Fuel Cell Company Receives Distinction

Metallic Power, a developer of zinc regenerative fuel cells, has been named one of the top five most promising companies by approximately 200 investors who attended Energy Venture Fair III, a capital funding and energy investor conference…

Carlsbad, California – October 22, 2002 [SolarAccess.com] Metallic Power, a developer of zinc regenerative fuel cells, has been named one of the top five most promising companies by approximately 200 investors who attended Energy Venture Fair III, a capital funding and energy investor conference. “We are very pleased to have been chosen as one of the top five most promising companies at this prestigious investors’ conference,” said Jeffrey Colborn, CEO of Metallic Power. “The years of investment and hard work are now beginning to pay off as we move from the development-stage to commercialization,” said Colborn. “Although fuel cells are perceived as expensive technologies, our regenerative fuel cells offer immediate economic benefits. Automatic refueling and silent, environmental-friendly operation are additional advantages of our fuel cell systems.” As one of the participants at Energy Venture, Metallic Power discussed its zinc cell technology, progress toward commercialization and plans for future innovation. The company also displayed a prototype fuel cell system during the exhibits similar to what it will begin shipping later this month. Organized by Infocast, Energy Venture Fair III, held in Chicago October 7 through 9, brought together 75 established and start-up energy-focused companies seeking capital. These companies spanned a wide range of energy-industry participation, including distributed power generation, hydrogen and other fuel cells, remote monitoring, wind generation, energy management and system optimization, transmission, and other technologies. Participating investors included Altira, Credit Suisse First Boston, EnerTech Capital, FA Technology Ventures, Hamilton Robinson LLC, Haddington Ventures, Nth Power, Prospect Street Ventures and Technology Partners. Sponsors claim it is the leading event of its kind in the energy industry. Metallic Power Inc., founded in 1995 and based in Carlsbad, near San Diego, develops zinc regenerative fuel cell-based products. These power sources use recyclable zinc fuel to provide a cost-effective substitute for lead-acid batteries and a quiet, emission-free alternative to internal combustion engines, according to the Company.

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