FuelCellsWorks

Berlin, Germany–Heliocentris Fuel Cells AG, a leading fuel cell system integrator, has successfully completed its subscription rights issue and a subsequent private placement issuing 800,000 shares at EUR 5.00 per share. The company is especially proud of having won, in addition to existing shareholders, Conduit Ventures, London as a new major shareholder. Conduit with shareholders such as Shell, Mitsubishi and Solvay is a venture capital company with a special focus on energy storage, fuel cell and supporting low carbon technologies.

The company raised gross proceeds of EUR 4.0 million. Its share capital will increase from EUR 2.25 million to EUR 3.05 million divided up into 3.05 million shares at a par value of EUR 1 per share.

M.M.Warburg & CO, Hamburg, and the London investment house Innovator Capital Limited, which specializes in clean technologies, have managed the transaction.

According to Dr. Colell, CEO of Heliocentris Fuel Cells AG, ‘We are very happy and grateful for the continued confidence shown in Heliocentris by our existing shareholders and welcome Conduit Ventures, one of the most knowledgeable investors in our field, as a strategic shareholder. The capital raised will allow us to maintain our growth strategy, particularly the continuing internationalization of our core business and the entry into industrial market segments through the development and launch of new hydrogen and fuel cell systems’.

Please contact us for further information:

Heliocentris Fuel Cells AG Dr. András Gosztonyi (CFO) Tel.: +49-(0)30-6392-6185 E-Mail: investorrelations(at)heliocentris.com

About Heliocentris Fuel Cells AG Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris’ eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters that transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market. Further information can be found at www.heliocentris.com

Fuel cell technology company, PolyFuel Inc (AIM: PYF) announced that it had secured US$2.5 million in development funding from the US Department of Energy. The funding will be supplied over a three year period, and will be used to develop a demonstration prototype of a portable fuel cell power supply for a notebook PC. PolyFuel’s technology is based on a direct methanol fuel cell that uses a novel membrane and membrane electrode assembly.

“The objective of the new program is to advance the technology further to meet the goals for performance, durability, and cost that the DOE has established for widescale commercial adoption of DMFC technology for use in laptops and other portable electronics devices,” the company said. “Specifically, PolyFuel proposes to further integrate and miniaturize the components and subsystems to increase the power density and energy density of the overall DMFC system.”

PolyFuel president and CEO Jim Balcom said the company was “delighted” with the continued support of the US Department of Energy.

Ceramic Fuel Cells Limited (AIM / ASX: CFU) is pleased to announce the result of its Rights Issue made to qualifying participants within Australia and New Zealand and its Overseas Offer made to
qualifying participants outside of Australia and New Zealand and certain other territories.

Approximately 88% of the Rights Issue Shares were subscribed for by shareholders. The Company will issue 176,179,873 fully paid ordinary shares at the issue price of 5 cents to raise an additional A$8.8 million (£4.3 million).

Approximately 95% of the Overseas Offer Shares were subscribed for by shareholders. The Company will issue 99,906,445 fully paid ordinary shares at the issue price of 2.2p to raise an additional £2.2 million (A$4.6 million).

The total amount raised under the Rights Issue and Overseas Offer is A$13.4 million (£6.5 million).

These funds are in addition to A$20.1 million (£9.0 million) raised under the recently completed placing to institutional investors and subscription by certain cornerstone investors.

Applications have been made for the Rights Issue Shares and Overseas Offer Shares to be admitted to trading on ASX and AIM and it is expected that dealings on ASX and AIM will commence on or around 21 April 2009.

On admission, the Company will have 1,029,878,680 ordinary shares on issue.

Performance and Reliability than Expected in Revenue Service

WASHINGTON–Fuel cell buses have operated successfully in public transit fleets around the world, according to a new report written for the Federal Transit Administration (FTA) by the Breakthrough Technologies Institute (BTI) and the Center for Transportation and the Environment (CTE).

The report examined hydrogen bus demonstrations in 19 cities in North America, Europe, Asia and Australia. Among other things, the report found that the vast majority of buses performed better than expected and were very popular among passengers. The buses also were popular with drivers, many of whom reported being less tired at the end of their shifts, primarily because fuel cell buses make significantly less noise than their internal combustion counterparts.

“Fuel cell buses were more reliable, better performing, and easier to integrate into public transportation fleets than many had expected,” said William Vincent, a lead author of the report. “With additional research and development, they hold real promise to reduce pollution, greenhouse gas emissions, and petroleum dependence in public transportation fleets.”

The fuel cell buses typically were operated daily in 16-hour duty cycles. Collectively, they covered more than 1.6 million miles and served more than seven million passengers. The fuel cells were much more reliable than many transit agencies had expected and the operating life was increased significantly over previous generations of fuel cell technology. For example, fuel cells in the European demonstrations averaged over 3,000 hours operating life, with a maximum of 5,000 hours. Moreover, the hydrogen fueling stations proved to be very safe. The buses were refueled more than 11,000 times without any major incident.

Based upon this success, most transit agencies that demonstrated fuel cell buses are eager to deploy larger fleets in the future. In fact, AC Transit in California recently purchased four additional fuel cell buses and BC Transit in British Columbia purchased a fleet of 20 fuel cell buses. Many transit agencies also called for enhanced government support for fuel cell buses, thus enabling more buses to be deployed in a shorter timeframe.

The report, “A Report on Worldwide Hydrogen Bus Demonstrations, 2002-2007,” can be downloaded free from the FTA’s website: http://www.fta.dot.gov/documents/ReportOnWorldwideHydrogenBusDemonstrations_2002to2007.pdf.

Ludwigshafen–BASF Fuel Cell GmbH presents new products for fuel cells and reformers on Hanover Fair 2009. A team of experts is available for visitors in hall 13, booth E 54/2, and informs about the latest developments.

With the Celtec® product line, BASF is the technology leader for high temperature membrane electrode assemblies (MEA), enabling competitive and reliable fuel cell systems. In Hanover, the Celtec-P2100 MEA will be introduced. The new product was developed in 2008 and offers improved long term stability: a key requirement of stationary heat and power systems.

Additionally, BASF presents the Selectra® catalysts product line. Under the brand name Selectra®-E, precious metal catalysts for fuel cell electrodes are developed and commercialized. A recent development is the new Selectra®-E-CRC series: high performance catalysts for fuel cells combining high activity with excellent long term stability.

Fuel Cells can be seen as small chemical enterprises where hydrogen and oxygen react in a controlled manner to efficiently generate electrical power and heat.

About BASF Fuel Cell GmbH

BASF Fuel Cell GmbH is a supplier of materials for fuel cells and reformers. The company is a leading supplier for high temperature membrane electrode assemblies, developed and commercialized in the Celtec® product line. Additionally, a broad variety of catalysts for fuel cells and reformers is covered by the product line Selectra®. BASF Fuel Cell continues the fuel cell activities of BASF, Engelhard and PEMEAS. For further information go to www.basf-fuelcell.com

About BASF

BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics and performance products to agricultural products, fine chemicals and oil and gas. As a reliable partner BASF helps its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of more than €62 billion in 2008 and had approximately 97,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.