| Continues
to Build Leadership in Hydrocarbon Fuel Cell Membrane Technology along
with Commercialization
MOUNTAIN VIEW, Calif.--PolyFuel,
the leader in engineered membranes for fuel cells, today announced that
Anthony Kucernak, PhD has been appointed to the company's Technical Advisory
Board, joining Dr. John Appleby and Dr. Robert Savinell. The board is focused
on developing technical insights about fuel cells, the role of the fuel
cell membranes and systems, and how PolyFuel can optimally contribute to
moving the industry forward.
"In order to serve our growing list
of customers, we have two key agendas as a company," said Jim Balcom, president
and CEO of PolyFuel. "Continuing to build the commercialization of our
membrane technology and increasing our technology leadership. We are privileged
to have Dr. Kucernak join our team to help contribute to those initiatives."
Dr. Appleby has over 30 years of
experience in fuel cells, has authored over 200 papers, four books and
was the editor of "The Fuel Cell Handbook, 4th Edition" (Van Nostrand Reinhold).
He is presently professor of Applied Electrochemistry at Texas A&M
University.
Dr. Savinell is Dean of Engineering
at Case Western University and George S. Dively Professor of Chemical Engineering.
Savinell has approximately 20 years of experience in fuel cells, including
the development of a novel membrane for stationary fuel cell applications.
Dr. Kucernak is currently head of
the Solid Polymer Electrolyte Fuel Cell Research Group and Reader in Physical
Chemistry in the Department of Chemistry at Imperial College London and
brings ten years of experience of studying fuel cells, particularly Direct
Methanol Fuel Cells (DMFC).
"PolyFuel is making important contributions
to the fuel cell industry," said Kucernak. "Many companies are already
benefiting from its breakthroughs and I am pleased to be able to take part."
In April 2005, PolyFuel announced
a third major advance in the company's leading edge membrane technology:
a "hot bondable" version of its hydrocarbon membrane for portable applications.
This greatly increases the manufacturing flexibility of the material and
allowed manufacturers to effectively "drop in" the more desirable membrane
into fabrication processes originally designed for older materials.
Moreover, over the past nine months
PolyFuel has grown its target customer list to seventeen of the world's
leading portable fuel cell system developers, eleven of which are major
consumer electronics manufacturers. Fifteen of the seventeen are testing
or have tested the PolyFuel membrane material. Of the fifteen, ten have
completed their evaluation testing and all ten have gone on to purchase
PolyFuel's membrane, said Balcom.
About PolyFuel
PolyFuel is a world leader in engineered
membranes that provide significantly improved performance in fuel cells
for portable electronic and automotive applications. The state of the art
of fuel cells is essentially that of the membrane, and PolyFuel's leading-edge,
hydrocarbon-based membranes enable a new generation of fuel cells that
for the first time can deliver on the long-awaited promise of clean, long-running,
and cost-effective portable power.
PolyFuel's unmatched capability to
rapidly translate the system-level requirements of fuel cell designers
and manufacturers into engineered polymer nano-architectures has led to
its introduction of best-in-class hydrocarbon membranes for both portable
direct methanol fuel cells and for automotive hydrogen fuel cells. Such
capability - based on PolyFuel's over 140 combined years of fuel cell experience,
world-class polymer nano-architects, and a fundamental patent position
covering more than 15 different inventions - also makes PolyFuel an essential
development partner and supplier to any company seeking to advance the
state of the art in fuel cells. Polymer electrolyte fuel cells built with
PolyFuel membranes can be smaller, lighter, longer-running, more efficient,
less expensive and more robust than those made with other membrane materials.
PolyFuel was spun out of SRI International
(formerly Stanford Research Institute) in 1999, after 14 years of applied
membrane research. The company is based in Mountain View, California, and
is publicly listed on the AIM stock exchange in London. Original investors
include Mayfield, Ventures West, CDP Capital - Private Equity, Technology
Partners, Intel Capital, Chrysalix Energy, Conduit Ventures, KTB Ventures,
Hotung Venture Partners, Yasuda Enterprise Development, and BiNEXT, a part
of the Daesung Group.

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