BP Shipping will use the system on board one of its liquid natural gas (LNG) tankers to demonstrate the use of SOFCs to power auxiliary shipboard applications. The SOFC system will be fueled by the LNG “boil-off” to generate electricity more efficiently than the traditional steam boilers currently employed on board the tanker.

“The sale to BP Shipping is an example of how Siemens and FCT are working together to bring SOFC systems to the market and illustrates the benefits of FCT’s sales distribution relationship with Siemens,” said John Stannard, FCT’s President and CEO. “Siemens’ network extends FCT’s reach, and we look forward to further developing this relationship to achieve more sales in Europe as our product becomes readily available.”

Siemens and FCT continue to cooperate in the technology development for these 5kW SOFC systems as part of a Memorandum of Understanding signed in November 2004.

Over the past decade, FCT has designed and built custom fuel cell power systems. Fuel cell systems are the future of power generation because of their environmental benefits and high efficiency. FCT's SOFC systems 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, commercial, industrial and residential applications. In 2005 FCT commenced production of its 5 kW SOFC systems and is now delivering systems to customers around the world.

For further information please contact:
Vikram Varma
Director, Corporate Development
Tel: (613)-541-6109
Fax: (613)-544-2649
Email: investor.relations@fct.ca