AEC Signs Fuel Cell Technology Agreement

July 13, 2003 by Jeff Shepard

Alternate Energy Corp. (AEC, Las Vegas, NV) announced information on an exciting new agreement for AEC. AEC has signed a letter of intent with Select Molecular Technologies Inc. (Mississauga, Ontario, Canada) to explore a sharing of technologies to create a new and novel method of generating electricity for the retail consumer. This will involve the use of a newly developed fuel cell and storage battery.

Blaine Froats, chairman of AEC, stated, "Select Molecular Technologies Inc. is a private Canadian company that is associated with Mega-C Technologies and Mega-C Power. Mega-C Power is a technology leader in the field of next-generation, high-efficiency and environmentally friendly batteries."