PENN YAN, N.Y., Sept. 21, 2011 (GLOBE NEWSWIRE) -- GreenCell, Incorporated (OTCBB:GCLL) announced today that they have successfully tested their new anode material under reducing conditions (hydrogen) and has maintained a high conductivity and no signs of degradation. This completes a process for low cost anodes and cathodes. The next step will be to fabricate and test devices from this family of conductive compounds. These include fuel cell stacks, and automotive sensors.
Dan Valladao, CEO of GreenCell, comments, "GreenCell is very excited with our continued success working with our Ultra Temp materials which will allow us to reach our ultimate goal of successful manufacturing of multiple revolutionary products across several industries."
About GreenCell, Incorporated
GreenCell is engaged in a joint venture with SenCer Inc. to develop, commercialize and market SenCer's UltraTempTM ceramic composite materials for Home and Transportation applications. GreenCell has identified multiple industries with significant commercial applications with potential revolutionary results. Some of the many applications for this technology are SOFC Fuel Cells, Igniters, Braking, Oxygen Sensors, Ceramic Heaters.
The GreenCell, Incorporated logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10010
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. Specifically, the Company's ability to raise additional capital, execute its business plan and strategy, sustain or increase gross margins, achieve profitability and build shareholder value are forward looking statements. A more extensive listing of risks and factors that may affect the Company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the Company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.