Vancouver, BC – February 24th, 2005 – Cellex Power™ announces the successful completion of its consortium led demonstration field trials at Canadian retailer London Drugs as part of a $2M (CDN) contribution from Sustainable Development Technology Canada (SDTC) that was announced on April 2nd, 2004.

The project included the development and demonstration of Cellex’s initial zero emission, 24 volt, fuel cell power solution designed to replace industrial lead acid batteries and internal combustion engines used to power fork-lift trucks that operate in large distribution centres around the world. The demonstration involved four of Cellex’s Alpha units that powered rider pallet trucks and included on-site hydrogen fueling supported by BOC.

Off-road vehicles, including fork-lifts, contribute nearly 13% of global total of transportation-related green house gases emissions.

Mr. Chris Reid, Cellex’s President and CEO commented, “During the demonstrations Cellex’s products ran longer than batteries; refueled much quicker than swapping a battery; and the trucks powered by our products were able to run at a consistent maximum power. Our fuel cell products will eventually replace the battery room and the handling of lead and acid in the workplace.” Reid added “Receiving support from SDTC is appreciated and important for the success of the hydrogen fuel cell industry. These demonstrations help advance industry codes and standards relating to the use of hydrogen and lead the way for other businesses and industries involved in the hydrogen economy.”

“Our strategic goal is to support companies such as Cellex accelerate development and demonstration of their groundbreaking clean technologies to reach market success” said Vicky J. Sharpe, SDTC’s President and CEO. “We also see the investment in hydrogen-powered industrial vehicles as the pathway to affordable clean power for all types of vehicles.”
 

About Cellex
Cellex Power Products, Inc. is a Vancouver; B.C. based Canadian company focused on the development and commercialization of fuel cell power solutions for industrial vehicles. Since 1998, Cellex has led the development of these power solutions and is committed to building products that deliver value to customers.

This project includes SDTC’s contribution of $2M leveraged by $7M from a consortium led by Cellex. Project consortia members include fork-lift dealer, Arpac Storage Systems Corporation and Fuel Cells Canada™.

About BOC
BOC is a member of The BOC Group (NYSE:BOX), the worldwide industrial gases, vacuum technologies and distribution services company, serves two million customers in more than 50 countries. It employs 43,000 people and had annual sales of over $8.3 billion in 2004.

BOC has a solid track record of bringing hydrogen production and supply solutions to its customers. BOC is member of the board of directors of Fuel Cells Canada and the U.S. National Hydrogen Association and a member of the steering team for Canada’s Hydrogen Highway™ project. The company is contributing funding, design and construction expertise for two fueling stations along the highway, one located in Surrey, British Columbia, the other in Vancouver.

About SDTC
SDTC is a foundation created by the Government of Canada that operates a $550 million fund to support the development and demonstration of clean technologies that address issues of climate change, clean air water and soil quality. These solutions deliver environmental, economic and health benefits to Canadians. An arm’s length, not-for-profit corporation, SDTC works with private, financial, academic and public sectors and with the Government of Canada to build a sustainable development technology infrastructure in Canada.

For more information contact:
Blair Lill, Marketing Manager, Cellex Power Products, Inc.
Phone: 604.248.3552; blill@cellexpower.com; http://www.cellexpower.com

Kristina Schurr, Corporate Relations, The BOC Group
Phone: 908.771.1510; kristina.schurr@boc.com; http://www.boc.com

Andrée Mongeon, Communications Director, SDTC
Phone: 613.234.6312 Ext. 224; a.mongeon@sdtc.ca; http://www.sdtc.ca