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."
