February 6, 2006

Fuel Cell Technologies signs $1M supply agreement with Siemens

KINGSTON, ONT-Fuel Cell Technologies (FCT) has signed an agreement to supply Siemens Power Generation an Alpha 5kW design data package and five 5kW balance of plants (BOPs). The deal is worth a total of approximately $1 million (U.S.). The BOP is the part of the fuel cell system that allows the fuel cell to provide heat and electricity in a reliable manner. It incorporates FCT's proprietary control systems, which are key to the operation of the fuel cell. The BOP developed and refined by FCT over the past 15 years is particularly well suited to small-scale solid oxide fuel cell (SOFC) systems. Under the terms of the agreement, FCT will provide Siemens the design of its Alpha system on a non-exclusive basis, allowing Siemens to use the system for internal test purposes. Siemens plans to monitor, control and operate SOFC systems at a limited number of its own clients' sites for the purpose of validating generator design concepts and assessing alternate fuel capabilities of smaller-scale SOFC systems. "The Alpha balance of plant has proved that it is well suited to testing solid oxide cell stacks for long periods and we are now exploring the possibility of marketing the system as a test stand to third parties," said FCT president and CEO John Stannard. More information is available from Vikram Varma, FCT's director of corporate development, 613/541-6109, FAX 613/544-2649, E-mail Vvarma@fct.ca.

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