Energy Visions Inc. Announces Plan for Electric Hybrid Battery and Fuel Cell System

    OTTAWA, Ontario--June 12, 2002--Energy Visions Inc. announced today that it has modeled a Hybrid System using a combination of the company's proprietary technologies, the Direct Methanol Fuel Cell (DMFC) and Nickel Zinc (Ni-Zn) battery. The company believes a properly integrated Hybrid System will offer the first all-electric option that provides both the performance and economics to meet market requirements.
    Wayne Hartford, President of EVI said "As part of our ongoing research into alternate energy systems, EVI has been developing a system that can use existing fueling infrastructures to save the time and cost of developing a hydrogen system. We have been reviewing the performance and costs required for fuel cell commercialization and believe the EVI Hybrid System can reduce the costs by a factor of five versus projections using fuel cell power exclusively. We are forecasting an initial prototype demonstration of this concept in approximately 12 months. To our knowledge, we are the only company in the world that has both the batteries and fuel cells which will allow us to maximize this opportunity."
    The EVI DMFC system operates directly on methanol extracting hydrogen without a fuel reformer. Using the golf cart as an example, the company believes the initial cost of the EVI Hybrid System would be competitive in price with the lead-zinc battery systems currently in use, would weigh less that half, and most importantly, would eliminate the substantial downtime required to recharge. The company believes the selective integrated combination of the EVI DMFC and Ni-Zn battery offers the advantages of low cost, high efficiency mobile electric power.
    Dr. Karl Kordesch, Professor Emeritus of the University of Graz in Austria and EVI Technical Advisor, presented the current state of the EVI systems at the US Military hosted conference in Cherry Hill, New Jersey today. EVI believes the DMFC-NiZn hybrid offers the potential for a first to market all-electric hybrid solution for the military and other portable power applications such as golf carts, lift-trucks, people movers, and scooters.

    Statements in this release, other than statements of historical fact, may be regarded, in certain instances, as "forward looking statements" pursuant to Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934, respectively. "Forward looking statements" are based on expectations, estimates and projections at the time the statements are made that involve risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. There can be no assurance that such statements will ever prove to be accurate and readers should not place undue reliance on any such "forward looking statements" contained herein.
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    For further information please contact Steve Yovetich at the EVI Head Office - Ottawa (613) 990-9373. The Company's website is at http://www.energyvi.com/.