Pacific Fuel Cell Corp. Announces Increase in Production of Bipolar Plates, Break-Even and Profitability Targets

    TUSTIN, Calif. - (BUSINESS WIRE) - Pacific Fuel Cell Corp. (OTCBB:PFCE) announced today that with the addition of a second shift operation and extended hours, the company has been able to meet the ever increasing customer demand for fuel cell bipolar plates, especially from the forklift and stationary power markets.

    Mr. Dan McCluskey VP Sales and Marketing stated, "the demand for our fuel cell plates continues to rise and we are adjusting our operations to meet those demands. In addition to the establishment of second shift operations, Pacific Fuel Cell is adding (2) additional state of the art CNC mills to cover its machining requirements. We are building a very strong base of leading fuel cell companies that are ordering our plate materials on a regular basis. I am extremely pleased with the relationships we are building and I am very confident that PFCE is poised to become the premiere provider of components to the fuel cell industry."

    Mr. George Suzuki, President commented, "I have set a target for the plant to hit the breakeven point by the end of this year and be profitable starting in January 2008. PFCE is rapidly becoming one of the largest fuel cell plate molding and machine shops with MEA capabilities in the fuel cell industry. We want our customers to understand that we are completely dedicated to their success."

    Pacific Fuel Cell Corp. is a nanotechnology company committed to producing fuel cell components with reduced cost and higher performance in the portable, stationary and micro fuel cell market, utilizing nanotechnology.

    Certain matters discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and, as such, may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.