General Automotive Announces Development of a New Ceramic Seal by Its Joint Venture Partner GreenCell
16 March 2012 - 10:01PM
General Automotive Company (OTCBB:GNAU), a North American provider
of parts, accessories and advanced technology for the automotive
industry is pleased to announce that its Joint Venture partner
GreenCell, Inc. (OTCBB:GCLL) has developed a new ceramic seal
system for automotive oxygen sensors, the first commercial
application will be as an intermediary seal between automotive
ceramic sensors and the metallic housing they are sealed in. The
company will begin work on fuel cell applications in the near
future.
General Automotive's CEO and President, Dan Valladao, commented,
"We are very excited about GreenCell's continued advancement in
technology which could revolutionize many products within the
automotive industry including oxygen sensors, brakes, and fuel
cells."
About General Automotive Company
General Automotive Company provides original equipment and
aftermarket automotive parts and automotive technology in the
United States and internationally. It focuses on automotive parts
sales and distribution through its subsidiary, OE Source L.C.
General Automotive is also a partner in GreenCell, Inc., a joint
venture with SenCer Inc., a New York based ceramic technology
company. GreenCell, Inc., has created "Ultra-Temp," a proprietary
technology and a potential game changer for the manufacturing of
multiple automotive products including oxygen sensors, brakes and
SOFC fuel cells for powering automobiles. General Automotive
Company ("GAC") is also focused on expanding its operating growth
platform through multiple and ongoing acquisitions of successful
automotive parts companies. General Automotive Company is based in
Orlando, Florida.
About GreenCell, Incorporated
GreenCell is engaged in a joint venture with SenCer Inc. to
develop, commercialize and market SenCer's UltraTemp(TM) 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, and Ceramic Heaters. Visit
WWW.GREENCELLINC.COM for more information.
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.
CONTACT: pbausman@generalautomotive.com
GreenCell (CE) (USOTC:GCLL)
Historical Stock Chart
From Dec 2024 to Jan 2025
GreenCell (CE) (USOTC:GCLL)
Historical Stock Chart
From Jan 2024 to Jan 2025