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QuestAir Technologies’ Preliminary Results 2007

Overall revenue of $7.0 m (2006: $7.6 m) for the fiscal year, showing a net loss of $12.4 m ($0.24 per share) compared to $10.3 m ($0.24 per share) for fiscal 2006.

The revenue from gas purification systems increased 9% over last year, looking forward several large orders for gas purification equipment are on the books and growth of system sales into biomethane applications was particularly strong.

One significant highlight is that the prototype H-6200 hydrogen purifier was shipped to an ExxonMobil refinery in France, where it was installed and successfully started up after September 2007.

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