http://ens.lycos.com/e-wire/Feb01/20Feb0103.html Trimol Group Consummates Exclusive World-Wide License of Aluminum-Air Fuel Cell Technology
NEW YORK, NY, Feb. 20, -/E-Wire/-- Trimol Group, Inc. (OTC-BB: TMOL) (the "Company") announced today that it has consummated a Technology Acquisition Agreement (the "Agreement") for proprietary aluminum-air fuel cell technology with Aluminum-Power, Inc., a privately held fuel cell development company headquartered in Toronto, Canada. The Agreement provides the Company ( with the world-wide rights to a fuel cell technology developed by Aluminum-Power ( for use in portable consumer electronics, such as cellular telephones, laptop computers, hand-held devices and other electronic products. It is believed by many that the fuel cell is the next evolution of power generation. "The Company believes that Aluminum-Power's aluminum-air fuel cell places it on the cutting edge of this extraordinary transition in power delivery systems," advises Alexander M. Gordin, the Company's Chief Executive Officer. The Company has developed a number of battery product prototypes which are powered by Aluminum-Power's fuel cell. The first product the Company anticipates bringing to market is a cellular telephone battery, to be followed by a computer laptop battery. "Aluminum-Power's fuel cell puts the Company in a position to become a leader in powering the wireless revolution," stated Mr. Gordin. Tests on the Company's cellular telephone battery prototype have shown that its aluminum-air fuel cell powered battery provides more talk time than any other battery on the market today. Rafael Ferry, the Company' s Vice President of Marketing, advises "the Company is continuing its extensive technology development program in cooperation with Aluminum-Power with a target goal of up to 24 hours talk time and a heretofore unknown stand-by time of up to 30 days. These anticipated results are head-and-shoulders above any cellular telephone battery technology currently available. "The Company anticipates full capacity production of its aluminum-air fuel cell powered cellular telephone battery by Spring of 2002," reports Mr. Ferry. In addition, the Company has entered into discussions with Aluminum-Power in connection with joint cooperation and development of future products, devices and systems incorporating Aluminum-Power's fuel cell technology. This acquisition adds to the Company's technology based assets. Intercomsoft Ltd., a subsidiary of the Company for close to three years, provides proprietary technology used to produce secure identification documents and has consistently proven to be a profitable asset of the Company. Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In addition to the factors set forth above, other important factors that could cause actual results to differ materially include, but are not limited to, technical risks associated with new technology development, government regulatory approvals and access to working capital. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company's SEC filings. Copies of these filings may be obtained by contacting the Company or the SEC. The Company undertakes no obligation to update any of the forward-looking statements contained in its press releases. SOURCE Trimol Group, Inc. -0- 02/20/2001 /CONTACT: Rafael Ferry, Vice President of Marketing, Trimol Group, Inc., Phone: 212.554.4394 or 866.277.FUEL (3835), extension 224/ /Web site: http://www.trimolgroup.com/ ------------------------ Yahoo! Groups Sponsor ---------------------~-~> eGroups is now Yahoo! Groups Click here for more details http://us.click.yahoo.com/kWP7PD/pYNCAA/4ihDAA/FZTVlB/TM ---------------------------------------------------------------------_-> Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html To unsubscribe, send an email to: [EMAIL PROTECTED] Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
