Nano Global Inc (NNGB)

[allthewaytothebank]

News out..



NanoSignal Corp. -- Formerly MicroSignal -- Announces Purchase Agreement For Ballard AirGen Fuel Cell Generators to Be Included in SLICES Products
Tuesday January 13, 2:17 am ET


LAS VEGAS--(BUSINESS WIRE)--Jan. 13, 2004--NanoSignal Corp. (OTCBB:NNOS - News) announced today that it has entered into an agreement with Energy Ventures Organization ( http://www.EnergyVentures.org ) for Ballard Power Systems AirGen(TM) fuel cell generator units, through the Fuel Cell Store ( http://FuelCellStore.com ) of Boulder, CO.
ADVERTISEMENT


The terms of the agreement were finalized on December 19, 2003, with beta testing of SLICES(TM) beginning this month, January 2004. The agreement for the Ballard AirGen(TM) fuel cell generator units through Energy Ventures Organization (http://www.EnergyVentures.org) and the Fuel Cell Store (http://FuelCellStore.com) will provide initial AirGen(TM) fuel cell generator units. The AirGen(TM) fuel cell generators will be included in the initial beta testing at four MRI sites currently operated by Desert Radiology in Las Vegas. The initial units will be evaluated by NanoSignal Corporation (NNOS) R&D division for 45 days. Upon the determination that this unit meets the requirements it will be packaged with NanoSignal Corporation's MRI SLICES(TM) products. NanoSignal Corporation will include the Ballard AirGen(TM) fuel cell generators at no extra cost with each SLICES(TM) unit. Upon the determination that this unit meets the requirements, NanoSignal Corporation (NNOS) will purchase additional AirGen(TM) fuel cell generator units. Further information regarding the Ballard AirGen(TM) fuel cell generator can be seen at the Fuel Cell Store (http://FuelCellStore.com).

The AirGen(TM) fuel cell generator is a fuel-cell based portable power supply designed for intermittent use in medical, home and office environments. It is capable of delivering up to 1 kW of 120 VAC (alternating current) electrical power. The AirGen(TM) fuel cell generator provides continuous pure electricity by filtering the line power to insulate sensitive electronics from voltage jolts and brownouts. It also will act as an uninterruptible power supply (UPS), providing immediate backup power to SLICES(TM) when there is a line outage.

At the heart of the AirGen(TM) fuel cell generator is a Ballard(TM) fuel cell that combines oxygen from ambient air and hydrogen to generate electrical power. Alternatively, hydrogen can be supplied from an optional source such as a high pressure cylinder. The fuel cell process does not involve combustion and is a zero emissions product. Water vapor and heat are released as by-products. The fuel cell can operate continuously as long as hydrogen is supplied. The AirGen(TM) fuel cell generator also includes batteries, which provide instant power while the fuel cell is starting up. The batteries are recharged by the fuel cell when it is running or by the line power when it is available. The batteries also provide overload capability for supporting brief power surges.

MRI clinics, hospitals and radiology practice groups interested in beta testing SLICES(TM) should contact Sherry Yavelak by email at [e-mail] or calling 724-746-9476 to discuss becoming a select beta testing licensee. The terms of the SLICES(TM) Beta Testing Agreement may be viewed online at the company's website www.nanosignalcorp.com or may be emailed to interested parties by contacting Ms. Yavelak. Enrollment in the beta testing protocol is limited with qualified candidates to be selected based upon market presence, geographic diversity, commitment to community and other factors.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions. No assurance can be given that these are all the factors that could cause actual results to vary materially from the forward-looking statement.



--------------------------------------------------------------------------------
Contact:
Energy Ventures Organization
John Bonaventura, 702-326-5431
or
Fuel Cell Store
Jason Burch, 303-237-3834
or
Princeton Research Inc.
Michael King, 702-650-3000