Pacific Fuel Cell Corp. Announces Nanotechnology Research Results Showing Increased Operating Life

    TUSTIN, Calif.--(BUSINESS WIRE)--Pacific Fuel Cell Corp. (OTCBB:PFCE) is pleased to announce that scientists at the University of California at Riverside and Pacific Fuel Cell Corp. have shown for the first time in a recent publication (J. Power Sources J. Power Sources., 2006, 158:154-159) that carbon nanotubes can have more than 40% longer life than carbon black under simulated cathode operating conditions.

    The same UCR group has also demonstrated previously that carbon nanotube based catalysts can double the Pt utilization, potentially leading to a significant cost reduction for fuel cell production.

    George Suzuki, PFCE President, stated: "Durability and cost are the most critical issues for the commercialization of fuel cell technology. One major contributor to the poor durability of current fuel cell systems is the corrosion of the amorphous carbon that has been used as catalyst support. This research confirms our belief in the use of nanotechnology to improve and commercialize manufacture of fuel cells."

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