment.
¶ Digital Sofcell Corporation now joins the other four Digital Gas
subsidiaries that are actively sourcing appropriate bridge and project
funding from institutional and other investors, as well as considering
possible applications to a senior exchange.
Contacts:

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