Fuel Cells 2000's Fuel Cell Technology Update - January 2004

"Jennifer Gangi" <[email protected]> Mon, 5 Jan 2004 13:13:15 -0500
Newsgroups gmane.technology.fuel-cell.discuss
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Hope everyone had a happy and healthy holiday.  For more information on
the following stories, click on the provided link, contact Jennifer
Gangi at [email protected] or call (202) 785-4222, ext. 17.  To
subscribe or unsubscribe to this listserve, see the end of this message.

=20

Fuel Cell Technology Update - January 2004

=20


TRANSPORTATION APPLICATIONS


=20

Ballard to Provide Fuel Cell Engines to Australia, Delivers Fuel Cell
Buses to London.

Ballard Power Systems will provide three of its latest generation
heavy-duty fuel cell engines to EvoBus for integration into
Mercedes-Benz Citaro buses for the public transport system in Perth,
Western Australia.  Ballard will deliver the 205 kW heavy-duty fuel cell
engines in the first half of 2004 and the buses will be placed in
routine transit operation in the second half of 2004 as part of a
two-year demonstration program.  Ballard also delivered three
Mercedes-Benz Citaro buses, powered with Ballard(r) fuel cell engines,
to the public transport authorities in London. The City of London will
operate the Ballard powered fuel cell buses on a central London bus
route, beginning in January 2004, as part of the Clean Urban Tranport
for Europe (CUTE) project.

http://www.ballard.com <http://www.ballard.com/>=20

=20

U.S. Air Force Fuel Cell Bus a Success.

Enova Systems has successfully integrated a fuel cell system into the
U.S. Air Force's first hybrid fuel cell bus at Enova's facilities in
Honolulu, Hawaii.  The partners on the bus project include Enova, the
U.S. Air Force, the State of Hawaii's High Technology Development
Corporation (HTDC) and Hydrogenics.=20

http://www.enovasystems.com/investor/pressContent/12112003.asp

=20

GVB Begins Hydrogen Bus Operation.

GVB, the transit authority of Amsterdam, The Netherlands, began
operating four hydrogen-fueled buses on two routes in the northern part
of the city.  The buses extract hydrogen from nine roof-mounted water
tanks, each capable of supplying enough fuel to power the bus for 250
kilometers (155 miles).  The two-year project will cost 7 million euros
(US$8.6 million), with funding supplied by the European Union, the Dutch
Transport Ministry and the Amsterdam Council. Also involved in the
project are DaimlerChrysler, Hoek Loos, Nuon, Shell and the Netherlands
Agency for Energy and the Environment.

=20

Proton Energy Wins Two SBIR Awards.

Proton Energy Systems, Inc. was awarded a Small Business Innovative
Research (SBIR) Phase II contract from NASA for development of
lightweight unitized regenerative fuel cell technology for unmanned
aerial vehicles. Proton also received a SBIR Phase I contract from the
U.S. Army Missile Defense Agency (MDA) for development of lightweight
regenerative fuel cell technology for high altitude airships.=20

http://www.protonenergy.com/index.php/html/companyinfo/news/pressrelease
s.html

=20


STATIONARY POWER


=20

Yale Fuel Cell Dedicated.

FuelCell Energy, Inc., the Connecticut Clean Energy Fund and Yale
University dedicated a high-efficiency Direct FuelCell(r) power plant at
the Environmental Science Center (ESC) near Yale University's Peabody
Museum.  The 250 kilowatt fuel cell will provide approximately 25
percent of the building's electricity needs, with the heat being used
primarily to maintain tight temperature and humidity controls at the
ESC.

http://www.fce.com/# <http://www.fce.com/>=20

=20


PORTABLE/BACKUP POWER


=20

Astris Launches New Fuel Cell Generator.

Astris Energi Inc. has unveiled the 2.4 kW model E8 alkaline fuel cell
generator. The E8 is a completely self-contained portable unit, powered
by Astris' new POWERSTACK MC250 fuel cell, which performs 30%-60% better
than previous units.  Astris Energi plans to place the POWERSTACK MC250
into pilot production in its Vlasim, Czech Republic facility in the
first half of 2004.
http://www.astris.ca/news/index.php

=20

Plug Power Begins Product Shipments.

Plug Power has shipped fifteen GenCore(tm) 5T 5kW hydrogen fueled
back-up power system to customers in the United States, the United
Kingdom and Japan to support a variety of applications in the
telecommunication, industrial, research, and government sectors.=20

http://www.plugpower.com <http://www.plugpower.com/>=20

=20

Hitachi and Tokai Develop DMFC Prototype.=20

Hitachi, Ltd. and Tokai Corporation have developed a prototype direct
methanol fuel cell for use in handheld electronic devices.  The DMFC has
a methanol concentration of approximately 20 percent, which is expected
to be increased by 10 percent once the units are commercially available.
Hitachi plans to introduce the DMFC by 2005 for use in a compatible
personal digital assistant.

=20

ERD and Manhattan Scientifics Sign Licensing Agreement.

Energy Related Devices (ERD) has entered into an agreement with
Manhattan Scientifics for a worldwide non-exclusive license of
Manhattan's MicroFuel Cell technology.  Under the agreement, ERD is
allowed to sublicense to any number of companies to produce and sell
MicroFuel Cells.=20=20=20=20=20=20

http://www.energyrelatedevices.com <http://www.energyrelatedevices.com/>
=2E

=20

FUELS/REFORMERS/STORAGE

=20

New York to Build Hydrogen HI WAY.

$2 million in federal support has been awarded to establish the Hydrogen
"HI WAY" Initiative in New York State.  Funding for the project, which
will create a hydrogen energy infrastructure validation platform across
the state, is included in the Conference Report for Fiscal Year 2004
Energy and Water Appropriations.  Reps. John M. McHugh (R-NY), James T.
Walsh (R-NY), and John E. Sweeney (R-NY) spearheaded the effort, which
will bring together a team of industry, academic, state and federal
partners to create the infrastructure and end-use technology to support
production of hydrogen energy.=20=20

http://mchugh.house.gov/pr2003/111803_hiway.html

=20

Proton Unveils New Hydrogen Generator.

Proton Energy Systems, Inc. unveiled its HOGEN H Series hydrogen
generators at the POWER-GEN International convention in December. The H
Series hydrogen produces ultra-pure hydrogen 24/7 at an output capacity
of 80-240 standard cubic feet per hour at a fraction of the cost of
cylinder or tube trailer gas.=20

http://www.protonenergy.com <http://www.protonenergy.com/>=20

=20

Dynetek to Deliver Storage Systems to Ford.

Dynetek Industries Ltd. will deliver on-board complete hydrogen fuel
storage systems for Ford Motor Company's 2004 Ford Focus FCV zero
emission automobiles.  Dynetek will provide complete fuel storage and
components solution using its certified 350 bar (5000 psi) hydrogen fuel
storage system.=20

http://www.dynetek.com <http://www.dynetek.com/>=20

=20

QuestAir and Iwatani Sign Marketing Agreement.

QuestAir Technologies Inc. has signed an agreement with Iwatani
International Corporation to market QuestAir's hydrogen purification
systems in Japan and other parts of Asia. Under the terms of the
three-year, non-exclusive agreement, Iwatani received the right to
market QuestAir's HyQuestor(r) and QuestAir H- 3200 pressure swing
adsorption (PSA) products in Japan, China and nine other Asian
countries.=20

http://www.newswire.ca/en/releases/archive/December2003/22/c5062.html
<http://www.newswire.ca/en/releases/archive/December2003/22/c5062.html>=20

=20

Innovatek Wins Army Contract.

Innovatek, Inc. has received a $780,000 contract with the U.S. Army to
develop a new fuel processor that will generate hydrogen for use in
portable fuel cells.  The technology is built on InnovaTek's proprietary
compact microchannel architecture that produces hydrogen from readily
available fuels such as gasoline and diesel.

http://www.tekkie.com/news/press_release_12162003.htm

=20


FUEL CELL COMPONENTS


=20

UQM Delivers Motor to Eaton, Receives Order from Caterpillar.

UQM Technologies has developed and delivered a UQM(r) compressor drive
motor to Eaton Corporation for use as part of the air handling system in
a fuel cell.  The highly efficient UQM(r) motor operates at 24,000
revolutions per minute and is lightweight and compact.  UQM also
received an order from Caterpillar Inc. for its permanent magnet motors
that will be installed on a fuel cell powered Caterpillar-Elphinstone
R1300 mine loader.  The mine loader is under development by a consortium
of companies led by Vehicle Projects LLC. and includes Caterpillar Inc.,
Natural Resources Canada, and the U.S. Department of Energy.  The zero
emission fuel cell powered mine loader is expected to be placed in
demonstration at a mine in Nevada in early 2005 to evaluate the
operability, and productivity of the system.

http://www.uqm.com/press/news/04-28.html

http://www.uqm.com/p-ress/news/0427.html
<http://www.uqm.com/press/news/04-27.html>=20

=20


REPORTS/MARKET STUDIES


=20

Solid Oxide Fuel Cells.

Business Communications Company, Inc. (BCC) has released a new report,
"RGB-282 Solid Oxide Fuel Cells," which reveals that the global market
for solid oxide fuel cells (SOFCs) is currently estimated at $123
million, of which the North American market is estimated to be
approximately $67 million.

http://www.bccresearch.com/

=20

North American Stationary Fuel Cell Market.

Frost & Sullivan has released a new report, "North American Stationary
Fuel Cell Markets," which claims that revenues in the stationary fuel
cell market totaled $21.4 million in 2002 and are projected to reach
$1.27 billion by 2009.

http://www.frost.com/prod/servlet/frost-home.pag

=20


MISCELLANEOUS


=20

Palcan Joins With Shanghai Mingliang Plastic.

Palcan Fuel Cells Ltd. has signed a joint venture agreement with
Shanghai Mingliang Plastic Co. Ltd. to establish a commercial
manufacturing facility in Shanghai to produce PEM fuel cell stacks for
the global fuel cell marketplace.  Palcan will have full managerial
control of the facility, which is expected to be operational within six
months.  When fully operational, the manufacturing facility will
manufacture 20,000 PEM fuel cell stacks units per year. The units will
be sold at substantially less than the current world market prices.=20

http://www.palcan.com <http://www.palcan.com/>=20

=20

FuelCon Selects Illies as Asia Sales Partner.
FuelCon has selected Illies & Co. as its sales partner for the Asia
region. Illies & Co. will market FuelCon's fuel cell test systems in
Japan, China, Taiwan and Korea.
http://www.fuelcon.com/en/news/index.html#
<http://www.fuelcon.com/en/news/index.html>=20

=20


CONFERENCES


=20

Micro Fuel Cell Regulations & Compliance.

Micro Fuel Cell Regulations & Compliance will be held on four different
dates on four different locations - February 23-24, 2004 in Irvine,
California; March 25-26, 2004 in Washington, DC; May 13-14, 2004 in
Hartford, Connecticut; and June 17-18, 2004 in Vancouver, British
Columbia.  For more information, go to

http://www.cbinet.com/events/HS411/index.html.

=20

2nd Fuel Cell Investment Summit.

The Connecticut Clean Energy Fund is holding the Second Annual Fuel Cell
Investment Summit, March 14-16, 2004, at the Mohegan Sun Casino in
Uncasville, Connecticut.  For registration, exhibitor and sponsor
information, visit http://www.fuelcellis.com
<http://www.fuelcellis.com/> .

=20

2004 Hydrogen Infrastructure Investment Roundtable.

The 2004 Hydrogen Infrastructure Investment Roundtable, "Building the
Hydrogen Economy: Overcoming Challenges and Complexity" will be held
March 17-19, 2004, at the Westfields Marriott Hotel in Chantilly,
Virginia.  For details, go to
http://www.montreuxenergy.com/hydrogen.htm.

=20

4th Annual Fuel Cell Investor.

The 4th Annual Fuel Cell Investor will be held March 25-26, 2004, at the
Sheraton Society Hill in Philadelphia, Pennsylvania.  For conference
information, please visit

http://www.srinstitute.com/ApplicationFiles/web/WebFrame.cfm?web_id=3D207.

=20

Hannover Fair 2004.

The Hannover Fair takes place April 19-24, 2004, in Hannover Germany.
Join more than 100 Exhibitors and Forum participants from all over the
world presenting their latest H2/FC developments and products.  Visit
http://www.fair-pr.com/ or contact [email protected] for more
information.  Click on www.virtual-fair.com to visit the virtual
exhibits.

=20

####

=20

Help support Fuel Cells 2000 while keeping a close eye on the fuel cell
world.  Subscribe to the Fuel Cell Quarterly - just US$25.00 (a bargain
compared to other fuel cell newsletters and publications). Or you can
make a tax-deductible contribution of US$25.00 or more to Breakthrough
Technologies Institute and receive a year's subscription to the
Quarterly as our way of saying thanks.  Subscribtion information can be
found at www.fuelcells.org/newsletter.htm or go to
www.fuelcells.org/pubs.doc to see all of our publications.=20

=20

Fuel Cells 2000 (www.fuelcells.org) is a non-profit, educational
activity that seeks to promote the development, demonstration and
commercialization of fuel cell technology.=20

=20

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<div class=3DSection1>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Hope everyone had a happy and healthy holiday.&nbsp; For
more information on the following stories, click on the provided link, cont=
act
Jennifer Gangi at [email protected] or call (202) 785-4222, ext. 17.&n=
bsp;
To subscribe or unsubscribe to this listserve, see the end of this message.=
</span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>&nbsp;</span></font></p>

<p class=3DMsoNormal><b><font size=3D3 face=3DArial><span style=3D'font-siz=
e:12.0pt;
font-family:Arial;font-weight:bold'>Fuel Cell Technology Update &#8211; Jan=
uary
2004</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>&nbsp;</span></font></p>

<h1><b><u><font size=3D2 face=3DArial><span style=3D'font-size:10.0pt'>TRAN=
SPORTATION
APPLICATIONS</span></font></u></b></h1>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span style=3D'font-size:1=
2.0pt;
font-family:Arial'>&nbsp;</span></font></p>

<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial;font-weight:bold'>Ballard to Provide Fuel Cell Engines to=
 </span></font></b><b><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;f=
ont-weight:
  bold'>Australia</span></font></b><b><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>, Delivers Fu=
el
Cell Buses to </span></font></b><b><font size=3D2 face=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>London</spa=
n></font></b><b><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;fon=
t-weight:
bold'>.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial;layout-grid-mode:line'>Ballard Power Systems will provide
three of its latest generation heavy-duty fuel cell engines to EvoBus for
integration into Mercedes-Benz Citaro buses for the public transport system=
 in </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;l=
ayout-grid-mode:
  line'>Perth</span></font><font size=3D2 face=3DArial><span style=3D'font-=
size:10.0pt;
 font-family:Arial;layout-grid-mode:line'>, </span></font><font size=3D2
  face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;layout-gri=
d-mode:
  line'>Western Australia</span></font><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;layout-grid-mode:line'>.&nbsp;
Ballard will deliver the 205 kW heavy-duty fuel cell engines in the first h=
alf
of 2004 and the buses will be placed in routine transit operation in the se=
cond
half of 2004 as part of a two-year demonstration program. </span></font><fo=
nt
size=3D2 face=3DVerdana><span style=3D'font-size:10.0pt;font-family:Verdana;
layout-grid-mode:line'>&nbsp;</span></font><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;layout-grid-mode:line'>Ballard =
also
delivered three Mercedes-Benz Citaro buses, powered with Ballard&reg; fuel =
cell
engines, to the public transport authorities in </span></font><font size=3D2
  face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;layout-gri=
d-mode:
  line'>London</span></font><font size=3D2 face=3DArial><span style=3D'font=
-size:
10.0pt;font-family:Arial;layout-grid-mode:line'>. The City of London will
operate the Ballard powered fuel cell buses on a central London bus route,
beginning in January 2004, as part of the Clean Urban Tranport for Europe
(CUTE) project.</span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial;layout-grid-mode:line'><a href=3D"http://www.ballard.com/=
">http://www.ballard.com</a></span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial;layout-grid-mode:line'>&nbsp;</span></font></p>

<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
  font-family:Arial;font-weight:bold'>U.S.</span></font></b><b><font size=
=3D2
face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;font-weight:=
bold'>
Air Force Fuel Cell Bus a Success.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Enova Systems has successfully integrated a fuel cell sy=
stem
into the U.S. Air Force's first hybrid fuel cell bus at Enova's facilities =
in </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Honolulu</span></font><font
 size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>,=
 </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Hawaii</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>.&=
nbsp; The
partners on the bus project include Enova, the U.S. Air Force, the State of=
 </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Hawaii</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>'s=
 High
Technology Development Corporation (HTDC) and Hydrogenics. </span></font></=
p>

<p class=3DDefault><font size=3D2 face=3DArial><span style=3D'font-size:10.=
0pt;
font-family:Arial'><a
href=3D"http://www.enovasystems.com/investor/pressContent/12112003.asp">htt=
p://www.enovasystems.com/investor/pressContent/12112003.asp</a></span></fon=
t></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial'>&nbsp;</span></font></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><b><font size=3D2 face=
=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>GVB Begins Hy=
drogen
Bus Operation.</span></font></b></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial'>GVB, the transit authority of =
</span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Amsterdam</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>, =
The
Netherlands, began operating four hydrogen-fueled buses on two routes in the
northern part of the city.&nbsp; The buses extract hydrogen from nine
roof-mounted water tanks, each capable of supplying enough fuel to power the
bus for 250 kilometers (155 miles).&nbsp; The two-year project will cost 7
million euros (US$8.6 million), with funding supplied by the European Union,
the Dutch Transport Ministry and the Amsterdam Council. Also involved in the
project are DaimlerChrysler, Hoek Loos, Nuon, Shell and the Netherlands Age=
ncy
for Energy and the Environment.</span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3D"Times New Roman"><span style=3D=
'font-size:
10.0pt'>&nbsp;</span></font></p>

<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial;font-weight:bold'>Proton Energy Wins Two SBIR Awards.</sp=
an></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Proton Energy Systems, Inc. was awarded a Small Business
Innovative Research (SBIR) Phase II contract from NASA for development of l=
ightweight
unitized regenerative fuel cell technology for unmanned aerial vehicles. Pr=
oton
also received a SBIR Phase I contract from the U.S. Army Missile Defense Ag=
ency
(MDA) for development of lightweight regenerative fuel cell technology for =
high
altitude airships. </span></font></p>

<p class=3DMsoNormal style=3D'text-align:justify'><font size=3D2 face=3DAri=
al><span
style=3D'font-size:10.0pt;font-family:Arial'><a
href=3D"http://www.protonenergy.com/index.php/html/companyinfo/news/pressre=
leases.html">http://www.protonenergy.com/index.php/html/companyinfo/news/pr=
essreleases.html</a></span></font></p>

<p class=3DMsoNormal style=3D'text-align:justify'><font size=3D2 face=3DAri=
al><span
style=3D'font-size:10.0pt;font-family:Arial'>&nbsp;</span></font></p>

<h1><b><u><font size=3D2 face=3DArial><span style=3D'font-size:10.0pt'>STAT=
IONARY
POWER</span></font></u></b></h1>

<p class=3DMsoNormal><font size=3D3 face=3D"Times New Roman"><span style=3D=
'font-size:
12.0pt'>&nbsp;</span></font></p>

<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial;font-weight:bold'>Yale Fuel Cell Dedicated.</span></font>=
</b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>FuelCell Energy, Inc., the Connecticut Clean Energy Fund=
 and
</span></font><font size=3D2 face=3DArial><span style=3D'font-size:10.0pt;f=
ont-family:
  Arial'>Yale</span></font><font size=3D2 face=3DArial><span style=3D'font-=
size:10.0pt;
 font-family:Arial'> </span></font><font size=3D2 face=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial'>University</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> d=
edicated a
high-efficiency Direct FuelCell&reg; power plant at the Environmental Scien=
ce
Center (ESC) near </span></font><font size=3D2 face=3DArial><span style=3D'=
font-size:
  10.0pt;font-family:Arial'>Yale</span></font><font size=3D2 face=3DArial><=
span
 style=3D'font-size:10.0pt;font-family:Arial'> </span></font><font size=3D2
  face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>Universit=
y</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>'s=
 </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Peabody</span></font><font
 size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> =
</span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Museum</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>. =
&nbsp;The
250 kilowatt fuel cell will provide approximately 25 percent of the buildin=
g's
electricity needs, with the heat being used primarily to maintain tight
temperature and humidity controls at the ESC.</span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'><a href=3D"http://www.fce.com/">http://www.fce.com/#</a>=
</span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span style=3D'font-size:1=
2.0pt;
font-family:Arial'>&nbsp;</span></font></p>

<h1><b><u><font size=3D2 face=3DArial><span style=3D'font-size:10.0pt'>PORT=
ABLE/BACKUP
POWER</span></font></u></b></h1>

<p class=3DMsoNormal><font size=3D3 face=3D"Times New Roman"><span style=3D=
'font-size:
12.0pt'>&nbsp;</span></font></p>

<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial;font-weight:bold'>Astris Launches New Fuel Cell Generator=
.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Astris Energi Inc. has unveiled the 2.4 kW model E8 alka=
line
fuel cell generator. The E8 is a completely self-contained portable unit,
powered by Astris&#8217; new POWERSTACK MC250 fuel cell, which performs 30%=
-60%
better than previous units.&nbsp; Astris Energi plans to place the POWERSTA=
CK
MC250 into pilot production in its </span></font><font size=3D2 face=3DAria=
l><span
  style=3D'font-size:10.0pt;font-family:Arial'>Vlasim</span></font><font si=
ze=3D2
 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>, </span><=
/font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Czech
  Republic</span></font><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial'> facility in the first half of 2004.<br>
<a href=3D"http://www.astris.ca/news/index.php">http://www.astris.ca/news/i=
ndex.php</a></span></font></p>

<p class=3DDefault style=3D'text-autospace:ideograph-numeric ideograph-othe=
r'><font
size=3D2 face=3D"Times New Roman"><span style=3D'font-size:10.0pt;font-fami=
ly:"Times New Roman"'>&nbsp;</span></font></p>

<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial;font-weight:bold'>Plug Power Begins Product Shipments.</s=
pan></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Plug Power has shipped fifteen GenCore<sup>&#8482; </sup=
>5T
5kW hydrogen fueled back-up power system to customers in the United States,=
 the
United Kingdom and Japan to support a variety of applications in the
telecommunication, industrial, research, and government sectors. </span></f=
ont></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'><a href=3D"http://www.plugpower.com/">http://www.plugpow=
er.com</a></span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>&nbsp;</span></font></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><b><font size=3D2 face=
=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Hitachi</sp=
an></font></b><b><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;fon=
t-weight:
bold'> and Tokai Develop DMFC Prototype. </span></font></b></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial'>Hitachi, Ltd. and Tokai Corpor=
ation
have developed a prototype direct methanol fuel cell for use in handheld el=
ectronic
devices.&nbsp; The DMFC has a methanol concentration of approximately 20
percent, which is expected to be increased by 10 percent once the units are=
 commercially
available.&nbsp; </span></font><font size=3D2 face=3DArial><span style=3D'f=
ont-size:
  10.0pt;font-family:Arial'>Hitachi</span></font><font size=3D2 face=3DAria=
l><span
style=3D'font-size:10.0pt;font-family:Arial'> plans to introduce the DMFC b=
y 2005
for use in a compatible personal digital assistant.</span></font></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial'>&nbsp;</span></font></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><b><font size=3D2 face=
=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>ERD and </spa=
n></font></b><b><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;f=
ont-weight:
  bold'>Manhattan</span></font></b><b><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'> Scientifics =
Sign
Licensing Agreement.</span></font></b></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial'>Energy Related Devices (ERD) h=
as entered
into an agreement with Manhattan Scientifics for a worldwide non-exclusive
license of </span></font><font size=3D2 face=3DArial><span style=3D'font-si=
ze:10.0pt;
  font-family:Arial'>Manhattan</span></font><font size=3D2 face=3DArial><sp=
an
style=3D'font-size:10.0pt;font-family:Arial'>'s MicroFuel Cell technology.&=
nbsp; Under
the agreement, ERD is allowed to sublicense to any number of companies to
produce and sell MicroFuel Cells. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</span></fo=
nt></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial'><a
href=3D"http://www.energyrelatedevices.com/">http://www.energyrelatedevices=
.com</a>.</span></font></p>

<p class=3DMsoNormal><b><u><font size=3D3 face=3DArial><span style=3D'font-=
size:12.0pt;
font-family:Arial;font-weight:bold'><span style=3D'text-decoration:none'>&n=
bsp;</span></span></font></u></b></p>

<p class=3DMsoNormal><b><u><font size=3D3 face=3DArial><span style=3D'font-=
size:12.0pt;
font-family:Arial;font-weight:bold'>FUELS/REFORMERS/STORAGE</span></font></=
u></b></p>

<p class=3DMsoNormal><b><u><font size=3D3 face=3DArial><span style=3D'font-=
size:12.0pt;
font-family:Arial;font-weight:bold'><span style=3D'text-decoration:none'>&n=
bsp;</span></span></font></u></b></p>

<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
  font-family:Arial;font-weight:bold'>New York</span></font></b><b><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;fon=
t-weight:
bold'> to </span></font></b><b><font size=3D2 face=3DArial><span style=3D'f=
ont-size:
  10.0pt;font-family:Arial;font-weight:bold'>Build Hydrogen HI WAY</span></=
font></b><b><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;fon=
t-weight:
bold'>.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>$2 million in federal support has been awarded to establ=
ish
the Hydrogen &quot;</span></font><font size=3D2 face=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial'>HI WAY</span></font><font si=
ze=3D2
face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>&quot; Init=
iative
in </span></font><font size=3D2 face=3DArial><span style=3D'font-size:10.0p=
t;
  font-family:Arial'>New York</span></font><font size=3D2 face=3DArial><span
 style=3D'font-size:10.0pt;font-family:Arial'> </span></font><font size=3D2
  face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>State</sp=
an></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>.&=
nbsp;
Funding for the project, which will create a hydrogen energy infrastructure
validation platform across the state, is included in the Conference Report =
for
Fiscal Year 2004 Energy and Water Appropriations.&nbsp; Reps. John M. McHugh
(R-NY), James T. Walsh (R-NY), and John E. Sweeney (R-NY) spearheaded the
effort, which will bring together a team of industry, academic, state and
federal partners to create the infrastructure and end-use technology to sup=
port
production of hydrogen energy.&nbsp; </span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial;layout-grid-mode:line'><a
href=3D"http://mchugh.house.gov/pr2003/111803_hiway.html">http://mchugh.hou=
se.gov/pr2003/111803_hiway.html</a></span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial;layout-grid-mode:line'>&nbsp;</span></font></p>

<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial;font-weight:bold'>Proton Unveils New Hydrogen Generator.<=
/span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Proton Energy Systems, Inc. unveiled its HOGEN H Series
hydrogen generators at the POWER-GEN International convention in December. =
The H
Series hydrogen produces ultra-pure hydrogen 24/7 at an output capacity of
80-240 standard cubic feet per hour at a fraction of the cost of cylinder or
tube trailer gas. </span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'><a href=3D"http://www.protonenergy.com/">http://www.prot=
onenergy.com</a></span></font></p>

<p class=3DMsoNormal><b><font size=3D3 face=3DArial><span style=3D'font-siz=
e:12.0pt;
font-family:Arial;layout-grid-mode:line;font-weight:bold'>&nbsp;</span></fo=
nt></b></p>

<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial;layout-grid-mode:line;font-weight:bold'>Dynetek to Deliver
Storage Systems to Ford.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial;layout-grid-mode:line'>Dynetek Industries Ltd. will deliv=
er
on-board complete hydrogen fuel storage systems for Ford Motor Company&#821=
7;s
2004 Ford Focus FCV zero emission automobiles.&nbsp; Dynetek will provide c=
omplete
fuel storage and components solution using its certified 350 bar (5000 psi)
hydrogen fuel storage system. </span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'><a href=3D"http://www.dynetek.com/">http://www.dynetek.c=
om</a></span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>&nbsp;</span></font></p>

<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial;font-weight:bold'>QuestAir and Iwatani Sign Marketing
Agreement.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>QuestAir Technologies Inc. has signed an agreement with
Iwatani International Corporation to market QuestAir's hydrogen purification
systems in </span></font><font size=3D2 face=3DArial><span style=3D'font-si=
ze:10.0pt;
  font-family:Arial'>Japan</span></font><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'> and other parts of </span></f=
ont><font
 size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>A=
sia</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>. =
Under the
terms of the three-year, non-exclusive agreement, Iwatani received the righ=
t to
market QuestAir's HyQuestor&reg; and QuestAir H- 3200 pressure swing adsorp=
tion
(PSA) products in Japan, China and nine other Asian countries. <a
name=3D"_Hlt59959407"></a></span></font></p>

<p class=3DMsoNormal><a
href=3D"http://www.newswire.ca/en/releases/archive/December2003/22/c5062.ht=
ml"><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>ht=
tp://www.newswire.ca/en/releases/archive/December2003/22/c5062.html</span><=
/font></a></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>&nbsp;</span></font></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><b><font size=3D2 face=
=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Innovatek Win=
s Army
Contract.</span></font></b></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial'>Innovatek, Inc. has received a
$780,000 contract with the U.S. Army to develop a new fuel processor that w=
ill
generate hydrogen for use in portable fuel cells. &nbsp;The technology is b=
uilt
on InnovaTek's proprietary compact microchannel architecture that produces
hydrogen from readily available fuels such as gasoline and diesel.</span></=
font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'><a
href=3D"http://www.tekkie.com/news/press_release_12162003.htm">http://www.t=
ekkie.com/news/press_release_12162003.htm</a></span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span style=3D'font-size:1=
2.0pt;
font-family:Arial'>&nbsp;</span></font></p>

<h1><b><u><font size=3D2 face=3DArial><span style=3D'font-size:10.0pt'>FUEL=
 CELL
COMPONENTS</span></font></u></b></h1>

<p class=3DMsoNormal><font size=3D3 face=3D"Times New Roman"><span style=3D=
'font-size:
12.0pt'>&nbsp;</span></font></p>

<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial;font-weight:bold'>UQM Delivers Motor to Eaton, Receives O=
rder
from Caterpillar.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>UQM Technologies has developed and delivered a UQM&reg;
compressor drive motor to Eaton Corporation for use as part of the air hand=
ling
system in a fuel cell. &nbsp;The highly efficient UQM&reg; motor operates at
24,000 revolutions per minute and is lightweight and compact.&nbsp; UQM als=
o received
an order from Caterpillar Inc. for its permanent magnet motors that will be
installed on a fuel cell powered Caterpillar-Elphinstone R1300 mine loader.=
&nbsp;
The mine loader is under development by a consortium of companies led by
Vehicle Projects LLC. and includes Caterpillar Inc., Natural Resources Cana=
da,
and the U.S. Department of Energy. &nbsp;The zero emission fuel cell powered
mine loader is expected to be placed in demonstration at a mine in </span><=
/font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Nevada</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> i=
n early
2005 to evaluate the operability, and productivity of the system.</span></f=
ont></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'><a href=3D"http://www.uqm.com/press/news/04-28.html">htt=
p://www.uqm.com/press/news/04-28.html</a></span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'><a href=3D"http://www.uqm.com/press/news/04-27.html">htt=
p://www.uqm.com/p-ress/news/0427.html</a></span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3D"Times New Roman"><span style=3D=
'font-size:
12.0pt'>&nbsp;</span></font></p>

<h1><b><u><font size=3D2 face=3DArial><span style=3D'font-size:10.0pt'>REPO=
RTS/MARKET
STUDIES</span></font></u></b></h1>

<p class=3DMsoNormal><font size=3D2 face=3D"Times New Roman"><span style=3D=
'font-size:
10.0pt'>&nbsp;</span></font></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><b><font size=3D2 face=
=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Solid Oxide F=
uel
Cells.</span></font></b></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial'>Business Communications Compan=
y,
Inc. (BCC) has released a new report, &quot;RGB-282 Solid Oxide Fuel Cells,=
&quot;
which reveals that the global market for solid oxide fuel cells (SOFCs) is
currently estimated at $123 million, of which the North American market is
estimated to be approximately $67 million.</span></font></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial'><a href=3D"http://www.bccresea=
rch.com/">http://www.bccresearch.com/</a></span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>&nbsp;</span></font></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><b><font size=3D2 face=
=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>North American
Stationary Fuel Cell Market.</span></font></b></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial'>Frost &amp; Sullivan has relea=
sed a
new report, &quot;North American Stationary Fuel Cell Markets,&quot; which =
claims
that revenues in the stationary fuel cell market totaled $21.4 million in 2=
002
and are projected to reach $1.27 billion by 2009.</span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'><a href=3D"http://www.frost.com/prod/servlet/frost-home.=
pag">http://www.frost.com/prod/servlet/frost-home.pag</a></span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span style=3D'font-size:1=
2.0pt;
font-family:Arial'>&nbsp;</span></font></p>

<h1><b><u><font size=3D2 face=3DArial><span style=3D'font-size:10.0pt'>MISC=
ELLANEOUS</span></font></u></b></h1>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span style=3D'font-size:1=
2.0pt;
font-family:Arial'>&nbsp;</span></font></p>

<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial;font-weight:bold'>Palcan Joins With </span></font></b><b>=
<font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;f=
ont-weight:
  bold'>Shanghai</span></font></b><b><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'> Mingliang Pl=
astic.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Palcan Fuel Cells Ltd. has signed a joint venture agreem=
ent
with Shanghai Mingliang Plastic Co. Ltd. to establish a commercial
manufacturing facility in </span></font><font size=3D2 face=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial'>Shanghai</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> t=
o produce
PEM fuel cell stacks for the global fuel cell marketplace. &nbsp;Palcan will
have full managerial control of the facility, which is expected to be
operational within six months. &nbsp;When fully operational, the manufactur=
ing
facility will manufacture 20,000 PEM fuel cell stacks units per year. The u=
nits
will be sold at substantially less than the current world market prices. </=
span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'><a href=3D"http://www.palcan.com/">http://www.palcan.com=
</a></span></font></p>

<p class=3DMsoNormal><strong><b><font size=3D2 face=3DArial><span style=3D'=
font-size:
10.0pt;font-family:Arial'>&nbsp;</span></font></b></strong></p>

<p class=3DMsoNormal><strong><b><font size=3D2 face=3DArial><span style=3D'=
font-size:
10.0pt;font-family:Arial'>FuelCon Selects Illies as </span></font></b></str=
ong><strong><b><font
 size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>A=
sia</span></font></b></strong><strong><b><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> S=
ales
Partner.</span></font></b></strong><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'><br>
FuelCon has selected Illies &amp; Co. as its sales partner for the </span><=
/font><font
 size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>A=
sia</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> r=
egion.
Illies &amp; Co. will market FuelCon&#8217;s fuel cell test systems in </sp=
an></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Japan</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>, =
</span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
China</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>, =
</span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Taiwan</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> a=
nd </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Korea</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>.<=
br>
<a href=3D"http://www.fuelcon.com/en/news/index.html">http://www.fuelcon.co=
m/en/news/index.html#</a></span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3D"Times New Roman"><span style=3D=
'font-size:
12.0pt'>&nbsp;</span></font></p>

<h1><b><u><font size=3D2 face=3DArial><span style=3D'font-size:10.0pt'>CONF=
ERENCES</span></font></u></b></h1>

<p class=3DMsoNormal><font size=3D3 face=3D"Times New Roman"><span style=3D=
'font-size:
12.0pt'>&nbsp;</span></font></p>

<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial;font-weight:bold'>Micro Fuel Cell Regulations &amp;
Compliance</span></font></b><b><font face=3DArial><span style=3D'font-famil=
y:Arial;
font-weight:bold'>.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Micro Fuel Cell Regulations &amp; Compliance will be hel=
d on
four different dates on four different locations - </span></font><font size=
=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>Februa=
ry 23-24,
 2004</span></font><font size=3D2 face=3DArial><span style=3D'font-size:10.=
0pt;
font-family:Arial'> in </span></font><font size=3D2 face=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial'>Irvine</span></font><font si=
ze=3D2
 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>, </span><=
/font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
California</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>; =
</span></font><font size=3D2 face=3DArial><span style=3D'font-size:10.0pt;f=
ont-family:Arial'>March 25-26, 2004</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> i=
n </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Washington</span></font><font
 size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>,=
 </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
DC</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>; =
</span></font><font size=3D2 face=3DArial><span style=3D'font-size:10.0pt;f=
ont-family:Arial'>May 13-14, 2004</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> i=
n </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Hartford</span></font><font
 size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>,=
 </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Connecticut</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>; =
and </span></font><font size=3D2 face=3DArial><span style=3D'font-size:10.0=
pt;font-family:Arial'>June 17-18, 2004</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> i=
n </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Vancouver</span></font><font
 size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>,=
 </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
British
  Columbia</span></font><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial'>.&nbsp; For more information, go to</span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'><a href=3D"http://www.cbinet.com/events/HS411/index.html=
">http://www.cbinet.com/events/HS411/index.html</a></span></font><font
face=3DArial><span style=3D'font-family:Arial'>.</span></font></p>

<p class=3DMsoBodyText><b><font size=3D2 face=3DArial><span style=3D'font-s=
ize:10.0pt'>&nbsp;</span></font></b></p>

<p class=3DMsoBodyText><b><font size=3D2 face=3DArial><span style=3D'font-s=
ize:10.0pt'>2nd
Fuel Cell Investment </span></font></b><font size=3D2><span style=3D'font-s=
ize:
  10.0pt'>Summit</span></font><font size=3D2><span style=3D'font-size:10.0p=
t'>.</span></font></p>

<p class=3DMsoBodyText><b><font size=3D2 face=3DArial><span style=3D'font-s=
ize:10.0pt;
font-weight:normal'>The Connecticut Clean Energy Fund is holding the Second
Annual Fuel Cell Investment Summit, </span></font></b><font
 size=3D2><span style=3D'font-size:10.0pt;font-weight:normal'>March 14-16, =
2004</span></font><font
size=3D2><span style=3D'font-size:10.0pt;font-weight:normal'>, at the Moheg=
an Sun
Casino in </span></font><font size=3D2><span style=3D'font-size:10.0pt;font=
-weight:
  normal'>Uncasville</span></font><font size=3D2><span style=3D'font-size:1=
0.0pt;
 font-weight:normal'>, </span></font><font size=3D2><span style=3D'font-siz=
e:10.0pt;
  font-weight:normal'>Connecticut</span></font><font size=3D2><span
style=3D'font-size:10.0pt;font-weight:normal'>.&nbsp; For registration, exh=
ibitor
and sponsor information, visit <a href=3D"http://www.fuelcellis.com/">http:=
//www.fuelcellis.com</a>.</span></font></p>

<p class=3DMsoBodyText><b><font size=3D2 face=3DArial><span style=3D'font-s=
ize:10.0pt;
font-weight:normal'>&nbsp;</span></font></b></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><b><font size=3D2 face=
=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>2004 Hydrogen
Infrastructure Investment Roundtable.</span></font></b></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial'>The 2004 Hydrogen Infrastructu=
re
Investment Roundtable, &#8220;Building the Hydrogen Economy: Overcoming
Challenges and Complexity&#8221; will be held </span></font><font
 size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>M=
arch
 17-19, 2004</span></font><font size=3D2 face=3DArial><span style=3D'font-s=
ize:10.0pt;
font-family:Arial'>, at the Westfields Marriott Hotel in </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Chantilly</span></font><font
 size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>,=
 </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Virginia</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>.&=
nbsp; For
details, go to <a href=3D"http://www.montreuxenergy.com/hydrogen.htm">http:=
//www.montreuxenergy.com/hydrogen.htm</a>.</span></font></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><b><font size=3D2 face=
=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>&nbsp;</span>=
</font></b></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><b><font size=3D2 face=
=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>4th Annual Fu=
el
Cell Investor.</span></font></b></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial'>The 4<sup>th</sup> Annual Fuel=
 Cell
Investor will be held </span></font><font size=3D2 face=3DArial><span
 style=3D'font-size:10.0pt;font-family:Arial'>March 25-26, 2004</span></fon=
t><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>, =
at the Sheraton
Society Hill in </span></font><font size=3D2 face=3DArial><span style=3D'fo=
nt-size:
  10.0pt;font-family:Arial'>Philadelphia</span></font><font size=3D2 face=
=3DArial><span
 style=3D'font-size:10.0pt;font-family:Arial'>, </span></font><font size=3D2
  face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>Pennsylva=
nia</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>.&=
nbsp; For
conference information, please visit</span></font></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial'><a
href=3D"http://www.srinstitute.com/ApplicationFiles/web/WebFrame.cfm?web_id=
=3D207">http://www.srinstitute.com/ApplicationFiles/web/WebFrame.cfm?web_id=
=3D207</a>.</span></font></p>

<p class=3DMsoBodyText><b><font size=3D2 face=3DArial><span style=3D'font-s=
ize:10.0pt'>&nbsp;</span></font></b></p>

<p class=3DMsoBodyText><b><font size=3D2 face=3DArial><span style=3D'font-s=
ize:10.0pt'>Hannover</span></font></b><font
size=3D2><span style=3D'font-size:10.0pt'> Fair 2004.</span></font></p>

<p class=3DMsoBodyText><b><font size=3D2 face=3DArial><span style=3D'font-s=
ize:10.0pt;
font-weight:normal'>The Hannover Fair takes place </span></font></b><font s=
ize=3D2><span style=3D'font-size:10.0pt;font-weight:normal'>April 19-24, 20=
04</span></font><font
size=3D2><span style=3D'font-size:10.0pt;font-weight:normal'>, in </span></=
font><font
 size=3D2><span style=3D'font-size:10.0pt;font-weight:normal'>Hannover</spa=
n></font><font
size=3D2><span style=3D'font-size:10.0pt;font-weight:normal'> </span></font=
><font
  size=3D2><span style=3D'font-size:10.0pt;font-weight:normal'>Germany</spa=
n></font><font
size=3D2><span style=3D'font-size:10.0pt;font-weight:normal'>.&nbsp; Join m=
ore than
100 Exhibitors and Forum participants from all over the world presenting th=
eir
latest H2/FC developments and products.&nbsp; Visit <a
href=3D"http://www.fair-pr.com/">http://www.fair-pr.com/</a> or contact <a
href=3D"mailto:[email protected]">[email protected]</a> for more information.=
&nbsp;
Click on <a href=3D"http://www.virtual-fair.com">www.virtual-fair.com</a> to
visit the virtual exhibits.</span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>&nbsp;</span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>####</span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>&nbsp;</span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Help support Fuel Cells 2000 while keeping a close eye on
the fuel cell world. &nbsp;Subscribe to the Fuel Cell Quarterly - just US$2=
5.00
(a bargain compared to other fuel cell newsletters and publications). Or you
can make a tax-deductible contribution of US$25.00 or more to Breakthrough
Technologies Institute and receive a year's subscription to the Quarterly as
our way of saying thanks.&nbsp; Subscribtion information can be found at <a
href=3D"www.fuelcells.org/newsletter.htm">www.fuelcells.org/newsletter.htm<=
/a> or
go to <a href=3D"www.fuelcells.org/pubs.doc">www.fuelcells.org/pubs.doc</a>=
 to
see all of our publications. </span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>&nbsp;</span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Fuel Cells 2000 (<a href=3D"www.fuelcells.org">www.fuelc=
ells.org</a>)
is a non-profit, educational activity that seeks to promote the development,
demonstration and commercialization of fuel cell technology. </span></font>=
</p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>&nbsp;</span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>----------</span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>To unsubscribe from this list, or change the email addre=
ss
where you receive messages, please go to <a
href=3D"http://v2.listbox.com/member/[email protected]">h=
ttp://v2.listbox.com/member/[email protected]</a></span><=
/font></p>

<p class=3DMsoNormal><font size=3D2 face=3D"Times New Roman"><span style=3D=
'font-size:
10.0pt'>&nbsp;</span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3D"Times New Roman"><span style=3D=
'font-size:
12.0pt'>&nbsp;</span></font></p>

</div>



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