AEDC can confirm the following developments in terms of ongoing operations and recognition:

• AEDC received a World Quality Commitment (WQC) Award in the Gold category (quality, technology and innovation) on 29 October 2012 in Paris, France.  Click here to read more ....

• AEDC is in the process of setting up a manufacturing, research and development facility near Vancouver, B.C. Canada.

• AEDC partners in Thailand have secured financing and are in the process of setting up a component manufacturing facility in Bangkok for certain accessories for the fuel cells.

• AEDC negotiations in Namibia for setting up a manufacturing facility in Windhoek are progressing well.  The Department of Industry in Namibia granted funding in April 2012 to a local company to develop a full business plan for the Namibian Development Bank who indicated that it would finance up to 7 million NAM$ as low cost loan to the Namibian company.  AEDC will hold 25,1% of the local company. The business plan is expected to be finalized during September 2012.

• AEDC, through its local company ZINCAIR Power Technology, is in the process of finalising a pilot project in North America, in conjunction with its U.S. partners who have a special communication technology for remote areas.  We, as AEDC, will provide the fuel cell power to operate the transmission masts. click here for more

• AEDC is in the process as well to have a similar project in Bolivia and Indonesia. Negotiations are in an advanced stage.

• AEDC is in the process of negotiating new funding for its expansion and the roll out of its marketing strategy in Southern Africa. A Canadian, private company, ZINCAIR Power Technologies Ltd. is presently owned 100% by AEDC South Africa. The local company implements the financing drive in order to attract new capital.  It is expected that a first financing round will be closed during September / October 2012.