UltraGuard will market a Magnesium-Air Fuel Cell
UltraGuard acquired by share exchange all the issued and outstanding shares of Innovative Fuel Cell Technology Inc., the holder of an option to acquire the world rights to a Magnesium-Air Fuel Cell developed by MagPower Systems Inc. UltraGuard and MagPower performed testing of the Magnesium-Air Fuel Cell using a prototype Fuel Cell to power UltraGuard's Point of Use water purification unit. In a news release issued by MagPower, its President, Bruce Downing, stated "This was the first direct use of our fuel cell on a specific application and we are extremely pleased with the results." UltraGuard completed an agreement with MagPower to purchase the worldwide rights to manufacture and market the Magnesium-Air Fuel Cell. UltraGuard's interest in this technology stems from its desire to reach new and virtually untouched marketplaces.
With a desperate need of clean drinking water in many parts of the world where electrical power is not available, the marriage of these two products will permit UltraGuard to enter a market where few if any competitors can enter. With the affordable fuel cell used to pump the water and to power UltraGuard's UV unit, thousands of liters of clean and safe drinking water are available to even the most remote village or residence. Additionally, the fuel cell is available to power basic lighting needs, radios, and televisions. To replenish the battery's power, a simple and inexpensive exchange of magnesium plates, hydrogen inhibitor, and the addition of salt water have the fuel cell up to full power instantly. UltraGuard will actively pursue international interest in representation and sublicensing of these products. UltraGuard Water Systems Corp., headquartered in Vancouver, British Columbia, is a public company emerging as a provider of ultra-violet drinking water purification and filtration systems for the global multibillion-dollar residential marketplace.
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Document ID: 11380
Document Type: Article
