Powerzinc and Zhejiang Energy Group to Explore Cooperation Potential
=== July 28, 2003 ===

Delegates of China Zhejiang Energy Group, the Research Institute of the Thermodynam Energy of Zhejiang University, and Zhejiang Beilun Power Plant visited Powerzinc Shanghai and the US/China Energy and Environmental Technology Center (EETC), which has its office inside Powerzinc¡¯s facility, on July 28, 2003. In addition to signing a memorandum of cooperation with EETC, the delegates also toured Powerzinc¡¯s factory and test-drove its ¡°Long Range¡± electric bicycle powered by zinc-air fuel cells. This type of electric bicycle was developed by Powerzinc and is first of its kind. Powerzinc has started marketing this product in Shanghai market since June.

The delegates were impressed by the function and capability of zinc air fuel cell powered electric bicycles and believed there would be tremendous market potential for such environment-friendly products in China.

Both parties are also interested to explore strategy alliance and cooperation potentials in the future.

 


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