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COSTA
MESA, CA, U.S.A. -December 13, 2004-- QuantumSphere,
Inc., today announced it has filed three extremely
broad patent applications for nanonickel to support
the company’s existing technology framework that will
enable QuantumSphere to manufacture commercial quantities
of nanonickel (n-Ni). QuantumSphere produces the highest
quality and quantity of nanonickel in the world. Nanonickel
has the potential to replace platinum as the main
catalytic material in a variety of hydrogen fuel cells.
A shift from platinum to QSI-nanoTM nickel would result
in a reduction in the cost of fuel cell catalysts
by up to 75%, based on current prices. The news follows
QuantumSphere’s announcement earlier in the year that
it completed the buildout of a large-scale reactor
for the production of nanonickel (n-Ni) that will
be used to produce a renewable source of power to
supply the world’s energy needs.
“Companies
and governments collectively waste billions of dollars
a year as a byproduct of their over-reliance on using
platinum as a catalyst. As a result, the annual $10
billion platinum group metal catalyst market will
inevitably be impacted by the fact that our nanonickel
can be used to achieve better results, for many of
the same applications that people use today, at a
75% cost reduction,” said Kevin Maloney, CEO, QuantumSphere,
Inc. “We welcome corporations and governments to see
first-hand how QuantumSphere has accomplished a monumental
milestone in the history of the global energy catalyst
markets, as QuantumSphere is the only company that
can provide: consistent, narrow particle size distribution;
low level of agglomeration and impurities; custom-tailored
oxide shell thickness; and the highest purity nanonickel
on the market,” Maloney added.
“Nanonickel can be
used in the electrolytic membranes of various types
of fuel cells,” said Dr. Douglas Carpenter, Chief
Scientific Officer and Director of Research and Development,
QuantumSphere, Inc. “The dramatic cost reduction results
from the fact that nanonickel will replace platinum
as the main catalytic material in the membrane, as
nanonickel is 75% cheaper than platinum. Nanonickel
manufactured into the fuel cell membranes is far more
efficient and robust than pressed carbon in current
membranes, which will lead to a longer service life
for the fuel cells,” Dr. Carpenter added.
Some of the markets
QuantumSphere will enter include: power for automobiles;
remote, portable, and distributed power generation;
residential, industrial and commercial power systems;
heavy equipment; consumer electronics; and other government
and military applications.
About
QuantumSphere, Inc.
QuantumSphere manufactures leading metallic nanopowders
for breakthrough propellants, munitions and other
energetic applications in the aerospace, defense,
energy and other markets demanding advanced material
applications.
QuantumSphere’s exclusive manufacturing process provides:
consistent, narrow particle size distribution; low
level of agglomeration and impurities; custom-tailored
oxide shell thickness; and the highest purity metallic
nanopowders on the market that are easier to transport
and handle. The company manufactures the highest quality
of metallic nanopowder in the industry without compromising
its commitment to the environment. No other company
offers these performance advantages, as QuantumSphere
has a 2-year lead ahead of its competitors. The company
will leverage its leading market position in nanoaluminum
(n-Al) to introduce nanonickel (n-Ni) applications
for fuel cells, and other applications including additives
for plastics and electromagnetic frequency shielding
applications.
For
more information, visit www.qsinano.com or contact
Joe Romano, Partner, HighGround, Inc. at 781-279-1320
x 208 or jromano@highgroundinc.com
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