Stuart Energy Systems Corporation (TSX:HHO), a hydrogen infrastructure company, today announced that it has secured record year-to-date industrial orders valued in excess of $12 million from its global customers.

"During the first 4 and a half months, we exceeded our expected order intake for industrial sales. The increased demand is a result of strong market growth, coupled with continued adoption of our product offering," commented Robert Campbell, Vice President, Sales and Marketing. "With the bulk of these orders scheduled to ship this fiscal year, we remain committed to our aggressive target for revenue growth. Our year-end order backlog - an important metric as we look to fiscal 2006 revenue - continues to grow."

"The industrial market is strategically important as it supports our goal of commercial sustainability. It provides near-term and growing commercial revenues with margin contribution," stated Randall MacEwen, Vice President, Corporate Development. "By deploying the same core technology and products into each of our target markets, we can maintain disciplined R&D costs while creating greater operational efficiency. Our industrial market success, including our growing reference accounts, also serves as a strong competitive advantage in the emerging power and transportation markets. Our balanced approach of targeting the industrial and energy markets is paying off."

Stuart Energy recently revised its revenue guidance upward to a range of $27 million to $30 million in fiscal 2005, representing an approximate 51% to 68% organic increase over fiscal 2004 revenue.

About Stuart Energy

Stuart Energy Systems Corporation (TSX: HHO - News) is the world's leading developer and supplier of integrated hydrogen infrastructure solutions based on water electrolysis. Stuart Energy integrates its proprietary hydrogen generation technology with products from corporate partners to serve existing and emerging markets for industrial, distributed power generation and transportation applications. The Company's website address is http://www.stuartenergy.com.

This release includes forward-looking statements, which are based on certain assumptions and reflect management's current expectations as contemplated under the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify, develop and achieve commercial success for new products, services and technologies; the level of expenditures necessary to maintain or improve the quality of products and services; changes in technology; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; the uncertainties of the emerging hydrogen economy, including the hydrogen economy growing at a slower pace than is anticipated; our ability to secure and maintain strategic relationships; the availability of, and ability to retain, key personnel; and the failure of the Company to effectively integrate acquisitions. Additional factors are discussed in our materials filed with the securities regulatory authorities from time to time. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.