Tim Curtis, Non-Executive Chairman, will make the following statement:

`CMR experienced an encouraging start to the year; during the first quarter the Company demonstrated working direct methanol fuel cell systems capable of powering lap-top computers to our targeted potential customers in addition to major trade shows in Tokyo and Shanghai. This is in line with our strategy of seeking commercial traction in the established Asian markets. As well as permanent representation in Japan, we have active commercial programmes in Korea, Taiwan and China and trials are underway with a number of OEMs, including Samsung SDI of Korea.

The demonstrations of our fuel cell systems continue to be very well received, highlighting our proven abilities to not only design and develop direct methanol fuel cell stacks but also our potential to create complete fuel cell systems that are greatly assisting in attracting new joint venture partners. The Board is confident that the Company is strengthening its ability to exploit these systems commercially over the coming year.

I would like to reiterate that as we reported in our final results for the year ended 31 December 2007, CMR continues to be tightly managed and is operating well within its budget. The Board currently expects the Company's cash reserves of GBP8 million to be sufficient for planned operations until early 2010.'

The AGM will take place in Room CR15, Harston Mill, Harston, Cambridge, CB22 7GG.