MoU signed with Asian ODM'
09 Junio 2008 - 1:00AM
UK Regulatory
Embargoed Release: 07:00hrs Monday 9 June 2008
CMR Fuel Cells plc
('CMR' or the `Company')
`CMR Fuel Cells signs MoU with Asian ODM'
CMR Fuel Cells, the specialist developer of high power density fuel cell stacks
and systems for portable electronics applications, is pleased to announce that
it has signed a Memorandum of Understanding with a leading Asian Original
Design Manufacturer (ODM) agreeing to co-develop a fuel cell charger system for
notebook computers. Under the terms of the agreement, the companies will
collaborate in the design and development of a stand-alone, hybrid Direct
Methanol Fuel Cell (`DMFC') charger intended for consumer use.
CMR is a long-term member of Intel's Extended Battery Life Working Group
(EBLWG) which focusses on realising the `power usage holy grail' of an eight
hour working day away from mains electricity. In addition, CMR's
DMFC demonstrator system was the only one shown powering a notebook at the
world's premier fuel cell exhibition FC Expo in Tokyo earlier this year as well
as at the Intel Developer's Forum in Shanghai more recently.
-Ends-
Further Information
John Halfpenny CMR Fuel Cells plc 01223 875 544
CEO
Vikki Krause Hansard Group 020 7245 1100
www.hansardgroup.co.uk
Michael Ansell Investec Investment 020 7597 5970
Banking
About CMR Fuel Cells plc
CMR Fuel Cells plc is a high growth, UK AIM-listed developer of fuel cell
`stacks' and systems for portable and small stationary power generation
applications. The Company is targeting the consumer electronics industry where
there is growing demand for new power solutions which are smaller and longer
running than today's Lithium batteries.
This demand is being driven by the increasing power requirements of portable
electronics devices which have outgrown incremental improvements in the
performances of traditional batteries. As a result, consumer frustration with
short 'run-time', `return to mains' recharging and questionable battery safety
is compelling the electronics industry to develop and deploy suitable
alternatives for power delivery.
Direct Methanol Fuel Cell (`DMFC') power systems can deliver longer electrical
equipment run-times than conventional batteries as well as delivering other
superior performance features such as `instant recharge anywhere', which are
ideally suited for modern feature rich, `always on, always connected' wireless
devices.
In 2006, an estimated 1 billion Li-Ion battery packs were sold world-wide to
power portable consumer electronic devices. This number is expected to rise to
an estimated 1.9 billion by the end of 2008.
CMR is developing DMFC stacks and systems in the range of 5 Watts to 50 Watts
of electrical power. These are suitable for applications ranging from media
players and games consoles through to laptop computers and remote monitoring
devices. Prototypes powering representative demonstration systems have been
shown to potential customers around the world.
CMR is based in Cambridge, United Kingdom and is listed on the London Stock
Exchange, AIM market as CMF.L
END
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