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Millennium Cell Acquires Gecko Energy

Millennium Cell Inc. (NASDAQ: MCEL), a leading developer of hydrogen battery technology, has acquired Gecko Energy Technologies, Inc. through a merger of Gecko with a subsidiary of the company. Millennium Cell had previously owned approximately 34% of the outstanding shares of Gecko. In February of 2006, the companies entered into a three year agreement to focus on development of Gecko’s PowerSkin(TM) fuel cell technology to support the application of hydrogen batteries in portable electronic devices. Since that time, the collaboration has resulted in the development and small scale manufacturing of PowerSkin(TM), a thin passive planar fuel cell module that could be a leap forward in the architecture of power sources for portable devices. Earlier this year the companies collaborated to power a wireless camera and have received interest in these power sources from a number of potential customers. The two companies will initially focus on developing fuel cell power products to address military and consumer electronics applications that require less than 20 watts of power. “Our joint development programs with Gecko have convinced us that their fuel cell products will be successful in handheld devices and sensors that are used by both commercial and military applications,” says Adam Briggs, President, […]

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Earth Biofuels Acquires Ethanol Facility

Earth Biofuels, Inc. (OTCBB:EBOF) announced that its subsidiary Earth Ethanol, Inc. has entered into an agreement with Liquafaction Corp. to construct and operate an ethanol production facility near Moses Lake, Washington. Earth Ethanol will own 80% of the facility, which is projected to produce 36 million gallons of ethanol per year by the end of 2007. The project is a renovation and expansion of an existing ethanol plant built in 1992 with an original capacity of approximately six million gallons per year. The facility will be upgraded with state-of-the-art processes and controls and will be able to process both corn and barley as feedstock for the ethanol production. Moses Lake is located in Grant County, the largest corn-producing county in the state of Washington, and is adjacent to the largest barley producing counties in the state. The ability to operate on two grains will help to reduce the exposure to rapidly changing corn or barley prices. Production at the facility is expected to increase incrementally – from an initial 12 million gallons per year in June of 2007 to 36 million gallons per year by November 2007. About Earth Biofuels Earth Biofuels produces and distributes biodiesel fuel through the company’s […]

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India Completes Huge Dam

URL: http://www.planetark.com/dailynewsstory.cfm/newsid/39670/story.htm Website: http://www.planetark.com/dailynewsstory.cfm/newsid/39670/story.htm     

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