Stuart Energy to Partner with Toyota on Hydrogen Fueling Infrastructure in Support of California Fuel-Cell Vehicle Community

TORONTO, Ontario, December 2, 2002 - Stuart Energy Systems Corporation (TSX: HHO) announced today that it has been chosen by Toyota Motor Sales U.S.A. (TMS) to provide on-site hydrogen fueling

STUART ENERGY MOBILE H2 FUELING STATION
SHAZZAM, IT'S THERE -- ANYWHERE YOU WANT IT!
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TOYOTA PRESENTS FUEL CELL HIGHLANDERS TO  UNIVERSITY OF CALIFORNIA   DECEMBER 2, 2002
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October 24, 2001
Stuart Energy and Cheung Kong Infrastructure
Sign Exclusive
$600 Million
Letter of Intent
- Hydrogen Back-Up Power Solutions for Asia-Pacific Market -

    Subject to Stuart Energy achieving certain milestones, the letter of intent contemplates minimum purchase orders for 2,750 H(2)BPS [Back-up Power Systems] by March 31, 2004, representing an estimated CDN $600 million in revenue over the term of the seven-year project. Stuart Energy's H(2)BPS is intended to replace diesel-powered systems for existing and newly constructed buildings in the Asia-Pacific market.

     Stuart Energy will be the systems integrator for this project, bringing together the Company's commercial hydrogen technology with commercially available storage and proven internal combustion engine technology. Emerging fuel cell technology will be incorporated into the solutions as it becomes commercially viable.
            PRNewswire/Sturat Energy Systems         October 24, 2001

New  Stuart Energy President & CEO Outlines Mission to Create, Develop and Market Hydrogen Solutions Throughout the World        

U.S. Energy Strategy Underscores Strategic Potential of Hydrogen
  Stuart Energy Systems/PRNewswire     May 18, 2001

TM
August 24, 2000

Ford to Evaluate
Stuart Personal
Fuel Appliance
Canada Newswire

    Stuart Energy Systems Corporation announced today that Ford Motor Company has issued a purchase order to test and evaluate a series of Stuart Personal(TM) Fuel Appliances over the next two years.
    The Stuart Personal(TM) Fuel Appliance is packaged, scaleable, portable and compact proprietary hydrogen fuel technology. The appliances to be delivered to Ford will convert electricity and water into pressurized hydrogen fuel for fuel cell vehicles and test beds on a zero emission basis. Ford is scheduled to receive the first Stuart Energy prototype unit this year.
    Ford will conduct evaluations and provide information on usability and performance. The data will be incorporated into subsequent prototypes to be delivered to the automaker over the two year period. Andrew Stuart, President and CEO of Stuart Energy, said Ford's interest in the Stuart Personal(TM) Fuel Appliance development program will be very valuable in preparing the product for market.
    "Ford's feedback will help us to develop a user friendly and cost effective hydrogen fueling product. Our plan is to have the Stuart Personal(TM) Fuel Appliance ready for market at the same time as the hydrogen fuel cell cars are introduced in showrooms."
    Stuart Energy has been collaborating with Ford since 1995, when the Company was contracted by Ford in a study to evaluate a gaseous hydrogen fuel infrastructure option. The Stuart Fuel Appliance approach, consisting of distributed hydrogen generation and supply, was identified by Ford as being an effective solution to the hydrogen fuel infrastructure challenge.

Li Ka-Shing Buys Stake
In Stuart Energy Systems
by Thomas Watson
Financial Post/National Post (Canada)

TORONTO - Cheung Kong Infrastructure, the infrastructure arm of billionaire Li Ka-shing's Cheung Kong Holdings Ltd., has bought an 18% stake in Stuart Energy Systems Corp., a Toronto-based developer of hydrogen fuel technology and supply systems in the process of filing for an initial public offering expected to be underwritten by CIBC World Markets Inc.
    Already a 15.4% shareholder, CKI has paid a total of $16-million for its stake in the 50-year-old fuel company in recent months, a Stuart Energy spokesperson said yesterday.
    The two companies have also announced a new joint venture, Stuart CKI Corp., which will allow them to distribute Stuart Energy's products in the Australasian region and build the infrastructure to support "a next generation of vehicles powered by hydrogen." Stuart Energy will control 60% of the new venture.

     Cheung Kong Infrastructure
Invests in Canadian Hydrogen Fuelling Company,
Stuart Energy
August 22, 2000 - CKI

    Stuart Energy Systems is a leading developer and provider of generating systems that produce hydrogen at the pressure and purity required for use as a transportation fuel. With its advanced technology, Stuart has mastered the challenge of converting hydrogen into a fuel that is both cost-efficient and easy to transmit. This is a major breakthrough in the field of science as hydrogen has always been a very valuable source of fuel. To capture the market which is expected to grow exponentially arising from regulatory requirements in the US for introducing zero emission vehicles, the company has demonstrated usage of Vehicle Fuel Appliances for hydrogen cars and buses. Hydrogen fuel can also used for home appliances such as heaters and cooking stoves, and in marine propulsion and regenerative power systems.
    Stuart is filing for an IPO and intends to file an amendment to its preliminary prospectus which provides additional details of the relationship between CKI and Stuart. Stuart's IPO roadshow activities will commence at the end of the month, and the company will be introduced to the Hong Kong investment community in the beginning of September. CKI's investment in Stuart has made CKI one of the three cornerstone shareholders of Stuart together with the founding Stuart Family Trust and Samuel C. Johnson Trusts.
    "We are very excited about this opportunity to participate in the pre-IPO stage of a company as promising as Stuart. With environmental protection becoming a global trend, clean and cost-efficient fuel will be the key to future technology growth. CKI sees great potential in the hydrogen fuel business. With Stuart's extensive experience in the hydrogen business and its hi-tech capabilities, we are confident that the company will quickly become a leading supplier of hydrogen fuel appliances and fuel services in a vast range of fuel-driven industries," said Mr H L Kam, Group Managing Director of CKI.
    In addition to acquiring an equity stake in Stuart, which aims to market hydrogen fuel to all fuel-driven industries on a worldwide basis, CKI has obtained exclusive rights to Stuart's technology and products in Asia Pacific. This exclusivity was licenced to CKI by a joint venture company formed by Stuart and CKI (Stuart: 60% shareholding; and CKI: 40%) whose mission is to develop the hydrogen fuelling business in Asia Pacific.

8/4/2000 Stuart Energy Systems Corp. has filed in Canada for an initial public offering of common shares. Net proceeds will be used for research and development, marketing, manufacturing, general working capital, acquisitions and liquidity. The Toronto-based company didn't disclose how much money it intends to raise. The underwriting syndicate for the offering is being led by CIBC World Markets Inc. Stuart develops and supplies hydrogen generation and supply systems. It aims to supply the emerging market for hydrogen as a transportation fuel.

July 6, 2000 Stuart Completes Vancouver Hydrogen Fuel Supply Demonstration to Ballard Fuel Cell Buses -   Canada Newswire

May 30, 2000 Clean-Power Drive Could Lead to Economic Spinoffs
- Montreal Gazette

Stuart Energy's Personal Vehicle Refueling Appliance
NRG Technologies' Hythane Crown Victoria
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STUART ENERGY SYSTEMS
ELECTROLYTIC HYDROGEN REFUELING STATION TO OPEN

Stuart Energy Systems' New Electrolytic Hydrogen Fueling Station

Government of Canada Invests in Improved Refuelling System for Hydrogen Fuel Cell-Powered Vehicles

VANCOUVER, February 8 /CNW/ - The Government of Canada today announced a $5.8 million investment in a $17.7 million
project that will improve the environment and create jobs. The investment will support Stuart Energy Systems, Inc. in developing a
system for improving the refuelling of hydrogen fuel cell-powered buses, such as those being developed by Ballard Power Systems, and other vehicles at a reduced cost.

The announcement was made by Natural Resources Canada Minister Ralph Goodale at the 9th Canadian HydrogenConference.

Technology Partnerships, 2/8/1999

VANCOUVER, British Columbia      February 8, 1999

GOVERNMENT OF CANADA INVESTS IN IMPROVED REFUELLING SYSTEM
FOR HYDROGEN FUEL CELL-POWERED VEHICLES

VANCOUVER -- The Government of Canada today announced a $5.8 million investment in a $17.7 million project that will improve the environment and create jobs. The investment will support Stuart Energy Systems Inc. in developing a system for improving the refuelling of hydrogen fuel cell-powered buses, such as those being developed by Ballard Power Systems, and other vehicles at a reduced cost. The announcement was made by Natural Resources Canada Minister Ralph Goodale at the 9^th Canadian Hydrogen Conference.

With the new high-volume refuelling system, bus companies running fuel cell vehicles will be able to refuel more vehicles overnight, and thus reduce their costs by taking advantage of off-peak electricity rates. The improved effectiveness of the Stuart system is seen as one of the solutions to the fuel cell industry's quest for a cost-effective energy source. As a result, the technology is expected to make fuel cell-powered vehicles more widely available.

This fully repayable investment with Stuart Energy Systems Inc. is a joint initiative between Technology Partnerships Canada (TPC), under the responsibility of Industry Minister John Manley, and the Technology Early Action Measures (TEAM) component of the Climate Change Action Fund (CCAF), under the responsibility of Minister Goodale.

"Stuart Energy Systems Inc. is a leader and model for those working on environmental technologies," said Minister Goodale. "This project shows how climate change solutions can offer both economic opportunities and environmental success."

"This project is part of a larger vision to make fuel cell-powered buses, trucks and cars a reality -- and help reduce greenhouse gas emissions," said Environment Minister Christine Stewart. "This investment underlines our commitment to address climate change and meet our Kyoto Protocol targets."

"Through Technology Partnerships Canada, Canadians are developing environmental technologies that are making a real difference to our quality of life," said Minister Manley. "Stuart Energy Systems Inc.'s partnership with key companies in the hydrogen fuel area, such as Ballard Power Systems, will give it a head start over the competition beyond our borders."

The project is expected to create some 250 jobs over the next seven years and result in significant reductions in carbon dioxide emissions.

Stuart Energy Systems Inc. of Toronto, Ontario, was established in 1984 and is a wholly owned subsidiary of The Electrolyzer Corporation Ltd. The company was created to develop and market hydrogen energy for the transportation and fuel industries. Stuart currently employs 20 people in Toronto (Ontario), Shawinigan (Quebec), and Vancouver (B.C.).

The $150 million Climate Change Action Fund was established by the federal government in 1998 to help Canada meet its commitments under the Kyoto Protocol to reduce greenhouse gas (GHG) emissions. It is intended to support early actions to reduce emissions; to increase understanding of the impacts, costs and benefits of implementing the Protocol; and to analyze the various options open to Canada for meeting its commitments. The TEAM component of the CCAF offers support to federal programs, such as TPC, that fund technology projects to reduce GHG emissions nationally and internationally, while sustaining economic and social development. Other components of the fund are Science, Impacts and Adaptation; Public Education and Outreach; and Foundation Analysis.

Technology Partnerships Canada is a key element in the government's strategy to promote economic growth and job creation through innovation and by positioning Canada as a leader in the global knowledge economy of the 21^st century. The program represents an investment approach to technological development with sharing of real risks and rewards with the private sector. Investments are fully repayable and are intended to help ensure that products with high potential reach the marketplace.

THE ICHC SHORT LIST

1) The Riversimple Open Source Car Design

Are Our Designs Free?
Patrick's blog    40 Fires Foundation    June 19, 2009

How does open source car design work?
    The honest answer is that we won't know until we have done it. But we have plenty of ideas, which will develop over the coming months as we share the designs for the Riversimple technology demonstrator and start to produce collaboratively a production prototype.
    There are lots of inspiring examples from open source software, and we are being advised by people with experience in this area. But there are many differences between open source hardware and software design.

Differences between open source hardware and software
    There are some major differences between open source software and hardware design:

- There is a "gap" between the on-line design work and the finished product delivered to the consumer. Not only is there substantial physical testing to be done, but also there is significant work to be done to turn the designs into an actual functioning product (we like the analogy of a food recipe – a recipe is not a meal, you need a chef to turn it into a meal). The answer we believe lies in establishing the right relationship between 40 Fires and the manufacturers (the first of which is Riversimple), where each party has its needs met.

- There’s a technical challenge to share ideas on-line, where there is no satisfactory open source CAD (Computer-Aided Design) application. Our solution is to use a low tech approach at first, using a wiki-based website and freely available 3-D viewers to show the 3-D drawings. In time we may get involved in developing a OS CAD program.

- Licensing. We cannot simply take the standard OS software license (the GPL is the most common), since we are dealing with hardware, which is not so well protected by copyright. See further down for some thoughts on the licensing issues.

We'd like to hear from you!
    As in Open Source software projects, we are not attempting to do everything at once and we don’t have to. The designs that Riversimple is licensing to 40 Fires resemble in many ways the code base which a complex software project starts with.
    However, because a car is different to software and requires different development stages and processes, we will be asking for input into specific areas, as well as procedural matters.
    That's why we would like to hear from you, not only from engineers or designers, but also if you have contributed to large scale open source software projects and can help set up our project management structure. Lawyers with an understanding of copyright and patents would also be useful as we review the most appropriate license to use and if and how we should be using patents for some new inventions which emerge.
    To get involved, send an e-mail to participate@40fires.org explaining your interest and skills.

The stages
    We envisage different stages:

Stage 1  Over the coming months, starting this month (July 2009), we will make available design schematics from the Riversimple technology demonstrator vehicle, together with a description of each component's function in the whole system, and a vehicle design brief for the production prototype. We will provide a mailing list or discussion forum to enable comments and discussions. At this stage we expect Riversimple, as the creator of the original designs, to be leading the discussions.

Stage 2  As the detailed discussions develop, we expect a broad consensus to emerge amongst the participants as to which is the best solution to pursue for each design . By this stage, we expect the conversations to be more democratic, with a broad cross-section of collaborators participate, sharing their knowledge and insights.

Stage 3  We start creating detailed designs collaboratively and publishing them on-line. Eventually an entire vehicle will be created, and tested, on-line. We are aiming to complete the design of the production prototype by the summer of 2010.

Stage 4  Riversimple and other entrepreneurs, under license from 40 Fires, can start downloading the schematics and building and testing the vehicles. With the lessons from this, work can start on an improved production prototype.

Are our designs free (as in beer)?
    Richard Stallman famously said that free software is "free as in speech not free as in beer."

Are our designs free?
    We consider that the designs themselves will be free in the sense of free speech, with one exception. Currently we have chosen a Creative Commons, non-commercial license. So the designs can be used, modified, distributed under the same license terms but not for commercial purposes.
    We have chosen to be conservative at this stage and not allowed commercial use. This may change - we intend to set up a discussion group to debate this. The issue is that we don't want a large, profit-focused organisation taking the designs and starting manufacturing with them yet. We intend that when we grant a manufacturing license, this will be for a small fee (say $10 per car) to cover 40 Fires running costs.
    We are also keen on collaborating so if a commercial organisation wants to use the designs, we'd like to chat with them first before allowing them to use the designs for commercial purposes.
    The licensing issues are very complex (patent law is not copyright law; cars are not software) and we don't pretend to have all the answers. It is quite possible that our license may in the end not meet the strict requirements of the Free Software Foundation. But all we really care about is that the license works to ensure that the cars can be built in hundreds of different variations around the world, by local companies and entrepreneurs as well as big multinationals if they like, and that no one company (whether Ford or Riversimple) can dominate the market and keep the ideas to itself.