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 Fuel Cell Technology Hires Christensen as Investor Relations Firm
Publication Date:28-February-2005
Source:Fuel Cell Technology (Canada)
KINGSTON, Ontario-- Fuel Cell Technologies Corporation (FCT) a leading developer and producer of Solid Oxide Fuel Cell (SOFC) systems today announced that it has retained Howard Christensen and Associates, Limited (Christensen) to serve as its investor relations agency.

Christensen is a capital market advisory firm with offices in New York, Phoenix, Hong Kong, Montreal and San Francisco. The company combines Investor Relations, Financial Public Relations and Capital Market intelligence to help global clients achieve and maintain fair valuation for their stock. Christensen has over twenty years of North American experience and owes its growing success worldwide to its unique ability to understand both the US and international capital markets, effectively bridge cultures and develop winning strategies for each individual client.

"We chose Christensen because of the depth and breadth of their investor relations expertise, and their strength in the energy sector," said Chris McFarlane, Chief Financial Officer. "FCT has a well-defined business strategy and needs a strong investor relations partner who can assist in communicating our value and growth opportunities to the financial community. Christensen has a long-standing record of partnering with management to optimize shareholder value. The appointment of Christensen emphasizes our strong commitment to deepen FCT's relationship with the investment community."

As an initial engagement, FCT has retained Christensen until January 31, 2006 on a retainer basis. Unless agreed otherwise by FCT, the cost of services during this initial period is anticipated to approximate US$6,500 monthly. Christensen will assist FCT by studying investors' perception of FCT, targeting potential investors and consulting on investor relations and corporate communications issues.

"FCT has had a number of exciting developments and we believe the time is right to bring the FCT story to a wider audience of investors", said Rene Vanguestaine, CEO of Christensen. "We are delighted to have the opportunity to work with this management group. They are driven to gain appropriate recognition for FCT through a proactive investor relations program and expansion of its communications effort."

Over the past decade, FCT has designed and built custom fuel cell power systems to the technically demanding requirements of world-renowned customers. Since 2000, FCT has brought that exacting quality of work to the development of stationary SOFCs. Fuel cell systems are the future of power generation because of their environmental benefits and high efficiency. Certain types of fuel cells can operate on a variety of fuels, including fossil fuels, renewable fuels such as methanol and ethanol, and hydrogen, facilitating a transition between fossil fuels and hydrogen. FCT's solid oxide fuel cells (SOFCs) are designed to operate on a variety of readily available fuels and provide a highly efficient, environmentally friendly method to produce on-site electricity and heat that can be used in a variety of remote, residential, commercial and industrial applications.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE..

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