"Hyundai's partnership with AC Transit represents the first time that a third-party has been involved in our fuel cell vehicle research, and it marks another milestone in our effort to bring this technology to commercialization," said Dr. Won Suk Cho, president, Hyundai America Technical Center, Inc., which is responsible for alternative fuel research in the United States. "Our vehicles will be operating in real-world working environments everyday proving the viability of this technology."

Hyundai, Chevron Corporation and UTC Power were awarded in April 2004 a U.S. Department of Energy grant to support research into hydrogen-powered fuel cell technology for automotive applications. The team officially began testing in February 2005 when Chevron opened its first-ever hydrogen energy station at the Hyundai America Technical Center (HATCI) in Chino, Calif. In addition to HATCI and AC Transit, fleets will also be placed at Southern California Edison (an energy utility company) and the U.S. Army facilities in Detroit to develop and implement a practical, business-based hydrogen energy infrastructure and associated technologies as a part of the five-year program.

AC Transit and its more than 2,300 employees are very proud to join with Hyundai, Chevron, and UTC Power in this extremely important demonstration. The use of Hyundai fuel cell vehicles by our staff to support our bus operations in densely populated urban areas will be an excellent operating environment to test the capability of zero-emission vehicles under rigorous conditions," remarked Rick Fernandez, General Manager of AC Transit.

Hyundai plans to place two additional Tucson FCEV with AC Transit in early 2006, and will round out the fleet with six Kia Sportage FCEV models in late 2006 and 2007. In addition, HATCI engineers will support and monitor the AC Transit fleet vehicles for the duration of the program.

About AC Transit
AC Transit is one of the largest transit agencies in California, serving over 64 million passengers a year throughout a 360-square mile region. For more than 45 years, AC Transit has been recognized as a national leader in the transit industry. AC Transit has captured the American Public Transit Association's "Best of the Best" Roadeo award five out of the past seven years. The Environmental and Energy Study Institute (EESI) of Washington, D.C. named AC Transit a "National Clean Bus Leader" for its advanced environmental technology initiatives. Additional information about AC Transit's environmental programs is available at www.actransit.org/environment.

About Hyundai America Technical Center, Inc.
Hyundai America Technical Center, Inc. is a wholly owned subsidiary of Hyundai Motor Company of Korea. It is responsible for the technical development of automobiles in North America, including governmental certification issues. Its headquarters are located in Ann Arbor, Mich., with two branch offices in the Los Angeles area.