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(PTX.L) Protonex Technology Corporation Buy/Sell

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(RNS) 2009-10-01 09:00 Protonex Tech Corp - Exhibiting military products at AUSA
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RNS Number : 0311A Protonex Technology Corporation 01 October 2009 FOR IMMEDIATE RELEASE October 1, 2009 PROTONEX TO EXHIBIT NEW PORTABLE POWER MILITARY PRODUCTS AT THE AUSA ANNUAL MEETING & EXPOSITION DATELINE: SOUTHBOROUGH, MA; Protonex Technology Corporation (LSE: AIM: PTX and PTXU), a leading provider of advanced fuel cell power systems, today announces that it will exhibit several of its new portable power military products at booth ¿402 at the upcoming Association of the United States Army (AUSA) Annual Meeting & Exposition in Washington, DC, October 5-7, 2009. The portable power systems on display at AUSA will include: M250-CX PORTABLE BATTERY CHARGER: A 250-WATT PORTABLE POWER SYSTEM DESIGNED TO MEET THE STRINGENT DEMANDS OF A WIDE RANGE OF MILITARY BATTERY CHARGING AND AUXILIARY POWER UNIT APPLICATIONS. THE UNIQUE DESIGN COMBINES ADVANCES IN FUEL CELL ENERGY CONVERSION AND BATTERY CHARGING TECHNOLOGY INTO ONE COMPLETE PRODUCT SOLUTION TO PROVIDE SIGNIFICANT PERFORMANCE BENEFITS OVER INCUMBENT SOLUTIONS. SPM-611/612 SOLDIER-WORN POWER MANAGERS: ADVANCED POWER MANAGERS DESIGNED TO DRAMATICALLY REDUCE THE NUMBER AND VARIETY OF BATTERIES NEEDED BY A SOLDIER, WHILE ACTIVELY MONITORING AND MANAGING POWER USAGE TO ASSURE MISSION SUCCESS. THIS INTELLIGENT POWER MANAGEMENT SYSTEM COMBINES LEADING EDGE ADVANCES IN ULTRA-HIGH EFFICIENCY POWER CONVERSION, EQUIPMENT POWER MANAGEMENT, SOLAR SUPPORT AND ENERGY HARVESTING TECHNOLOGY TO OFFER BENEFITS THAT ARE CURRENTLY UNAVAILABLE TO MILITARY USERS. BPM-602 BATTLEFIELD AIR OPERATIONS POWER MANAGER: AN ADVANCED POWER MANAGER DESIGNED TO EFFICIENTLY COUPLE A DIVERSE SET OF ENERGY SOURCES TO POWER CONSUMING DEVICES. THIS INTELLIGENT POWER MANAGEMENT SYSTEM FUNCTIONS SIMILARLY TO OUR SPM PRODUCT LINE BUT HANDLES HIGH POWER DEVICES SUCH AS LASER DESIGNATORS AND HIGH POWER RADIOS. UAV-C250 & UGV-C250 ADVANCED PROPULSION POWER SOURCES: HIGH-PERFORMANCE ULTRALIGHT POWER SYSTEMS, DESIGNED TO SIGNIFICANTLY INCREASE THE ENDURANCE CAPABILITY OF UAV AND UGV MISSIONS. COUPLING FUEL CELL STACK TECHNOLOGY THAT CAN ACHIEVE 1,000 WATTS PER KILOGRAM WITH AN ADVANCED CHEMICAL HYDRIDE FUELING TECHNOLOGY TO INCREASE ENERGY DENSITY, THE UNIQUE POWER SYSTEMS ENABLE LONG DURATION MISSIONS NOT PREVIOUSLY FEASIBLE. "The products we are exhibiting at this year's AUSA are designed to dramatically reduce soldiers' logistics burden, along with their carry weight and bulk, and built to significantly lower operational life cycle costs for a wide range of military applications," stated Greg Cipriano, VP Marketing and Military Development for Protonex. "These new products meet specific portable power demands of military field use and greatly expand our ability to provide innovative, high value power solutions that are currently unavailable with advanced batteries or alternative technologies." ENDS - Enquiries `Protonex Technology Corporation Tel: +1 508 490 9960` Scott Pearson, Chief Executive Officer Margaret Dorsheimer, Director of Marketing `Redleaf Communications Limited Tel: +44 (0)20 7566 6700` `Press and Investor Relations protonex@redleafpr.com` Samantha Robbins Paul Dulieu `Piper Jaffray Ltd. Tel: +44 (0)20 3142 8700` Nominated Adviser Michael Covington Rupert Winckler Notes to Editors About Protonex Technology Corporation www.protonex.com Protonex Technology Corporation develops and manufactures compact, lightweight and high- performance fuel cell systems for portable power applications in the 100 to 1000-watt range. The Company's fuel cell systems are designed to meet the needs of military, commercial and consumer customers for off-grid applications underserved by existing technologies by providing customizable, stand-alone portable power solutions and systems that may be hybridized with existing power technologies. The Company is headquartered in Southborough, Massachusetts. This announcement includes statements which are, or may be deemed to be, "forward-looking statements". All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding Protonex' financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to Protonex' products and services) are forward-looking statements. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Protonex to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. These factors include but are not limited to those described in the Admission Document issued in connection with the Company's admission to AIM. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements in this announcement speak only as at the date of this announcement and are subject to risks relating to future events and other risks, uncertainties and assumptions relation to Protonex' operations, results of operations, growth strategy and liquidity. This information is provided by RNS The company news service from the London Stock Exchange END NRAIIFSDIVLLIIA
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