EXHIBIT 4.2

AW-
SERIES A WARRANTS
CUSIP 462211103
VOID AFTER      July 28, 1997

SERIES A REDEEMABLE  COMMON  STOCK  WARRANT  CERTIFICATE  FOR PURCHASE OF COMMON
STOCK OF IONIC FUEL TECHNOLOGY, INC.

This certifies that FOR VALUE RECEIVED

or registered  assigns (the  "Registered  Holder") is the owner of the number of
Series A Redeemable  Common Stock Purchase  Warrants (the "Warrants")  specified
above.  Two  Warrants  initially  entitles  the  Registered  Holder to purchase,
subject  to the  terms and  conditions  set  forth in this  Certificate  and the
Warrant  Agreement (as hereinafter  defined),  one fully paid and  nonassessable
share of Common  Stock,  $0.01 par value,  of Ionic  Fuel  Technology,  Inc.,  a
Delaware corporation (the "Company") at any time commencing 6 days from the date
of the Warrant Agreement or such earlier time as First Hanover Securiites, Inc.,
in its sole discretion,  may determine,  and the Expiration Date (as hereinafter
defined),  upon the presentation and surrender of this Warrant  Certificate with
the  Subscription  Form on the reverse  hereof duly  executed,  at the corporate
office of Continental  Stock  Transfer & Trust Company as Warrant Agent,  or its
successor (the "Warrant Agent"),  accompanied by payment of $6.50 (the "Purchase
Price") in lawful  money of the United  States of America in cash or by official
bank or  certified  check  made  payable  to the  Warrant  Agent.  This  Warrant
Certificate and each Warrant  represented  hereby are issued pursuant to and are
subject in all  respects  to the terms and  conditions  set forth in the Warrant
agreement (the "Warrant Agreement"), dated as of July 28, 1994, by and among the
Company, the Warrant Agent and First Hanover Securities, Inc.

In the event of certain contingencies provided for in the Warrant Agreement, the
Purchase  Price or the number of shares of Common Stock subject to purchase upon
the exercise of each Warrant  represented  hereby are subject to modification or
adjustment.

Each Warrant  represented  hereby is exercisable at the option of the Registered
Holder,  but no fractional shares of Common Stock will be issued. In the case of
the exercise of less than all the Warrants represented hereby, the Company shall
cancel this Warrant  Certificate upon the surrender hereof and shall execute and
deliver a new Warrant  Certificate or Warrant  Certificates of like tenor, which
the Warrant Agent shall countersign, for the balance of such Warrants.

The term "Expiration Date" shall mean 5:00 p.m. (New York City time) on July 28,
1997, or such earlier date asthe Warrants shall be redeemed.  If such date shall
in the State of New York be a holiday or a day on which the banks are authorized
to close,  then the Expiration  Date shall be 5:00 p.m. (New York City time) the
next day which in the State of New York is not a holiday or a day in which banks
are authorized to close.

The Company  shall not be  obligated to deliver any  securities  pursuant to the
exercise of this Warrant  unless a registration  statement  under the Securities
Act of 1933,  as amended,  with respect to such  securities  is  effective.  The
Company has covenanted and agreed that it will file a registration statement and
will use its best efforts to cause the same to become effective and to keep such

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registration  statement current while any of the Warrants are outstanding.  This
Warrant shall not be exercisable by a Registered  Holder in any state where such
exercise would be unlawful.

This Warrant  Certificate  is  exchangeable,  upon the  surrender  hereof by the
Registered  Holder at the  corporate  office  of the  Warrant  Agent,  for a new
Warrant Certificate or Warrant  Certificates of like tenor representing an equal
aggregate number of Warrants, each of such new Warrant Certificates to represent
such number of Warrants as shall be designated by such Registered  Holder at the
time of such  surrender.  Upon due  presentment  together  with any tax or other
governmental  charge  imposed  in  connection  therewith,  for  registration  of
transfer of this Warrant  Certificate at such office, a new Warrant  Certificate
or Warrant Certificates  representing an equal aggregate number of Warrants will
be issued to the  transferee in exchange  therefor,  subject to the  limitations
provided in the Warrant Agreement.

Prior to the exercise of any Warrant  represented  hereby, the Registered Holder
shall not be entitled to any rights of a stockholder of the Company,  including,
without  limitation,  the  right  to  vote  or to  receive  dividends  or  other
distributions and shall not be entitled to receive any notice of any proceedings
of the Company, except as provided in the Warrant Agreement.

Commencing days after the date of the Warrant  Agreement or such earlier date as
First Hanover  Securities,  Inc., in its sole  discretion,  may determine,  this
Warrant may be redeemed at the option of the  Company,  at  redemption  price of
$0.01 per two  Warrants,  (i)  provided  the closing bid price of the  Company's
Common  Stock as  reported on the  automated  quotation  system of the  National
Association of Securities  Dealers,  Inc. ("NASDAQ")  averages,  for at least 20
consecutive  trading days ending within a period of 30 consecutive  trading days
ending within 5 days prior to the date of the notice of redemption, in excess of
$9.50  per share or (ii) with  First  Hanover  Securities,  Inc.  prior  written
consent. Notice of redemption shall be given not later than the thirtieth (30th)
day  before  the date  fixed for  redemption,  all as  provided  in the  Warrant
Agreement.  On and after the date fixed for  redemption,  the Registered  Holder
shall have no rights with  respect to this  Warrant  except to receive the $0.01
per two Warrants upon surrender of this Certificate.

Prior to due presentment for  registration of transfer  hereof,  the Company and
the Warrant Agent may deem and treat the Registered Holder as the absolute owner
hereof and of each Warrant represented hereby  (notwithstanding any notations of
ownership or writing hereon made by anyone other than a duly authorized  officer
of the Company or the Warrant  Agent) for all purposes and shall not be affected
by any notice to the contrary.

The Company has agreed to pay a fee of five (5%) percent of the  Purchase  Price
upon certain  conditions as specified in the Warrant Agreement upon the exercise
of this Warrant.

This Warrant  Certificate  shall be governed by and construed in accordance with
the laws of the State of Delaware.  This Warrant Certificate is not valid unless
countersigned by the Warrant Agent.







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IN WITNESS WHEREOF,  the Company has caused this Warrant  Certificate to be duly
executed,  manually or in facsimile by two (2) of its  officers  thereunto  duly
authorized and a facsimile of its corporate seal to be imprinted hereon.

Countersigned and Registered:
CONTINENTAL STOCK TRANSFER
& TRUST COMPANY

                                       By


AUTHORIZED OFFICER

Dated:
                                       By
SECRETARY

IONIC FUEL TECHNOLOGY, INC.
                                       By
PRESIDENT




IONIC FUEL TECHNOLOGY, INC.


SUBSCRIPTION FORM
To Be Executed by the Registered Holder
in Order to Exercise Warrants

  The undersigned Registered Holder hereby irrevocably elects to exercise
                                  Warrant

represented by this Warrant Certificate, and to purchase the securities issuable
upon the exercise of such  Warrants,  and requests  that  certificates  for such
securities shall be issued in the name of

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING  NUMBER (please print or type
name and address) and be delivered to (please print or type name and address)

and if such number of Warrants  shall not be all the Warrants  evidenced by this
Warrant  Certificate,  that a new  Warrant  Certificate  for the balance of such
Warrants be registered in the name of, and delivered to, the  Registered  Holder
at the address stated below.

The undersigned represents that the exercise of the within Warrant was solicited
by a member of the National  Association of Securities Dealers,  Inc., ("NASD").
If not  solicited by an NASD member,  please  write  "unsolicited"  in the space
below.  Unless  otherwise  indicated  by listing the name of another NASD member
firm,  it will be assumed  that the  exercise  was  solicited  by First  Hanover
Securities, Inc.

Name of NASD Member if other than Biltmore Securities, Inc.

Dated:

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Signature


Street Address

City, State and Zip Code

Taxpayer ID Number

Signature Guaranteed


ASSIGNMENT
To Be Executed by the Registered Holder
in Order to Assign Warrants

FOR VALUE RECEIVED,                                                hereby
sells, assigns and transfers unto

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER


(please print or type name and address)
      ) of the Warrants
represented by this Warrant Certificate, and hereby irrevocably constitutes
and appoints

Attorney
to transfer  this Warrant  Certificate  on the books of the  Company,  with full
power of substitution in the premises.

Dated:
Signature Guaranteed

THIS SIGNATURE SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION
PURSUANT TO S.E.C.
RULE 17 AD 15.


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