Anthony Della Volpe President of Gas Equipment Engineering Corporation

January 1, 2008, Milford, CT. Gas Equipment Engineering Corporation (GEECO) is pleased to announce that Anthony (Tony) Della Volpe has been appointed President of the Company.

Mr. Della Volpe brings a fifteen+ year career focused on management and leadership success, profit growth, asset management and corporate development. With a specific focus on manufacturing operations, Mr. Della Volpe’s expertise includes growing firms from $7 million to $400 million in annual revenues spanning startup, joint venture, M&A, and licensing/intellectual property scenarios. He has also held numerous venture finance positions.

Mr. Della Volpe joined GEECO as Chief Financial Officer in 2006. His impact on the bottom line was immediate, and soon after he was promoted to Chief Operating Officer. As President, Mr. Della Volpe is dedicated to “make things happen” through commitment, drive and collaboration to optimize efficiency, innovation and achievement throughout the organization.

After receiving his B.A in accounting from the Ancell School of Western Connecticut State University (C.P.A.), Mr. Della Volpe started his career at a regional accounting firm, and then joined a public recycling equipment manufacture/design firm, rising to Controller/Treasurer/CFO.

Founded in 1921, Gas Equipment Engineering Corporation designs and builds industrial gas production systems and related equipment for commercial, military, and medical customers throughout the world. GEECO has been the leading supplier of cryogenic oxygen and nitrogen production systems for the US Navy’s nuclear aircraft carriers for many years, and is currently under contract with Northrop Grumman Newport News to design the next generation of oxygen producing equipment for the Navy’s newest carrier CVN 78. GEECO has also received DOE (Department of Energy) R&D funding to design and manufacture a cost effective hydrogen liquefier. The company headquarters and manufacturing facility is located in Milford, Connecticut. For more information visit www.gasequip.com.

Gas Equipment Engineering Corporation Awarded Contract to Develop Oxygen Generators for CVN 78 – Navy’s Newest Carrier

January 2, 2007, Milford, CT. Gas Equipment Engineering Corp. ("GEECO") has been awarded a contract from Northrop Grumman Newport News to design the next generation of oxygen producing equipment for the US Naval Carrier CVN 78. CVN 78 is the first ship of the Navy’s new technology innovation class-carriers which incorporate future technologies, reduced manning, and an enhanced flight deck with increased sortie rates, among other advances. Northrop Grumman is designing this new class of carriers, the CVN 21 class, using the most technologically advanced systems in the shipbuilding industry.

GEECO has provided the U.S. Armed Forces with oxygen-nitrogen plants since 1956, and is the dominant supplier of the on-board oxygen plants used by the US Navy carrier fleet to supply breathing oxygen for the fighter pilots and for medical needs. The company’s mission-critical oxygen generators are installed on most of the active carriers plus both the hospital ships. GEECO plants are known for their reliability and maintainability even under the most severe conditions. They are the U.S. Navy's first choice for installation on aircraft carriers, where high shock requirements, constant motion and salt air combine to create an extraordinarily difficult environment for air separation equipment.

GEECO has also recently constructed a 25 ton Nitrogen plant for installation in Iraq as part of the infrastructure reconstruction effort and the company is also currently under contract with the Department of Energy (DOE) to develop a hydrogen liquefaction system that will enable cost effective distribution of centrally produced hydrogen fuel as part of the DOE Hydrogen Production and Delivery Research program.

GEECO employs approximately 25 people during normal operations and is based in Milford, Connecticut. GEECO's facilities provide machining, metal forming, welding, brazing, mechanical assembly and performance testing, in addition to its in-house engineering, design and drafting capability.

Gas Equipment Engineering Corporation Awarded DOE Grant to Develop a Combined Reverse-Brayton, Joule-Thompson Hydrogen Liquifier

October 28, 2004, Milford, CT. The US Department of Energy (DOE) has awarded Gas Equipment Engineering Corporation (GEECO) a $2.1 million grant as the prime contractor to develop and demonstrate a hydrogen liquefier that will yield a 50% reduction in the operating cost of converting gaseous hydrogen to liquid form for bulk shipping and storage. The system will combine Reverse-Brayton and Joule-Thompson (CRBJT) refrigeration cycles to reduce the total cost of the packaged plant.

GEECO, established in 1921, has a long history of producing cryogenic gas separation plants for commercial and military clients. GEECO is the dominant supplier of the on-board GEECO cryogenic air separation plants used by the US Navy carrier fleet to supply liquid oxygen for fighter pilot oxygen supply and medical needs. GEECO will be teaming on this development effort with the cryogenic engineering department of MIT (Massachusetts Institute of Technology) and R&D Dynamics of Bloomfield, CT. MIT will conduct cycle evaluation and modeling; R&D Dynamics will be producing the low temperature turbo-expander component.

The result of this two-year program will be a 1500 kg/day pilot plant that will demonstrate the technology and is easily scalable to full sized commercial plants producing 50,000 to 400,000 kg/day. Martin Shimko, Project Director for GEECO, states that “the efficiency of this liquefier will achieve the cost goals set out by DOE for the production of liquid hydrogen and will enable the cost effective distribution of centrally produced hydrogen fuel”. This type of system has applications in both transportation and renewable energy markets.

The funding for this project comes from a DOE program targeting the production and delivery of hydrogen fuel in support of the national initiative to transition to a hydrogen based fuel economy. The liquefaction system developed under this funding will be manufactured by GEECO and marketed by its sister company, Avālence, a manufacturer of electrolysis systems that directly produce hydrogen gas at pressures up 10,000 psi without the use of a compressor. The liquefier will extend Avālence's hydrogen product offerings to meet the storage and delivery needs of large-scale hydrogen production methods such as steam reformation of methane. This same liquefier may also be combined with this electrolyzer to produce an integrated, compressor-free system that efficiently delivers liquid hydrogen using only water and electrical energy inputs. For more information visit www.avalence.com.

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