About Protonex Technology Corporation
Protonex is a leading provider of advanced fuel cell power solutions for portable, remote and mobile applications in the ten to 1,000-watt range.  Based on patented proton exchange membrane (PEM) and solid oxide fuel cell (SOFC) technology, these power systems are among the industry’s smallest, lightest and highest performing fuel cell systems for portable power applications.   Protonex has developed several products designed for end-users in military and commercial markets that are currently underserved by batteries and small generators. Products are also being developed for OEM customers looking to integrate high-performance fuel cell power into their applications.

Founded in 2000, the Company completed an initial public offering on the Alternative Investment Market (AIM) of the London Stock Exchange in July 2006, and a secondary offering in April 2007, raising $16.2 million and $27.7 million, respectively.  To date, the Company has received over $28 million in cumulative contracts with the US military and government agencies, and has established formal strategic partnerships with Parker Hannifin, Northrop Grumman, Cummins and Raytheon.

In April 2007, Protonex acquired Mesoscopic Devices, an industry leader in SOFC technology, fuel reforming, and desulfurization systems.  The Company is building on the technical and market synergies that exist between the two businesses to considerably strengthen its position as a leader in the portable fuel cell industry.  Headquartered near Boston, Massachusetts, with a development facility near Denver, Colorado, Protonex now employs over 80 scientists, engineers and professional staff.

Protonex is well positioned to deliver high-performance, low-cost fuel cell products to military and commercial customers.  With a wide range of technical expertise and an expanding intellectual property portfolio that covers PEM, SOFC and fuel reformering technology, the Company is also able to offer a variety of fueling options, including hydrogen, chemical hydride, methanol and propane.

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