GEI Administration Control Panel


June 19, 2014, 7:49 a.m. ET

http://online.wsj.com/article/PR-CO-20140619-905335.html

GEI Global Energy Corp. Announces Board Expansion to Include School of Business Dean

FLINT, Mich., June 19, 2014 (GLOBE NEWSWIRE) -- GEI Global Energy Corp. (OTCBB:GEIG), a fuel cell electric power generation company, announced the expansion of its Board of Directors to include Dr. Cleamon Moorer, Dean of the School of Business at Madonna University, Livonia, Michigan. Dr. Moorer has held faculty positions while assuming leadership roles at Dominican University, Kettering University, Saint Xavier University, and Roosevelt University. His corporate experience stems from serving as a consultant, service executive, project manager and telecommunications engineer at (2) Fortune 100 Corporations: (General Motors and AT&T). He teaches international business, management, and strategic management.

Dr. Moorer, stated, "I am honored and extremely pleased to work with Dr. Berry and the GEI Global team. GEI Global will continue to develop as a driving force in the alternative energy and power systems industry, both domestically and abroad. I look forward to helping the Company in any way possible to reach their international customer base."

"GEI Global will certainly benefit from the wealth of academic expertise regarding International Business as GEI Global seeks to commercialize its fuel cell electric power generation technology for markets abroad such as Italy and Asia," stated GEI Global CEO, Dr. Berry. "Dr. Moorer will work with the Company to develop strategic initiatives for global deployment and to assist with understanding global cultures and aligning our international product focus. We are very fortunate to have the opportunity to benefit from the global mind-set and teachings of Dr. Moorer," concluded Berry.

About GEI Global Energy Corp.

GEI Global Energy Corp is a fuel cell electrical power generation company leveraging a menu of novel and innovative fuel cell power systems technologies to provide clean and inexpensive energy solutions for developing economies.

For more information regarding GEI GLOBAL's vision for an energy secure future, please click on the following video link: http://private.geiglobal.com/wp-content/uploads/2013/06/who-is-gei5.mp4.

Safe Harbor Statement

This report includes forward-looking statements covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal year 2012 and beyond could differ materially from the Company's current expectations. Forward-looking statements are identified by words such as "anticipates," "projects," "expects," "plans," "intends," "believes," "estimates," "targets," and other similar expressions that indicate trends and future events.

Factors that could cause the Company's results to differ materially from those expressed in forward-looking statements include, without limitation, variation in demand and acceptance of the Company's products and services, the frequency, magnitude and timing of paper and other raw-material-price changes, general business and economic conditions beyond the Company's control, timing of the completion and integration of acquisitions, the consequences of competitive factors in the marketplace including the ability to attract and retain customers, results of continuous improvement and other cost-containment strategies, and the Company's success in attracting and retaining key personnel. The Company undertakes no obligation to revise or update forward-looking statements as a result of new information, since these statements may no longer be accurate or timely.

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Fuel Cell Overview

Fuel cells are a highly efficient, combustion-less, and virtually pollution free energy source that provides electricity to power a wide array of applications including buildings, automobiles, emergency back-up systems, laptop computers, and numerous other consumer devices. In principle, a fuel cell is an electrochemical device that operates like a battery. However, unlike a battery, a fuel cell requires re-fueling, and not recharging.

A fuel cell uses fuel — usually hydrogen extracted from natural gas, propane, or other carbon based fuels, and oxygen extracted from air — to produce electricity. Fuel cells will continue to produce energy in the form of electricity and heat as long as there is a constant fuel source. Hydrogen fuel cells work simply, have no moving parts, and operate silently with water and excess heat as the only by-products.

fuelcellprocess

Specific industries that employ fuel cell power systems are:

  • Auxiliary Power
    • Commercial Trucking
    • Recreation Vehicles and Motor Homes
    • Marine
  • Portable Power
    • Disaster Relief Emergency
  • Back-up Stationary Power
    • Consumer
    • Defense and Homeland Security
    • Data Security
    • Telecommunications

GEI 's X5 furthermore has a rather significant competitive advantage in the use of high temperature polymer exchange membrane (HT-PEM) fuel cell stacks. Although HT-PEM stacks normally have a lower power density than traditional low temperature PEM stacks, GEI’s proprietary bi-polar plate flow field designs increases power density by 25% due to efficient flow distribution and thermal management. The primary advantage of HT-PEM stacks is the increased tolerance to reformed fuel impurities, such as CO and sulfur, and results in a smaller, and less expensive overall system with higher efficiencies although individual cells have a lower power density. The higher tolerance to fuel impurities and higher operating temperatures provide the capability to reform logistic fuels, if necessary, such as low sulfur diesel, propane, methanol, ethanol, and bio-diesel fuels. The high fuel impurity tolerance also results in decreased logistics fuel processing equipment requirements and therefore decreased overall cost and increased system reliability.

Finally, due to GEI’s strong engineering background, a core strategic advantage is the area of systems integration and robust product design methodology. GEI’s strong focus on systems engineering and design optimization will help to streamline the design process, increase overall product quality and provide a product for the marketplace that is robust, adaptable, and will reduce re-engineering design cost for new markets.
 

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