Protonex Awarded $2.0 M to Further Develop SOFC Power Systems

(Southborough, MA., September 22, 2009) -- Protonex Technology Corporation (LSE: AIM: PTX and PTXU), a leading provider of advanced fuel cell power systems today announced that it has received a $2.0 million contract award from the U.S. Army to build, test and deliver solid oxide fuel cell (SOFC) power systems. This program will focus on advancing the robustness of Protonex' SOFC power systems operating on high performance liquid fuels.

This 12-month contract builds upon a prior program with the U.S. Army and will focus on system integration and testing in order to develop a fully integrated liquid fuel generator system. At the conclusion of the program, Protonex is expected to deliver multiple liquid-fuelled SOFC power systems to the Army for further testing and evaluation.


There is growing military and commercial interest in the use of common liquid fuels, including alternative or renewable fuels to reduce dependence on foreign oil. Solid oxide fuel cells, with their low emissions and high efficiency, are well-suited to generate electricity from these high-energy-density fuel sources. Fuel flexible generators capable of operating on both traditional and alternative liquid fuels can provide highly efficient electricity generation from both today's transportation fuels and the biofuels of tomorrow.

Development of these small SOFC systems will provide the military with lightweight, extremely quiet and fuel efficient power systems that can be used as auxiliary power units (APUs), portable generators or field battery chargers. With further anticipated improvements, Protonex' portable SOFC systems could save more than 60% of the weight of existing power solutions and when used to power equipment directly, the fuel cell systems offer potential savings of more than 80% of the weight burden of primary batteries.

"We are pleased to have received this significant award from the U.S. Army," stated Dr. Jerry Martin, Vice President of SOFC Development for Protonex. "This additional program further validates the growing interest by the U.S. military to identify new power solutions for soldiers and vehicles. This program will allow us to accelerate the conversion of our SOFC systems to liquid fuels and further advance our leading-edge SOFC platforms for military and commercial markets."

Source : Protonex Technology Corp.