CMF Cmr Fuel

    Embargoed Release: 07:00hrs Thursday 20th April 2006

                              CMR Fuel Cells plc                               

                           (`CMR' or the `Company')                            

                 Solvay Research and Development Collaboration                 

CMR is pleased to announce that it has entered into a non-exclusive joint
development collaboration with European chemicals major player, Solvay SA
(`Solvay'). As a result Solvay New Business Development division will work to
produce high performance porous membranes for use in CMR's unique high power
density 'compact mixed-reactant' fuel cell stacks. Solvay SA is an
International Pharmaceutical and Chemicals Group listed on the Euronext Stock
Exchange and has annual sales of over Euro8.6billion, employs 30,000 people in 50
countries and has spent in excess of Euro1.4billion on Research and Development in
the past two years.

The collaboration will work to develop porous electrolyte membranes that
eliminate the requirement for bulky, inactive components found in traditional
fuel cells such as flow field plates and other balance of plant components. The
use of porous membranes is a world first for the fuel cell industry and is
protected by CMR's core intellectual property. By developing stacks in this
way, CMR is seeking to exploit its patented 'mixed reactant flow-through'
architecture to mass produce fuel cells capable of delivering the high power
densities required to produce a commercially viable power delivery system with
the potential to replace traditional lithium ion batteries.

L�opold Demiddeleer, Director of Corporate R&D and New Business development,
Solvay SA, commented:

'At Solvay we recognise the commercial potential of CMR's unique fuel cell
architecture and look forward to working closely with the Company to accelerate
the delivery of an optimised fuel cell product to the electronics industry.'

John Halfpenny, CEO, CMR Fuel Cells plc, comments:

"We are delighted to extend our working relationship with Solvay. We anticipate
Solvay's combination of world-class resources and unrivalled experience will
significantly accelerate us towards our goal of delivering low cost, long
running fuel cells to the portable power industry"

CMR technology massively reduces the size of fuel cell stacks - leaving more
room for fuel and enabling dramatically longer run times in portable power
systems. Unlike conventional fuel cells which rely on the complete separation
of reactants, CMR's revolutionary design works by flowing a mix of air and fuel
through a porous stack that can make use of low-cost catalysts. This approach
eliminates up to 90% of the volume, and, as the reactants are mixed, the
membrane no longer needs to physically separate them so can be much thinner,
lighter and consequently cheaper.

                                     -End-                                     

Further Information

John Halfpenny             CMR Fuel Cells plc         01223 875 544            
                                                                               
CEO                                                                            
                                                                               
Andrew Tan                 Hansard Communications Ltd 020 7245 1100            
                                                                               
Account Director                                                               

About CMR Fuel Cells plc:

CMR Fuel Cells plc is a UK developer of fuel cell stacks for portable and small
stationary power generation applications. The Company plans to become a leading
supplier of fuel cell products, based on its simple but revolutionary patented
stack architecture which delivers longer run-time and lower costs than
conventional fuel cell stacks.

As documented at the time of the Company's flotation, CMR's unique architecture
can be applied in a range of fuel cell applications including portable
electronics, combined heat and power and automotive to deliver significant
improvements in power density performances using a range of chemistries.
However, it is the intention of the Board to initially commercialise the
Company's technology within the consumer electronics industry where there is
sustained and growing demand for smaller, cheaper, longer running power
solutions for portable electronics devices based on direct methanol fuel cells.
This demand is being driven by the increasing power requirements of portable
electronics devices which have outgrown incremental improvements in the
performances of traditional battery chemistries. As a result, consumer
frustration with short 'run times' is compelling the electronics industry to
develop and deploy suitable alternatives for power delivery. It is widely
accepted that direct methanol fuel cells represent an ideal solution to the
power requirements of portable devices and are also capable of eliminating the
need to recharge devices by having an interchangeable fuel cartridge system
equivalent of instant recharging.

In 2005 CMR were:

  * Winners of the 2005 Carbon Trust Overall Innovator of the year award
   
  * Winners of the 2005 Carbon Trust Individual and Small Businesses award
   
  * Selected as a Red Herring Top 100 Europe company - (previous Red Herring
    winners include Google and eBay)
   
  * Selected by Harvard Business School as one of 25 companies 'most likely to
    change our world by 2010'
   
  * Selected by the World Economic Forum as a Technology Pioneer for 2006
   


END

Cmr Fuel Cells (LSE:CMF)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Cmr Fuel Cells (LSE:CMF)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024