Berlin, Germany - 18 April 2008. Heliocentris Fuel Cells AG, a leading system integrator for fuel cells, and Ballard Power Systems, a leader in the development, manufacture and sale of hydrogen fuel cells, signed a sales agreement today regarding Ballard's Mark1020 ACS(TM) fuel cell product. This extends the successful cooperation between the companies, which has been ongoing since 2004 and strengthens Heliocentris' positioning as system integrator for fuel cells. Within the framework of the agreement, which is valid until the end of 2010, Heliocentris commits to the purchase of at least 350 Mark1020 ACS(TM) fuel cell units. These will be integrated into fuel cell systems, which means increased added value by Heliocentris and expansion of the technological positioning of Heliocentris as system integrator for fuel cells. On the basis of the Mark1020 ACS(TM), Heliocentris will offer two system platforms with different power levels. At the Hanover Fair (21 to 25 April 2008), Heliocentris will showcase its first system prototypes. These systems are scheduled to be available for delivery as of the fourth quarter of 2008. In addition to universities and research institutes, the target group also includes industrial companies, especially for uses such as autonomous power supplies and battery chargers. The cooperation between Heliocentris and Ballard has been based up to now primarily on the Nexa® power module, sold by Heliocentris in the hundreds of units, integrated into numerous applications. Dr. Henrik Colell, CEO of Heliocentris Fuel Cells AG commented, "We are pleased about the expansion of the successful cooperation with Ballard Power Systems and consider the integration of Mark1020 ACS(TM) fuel cell products an optimal expansion of our system platform strategy. As a result, we can meet customer requirements for system integration even better. " William Foulds, Vice President of Sales at Ballard added, "Heliocentris' competence and experience in system integration, combined with its unique worldwide positioning in the post-secondary education market, will support us in terms of our presence in new, interesting fuel cell markets and in achieving a high degree of awareness amongst top-class researchers and engineers." Please contact us for further information: Heliocentris Fuel Cells AG Dr András Gosztonyi (CFO) Tel.: +49-(0)30-6392-6185 E-mail: firstname.lastname@example.org 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 which 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. Disclaimer This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country. http://www.heliocentris.com Copyright © Hugin AS 2008. All rights reserved.
Copyright (c) 2007 Dow Jones & Company, Inc.