Revenue increased to $82,725 for the nine months ended 2005 from $17,076 for the same period of 2004.

For the period ended September 30, 2005, expenses totalled $2,489,829, compared with $2,305,287 for the same period of 2004. As a result of the recent acquisition the financial data includes the consolidated performance of the wholly owned Czech subsidiary, Astris s.r.o., for the first time.

Astris reported a net loss for the nine months ended September 30, 2005, of $2,407,104, which compares to a net loss of $2,288,211 for the same period of 2004. This represents a loss of $0.084 per share (basic and diluted) compared with $0.11 during the same period of 2004.

Highlights in the period ended September 30, 2005 include:

--  Gary G. Brandt, fuel cell industry veteran and former CFO of
    Hydrogenics Corporation joined the Astris Board
    
--  Astris s.r.o. received the largest fuel cell grant from the Ministry
    of Industry and Trade of the Czech Republic for approx. $0.4 million
    
--  Astris secured a $0.2 million order for its fuel cells, test
    equipment, an E8 generator and engineering services fees to Electronic
    Machining s.r.l.
    
--  Astris received approx. $0.3 million in cash from federal and
    provincial scientific research and experimental development claims
    

"We are focused on making the transition from R&D to sales," said Jiri K. Nor, Astris' President and CEO. "Astris is currently completing its systems for delivery to prospective strategic partners and potential recurring customers."

About Astris Energi Inc.

Astris is a late-stage development company committed to becoming the leading provider of affordable fuel cells and fuel cell generators internationally. Astris is commencing pilot production of its POWERSTACK™ MC250 technology in 2005. Astris is the only publicly traded company in North America focused exclusively on the, economically more favourable, alkaline fuel cell. Additional information is also available at the company's website at www.astris.ca.