GEI Administration Control Panel


June 2014

http://www.marketwatch.com/story/gei-global-energy-corp-announces-us-patent-for-fuel-cell-stack-design-2014-06-05

FLINT, Mich., Jun 05, 2014 (GLOBE NEWSWIRE via COMTEX)

 

GEI Global Energy Corp. GEIG 0.00% , a fuel cell power systems company, announced that GEI Founder and CEO Dr. K. J. Berry, P.E., along with Kettering University researchers Dr. Susanta K. Das and Jayesh Kavathe, received a U.S. patent (US 8,623,565 Jan. 2014) entitled: "Assembly of bifurcation and trifurcation bipolar plate to design fuel cell stack". "We are pleased with the issuance of this crucial patent as this innovation improves the fluid flow and energy transport through active channels of both the anode and cathode fuel cell stack bipolar plates", stated GEI Global CEO, Dr. Berry. "The result being improved heat and water management, and fluid flow distribution. The initial test results show a 22% increase in individual cell voltages."

Across the world, the call for using renewable sources of energy for electricity generation has been increasing. In terms of megawatts shipped, the stationary sector continued to lead the fuel cell industry thanks to the large size of individual units with a predicted 52% increase for 2013 with over 190 MW of newly installed fuel cell power (Fuel Cell Industry Review 2013). Fuel cell markets will grow from an estimated $629.8 million in 2013 to $2.5 billion by 2018, with a CAGR of 32.2% from 2013 to 2018 (Markets and Markets, Dallas, TX).

Toward the goal of meeting the world's thirst for affordable, plentiful, and clean energy, GEI Global has developed targeted global customers and markets that include large scale power generation, data security and telecommunications, back-up stationary power, disaster and emergency relief, military and marine ancillary power, and commercial real estate.

Within the fuel cell industry an improved heat transfer and fluid flow management is critical to an extended fuel cell membrane life and fuel cell stack longevity as evidenced by the increased fuel cell stack voltages, which leads to an increased fuel cell stack power density. As such, an increased power density results in a smaller fuel cell and less occupied space which reduces overall system cost.

"The improved high temperature PEM (Polymer Exchange Membrane) fuel cell stack design will allow GEI Global to aggressively scale our commercialization time-table for deployment of clean, efficient, and environmentally friendly fuel cell power systems in Italy, India, and the Dominican Republic", Dr. Berry continued. "We expect this development to allow GEI Global to exceed the 50,000 hour membrane life cycle requirements while operating on cost-effective natural gas and providing primary power for stationary and auxiliary power applications. The GEI Global hybrid energy technology architecture also benefits from prior US patent (US 7,843,185) which allows for the integration with solar and wind and other alternative energy sources. This integration improves the ROI for both by ensuring consistent premium power independent of environmental conditions while significantly reducing the cost of energy for fuel cell operations."

About Dr. Berry and Kettering University

Recognized as an international Fellow of the Society of Mechanical Engineers and the founder of the Kettering University Fuel Cell Research Center, Dr. Berry has extensive engineering systems design experience including a 28-year tenure as a Professor of Mechanical Engineering. Kettering University is a world-class institution with a storied history of engineering, business, and science education.  Furthermore, as the objective of the Kettering Office of Sponsored Research is to pursue diligently the best opportunities to transfer Kettering Intellectual Property consistent with the missions of the University, the inventors have pending agreements with the University for exclusive commercialization rights.

About GEI Global Energy

GEI Global Energy is a fuel cell power systems company leveraging a menu of novel and innovative fuel cell power systems innovations 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 cells have several advantages over current energy producing technologies. They are efficient, environmentally benign, fuel flexible, modular, scalable, have low and easy maintenance, and are adaptable to specialized applications. Fuel cells can also be “stacked” to produce voltage levels that match specific power needs for a wide variety of uses. As such, fuel cells offer one of the most promising technologies for delivering clean and efficient power for automotive, industrial, residential and consumer applications. While many technical and engineering challenges remain, fuel cells hold the potential to provide major environmental, energy and economic benefits that advance critical national environmental goals. Widespread use of fuel cells may hold the answers to some of our most significant energy shortage challenges for the future and could mark a historical turning point, reducing dependence on fossil fuels, improving the environment, and creating a sustainable and energy secure hydrogen-driven economy.

Fuel Cell Commercialization Barriers

Although significant financial resources have been invested in fuel cell technology over the last few years, the following are typically agreed to as primary barriers to mass market commercialization. They are:

1. Lack of a hydrogen infrastructure for fuel storage and distribution.
2. Cost of ownership due to use of precious metals for fuel cell membranes.
3. Lack of large volume applications to minimize both membrane and component cost, and overall manufacturing cost, and;
4. Lack of robust fuel cell power system design that is flexible and adaptable to the varying needs of the user and minimizes engineering cost for use with multiple applications with different power requirements.

GEI's Commercialization Strategy

Global Energy Innovations (GEI) is part of the Fuel Cell and Sustainable/Alternative Energy industry and has a target market that includes portable and on-board fuel cell power generation applications requiring efficient, clean, near-zero emissions, and silent operations in the 2kW to 10kW nominal power range.

GEI's competitive strategy is the economical processing of hydrogen from locally available logistics fuels combined with flexible, adaptable, and reconfigurable power electronics. This strategy provides a pathway to large volume commercialization of fuel cell power systems. Our innovative technology is customer centric and is driven by a commercialization reality that provides opportunities for the rapid integration of fuel cell power systems for markets typically restricted by the lack of a hydrogen infrastructure and allows for a common fuel cell architecture accross multiple application areas. This "Blue Ocean"strategy is fundamental to GEI's success.

GEI Commercial Pathways

The ability to extract hydrogen economically from locally available logistic fuels provides commercialization pathways into application markets traditionally unavailable to fuel cell power systems due to cost and the lack of a hydrogen infrastructure. The graphic below shows the commercialization pathways for the GEI X5 high temperature fuel cell APU with adaptable and reconfigurable power electronics.

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