New Technology is here (News)

With oil prices crossing the $50 dollar a barrel threshold and oil pundits predicting
a price of $100 per barrel by 2010, it is no wonder that Bharat Petroleum, India's second largest Petroleum Company (sales of $10-Billion annually) is embracing the hydrogen economy by testing Palcan's rare earth metal hydride hydrogen storage canisters on two and three wheel vehicles.

Huge companies like Ford, Daimler-Chrysler and Honda have delivered fuel cell powered vehicles to the US marketplace, a demonstration that fuel cell power is not just a thing of the future — it is here now, today!

A commitment made recently by the Canadian Government to advance fuel cell commercialization using the proceeds from the privatization of its state-owned Oil Company.

Palcan has a partnership with the well respected, 170-year old trading house Nagase of Japan (sales of $4-Billion annually), to sell Palcan's products to the Japanese market.

Research Institutions such as the University of Victoria, which is utilizing Palcan's 1.5 Kw fuel cell powered scooter, are assisting Palcan's commercialization efforts for low output and closed circuit vehicles through rigorous simulation testing regimes that validate durability.

Palcan Power Systems Inc. is a leading developer and manufacturer of proton exchange membrane (PEM) fuel cell systems under 5 kilowatts and rare earth metal hydride hydrogen storage products.
The Company's proprietary and patent pending technologies form the core of the PalPac™ Power Products Suite.

Palcan's 500 Watt integrated fuel cell power module is aimed directly at low output applications where batteries and smaller internal combustion engines (ICE) are the power source. These include stationary, marine, military and portable power applications. The Company's manufacturing, research and development facilities are located in Burnaby, British Columbia and Jiaxing, China.

The Company trades on Canada's TSX Venture Exchange under the symbol "PC".