CMR Fuel Cells signs Joint Development Agreement with Asian ODM

CMR Fuel Cells announces it has signed an exclusive Joint Development Agreement with a leading Asian ODM. The two companies will collaborate in the design and development of a stand-alone hybrid power system using both a battery and 25W Direct Methanol Fuel Cell charger intended for consumer use.

CMR Fuel Cells plc, the specialist developer of high power density fuel cell stacks and systems for portable electronics applications, is pleased to announce that it has signed an exclusive Joint Development Agreement ('JDA') with a leading Asian Original Design Manufacturer ('ODM'). The two companies will collaborate in the design and development of a stand-alone hybrid power system using both a battery and 25W Direct Methanol Fuel Cell ('DMFC') charger intended for consumer use.


The DMFC System being developed by CMR is designed to function with a battery being developed by its ODM partner and is anticipated to provide over eight hours of grid-independent power for a notebook computer from a single fuel cartridge; removing any reliance on mains electricity during its operational period.

Under the terms of the agreement, CMR will receive a purchase order for a number of prototype units to be supplied in 2009 as well as a letter of intent to CMR in respect of an initial purchase order of over 10,000 DMFC System units. The letter of intent is contingent upon the DMFC System conforming to the agreed technical specifications and successful acceptance by the ODM's own customer.

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Further Information

John Halfpenny
CMR Fuel Cells plc
CEO
01223 875 544

Vikki Krause
Hansard Group
020 7245 1100

Michael Ansell
Investec Investment Banking
020 7597 5970


About CMR Fuel Cells plc

CMR Fuel Cells plc is a UK AIM-listed developer of fuel cell 'stacks' and systems for portable and small stationary power generation applications. The Company is targeting the consumer electronics industry where there is growing demand for new power solutions which are smaller and longer running than today's Lithium batteries.

This demand is being driven by the increasing power requirements of portable electronics devices which have outgrown incremental improvements in the performances of traditional batteries. As a result, consumer frustration with short 'run-time', 'return to mains' recharging and questionable battery safety is compelling the electronics industry to develop and deploy suitable alternatives for power delivery.

Direct Methanol Fuel Cell ('DMFC') power systems can deliver longer electrical equipment run-times than conventional batteries as well as delivering other superior performance features such as 'instant recharge anywhere', which are ideally suited for modern feature rich, 'always on, always connected' wireless devices.

CMR is developing DMFC stacks and systems in the range of 5 Watts to 50 Watts of electrical power. These are suitable for applications ranging from media players and games consoles through to laptop computers and remote monitoring devices. Prototypes powering representative demonstration systems have been shown to potential customers around the world.

CMR is based in Cambridge, United Kingdom and is listed on the London Stock Exchange, AIM market as CMF.L

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