Power Air Corporation Enters Collaboration Agreement with Schrader Bridgeport International

Strategic Insights -

Power Air Corporation has entered into a collaboration agreement with Schrader Bridgeport International to commercialize a zero-emission, back-up power generator. This agreement marks an important milestone for Power Air, with the company showcasing its Zinc Air Fuel Cell (ZAFC) technology. The collaboration aims to develop and commercialize a cost-effective, refuelable backup generator that can operate indoors, safely, silently, efficiently, and emissions-free. This development is expected to attract consistent interest from potential customers and distributors worldwide.

Key Takeaways:

  • Power Air Corporation has entered into a Collaboration Agreement with Schrader Bridgeport International to commercialize a zero-emission, back-up power generator.
  • The agreement marks an important milestone for Power Air, showcasing its Zinc Air Fuel Cell (ZAFC) technology.
  • The collaboration aims to develop and commercialize a cost-effective, refuelable backup generator that can operate indoors, safely, silently, efficiently, and emissions-free.
  • Power Air has the exclusive worldwide license to zinc-air fuel cell technology developed at the Department of Energy's Lawrence Livermore National Laboratory.
  • Schrader Bridgeport International is a wholly owned subsidiary of Tomkins plc, a world-class global engineering and manufacturing group with market and technical leadership across its two business groups: Industrial & Automotive and Building Products.
  • Tomkins plc has 132 manufacturing facilities around the world with sales of $5.9 billion dollars in 2005.
  • Power Air Corporation is engaged in the business of developing, manufacturing, and marketing fuel cell-based commercial products.
  • Donald Ceci, VP Sales and Marketing at Power Air, stated that "Our technology is attracting consistent interest from potential customers and distributors worldwide."
  • Brian Bauer, Vice President of Business Development at Schrader-Bridgeport, stated that "The adoption and commercialization of Power Air's environmentally friendly technology will allow us to offer an alternative to the growing back-up generator market."
  • According to the Comtex SmarTrend(SM) Alert, a downtrend was indicated on 12-28-2005 for Intel (INTC) @ $25.53, 05-18-2006 for Level 3 Communications, Inc. (LVLT) @ $4.73, and 04-28-2006 for Microsoft Corp. (MSFT) @ $24.28.

Statistics:

  • $5.9 billion: The total sales of Tomkins plc in 2005.
  • 132: The number of manufacturing facilities Tomkins plc has worldwide.
  • 117.5 million: The number of shares of Intel (INTC) traded on 3.5% up.
  • 86 million: The number of shares of Microsoft Corp. (MSFT) traded on 1.7% up.
  • 33.8 million: The number of shares of Level 3 Communications, Inc. (LVLT) traded on 2.6% up.
  • $4.73: The price of Level 3 Communications, Inc. (LVLT) on 05-18-2006.
  • $24.28: The price of Microsoft Corp. (MSFT) on 04-28-2006.
  • $25.53: The price of Intel (INTC) on 12-28-2005.

Sources:

  • Stock Market Alerts
  • Power Air Corporation
  • Schrader Bridgeport International
  • Tomkins plc
  • Comtex SmarTrend(SM) Alert
  • Wall Street E-News Alert
  • Quality Stocks
  • National Financial Communications Corp