Proton Energy Systems Announces Multi-Kilowatt Capacity UNIGEN(R) Regenerative Fuel Cell Continuous Power System For Telecommunications Applications

Apr 23, 2001, 01:00 ET from Proton Energy Systems, Inc.

    HANNOVER, Germany, April 23 /PRNewswire Interactive News Release/ --
 Proton Energy Systems, Inc. (Nasdaq: PRTN), a leader in practical applications
 of Proton Exchange Membrane (PEM) electrochemical technology, announced today
 at the Hannover Trade Fair in Hannover, Germany its construction of a multi-
 kilowatt power capacity UNIGEN(R) regenerative fuel cell system capable of
 storing up to 70 kilowatt-hours (kWh) of electricity onboard in the form of
 compressed hydrogen.  This system, a prototype of systems that Proton is
 designing to be employed in the telecommunications field, offers significant
 advantages over the current technologies used for backup of digital devices;
 primarily lead-acid batteries and diesel generator systems.
     Proton's system is the largest of the UNIGEN regenerative fuel cell (RFC)
 systems built to date.  It follows on Proton's technical achievements with the
 proof-of-concept and demonstration UNIGEN RFC systems built for the Electric
 Power Research Institute (EPRI) and for NASA.
     Proton's prototype UNIGEN RFC continuous power system is designed with the
 capability to deliver up to 70 kWh of electricity by utilizing hydrogen
 produced within the system and stored onboard.  This capacity is roughly
 equivalent to the energy delivery capacity of 70 lead acid batteries of the
 type often used today for telecom backup.  In contrast to the large number of
 batteries it would take to duplicate the energy capacity, the UNIGEN RFC is
 expected to be smaller and lighter, require less maintenance, and provide
 lower life cycle cost.  Additionally, the amount of energy stored can be
 increased inexpensively versus the cost of additional batteries.  As compared
 to a diesel generator, the UNIGEN system creates little noise and vibration,
 operates without fuel deliveries, and is pollution-free.
     Commenting on the announcement, Trent Molter, Proton Energy Systems' Vice
 President of Engineering and Technology, remarked "Proton's UNIGEN system is
 designed to provide customers with the short term power response
 characteristics they've been accustomed to with battery systems and enhanced
 ride-through capability currently provided by diesel generator systems."
     Walter (Chip) Schroeder, Proton Energy Systems' President and Chief
 Executive Officer, stated, "Proton Energy Systems is a leader in practical
 applications of Proton Exchange Membrane (PEM) technology.  Regenerative fuel
 cell systems are the logical next step in our product development path,
 because they build upon our strengths in PEM hydrogen generators.  Electricity
 is perhaps the most important commodity in our daily lives.  But the search is
 on for a cleaner, more reliable way to store electricity.   Proton's
 regenerative fuel cell products will enable a flexible, reliable way to store
 electricity to meet end-user needs for improved power quality."
     Proton is currently working with members of the telecommunications
 industry to arrange field demonstrations of the UNIGEN telecom continuous
 power system.  In the future, larger sizes of Proton's UNIGEN continuous power
 systems could serve as a key element in renewable energy storage systems
 serving distributed energy needs.
     To receive additional information on Proton Energy Systems, Inc. at no
 charge, dial 1-800-PRO-INFO and enter code PRTN.
     This press release contains forward-looking statements for purposes of the
 safe harbor provisions under The Private Securities Litigation Reform Act of
 1995. Statements contained herein that are not statements of historical fact
 may be deemed to be forward-looking information. Without limiting the
 foregoing, words such as "anticipates," "believes," "could," "estimate,"
 "expect," "intend," "may," "might," "should," "will," and "would" and other
 forms of these words or similar words are intended to identify forward-looking
 information.  Proton's actual results may differ materially from those
 indicated by these forward-looking statements as a result of various important
 factors.  Proton disclaims any obligation to update these forward-looking
 statements.  Factors that could cause results to differ materially from those
 contained in Proton's forward-looking statements include, but are not limited
 to, our failure to complete development of our products, failure of our
 products to achieve commercial acceptance, our inability to expand our
 production facilities, manufacture our products at commercially acceptable
 costs or establish distribution relationships, the impact of competitive
 products and other factors detailed in our Form 10-K for the year ended
 December 31, 2000 and other filings made from time to time with the SEC.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X56861237
 
 

SOURCE Proton Energy Systems, Inc.
    HANNOVER, Germany, April 23 /PRNewswire Interactive News Release/ --
 Proton Energy Systems, Inc. (Nasdaq: PRTN), a leader in practical applications
 of Proton Exchange Membrane (PEM) electrochemical technology, announced today
 at the Hannover Trade Fair in Hannover, Germany its construction of a multi-
 kilowatt power capacity UNIGEN(R) regenerative fuel cell system capable of
 storing up to 70 kilowatt-hours (kWh) of electricity onboard in the form of
 compressed hydrogen.  This system, a prototype of systems that Proton is
 designing to be employed in the telecommunications field, offers significant
 advantages over the current technologies used for backup of digital devices;
 primarily lead-acid batteries and diesel generator systems.
     Proton's system is the largest of the UNIGEN regenerative fuel cell (RFC)
 systems built to date.  It follows on Proton's technical achievements with the
 proof-of-concept and demonstration UNIGEN RFC systems built for the Electric
 Power Research Institute (EPRI) and for NASA.
     Proton's prototype UNIGEN RFC continuous power system is designed with the
 capability to deliver up to 70 kWh of electricity by utilizing hydrogen
 produced within the system and stored onboard.  This capacity is roughly
 equivalent to the energy delivery capacity of 70 lead acid batteries of the
 type often used today for telecom backup.  In contrast to the large number of
 batteries it would take to duplicate the energy capacity, the UNIGEN RFC is
 expected to be smaller and lighter, require less maintenance, and provide
 lower life cycle cost.  Additionally, the amount of energy stored can be
 increased inexpensively versus the cost of additional batteries.  As compared
 to a diesel generator, the UNIGEN system creates little noise and vibration,
 operates without fuel deliveries, and is pollution-free.
     Commenting on the announcement, Trent Molter, Proton Energy Systems' Vice
 President of Engineering and Technology, remarked "Proton's UNIGEN system is
 designed to provide customers with the short term power response
 characteristics they've been accustomed to with battery systems and enhanced
 ride-through capability currently provided by diesel generator systems."
     Walter (Chip) Schroeder, Proton Energy Systems' President and Chief
 Executive Officer, stated, "Proton Energy Systems is a leader in practical
 applications of Proton Exchange Membrane (PEM) technology.  Regenerative fuel
 cell systems are the logical next step in our product development path,
 because they build upon our strengths in PEM hydrogen generators.  Electricity
 is perhaps the most important commodity in our daily lives.  But the search is
 on for a cleaner, more reliable way to store electricity.   Proton's
 regenerative fuel cell products will enable a flexible, reliable way to store
 electricity to meet end-user needs for improved power quality."
     Proton is currently working with members of the telecommunications
 industry to arrange field demonstrations of the UNIGEN telecom continuous
 power system.  In the future, larger sizes of Proton's UNIGEN continuous power
 systems could serve as a key element in renewable energy storage systems
 serving distributed energy needs.
     To receive additional information on Proton Energy Systems, Inc. at no
 charge, dial 1-800-PRO-INFO and enter code PRTN.
     This press release contains forward-looking statements for purposes of the
 safe harbor provisions under The Private Securities Litigation Reform Act of
 1995. Statements contained herein that are not statements of historical fact
 may be deemed to be forward-looking information. Without limiting the
 foregoing, words such as "anticipates," "believes," "could," "estimate,"
 "expect," "intend," "may," "might," "should," "will," and "would" and other
 forms of these words or similar words are intended to identify forward-looking
 information.  Proton's actual results may differ materially from those
 indicated by these forward-looking statements as a result of various important
 factors.  Proton disclaims any obligation to update these forward-looking
 statements.  Factors that could cause results to differ materially from those
 contained in Proton's forward-looking statements include, but are not limited
 to, our failure to complete development of our products, failure of our
 products to achieve commercial acceptance, our inability to expand our
 production facilities, manufacture our products at commercially acceptable
 costs or establish distribution relationships, the impact of competitive
 products and other factors detailed in our Form 10-K for the year ended
 December 31, 2000 and other filings made from time to time with the SEC.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X56861237
 
 SOURCE  Proton Energy Systems, Inc.