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

"Jennifer Gangi" <[email protected]> Tue, 9 Nov 2004 11:18:55 -0500
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Fuel Cell Technology Update - November 2004

=20

Sorry the update is a little late, but I just got back from the Fuel Cell S=
eminar in San Antonio.  I hope you agree that it was worth the wait, as sev=
eral new products were introduced there.

=20

For more information on the following stories, click on the provided link, =
contact Jennifer Gangi at [email protected] or call (202) 785-4222, ex=
t. 17.=20=20

=20

TRANSPORTATION APPLICATIONS

=20

Quantum Ships First Fuel Cell Vehicle to U.S. Army.

Quantum Fuel Systems Technologies Worldwide, Inc., (QTWW) and the U.S. Army=
 TARDEC's NAC (Tank-Automotive Research, Development and Engineering Center=
's National Automotive Center) unveiled a high performance, fuel cell off-r=
oad vehicle, the "Quantum AMV(tm)" (Alternative Mobility Vehicle), nickname=
d the "Aggressor."   The vehicle is designed and manufactured by Quantum fo=
r the U.S. Army under contract with the NAC.=20

http://www.qtww.com/press_releases/pr_oct_25_2004.shtml

=20

Michelin, PSI Introduce New Fuel Cell Vehicle.

Michelin and the Paul Scherrer Institute (PSI) have built a new fuel cell v=
ehicle.  The "Hy-Light" prototype exhibits 102 horsepower as well as a rang=
e of 400 kilometers (300 miles).=20

http://www.spacedaily.com/2004/041013162041.jqt2rsb8.html

=20

German Scientists Equip Vehicle with DMFC.

Scientists from Research Centre J=FClich have equipped a commercial electri=
c vehicle with a direct methanol fuel cell (DMFC).  The new vehicle is know=
n as "JuMOVe" and has successfully completed road trials.=20

http://www.fz-juelich.de/portal/index.php?index=3D281&cmd=3Dshow&mid=3D240

=20

Ford Introduces Hydrogen-Powered Cars, Bus.

Ford has introduced the H2RV, which combines an internal combustion engine =
powered by hydrogen, boosted by a supercharger, with a Ford patented Modula=
r Hybrid Transmission System (MHTS).  Two H2RV vehicles, based upon the For=
d Focus wagon, are now on the streets of southeastern Michigan, generating =
thousands of real-world miles.  Ford also introduced a new shuttle bus with=
 a hydrogen internal combustion engine (H2ICE) that boasts a 99-percent red=
uction in carbon dioxide (CO2) emissions.  The new vehicle features a Ford =
E-450 chassis cab paired with a shuttle bus body and a 6.8-liter Triton V-1=
0 engine fueled with hydrogen.  The H2ICE E-450 seats up to 12 passengers a=
nd is equipped with a 25-gallon equivalent, 5,000-pound-per-square-inch hyd=
rogen fuel tank.  The vehicle is expected to have a range of up to 150 mile=
s, depending on conditions and vehicle load.

http://media.ford.com/newsroom/release_display.cfm?release=3D19385

=20

GM, SAIC to Develop Fuel Cell, Hybrid Vehicles in China.

General Motors Corporation (GM) has signed a joint agreement with Shanghai =
Automotive Industry Corporation (SAIC) to pursue the development and commer=
cialization of fuel cell and hybrid electric vehicles in China, including a=
 two-year demonstration project based on GM's HydroGen3 fuel cell vehicle.

http://media.gm.com/servlet/GatewayServlet?target=3Dhttp://image.emerald.gm=
.com/gmnews/viewmonthlyreleasedetail.do?domain=3D74&docid=3D9047

=20

Volkswagen, Tongji University and IAV to Develop Fuel Cell Vehicles in Chin=
a.=20

Volkswagen AG has signed an agreement with Tongji University and German eng=
ineering company IAV to develop fuel cell vehicles in China.  Volkswagen wi=
ll provide the body and Tongji will contribute fuel cells and high-power ba=
tteries.

http://quote.bloomberg.com/apps/news?pid=3D10000085&sid=3Damg64NqfzBdU&refe=
r=3Deurope

=20

Parker and Vectrix Unveil Second Generation Scooter; Parker Makes Equity In=
vestment in Vectrix.

Parker Hannifin Corporation and Vectrix Corporation unveiled the second gen=
eration of the VX-Fce fuel cell/electric hybrid scooter, which integrates a=
 fuel cell system with a battery-powered electric scooter, at the 2004 Fuel=
 Cell Seminar. The scooter is expected to be launched in major cities throu=
ghout Europe and the United States in the next two to three years, making i=
t the first commercially viable fuel cell powered vehicle.  In other news, =
Parker announced it is also making an equity investment in Vectrix Corporat=
ion, to help begin production of the scooter.

http://phx.corporate-ir.net/phoenix.zhtml?c=3D97464&p=3Dirol-newsArticle&ID=
=3D640436&highlight=3D

=20

STATIONARY POWER

=20

FuelCell Energy Heads to Jail.

FuelCell Energy, Inc. has sold its first one-megawatt Direct FuelCell=AE (D=
FC=AE) power plant in California to Alameda County for the Santa Rita Jail =
in Dublin.  FuelCell Energy and its North American distribution partner, Ch=
evron Energy Solutions will provide Alameda County a DFC1500 power plant an=
d related operating and maintenance services.  Chevron Energy Solutions wil=
l act as overall project manager and integrator, providing design, engineer=
ing, construction, and installation services to Alameda County. The DFC1500=
 power plant is expected to provide 90 percent of base load power requireme=
nts for the Santa Rita Jail.

http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=3DFCEL&script=3D412&=
layout=3D-6&item_id=3D635083

=20

FuelCell Energy and POSCO to Distribute and Package DFC Power Plants in Kor=
ea.

FuelCell Energy, Inc. and its distribution partner in Japan, Marubeni Corp.=
 have signed an agreement with POSCO to enter into a strategic alliance to =
distribute and package Direct FuelCell=AE (DFC=AE) power plants in Korea.  =
As part of this agreement, POSCO will purchase three 250-kilowatt DFC300A p=
ower plants from FuelCell Energy through Marubeni, with the first unit to b=
e sited at POSTECH (Pohang University of Science and Technology) in Pohang =
City, Korea. Siting announcements for the two additional DFC power plants a=
re expected by the end of the year.

http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=3DFCEL&script=3D412&=
layout=3D-6&item_id=3D640390

=20

Toho Gas to Field-Test Residential Fuel Cell System.

Toho Gas will introduce a residential fuel cell cogeneration system on a tr=
ial bases at houses in Japan starting at the end of fiscal year 2005.  The =
1-kW fuel cells will use hydrogen from city gas, and will generate usable h=
ot water for the households.

http://www.fuelcelltoday.com/FuelCellToday/IndustryInformation/IndustryInfo=
rmationExternal/NewsDisplayArticle/0,1602,5060,00.html <http://www.fuelcell=
today.com/FuelCellToday/IndustryInformation/IndustryInformationExternal/New=
sDisplayArticle/0,1602,5060,00.html>=20

=20

PC25 No More, Hello PureCell 200.

UTC Power has renamed the PC25(tm), its 200-kW fuel cell power system, to t=
he PureCell(tm) 200.  The PureCell(tm) 200 technology has been installed in=
 19 countries on five continents, in a wide range of locations.

http://www.utcfuelcells.com/utcpower/news/archive/2004-11-02.shtm

=20

FuelCell Energy to Combine Its Canadian SOFC Operations into Versa Power Sy=
stems.

FuelCell Energy, Inc. has entered into an agreement to combine its Canadian=
 solid oxide fuel cell (SOFC) operations into Versa Power Systems.  Consoli=
dating SOFC technology development into a single entity provides a greater =
opportunity to commercialize SOFC products under the U.S. Department of Ene=
rgy's (DOE) 10-year, $139 million Solid State Energy Conversion Alliance (S=
ECA) Program.

http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=3DFCEL&script=3D412&=
layout=3D-6&item_id=3D633258

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PORTABLE/BACKUP POWER


=20

IdaTech Unveils Portable Fuel Cell System at Fuel Cell Seminar.

IdaTech unveiled a scalable 100W to 500W portable fuel cell system prototyp=
e to be introduced to the U.S. market at the 2004 Fuel Cell Seminar in San =
Antonio, Texas.  The liquid fuel system with on-board reformer, is a protot=
ype of a system that will be delivered to the U.S. Army for use as a field =
battery charger.  The system runs on a prepackaged methanol-water mixture, =
which provides a highly compact and long lasting source of power.  The powe=
r output of the prototype being shown is about 150 watts, while the unit de=
livered to the Army will be 250 watts in approximately the same size packag=
e.

http://www.idatech.com/media/news.html?article=3D67

=20

NanoDynamics Introduces Portable SOFC at Fuel Cell Seminar.

NanoDynamics introduced its ground-breaking new portable solid oxide fuel c=
ell, the Revolution(tm) 50, at the 2004 Fuel Cell Seminar.  The Revolution(=
tm) 50 has been designed for a wide range of applications, including combat=
 soldier power, battery recharger systems, outdoor safety lighting and adve=
rtising, portable refrigeration systems as well as various other applicatio=
ns.

http://www.nanodynamics.com/newsArticles/news-november-02-04.asp

=20

Hydrogenics Expands HyPM=AE Product Line.

Hydrogenics Corporation announced two additions to its HyPM=AE product line=
 at the 2004 Fuel Cell Seminar, the HyPM 7 unit and the HyPM 65 unit.  The =
HyPM line is designed for light mobility and backup power applications.
http://www.hydrogenics.com/ir_newsdetail.asp?RELEASEID=3D147103

=20

Protonex Joins With Parker Hannifin.

Protonex Technology Corporation and Parker Hannifin Corporation have signed=
 a strategic partnership agreement. The agreement covers joint product deve=
lopment and manufacturing activities, as well as the collaborative sales an=
d marketing of Protonex's NGen(tm) fuel cell products to military and comme=
rcial customers.

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

=20

MTI MicroFuel Cells Receives Two Military Contracts.

MTI MicroFuel Cells has received two contracts from the United States Armed=
 Forces.  The first award, which will be administered by the Army Research,=
 Development and Engineering Command (RDECOM) as part of its evaluation of =
new technologies for field-readiness, will total approximately $250,000 ove=
r the next ten months. The program includes the delivery of five integrated=
, hybrid DMFC systems to Special Operations Forces (SOF).  The second award=
, a Phase I Small Business Innovative Research (SBIR) contract from Marine =
Corp System Command, will provide $70,000 over the next six months to suppo=
rt MTI Micro efforts to analyze and report on current regulations and requi=
rements necessary to field DMFCs and fuel refill systems.=20

http://www.mtimicrofuelcells.com/news/article.asp?id=3D183

=20

DMFCC Opens Japan Office.

Direct Methanol Fuel Cell Corporation (DMFCC) has opened an office in Tokyo=
 to work closely with Japanese direct methanol fuel cell and portable elect=
ronics manufacturers.  Concurrently, a large Japanese company made a strate=
gic equity investment in DMFCC.=20=20

http://www.dmfcc.com/

=20

FUELS/REFORMERS/STORAGE

=20

Arnold Schwarzenegger Unveils Hydrogen Station at LAX.

Arnold Schwarzenegger, the Governor of California, officially dedicated the=
 state's first retail-designed hydrogen demonstration refueling station, at=
 a BP-branded site at Los Angeles International Airport. The station has be=
en developed in partnership with Praxair, South Coast Air Quality Managemen=
t District and Los Angeles World Airport and will provide hydrogen for five=
 DaimlerChrysler fuel cell cars.

http://www.bp.com/genericarticle.do?categoryId=3D120&contentId=3D7001593

=20

DTE Energy Dedicates Hydrogen Technology Park.

DTE Energy has partnered with the U.S. Department of Energy (DOE), the stat=
e of Michigan and the city of Southfield to develop, build and operate a Hy=
drogen Technology Park that will create hydrogen gas from tap water and use=
 that gas in fuel cell generators and to refuel fuel cell-powered vehicles.=
 The hydrogen will be produced using electricity from a combination of grid=
 power and on-site solar photovoltaic cells. The facility is capable of del=
ivering 100,000 kilowatt-hours of electricity per year, enough to power a s=
mall office complex and several fuel cell vehicles per day.

http://www.dteenergy.com/news/releases/hydrogenDedication.html?searchType=
=3D&searchValue=3DDTE+Energy

=20

DOE Awards $75 Million to Support Hydrogen Fuel Research.

DOE announced its selection of 36 research projects to receive more than $7=
5 million to support the President's Hydrogen Fuel Initiative, including se=
veral renewable hydrogen production technologies powered by the sun and mor=
e robust programs in near-term distributed hydrogen generation appliances s=
uch as small-scale natural gas reformers and electrolyzers that can be site=
d at existing gasoline stations.=20

When private cost share is included, the 36 projects come to a nearly $100 =
million investment and involve more than 115 organizations, including acade=
mia, industry, and DOE national laboratories.

http://www.energy.gov/engine/content.do?PUBLIC_ID=3D16784&BT_CODE=3DPR_PRES=
SRELEASES&TT_CODE=3DPRESSRELEASE

=20

GTI Converts Ethanol to Hydrogen.

Gas Technology Institute (GTI) announced that its two-step steam reforming-=
shift fuel processor has successfully and efficiently converted ethanol int=
o hydrogen.  For the past six months, GTI engineers have been performing in=
ternal research to demonstrate the potential of its fuel processor technolo=
gy to generate hydrogen from a variety of renewable fuels.

http://www.gastechnology.org/webroot/app/xn/xd.aspx?it=3Denweb&xd=3D6newsro=
om\ethanoltohydrogen.xml

=20

Group Generates Hydrogen From Bread.

Sapporo Breweries, Shimadzu Corporation, and Hiroshima University announced=
 that their joint research group has developed an innovative and highly eff=
icient technology that generates hydrogen from discarded bread.  Called Hyd=
rogen Methane Two-Stage Fermentation, the technology can produce biohydroge=
n and methane separately.  The biohydrogen that is generated does not conta=
in sulfur, and is usable in fuel cells.  The industry-academia group will c=
onduct further research with the aim of commercializing the technology usin=
g a pilot testing facility beginning in mid-October.

http://www.japancorp.net/Article.Asp?Art_ID=3D8484

=20

MTI Receives Approval for Shipment of Methanol Fuel Cartridges.

MTI MicroFuel Cells Inc. has received United Nations (UN) Packaging Certifi=
cation and is now in United States Department of Transportation (DOT) Compl=
iance for shipment of its methanol fuel cartridges, supporting its initial =
product launch planned by year-end. With this UN and DOT recognition in pla=
ce, authorized shippers can now conveniently transport MTI Micro=B4s fuel r=
efills by ground, sea and air, both domestically and internationally.

http://www.mtimicrofuelcells.com/news/article.asp?id=3D191

=20

H2Gen Wins DOE Award of $5.4 Million.

H2Gen Innovations, Inc., which has developed a small-scale on-site applianc=
e for generating highly pure hydrogen, has been selected by the U.S. Depart=
ment of Energy as prime contractor for a $5.4 million grant program.  H2Gen=
's long-standing development partners at Sud-Chemie, Inc. and the Naval Res=
earch Laboratory will also participate in this program, which requires cost=
-sharing from the participants.=20=20

http://www.h2gen.com/news/041026.html

=20

QuestAir to Supply Hydrogen Purification Technology to Asia's Largest Liqui=
d Hydrogen Plant.

QuestAir Technologies Inc. announced that two of its HyQuestor=AE hydrogen =
purifiers have been chosen for inclusion in the largest liquid hydrogen pla=
nt in Asia to be constructed in Osaka, Japan.  The plant, which will be own=
ed and operated by HydroEdge Co., Ltd., a joint venture between Iwatani Int=
ernational Corporation and several other partners including Kansai Electric=
 Power group company, will supply liquid hydrogen to the Japanese Aerospace=
 Exploration Agency (JAXA) and a range of industrial customers. It is also =
anticipated that hydrogen from the plant will be used in the future to supp=
ly fuel cell vehicles in Japan.

http://www.newswire.ca/en/releases/archive/October2004/18/c1075.html

=20

Voller FC Generators to Utilize DOT-approved Canisters.

Voller Energy, Ltd.'s new VE100 v2 portable fuel cell system is able to uti=
lize Department of    Transportation (DOT)-approved metal hydride canisters.

http://www.voller-energy.com/ve/press.htm# <http://www.voller-energy.com/ve=
/press.htm>=20

=20

SHEC-Labs to Work with Hydrogenics.

SHEC-Labs (Solar Hydrogen Energy Corporation) has signed a Strategic Partne=
rship Agreement with Hydrogenics Corporation.  Through this agreement Hydro=
genics will provide fuel cell technologies and process knowledge to SHEC-La=
bs' upcoming commercial projects.

http://www.prweb.com/releases/2004/10/prwebxml168260.php

=20

FUEL CELL COMPONENTS

=20

Nextech Materials Launches NextCell(tm) Advanced Electrolyte Supported SOFC.

Nextech Materials has introduced the NextCell(tm) Advanced Electrolyte Supp=
orted Planar Cell for use in solid oxide fuel cell (SOFC) demonstrations, p=
rototyping, research and benchmarking. These cells have dramatically improv=
ed strength and higher performance compared to traditional electrolyte supp=
orted cells.=20=20

http://www.nextechmaterials.com/

=20

PolyFuel Membrane Breakthrough Great News for Automobiles.

PolyFuel has achieved a breakthrough in its hydrocarbon-based membranes tha=
t could ultimately make hydrogen fuel cell-powered automobiles a commercial=
 reality.  Several car makers have already tested the new membranes and Pol=
yFuel is confident that the new technology will meet the remaining minimum =
requirements: engine start-up at below freezing temperatures and longer lif=
etime.

http://www.polyfuel.com/pressroom/press_pr_100504.html

=20


REPORTS/MARKET STUDIES


=20

2004 Worldwide Industry Survey.

The US Fuel Cell Council (USFCC) has released the results of its 2004 World=
wide Fuel Cell Industry Survey, providing sales, R&D expenditures, and empl=
oyment data from members of the USFCC, Fuel Cells Canada, Fuel Cell Europe,=
 and the Fuel Cell Commercialization Conference of Japan.  The survey repor=
ted a 41% increase in global fuel cell sales between 2002 and 2003, and a 1=
3% increase in fuel cell R&D expenditures over the same period.=20=20

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

=20

REQUESTS FOR PROPOSALS

=20

Fuel Cell Projects in Arctic Environments.

The University of Alaska Fairbanks Arctic Energy Technology Development Lab=
oratory (AETDL) has issued a solicitation for projects to promote energy te=
chnologies in Arctic regions, including fuel cell projects. AETDL requests =
that individual proposals not exceed $350,000 per year in requested funding=
.=20

http://www.uaf.edu/aetdl/ <http://www.uaf.edu/aetdl/>=20

=20


MISCELLANEOUS


=20

Award Winner Proposes Major Investment.

Robert Rose, executive director of Breakthrough Technologies Institute, the=
 parent organization of Fuel Cells 2000, and the US Fuel Cell Council, used=
 his award speech at the 2004 Fuel Cell Seminar to propose a major investme=
nt in the industry to induce commercialization.  The program would invest $=
60 billion in public funds in the U.S. over the next 15 years for purchases=
, purchase subsidies and incentives, and accelerated research and demonstra=
tions.   To view Rose's Fuel Cell Seminar speech, go to http://www.fuelcell=
s.org/seminarspeech.pdf.

=20

Stark State Breaks Ground on Fuel Cell Prototyping Center.

Stark State College, in Canton, Ohio, broke ground on a 23,000 square foot =
$4.4 million Fuel Cell Prototyping Center that will enable manufacturers to=
 evaluate new designs with state-of-the-art commercial equipment.  The Cent=
er will enable companies to conduct research and development in solid oxide=
 fuel cells in order to cost-effectively produce prototypes that will lead =
to successful production and commercialization of fuel cells.  The Fuel Cel=
l Prototyping Center is scheduled to open in the fall of 2005.

http://www.starkstate.edu/NEWS/press_releases/fuelcell_groundbreaking.htm

=20

Astris Signs Cooperation Agreement With El.Ma.

Astris Energi, Inc. has signed a cooperation agreement with Italy's Electro=
nic Machining s.r.l. (El.Ma.).  Under the terms of the agreement, Astris sa=
id it will license the use of its alkaline fuel cell (AFC) technology and m=
arket its products and consulting services to El.Ma. with the objective of =
quickly expanding El.Ma.'s AFC technical readiness and establishing it as a=
 hydrogen/fuel cell center of expertise in Italy and Europe.

http://www.astris.ca/NE/NE10.php?item=3D1098204163

=20


CONFERENCES


=20

For a complete list of conferences, please go to http://www.fuelcells.org/n=
ews/conf.html.

=20

Energy Advancement Leadership Conference.

The University of Houston, the Global Energy Management Institute and the H=
ouston Advanced Research Center present the Energy Advancement Leadership C=
onference, November 17-18, 2004, at the Reliant Center in Houston, Texas.  =
For info, go to http://www.bauer.uh.edu/gemi/energyregistration.htm.

=20

FC Expo.

The 1st International Fuel Cell Expo will take place January 19 -21, 2005, =
in Tokyo Big Sight, Japan.  For conference details, go to http://www.fcexpo=
.jp/english.

=20

Asia Power 2005.=20

Asia Power 2005 will be held March 1-3, 2005, at the Grand Hyatt Hotel in S=
ingapore.  For more information on Asia Power 2005, please visit http://www=
.terrapinn.com/2005/ap%5FSG/.

=20

EVS21.

The  21st  Worldwide  Battery,  Hybrid  and  Fuel  Cell Electric Vehicle Sy=
mposium will take place in Monaco from April 2-6, 2005.  For details, check=
 out http://www.evs21.org <http://www.evs21.org/> .=20=20=20

=20

Hannover Fair '05.=20

The International Hydrogen + Fuel Cells Group Exhibit, Hannover Fair '05, w=
ill be held April 11-15, 2005.  More information is available at: http://ww=
w.fair-pr.com/ <http://www.fair-pr.com/>  or by email [email protected] <mai=
lto:[email protected]> .

=20

SOFC-IX.

The Ninth International Symposium on Solid Oxide Fuel Cells will be held Ma=
y 15-20, 2005, at the Quebec City Convention Center in Quebec City, Canada.=
  For conference details, please visit http://www.electrochem.org <http://w=
ww.electrochem.org/> .

=20

Lucerne FUEL CELL FORUM 2005.
Two International fuel cell conferences, Fuel Cells for a Sustainable World=
 and the 3rd European Polymer Electrolyte Fuel Cell Forum, will be held Jul=
y 4-8, 2005, at the Kultur- und Kongresszentrum Luzern in Lucerne, Switzerl=
and.  For registration information, please visit http://www.efcf.com/.

=20

26th Ris=F8 International Symposium on Materials Science.

The 26th Ris=F8 International Symposium on Materials Science will be held S=
eptember 4-8, 2005, at the Ris=F8 National Laboratory in Roskilde, Denmark.=
  For details, visit http://www.risoe.dk/afm/symp26.

=20

World Hydrogen Technologies Convention 2005.

The World Hydrogen Technologies Convention 2005 will be held October 3-6, 2=
005, in Singapore.  For more information, please go to http://www.WHTC2005.=
com <http://www.whtc2005.com/> .

=20

2005 Fuel Cell Seminar.

The 2005 Fuel Cell Seminar will take place November 14-18, 2005, at the Pal=
m Springs Convention Center in Palm Springs, California.  For registration =
or exhibitor information, go to http://www.fuelcellseminar.com <http://www.=
fuelcellseminar.com/> .

=20

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####

=20

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=20

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<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Fuel Cell Technology Update &#8211; November 2004</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'>Sorry the update is a little late, but I just got back f=
rom
the Fuel Cell Seminar in </span></font><font size=3D2 face=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial'>San Antonio</span></font><fo=
nt
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>.=
=A0 I hope
you agree that it was worth the wait, as several new products were introduc=
ed
there.</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'>For more information on the following stories, click on =
the
provided link, contact Jennifer Gangi at [email protected] or call (20=
2)
785-4222, ext. 17.&nbsp; </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><u><font size=3D2 face=3DArial><span style=3D'font-=
size:10.0pt;
font-family:Arial;font-weight:bold'>TRANSPORTATION APPLICATIONS</span></fon=
t></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'>&nbsp;</span></font></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'>Quantum Ships First Fuel Cell Vehicle t=
o </span></font></b><b><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;f=
ont-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'> Army.</span>=
</font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Quantum Fuel Systems Technologies Worldwide, Inc., (QTWW)
and the U.S. Army TARDEC's NAC (Tank-Automotive Research, Development and <=
/span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Engineering</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'>=
Center</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'>=
National</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'>=
Automotive</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'>=
Center</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>) =
unveiled a
high performance, fuel cell off-road vehicle, the &quot;Quantum
AMV&#8482;&quot; (Alternative Mobility Vehicle), nicknamed the &quot;Aggres=
sor.&quot;
=A0=A0The vehicle is designed and manufactured by Quantum for the U.S. Army=
 under
contract with the NAC. </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.qtww.com/press_releases/pr_oct_25_2004.shtml">http://www=
.qtww.com/press_releases/pr_oct_25_2004.shtml</a></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'><span class=3Dbtx1><b><f=
ont
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-weight:bold'>Mic=
helin, PSI
Introduce New Fuel Cell Vehicle.</span></font></b></span></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><span class=3Dbtx1><font=
 size=3D2
face=3DArial><span style=3D'font-size:10.0pt'>Michelin and the Paul Scherrer
Institute (PSI) have built a new fuel cell vehicle.=A0 T</span></font></spa=
n><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>he
&quot;Hy-Light&quot; prototype exhibits 102 horsepower as well as a range of
400 kilometers (300 miles). </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.spacedaily.com/2004/041013162041.jqt2rsb8.html">http://w=
ww.spacedaily.com/2004/041013162041.jqt2rsb8.html</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'>German Scient=
ists
Equip Vehicle with DMFC.</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'>Scientists from Research Centre
J=FClich have equipped a commercial electric vehicle with a direct methanol=
 fuel
cell (DMFC).=A0 The new ve</span></font><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>hicle is known as
&#8220;JuMOVe&quot; and has successfully completed road trials. </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.fz-juelich.de/portal/index.php?index=3D281&amp;cmd=3Dsho=
w&amp;mid=3D240">http://www.fz-juelich.de/portal/index.php?index=3D281&amp;=
cmd=3Dshow&amp;mid=3D240</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><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial;font-weight:bold'>Ford Introduces Hydrogen-Powered Cars, =
Bus.</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'>Ford has introduced the H<sup>=
2</sup>RV,
which combines an internal combustion engine powered by hydrogen, boosted b=
y a
supercharger, with a Ford patented Modular Hybrid Transmission System (MHTS=
). =A0Two
H<sup>2</sup>RV vehicles, based upon the Ford Focus wagon, are now on the
streets of southeastern </span></font><font size=3D2 face=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial'>Michigan</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>, =
generating
thousands of real-world miles.=A0 Ford also introduced a new shuttle bus wi=
th a hydrogen
internal combustion engine (H2ICE) that boasts a 99-percent reduction in ca=
rbon
dioxide (CO2) emissions.=A0 The new vehicle features a Ford E-450 chassis c=
ab
paired with a shuttle bus body and a 6.8-liter Triton V-10 engine fueled wi=
th
hydrogen.=A0 The H2ICE E-450 seats up to 12 passengers and is equipped with=
 a 25-gallon
equivalent, 5,000-pound-per-square-inch hydrogen fuel tank.=A0 The vehicle =
is
expected to have a range of up to 150 miles, depending on conditions and
vehicle load.</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://media.ford.com/newsroom/release_display.cfm?release=3D19385"=
>http://media.ford.com/newsroom/release_display.cfm?release=3D19385</a></sp=
an></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'>GM, SAIC to D=
evelop
Fuel Cell, Hybrid Vehicles in </span></font></b><b><font size=3D2 face=3DAr=
ial><span
  style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>China</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 style=3D'text-autospace:none'><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial'>General Motors Corporation (GM=
) has
signed a joint agreement with Shanghai Automotive Industry Corporation (SAI=
C)
to pursue the development and commercialization of fuel cell and hybrid
electric vehicles in China, including a two-year demonstration project base=
d on
GM's HydroGen3 fuel cell vehicle.</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://media.gm.com/servlet/GatewayServlet?target=3Dhttp://image.em=
erald.gm.com/gmnews/viewmonthlyreleasedetail.do?domain=3D74&amp;docid=3D904=
7">http://media.gm.com/servlet/GatewayServlet?target=3Dhttp://image.emerald=
.gm.com/gmnews/viewmonthlyreleasedetail.do?domain=3D74&amp;docid=3D9047</a>=
</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><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial;font-weight:bold'>Volkswagen, </span></font></b><b><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;f=
ont-weight:
  bold'>Tongji</span></font></b><b><font size=3D2 face=3DArial><span
 style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'> </span></fo=
nt></b><b><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;f=
ont-weight:
  bold'>University</span></font></b><b><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'> and IAV to D=
evelop
Fuel Cell Vehicles in </span></font></b><b><font size=3D2 face=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>China</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'>Volkswagen AG has signed an agreement with </span></font=
><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Tongji</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'> a=
nd German
engineering company IAV to develop fuel cell vehicles in </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'>. =
=A0Volkswagen
will provide the body and Tongji will contribute fuel cells and high-power
batteries.</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://quote.bloomberg.com/apps/news?pid=3D10000085&amp;sid=3Damg64=
NqfzBdU&amp;refer=3Deurope">http://quote.bloomberg.com/apps/news?pid=3D1000=
0085&amp;sid=3Damg64NqfzBdU&amp;refer=3Deurope</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'>Parker and Vectrix Unveil Second Genera=
tion
Scooter; Parker Makes Equity Investment in Vectrix.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 color=3Dblack face=3DArial><span style=
=3D'font-size:
10.0pt;font-family:Arial;color:black'>Parker Hannifin Corporation and Vectr=
ix
Corporation unveiled the second generation of the VX-Fce fuel cell/electric
hybrid scooter, which integrates a fuel cell system with a battery-powered
electric scooter, at the 2004 Fuel Cell Seminar. The scooter is expected to=
 be
launched in major cities throughout </span></font><font size=3D2 color=3Dbl=
ack
 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;color:black=
'>Europe</span></font><font
size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-fa=
mily:Arial;
color:black'> and the </span></font><font size=3D2 color=3Dblack face=3DAri=
al><span
  style=3D'font-size:10.0pt;font-family:Arial;color:black'>United States</s=
pan></font><font
size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-fa=
mily:Arial;
color:black'> in the next two to three years, making it the first commercia=
lly
viable fuel cell powered vehicle.=A0 In other news, Parker announced it is =
also making
an equity investment in Vectrix Corporation, to help begin production of th=
e scooter.</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://phx.corporate-ir.net/phoenix.zhtml?c=3D97464&amp;p=3Dirol-ne=
wsArticle&amp;ID=3D640436&amp;highlight">http://phx.corporate-ir.net/phoeni=
x.zhtml?c=3D97464&amp;p=3Dirol-newsArticle&amp;ID=3D640436&amp;highlight</a=
>=3D</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>

<p class=3DMsoNormal><b><u><font size=3D2 face=3DArial><span style=3D'font-=
size:10.0pt;
font-family:Arial;font-weight:bold'>STATIONARY POWER</span></font></u></b><=
/p>

<p class=3DMsoNormal><b><u><font size=3D2 face=3DArial><span style=3D'font-=
size:10.0pt;
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'>FuelCell Energy Heads to Jail.</span></=
font></b></p>

<p class=3DMsoNormal><font size=3D2 color=3Dblack face=3DArial><span style=
=3D'font-size:
10.0pt;font-family:Arial;color:black'>FuelCell Energy, Inc. has sold its fi=
rst
one-megawatt Direct FuelCell=AE (DFC=AE) power plant in </span></font><font=
 size=3D2
  color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-family:Ar=
ial;
  color:black'>California</span></font><font size=3D2 color=3Dblack face=3D=
Arial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black'> to </span></font>=
<font
  size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-=
family:Arial;
  color:black'>Alameda</span></font><font size=3D2 color=3Dblack face=3DAri=
al><span
 style=3D'font-size:10.0pt;font-family:Arial;color:black'> </span></font><f=
ont
  size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-=
family:Arial;
  color:black'>County</span></font><font size=3D2 color=3Dblack face=3DAria=
l><span
style=3D'font-size:10.0pt;font-family:Arial;color:black'> for the Santa Rit=
a Jail
in </span></font><font size=3D2 color=3Dblack face=3DArial><span style=3D'f=
ont-size:
  10.0pt;font-family:Arial;color:black'>Dublin</span></font><font size=3D2
color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-family:Aria=
l;
color:black'>. =A0FuelCell Energy and its North American distribution partn=
er,
Chevron Energy Solutions will provide </span></font><font size=3D2 color=3D=
black
  face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;color:blac=
k'>Alameda</span></font><font
 size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-f=
amily:Arial;
 color:black'> </span></font><font size=3D2 color=3Dblack face=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial;color:black'>County</span></f=
ont><font
size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-fa=
mily:Arial;
color:black'> a DFC1500 power plant and related operating and maintenance
services. =A0Chevron Energy Solutions will act as overall project manager a=
nd
integrator, providing design, engineering, construction, and installation
services to </span></font><font size=3D2 color=3Dblack face=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial;color:black'>Alameda</span></=
font><font
 size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-f=
amily:Arial;
 color:black'> </span></font><font size=3D2 color=3Dblack face=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial;color:black'>County</span></f=
ont><font
size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-fa=
mily:Arial;
color:black'>. The DFC1500 power plant is expected to provide 90 percent of
base load power requirements for the Santa Rita Jail.</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.corporate-ir.net/ireye/ir_site.zhtml?ticker=3DFCEL&amp;s=
cript=3D412&amp;layout=3D-6&amp;item_id=3D635083">http://www.corporate-ir.n=
et/ireye/ir_site.zhtml?ticker=3DFCEL&amp;script=3D412&amp;layout=3D-6&amp;i=
tem_id=3D635083</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'>FuelCell Energy and POSCO to Distribute=
 and
Package DFC Power Plants in </span></font></b><b><font size=3D2 face=3DAria=
l><span
  style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Korea</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'>FuelCell Energy, Inc. and its distribution partner in Ja=
pan,
Marubeni Corp. have signed an agreement with POSCO to enter into a strategic
alliance to distribute and package <font color=3Dblack><span style=3D'color=
:black'>Direct
FuelCell=AE (DFC=AE) </span></font>power plants in </span></font><font size=
=3D2
  face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>Korea</sp=
an></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>. =
=A0As part
of this agreement, POSCO will purchase three 250-kilowatt DFC300A power pla=
nts
from FuelCell Energy through Marubeni, with the first unit to be sited at
POSTECH (Pohang University of Science and Technology) in </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Pohang
  City</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'>Korea</span></font><font siz=
e=3D2
face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>. Siting
announcements for the two additional DFC power plants are expected by the e=
nd
of the year.</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.corporate-ir.net/ireye/ir_site.zhtml?ticker=3DFCEL&amp;s=
cript=3D412&amp;layout=3D-6&amp;item_id=3D640390">http://www.corporate-ir.n=
et/ireye/ir_site.zhtml?ticker=3DFCEL&amp;script=3D412&amp;layout=3D-6&amp;i=
tem_id=3D640390</a></span></font></p>

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

<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial;font-weight:bold'>Toho Gas to Field-Test Residential Fuel
Cell System.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Toho Gas will introduce a residential fuel cell cogenera=
tion
system on a trial bases at houses in </span></font><font size=3D2 face=3DAr=
ial><span
  style=3D'font-size:10.0pt;font-family:Arial'>Japan</span></font><font siz=
e=3D2
face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> starting a=
t the
end of fiscal year 2005. =A0The 1-kW fuel cells will use hydrogen from city=
 gas,
and will generate usable hot water for the households.</span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3D"Times New Roman"><span style=3D=
'font-size:
10.0pt'><a
href=3D"http://www.fuelcelltoday.com/FuelCellToday/IndustryInformation/Indu=
stryInformationExternal/NewsDisplayArticle/0,1602,5060,00.html"><font
face=3DArial><span style=3D'font-family:Arial'>http://www.fuelcelltoday.com=
/FuelCellToday/IndustryInformation/IndustryInformationExternal/NewsDisplayA=
rticle/0,1602,5060,00.html</span></font></a></span></font></p>

<p class=3DMsoNormal><b><u><font size=3D2 face=3DArial><span style=3D'font-=
size:10.0pt;
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'>PC25 No More, Hello PureCell 200.</span=
></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>UTC Power has renamed the PC25&#8482;, its 200-kW fuel c=
ell
power system, to the PureCell&#8482; 200. =A0The PureCell&#8482; 200 techno=
logy
has been installed in 19 countries on five continents, in a wide range of
locations.</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.utcfuelcells.com/utcpower/news/archive/2004-11-02.shtm">=
http://www.utcfuelcells.com/utcpower/news/archive/2004-11-02.shtm</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'>FuelCell Energy to Combine Its Canadian=
 SOFC
Operations into Versa Power Systems.</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. has entered into an agreement to
combine its Canadian solid oxide fuel cell (SOFC) operations into Versa Pow=
er
Systems. =A0Consolidating SOFC technology development into a single entity
provides a greater opportunity to commercialize SOFC products under the U.S.
Department of Energy's (DOE) 10-year, $139 million Solid State Energy
Conversion Alliance (SECA) Program.</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.corporate-ir.net/ireye/ir_site.zhtml?ticker=3DFCEL&amp;s=
cript=3D412&amp;layout=3D-6&amp;item_id=3D633258">http://www.corporate-ir.n=
et/ireye/ir_site.zhtml?ticker=3DFCEL&amp;script=3D412&amp;layout=3D-6&amp;i=
tem_id=3D633258</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=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'>IdaTech Unveils Portable Fuel Cell Syst=
em
at Fuel Cell Seminar.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 color=3Dblack face=3DArial><span style=
=3D'font-size:
10.0pt;font-family:Arial;color:black'>IdaTech unveiled a scalable 100W to 5=
00W
portable fuel cell system prototype to be introduced to the </span></font><=
font
  size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-=
family:Arial;
  color:black'>U.S.</span></font><font size=3D2 color=3Dblack face=3DArial>=
<span
style=3D'font-size:10.0pt;font-family:Arial;color:black'> market at the 200=
4 Fuel
Cell Seminar in </span></font><font size=3D2 color=3Dblack face=3DArial><sp=
an
  style=3D'font-size:10.0pt;font-family:Arial;color:black'>San Antonio</spa=
n></font><font
 size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-f=
amily:Arial;
 color:black'>, </span></font><font size=3D2 color=3Dblack face=3DArial><sp=
an
  style=3D'font-size:10.0pt;font-family:Arial;color:black'>Texas</span></fo=
nt><font
size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-fa=
mily:Arial;
color:black'>.=A0 The liquid fuel system with on-board reformer, is a proto=
type
of a system that will be delivered to the U.S. Army for use as a field batt=
ery
charger. =A0The system runs on a prepackaged methanol-water mixture, which
provides a highly compact and long lasting source of power. =A0The power ou=
tput
of the prototype being shown is about 150 watts, while the unit delivered to
the Army will be 250 watts in approximately the same size package.</span></=
font></p>

<p class=3DMsoNormal><font size=3D2 color=3Dblack face=3DArial><span style=
=3D'font-size:
10.0pt;font-family:Arial;color:black'><a
href=3D"http://www.idatech.com/media/news.html?article=3D67">http://www.ida=
tech.com/media/news.html?article=3D67</a></span></font></p>

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

<p class=3DMsoNormal><b><font size=3D2 color=3Dblack face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;font-weight:bold'>N=
anoDynamics
Introduces Portable SOFC at Fuel Cell Seminar.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>NanoDynamics introduced its ground-breaking new portable
solid oxide fuel cell, the Revolution&#8482; 50, at the 2004 Fuel Cell Semi=
nar.=A0
The Revolution&#8482; 50 has been designed for a wide range of applications,
including combat soldier power, battery recharger systems, outdoor safety
lighting and advertising, portable refrigeration systems as well as various
other applications.</span></font></p>

<p class=3DMsoNormal><font size=3D2 color=3Dblack face=3DArial><span style=
=3D'font-size:
10.0pt;font-family:Arial;color:black'><a
href=3D"http://www.nanodynamics.com/newsArticles/news-november-02-04.asp">h=
ttp://www.nanodynamics.com/newsArticles/news-november-02-04.asp</a></span><=
/font></p>

<p class=3DMsoNormal><font size=3D2 color=3Dblack face=3DArial><span style=
=3D'font-size:
10.0pt;font-family:Arial;color:black'>&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'>Hydrogenics Expands HyPM=AE Product Lin=
e.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Hydrogenics Corporation announced two additions to its H=
yPM<sup>=AE</sup>
product line at the 2004 Fuel Cell Seminar, the HyPM 7 unit and the HyPM 65=
 unit.=A0
The HyPM line is designed for light mobility and backup power applications.=
<br>
<a href=3D"http://www.hydrogenics.com/ir_newsdetail.asp?RELEASEID=3D147103"=
>http://www.hydrogenics.com/ir_newsdetail.asp?RELEASEID=3D147103</a></span>=
</font></p>

<p class=3DMsoNormal><b><font size=3D2 color=3Dblack face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;font-weight:bold'>=
=A0</span></font></b></p>

<p class=3DMsoNormal><b><font size=3D2 color=3Dblack face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;font-weight:bold'>P=
rotonex
Joins With Parker Hannifin.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 color=3Dblack face=3DArial><span style=
=3D'font-size:
10.0pt;font-family:Arial;color:black'>Protonex Technology Corporation and
Parker Hannifin Corporation have signed a strategic partnership agreement. =
The
agreement covers joint product development and manufacturing activities, as
well as the collaborative sales and marketing of Protonex's NGen&#8482; fuel
cell products to military and commercial customers.</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.protonex.com/">http://www.protonex=
.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><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial;font-weight:bold'>MTI MicroFuel Cells Receives Two Milita=
ry
Contracts.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>MTI MicroFuel Cells has received two contracts from the
United States Armed Forces.=A0 The first award, which will be administered =
by the
Army Research, Development and Engineering Command (RDECOM) as part of its
evaluation of new technologies for field-readiness, will total approximately
$250,000 over the next ten months. The program includes the delivery of five
integrated, hybrid DMFC systems to Special Operations Forces (SOF). =A0The =
second
award, a Phase I Small Business Innovative Research (SBIR) contract from Ma=
rine
Corp System Command, will provide $70,000 over the next six months to suppo=
rt
MTI Micro efforts to analyze and report on current regulations and requirem=
ents
necessary to field DMFCs and fuel refill systems. </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.mtimicrofuelcells.com/news/article.asp?id=3D183">http://=
www.mtimicrofuelcells.com/news/article.asp?id=3D183</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'>DMFCC Opens </span></font></b><b><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;f=
ont-weight:
  bold'>Japan</span></font></b><b><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'> Office.</spa=
n></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Direct Methanol Fuel Cell Corporation (DMFCC) has opened=
 an
office in </span></font><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
  font-family:Arial'>Tokyo</span></font><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'> to work closely with Japanese
direct methanol fuel cell and portable electronics manufacturers.=A0
Concurrently, a large Japanese company made a strategic equity investment in
DMFCC.=A0 </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.dmfcc.com/">http://www.dmfcc.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><b><u><font size=3D2 face=3DArial><span style=3D'font-=
size:10.0pt;
font-family:Arial;font-weight:bold'>FUELS/REFORMERS/STORAGE</span></font></=
u></b></p>

<p class=3DMsoNormal><b><u><font size=3D2 face=3DArial><span style=3D'font-=
size:10.0pt;
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'>Arnold</span></font></b><b><font size=
=3D2
face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;font-weight:=
bold'>
Schwarzenegger Unveils Hydrogen Station at LAX.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Arnold Schwarzenegger, the Governor of California,
officially dedicated the state&#8217;s first retail-designed hydrogen
demonstration refueling station, at a BP-branded site at </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Los
  Angeles</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'>International</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'>=
Airport</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>. =
The
station has been developed in partnership with Praxair, South Coast Air Qua=
lity
Management District and </span></font><font size=3D2 face=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial'>Los Angeles</span></font><fo=
nt
 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'>=
World</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'>=
Airport</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> a=
nd will
provide hydrogen for five DaimlerChrysler fuel cell cars.</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.bp.com/genericarticle.do?categoryId=3D120&amp;contentId=
=3D7001593">http://www.bp.com/genericarticle.do?categoryId=3D120&amp;conten=
tId=3D7001593</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'>DTE Energy Dedicates </span></font></b>=
<b><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;f=
ont-weight:
  bold'>Hydrogen</span></font></b><b><font size=3D2 face=3DArial><span
 style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'> </span></fo=
nt></b><b><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;f=
ont-weight:
  bold'>Technology</span></font></b><b><font size=3D2 face=3DArial><span
 style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'> </span></fo=
nt></b><b><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;f=
ont-weight:
  bold'>Park</span></font></b><b><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>.</span></fon=
t></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>DTE Energy has partnered with the U.S. Department of Ene=
rgy
(DOE), the state of </span></font><font size=3D2 face=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial'>Michigan</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> a=
nd the
city of </span></font><font size=3D2 face=3DArial><span style=3D'font-size:=
10.0pt;
  font-family:Arial'>Southfield</span></font><font size=3D2 face=3DArial><s=
pan
style=3D'font-size:10.0pt;font-family:Arial'> to develop, build and operate=
 a </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Hydrogen</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'>=
Technology</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'>=
Park</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> t=
hat will
create hydrogen gas from tap water and use that gas in fuel cell generators=
 and
to refuel fuel cell-powered vehicles. The hydrogen will be produced using
electricity from a combination of grid power and on-site solar photovoltaic
cells. The facility is capable of delivering 100,000 kilowatt-hours of
electricity per year, enough to power a small office complex and several fu=
el
cell vehicles per day.</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.dteenergy.com/news/releases/hydrogenDedication.html?sear=
chType=3D&amp;searchValue=3DDTE+Energy">http://www.dteenergy.com/news/relea=
ses/hydrogenDedication.html?searchType=3D&amp;searchValue=3DDTE+Energy</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><a name=3D8228><b><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>DOE Awards $75
Million to Support Hydrogen Fuel Research</span></font></b></a><b><font siz=
e=3D2
face=3DArial><span style=3D'font-size:10.0pt;font-family: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'>DOE announced its selection of 36 research projects to
receive more than $75 million to support the President's Hydrogen Fuel
Initiative, including several renewable hydrogen production technologies
powered by the sun and more robust programs in near-term distributed hydrog=
en
generation appliances such as small-scale natural gas reformers and electro=
lyzers
that can be sited at existing gasoline stations.&nbsp;</span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>When private cost share is included, the 36 projects com=
e to
a nearly $100 million investment and involve more than 115 organizations,
including academia, industry, and DOE national laboratories.</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.energy.gov/engine/content.do?PUBLIC_ID=3D16784&amp;BT_CO=
DE=3DPR_PRESSRELEASES&amp;TT_CODE=3DPRESSRELEASE">http://www.energy.gov/eng=
ine/content.do?PUBLIC_ID=3D16784&amp;BT_CODE=3DPR_PRESSRELEASES&amp;TT_CODE=
=3DPRESSRELEASE</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'>GTI Converts
Ethanol to Hydrogen.</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'>Gas Technology Institute (GTI)
announced that its two-step steam reforming-shift fuel processor has
successfully and efficiently converted ethanol into hydrogen. =A0For the pa=
st six
months, GTI engineers have been performing internal research to demonstrate=
 the
potential of its fuel processor technology to generate hydrogen from a vari=
ety
of renewable fuels.</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.gastechnology.org/webroot/app/xn/xd.aspx?it=3Denweb&amp;=
xd=3D6newsroom\ethanoltohydrogen.xml">http://www.gastechnology.org/webroot/=
app/xn/xd.aspx?it=3Denweb&amp;xd=3D6newsroom\ethanoltohydrogen.xml</a></spa=
n></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'>Group Generat=
es
Hydrogen From Bread.</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'>Sapporo Breweries, Shimadzu
Corporation, and </span></font><font size=3D2 face=3DArial><span style=3D'f=
ont-size:
  10.0pt;font-family:Arial'>Hiroshima</span></font><font size=3D2 face=3DAr=
ial><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'> a=
nnounced
that their joint research group has developed an innovative and highly
efficient technology that generates hydrogen from discarded bread. =A0Called
Hydrogen Methane Two-Stage Fermentation, the technology can produce biohydr=
ogen
and methane separately. =A0The biohydrogen that is generated does not conta=
in
sulfur, and is usable in fuel cells.=A0 The industry-academia group will co=
nduct
further research with the aim of commercializing the technology using a pil=
ot
testing facility beginning in mid-October.</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.japancorp.net/Article.Asp?Art_ID=3D8484">http://www.japa=
ncorp.net/Article.Asp?Art_ID=3D8484</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'>MTI Receives
Approval for Shipment of Methanol Fuel Cartridges.</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'>MTI MicroFuel Cells Inc. has
received United Nations (UN) Packaging Certification and is now in United
States Department of Transportation (DOT) Compliance for shipment of its
methanol fuel cartridges, supporting its initial product launch planned by
year-end. With this UN and DOT recognition in place, authorized shippers can
now conveniently transport MTI Micro=B4s fuel refills by ground, sea and ai=
r,
both domestically and internationally.</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.mtimicrofuelcells.com/news/article.asp?id=3D191">http://=
www.mtimicrofuelcells.com/news/article.asp?id=3D191</a></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'>H2Gen Wins DOE
Award of $5.4 Million.</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'>H2Gen Innovations, Inc., which=
 has
developed a small-scale on-site appliance for generating highly pure hydrog=
en,
has been selected by the U.S. Department of Energy as prime contractor for a
$5.4 million grant program.=A0 H2Gen&#8217;s long-standing development part=
ners
at Sud-Chemie, Inc. and the Naval Research Laboratory will also participate=
 in
this program, which requires cost-sharing from the participants.=A0 </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.h2gen.com/news/041026.html">http://www.h2gen.com/news/04=
1026.html</a></span></font></p>

<p class=3DMsoNormal><b><u><font size=3D2 face=3DArial><span style=3D'font-=
size:10.0pt;
font-family:Arial;font-weight:bold'><span style=3D'text-decoration:none'>&n=
bsp;</span></span></font></u></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'>QuestAir to S=
upply Hydrogen
Purification Technology to </span></font></b><b><font size=3D2 face=3DArial=
><span
 style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Asia</span><=
/font></b><b><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;fon=
t-weight:
bold'>'s Largest Liquid Hydrogen Plant.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 color=3Dblack face=3DArial><span style=
=3D'font-size:
10.0pt;font-family:Arial;color:black'>QuestAir Technologies Inc. announced =
that
two of its HyQuestor=AE hydrogen purifiers have been chosen for inclusion i=
n the
largest liquid hydrogen plant in </span></font><font size=3D2 color=3Dblack
 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;color:black=
'>Asia</span></font><font
size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-fa=
mily:Arial;
color:black'> to be constructed in </span></font><font size=3D2 color=3Dbla=
ck
  face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;color:blac=
k'>Osaka</span></font><font
 size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-f=
amily:Arial;
 color:black'>, </span></font><font size=3D2 color=3Dblack face=3DArial><sp=
an
  style=3D'font-size:10.0pt;font-family:Arial;color:black'>Japan</span></fo=
nt><font
size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-fa=
mily:Arial;
color:black'>.=A0 The plant, which will be owned and operated by HydroEdge =
Co.,
Ltd., a joint venture between Iwatani International Corporation and several
other partners including Kansai Electric Power group company, will supply
liquid hydrogen to the Japanese Aerospace Exploration Agency (JAXA) and a r=
ange
of industrial customers. It is also anticipated that hydrogen from the plant
will be used in the future to supply fuel cell vehicles in </span></font><f=
ont
  size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-=
family:Arial;
  color:black'>Japan</span></font><font size=3D2 color=3Dblack face=3DArial=
><span
style=3D'font-size:10.0pt;font-family:Arial;color:black'>.</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.newswire.ca/en/releases/archive/October2004/18/c1075.htm=
l">http://www.newswire.ca/en/releases/archive/October2004/18/c1075.html</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'>Voller FC
Generators to Utilize DOT-approved Canisters.</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'>Voller Energy, Ltd.&#8217;s new
VE100 v2 portable fuel cell system is able to utilize Department of=A0=A0=
=A0
Transportation (DOT)-approved metal hydride canisters.</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.voller-energy.com/ve/press.htm">ht=
tp://www.voller-energy.com/ve/press.htm#</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'>SHEC-Labs to =
Work
with Hydrogenics.</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'>SHEC-Labs (Solar Hydrogen Ener=
gy
Corporation) has signed a Strategic Partnership Agreement with Hydrogenics
Corporation.=A0 Through this agreement Hydrogenics will provide fuel cell
technologies and process knowledge to SHEC-Labs' upcoming commercial projec=
ts.</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.prweb.com/releases/2004/10/prwebxml168260.php">http://ww=
w.prweb.com/releases/2004/10/prwebxml168260.php</a></span></font></p>

<p class=3DMsoNormal><b><u><font size=3D2 face=3DArial><span style=3D'font-=
size:10.0pt;
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=3D2 face=3DArial><span lang=3DIT
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>FUEL CELL
COMPONENTS</span></font></u></b></p>

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

<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span lang=3DIT style=
=3D'font-size:
10.0pt;font-family:Arial;font-weight:bold'>Nextech Materials Launches NextC=
ell&#8482;
Advanced Electrolyte Supported SOFC.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span lang=3DIT style=3D'f=
ont-size:10.0pt;
font-family:Arial'>Nextech Materials has introduced the NextCell&#8482;
Advanced Electrolyte Supported Planar Cell for use in solid oxide fuel cell
(SOFC) demonstrations, </span></font><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>prototyping, research and
benchmarking. These cells have dramatically improved strength and higher
performance compared to traditional electrolyte supported cells.=A0 </span>=
</font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span lang=3DIT style=3D'f=
ont-size:10.0pt;
font-family:Arial'><a href=3D"http://www.nextechmaterials.com/">http://www.=
nextechmaterials.com/</a></span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span lang=3DIT style=3D'f=
ont-size:12.0pt;
font-family:Arial'>&nbsp;</span></font></p>

<p class=3DMsoNormal><span class=3Dbody-txt1><b><font size=3D2 face=3DArial=
><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>PolyFuel Memb=
rane
Breakthrough Great News for Automobiles.</span></font></b></span></p>

<p class=3DMsoNormal><span class=3Dbody-txt1><font size=3D2 face=3DArial><s=
pan
style=3D'font-size:10.0pt;font-family:Arial'>PolyFuel has achieved a breakt=
hrough
in its hydrocarbon-based membranes that could ultimately make hydrogen fuel
cell-powered automobiles a commercial reality.=A0 </span></font></span><font
size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-fa=
mily:Arial;
color:black'>Several car makers have already tested the new membranes and P=
olyFuel
is confident that the new technology will meet the remaining minimum
requirements: engine start-up at below freezing temperatures and longer
lifetime.</span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span lang=3DIT style=3D'f=
ont-size:10.0pt;
font-family:Arial'><a
href=3D"http://www.polyfuel.com/pressroom/press_pr_100504.html">http://www.=
polyfuel.com/pressroom/press_pr_100504.html</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'>REPO=
RTS/MARKET
STUDIES</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'>2004 Worldwide Industry Survey.</span><=
/font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>The US Fuel Cell Council (USFCC) has released the result=
s of
its 2004 Worldwide Fuel Cell Industry Survey, providing sales, R&amp;D
expenditures, and employment data from members of the USFCC, Fuel Cells Can=
ada,
Fuel Cell Europe, and the Fuel Cell Commercialization Conference of Japan.=
=A0 The
survey reported a 41% increase in global fuel cell sales between 2002 and 2=
003,
and a 13% increase in fuel cell R&amp;D expenditures over the same period.=
=A0 </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.usfcc.com/">http://www.usfcc.com</=
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><b><u><font size=3D2 face=3DArial><span style=3D'font-=
size:10.0pt;
font-family:Arial;font-weight:bold'>REQUESTS FOR PROPOSALS</span></font></u=
></b></p>

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

<p class=3DMsoNormal><a name=3D"OLE_LINK2"></a><a name=3D"OLE_LINK1"><b><fo=
nt size=3D2
face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;font-weight:=
bold'>Fuel
Cell Projects in Arctic Environments.</span></font></b></a></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>The University of Alaska Fairbanks Arctic Energy Technol=
ogy
Development Laboratory (AETDL) has issued a solicitation for projects to
promote energy technologies in Arctic regions, including fuel cell projects.
AETDL requests that individual proposals not exceed $350,000 per year in
requested funding. </span></font></p>

<p class=3DMsoNormal><a href=3D"http://www.uaf.edu/aetdl/"><font size=3D2 f=
ace=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>http://www.uaf.edu/aetdl/</spa=
n></font></a></p>

<p class=3DMsoNormal><font size=3D3 color=3Dblack face=3DArial><span style=
=3D'font-size:
12.0pt;font-family:Arial;color:black'>&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=3D"Times New Roman"><span style=3D=
'font-size:
12.0pt'>&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'>Award Winner
Proposes Major Investment.</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'>Robert Rose</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>, =
executive
director of Breakthrough Technologies Institute, the parent organization of
Fuel Cells 2000, and the US Fuel Cell Council, used his award speech at the
2004 Fuel Cell Seminar to propose a major investment in the industry to ind=
uce
commercialization.=A0 The program would invest $60 billion in public funds =
in the
</span></font><font size=3D2 face=3DArial><span style=3D'font-size:10.0pt;f=
ont-family:
  Arial'>U.S.</span></font><font size=3D2 face=3DArial><span style=3D'font-=
size:10.0pt;
font-family:Arial'> over the next 15 years for purchases, purchase subsidies
and incentives, and accelerated research and demonstrations.=A0=A0 To view
Rose&#8217;s Fuel Cell Seminar speech, go to <a
href=3D"http://www.fuelcells.org/seminarspeech.pdf">http://www.fuelcells.or=
g/seminarspeech.pdf</a>.</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><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
  font-family:Arial;font-weight:bold'>Stark</span></font></b><b><font size=
=3D2
 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;font-weight=
:bold'> </span></font></b><b><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;f=
ont-weight:
  bold'>State</span></font></b><b><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'> Breaks Groun=
d on </span></font></b><b><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;f=
ont-weight:
  bold'>Fuel</span></font></b><b><font size=3D2 face=3DArial><span
 style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'> </span></fo=
nt></b><b><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;f=
ont-weight:
  bold'>Cell</span></font></b><b><font size=3D2 face=3DArial><span
 style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'> </span></fo=
nt></b><b><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;f=
ont-weight:
  bold'>Prototyping</span></font></b><b><font size=3D2 face=3DArial><span
 style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'> </span></fo=
nt></b><b><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;f=
ont-weight:
  bold'>Center</span></font></b><b><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>.</span></fon=
t></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Stark State College, in </span></font><font size=3D2
  face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>Canton</s=
pan></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'>=
Ohio</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>, =
broke ground
on a 23,000 square foot $4.4 million </span></font><font size=3D2 face=3DAr=
ial><span
  style=3D'font-size:10.0pt;font-family:Arial'>Fuel</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'>=
Cell</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'>=
Prototyping</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'>=
Center</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> t=
hat will
enable manufacturers to evaluate new designs with state-of-the-art commerci=
al
equipment.=A0 The Center will enable companies to conduct research and
development in solid oxide fuel cells in order to cost-effectively produce
prototypes that will lead to successful production and commercialization of
fuel cells.=A0 The Fuel Cell Prototyping Center is scheduled to open in the=
 fall
of 2005.</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.starkstate.edu/NEWS/press_releases/fuelcell_groundbreaki=
ng.htm">http://www.starkstate.edu/NEWS/press_releases/fuelcell_groundbreaki=
ng.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'>Astris Signs
Cooperation Agreement With El.Ma.</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'>Astris Energi, Inc. has signed=
 a
cooperation agreement with </span></font><font size=3D2 face=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial'>Italy</span></font><font siz=
e=3D2
face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>'s Electron=
ic
Machining s.r.l. (El.Ma.).=A0 Under the terms of the agreement, Astris said=
 it
will license the use of its alkaline fuel cell (AFC) technology and market =
its
products and consulting services to El.Ma. with the objective of quickly
expanding El.Ma.'s AFC technical readiness and establishing it as a
hydrogen/fuel cell center of expertise in Italy and Europe.</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.astris.ca/NE/NE10.php?item=3D10982=
04163">http://www.astris.ca/NE/NE10.php?item=3D1098204163</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><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>For a complete list of conferences, please go to <a
href=3D"http://www.fuelcells.org/news/conf.html">http://www.fuelcells.org/n=
ews/conf.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>

<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'>Energy Advanc=
ement
Leadership Conference.</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 </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'> =
of </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Houston</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>, =
the Global
Energy Management Institute and the </span></font><font size=3D2 face=3DAri=
al><span
  style=3D'font-size:10.0pt;font-family:Arial'>Houston</span></font><font s=
ize=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'>=
Advanced</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'>=
Research</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'>=
Center</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> p=
resent the
Energy Advancement Leadership Conference, </span></font><font
 size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>N=
ovember
 17-18, 2004</span></font><font size=3D2 face=3DArial><span style=3D'font-s=
ize:10.0pt;
font-family:Arial'>, at the </span></font><font color=3Dblack><span
  style=3D'color:black'><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
  font-family:Arial'>Reliant</span></font></span></font><font size=3D2
 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-family:Ari=
al;
 color:black'> </span></font><font size=3D2 color=3Dblack face=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial;color:black'>Center</span></f=
ont><font
size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-fa=
mily:Arial;
color:black'> in </span></font><font size=3D2 color=3Dblack face=3DArial><s=
pan
  style=3D'font-size:10.0pt;font-family:Arial;color:black'>Houston</span></=
font><font
 size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-f=
amily:Arial;
 color:black'>, </span></font><font size=3D2 color=3Dblack face=3DArial><sp=
an
  style=3D'font-size:10.0pt;font-family:Arial;color:black'>Texas</span></fo=
nt><font
size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-fa=
mily:Arial;
color:black'>.=A0 For info, go to <a
href=3D"http://www.bauer.uh.edu/gemi/energyregistration.htm">http://www.bau=
er.uh.edu/gemi/energyregistration.htm</a>.</span></font></p>

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

<p class=3DMsoNormal style=3D'text-autospace:none'><b><font size=3D2 face=
=3D"Arial TUR"><span
style=3D'font-size:10.0pt;font-family:"Arial TUR";font-weight:bold'>FC Expo=
.</span></font></b></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2 face=3D"A=
rial TUR"><span
style=3D'font-size:10.0pt;font-family:"Arial TUR"'>The 1st International Fu=
el
Cell Expo will take place January 19 -21, 2005, in Tokyo Big Sight, </span>=
</font><font
  size=3D2 face=3D"Arial TUR"><span style=3D'font-size:10.0pt;font-family:"=
Arial TUR"'>Japan</span></font><font
size=3D2 face=3D"Arial TUR"><span style=3D'font-size:10.0pt;font-family:"Ar=
ial TUR"'>.=A0
For conference details, go to <a href=3D"http://www.fcexpo.jp/english">http=
://www.fcexpo.jp/english</a>.</span></font></p>

<p class=3DMsoNormal style=3D'text-align:justify'><font size=3D2 face=3D"Ar=
ial TUR"><span
style=3D'font-size:10.0pt;font-family:"Arial TUR"'>&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'>Asia</span></font></b><b><font size=3D2
face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;font-weight:=
bold'>
Power 2005. </span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>Asia Power 2005 will be held </span></font><font size=3D=
2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>March 1-3=
, 2005</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>, =
at the </span></font><font
size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-fa=
mily:Arial;
color:black'>Grand Hyatt Hotel in </span></font><font size=3D2 color=3Dblack
  face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;color:blac=
k'>Singapore</span></font><font
size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-fa=
mily:Arial;
color:black'>.=A0 For more information on Asia Power 2005, please visit </s=
pan></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'><a
href=3D"http://www.terrapinn.com/2005/ap%5FSG/">http://www.terrapinn.com/20=
05/ap%5FSG/</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'>EVS21.</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=A0 21st=A0 Worldwide=A0 Ba=
ttery,=A0
Hybrid=A0 and=A0 Fuel=A0 Cell Electric Vehicle Symposium will take place in=
 </span></font><font
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Monaco</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> f=
rom </span></font><font size=3D2 face=3DArial><span style=3D'font-size:10.0=
pt;font-family:Arial'>April 2-6, 2005</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>.=
=A0 For
details, check out <a href=3D"http://www.evs21.org/">http://www.evs21.org</=
a>.=A0=A0 </span></font></p>

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

<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span lang=3DEN-GB
 style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Hannover</sp=
an></font></b><b><font
size=3D2 face=3DArial><span lang=3DEN-GB style=3D'font-size:10.0pt;font-fam=
ily:Arial;
font-weight:bold'> Fair '05.&nbsp;</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span lang=3DEN-GB style=
=3D'font-size:
10.0pt;font-family:Arial'>The International Hydrogen + Fuel Cells Group
Exhibit, Hannover Fair '05, will be held </span></font><font
 size=3D2 face=3DArial><span lang=3DEN-GB style=3D'font-size:10.0pt;font-fa=
mily:Arial'>April
 11-15, 2005</span></font><font size=3D2 face=3DArial><span lang=3DEN-GB
style=3D'font-size:10.0pt;font-family:Arial'>.=A0 </span></font><font size=
=3D2
face=3DArial><span lang=3DEN-GB style=3D'font-size:10.0pt;font-family:Arial=
'>More
information is available at: </span></font><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'><a href=3D"http://www.fair-pr.=
com/"><span
lang=3DEN-GB>http://www.fair-pr.com/</span></a></span></font><font size=3D2
face=3DArial><span lang=3DEN-GB style=3D'font-size:10.0pt;font-family:Arial=
'>
or&nbsp;by email </span></font><font size=3D2 face=3DArial><span style=3D'f=
ont-size:
10.0pt;font-family:Arial'><a href=3D"mailto:[email protected]"><span lang=3D=
EN-GB>[email protected]</span></a>.</span></font></p>

<p class=3DMsoNormal><span class=3Df1><b><font size=3D2 color=3D"#006699" f=
ace=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>&nbsp;</span>=
</font></b></span></p>

<p class=3DMsoNormal><span class=3Df1><b><font size=3D2 color=3Dblack face=
=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:windowtext;font-weight:bo=
ld'>SOFC-IX.</span></font></b></span></p>

<p class=3DMsoNormal><span class=3Df1><font size=3D2 color=3Dblack face=3DA=
rial><span
style=3D'font-size:10.0pt;font-family:Arial;color:windowtext'>The Ninth
International Symposium on Solid Oxide Fuel Cells will be held </span></fon=
t></span><span class=3Df1><font size=3D2 color=3Dblack face=3DArial><span s=
tyle=3D'font-size:10.0pt;
 font-family:Arial;color:windowtext'>May 15-20, 2005</span></font></span><s=
pan
class=3Df1><font size=3D2 color=3Dblack face=3DArial><span style=3D'font-si=
ze:10.0pt;
font-family:Arial;color:windowtext'>, at the Quebec City Convention Center =
in </span></font></span><span
  class=3Df1><font size=3D2 color=3Dblack face=3DArial><span style=3D'font-=
size:10.0pt;
  font-family:Arial;color:windowtext'>Quebec City</span></font></span><span
 class=3Df1><font size=3D2 color=3Dblack face=3DArial><span style=3D'font-s=
ize:10.0pt;
 font-family:Arial;color:windowtext'>, </span></font></span><span class=3Df=
1><font
  size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-=
family:Arial;
  color:windowtext'>Canada</span></font></span><span class=3Df1><font size=
=3D2
color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-family:Aria=
l;
color:windowtext'>.=A0 For conference details, please visit <a
href=3D"http://www.electrochem.org/">http://www.electrochem.org</a>.</span>=
</font></span></p>

<p class=3DMsoNormal><span class=3Df1><b><font size=3D2 color=3D"#006699" f=
ace=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>&nbsp;</span>=
</font></b></span></p>

<p class=3DMsoNormal><span class=3Df1><b><font size=3D2 color=3Dblack face=
=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial;color:windowtext;font-weight:=
bold'>Lucerne</span></font></b></span><span
class=3Df1><b><font size=3D2 color=3Dblack face=3DArial><span style=3D'font=
-size:10.0pt;
font-family:Arial;color:windowtext;font-weight:bold'> FUEL CELL FORUM </spa=
n></font></b></span><span
class=3Df1><b><font size=3D2 color=3Dblack face=3DArial><span style=3D'font=
-size:10.0pt;
font-family:Arial;color:windowtext;font-weight:bold'>2005.</span></font></b=
></span><b><font
face=3DArial><span style=3D'font-family:Arial;font-weight:bold'><br>
</span></font></b><span class=3Df5><font size=3D2 color=3Dblack face=3DAria=
l><span
style=3D'font-size:10.0pt;font-family:Arial'>Two International fuel cell co=
nferences,
Fuel Cells for a Sustainable World and the 3<sup>rd</sup> European Polymer
Electrolyte Fuel Cell Forum, will be held </span></font></span><span class=
=3Df5><font size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10=
.0pt;
 font-family:Arial'>July 4&#8211;8, 2005</span></font></span><span class=3D=
f5><font
size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-fa=
mily:Arial'>,
at the Kultur- und Kongresszentrum Luzern in </span></font></span><span
  class=3Df5><font size=3D2 color=3Dblack face=3DArial><span style=3D'font-=
size:10.0pt;
  font-family:Arial'>Lucerne</span></font></span><span class=3Df5><font siz=
e=3D2
 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-family:Ari=
al'>, </span></font></span><span
  class=3Df5><font size=3D2 color=3Dblack face=3DArial><span style=3D'font-=
size:10.0pt;
  font-family:Arial'>Switzerland</span></font></span><span class=3Df5><font
size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;font-fa=
mily:Arial'>.=A0
For registration information, please visit </span></font></span><font size=
=3D2
face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'><a
href=3D"http://www.efcf.com/">http://www.efcf.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;font-weight:bold'>&nbsp;</span></font></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'>26<sup>th</sup> Ris=F8 International
Symposium on Materials Science.</span></font></b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>The 26<sup>th</sup> Ris=F8 International Symposium on
Materials Science will be held </span></font><font
 size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>S=
eptember
 4-8, 2005</span></font><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial'>, at the Ris=F8 National Laboratory in </span></font><fo=
nt
  size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>=
Roskilde</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'>=
Denmark</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>.=
=A0 For
details, visit <a href=3D"http://www.risoe.dk/afm/symp26">http://www.risoe.=
dk/afm/symp26</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>

<p class=3DMsoNormal><strong><b><font size=3D2 face=3DArial><span style=3D'=
font-size:
10.0pt;font-family:Arial'>World Hydrogen Technologies Convention 2005.</spa=
n></font></b></strong></p>

<p class=3DMsoNormal style=3D'text-autospace:none'><strong><b><font size=3D3
face=3DArial><span style=3D'font-size:12.0pt;font-family:Arial;font-weight:=
normal'>The
</span></font></b></strong><strong><b><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:normal'>World Hydro=
gen
Technologies Convention 2005 will be held </span></font></b></strong><stron=
g><b> <font size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-fami=
ly:Arial;
 font-weight:normal'>October 3-6, 2005</span></font></b></strong><strong><b=
><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;fon=
t-weight:
normal'>, in </span></font></b></strong><strong><b><font size=3D2 face=3DAr=
ial><span
  style=3D'font-size:10.0pt;font-family:Arial;font-weight:normal'>Singapore=
</span></font></b></strong><strong><b><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;fon=
t-weight:
normal'>.=A0 For more information, please go to <a href=3D"http://www.whtc2=
005.com/">http://www.WHTC2005.com</a>.</span></font></b></strong></p>

<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span style=3D'font-siz=
e:10.0pt;
font-family:Arial;font-weight:bold'>&nbsp;</span></font></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'>2005 Fuel Cell Seminar.</span></font></=
b></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:1=
0.0pt;
font-family:Arial'>The 2005 Fuel Cell Seminar will take place </span></font=
><font size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Ar=
ial'>November 14-18,
 2005</span></font><font size=3D2 face=3DArial><span style=3D'font-size:10.=
0pt;
font-family:Arial'>, at the </span></font><font size=3D2 face=3DArial><span
  style=3D'font-size:10.0pt;font-family:Arial'>Palm Springs</span></font><f=
ont
 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'>=
Convention
  Center</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'>Palm Springs</span></font><f=
ont
 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'>=
California</span></font><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'>.=
=A0 For
registration or exhibitor information, go to <a
href=3D"http://www.fuelcellseminar.com/">http://www.fuelcellseminar.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>

<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><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'>&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'>Want more fuel cell news? Want to support Fuel Cells 200=
0?
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-deduct=
ible
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;&nbsp; <a href=3D"http://www.fuelcells.org/info/pubs.html">htt=
p://www.fuelcells.org/info/pubs.html</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><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=3D3 face=3D"Times New Roman"><span style=3D=
'font-size:
12.0pt'>&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>

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

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