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--Continued Growth Expected from Bipolar Plate Manufacturing Business--
Pacific Fuel Cell Corp. (OTCBB:PFCE), a specialty component manufacturer for the fuel cell industry, said today it has received purchase orders valued at more than $200,000 for bipolar plates (BPPs) from six leading companies across different segments of the fuel cell industry.
"Today's announcement, although not significant in terms of dollars, represents an important step in our company's development as it attests to Pacific Fuel Cell's ability to meet the BPP needs of key industry players," said George Suzuki, president and chief executive officer. "While we are unable to disclose specific customer names due to contractual obligations, each of these six customers is in a leading position in its respective market, be it in the stationary, portable, micro or commercial fuel cell segments.
"We expect our BPP business to be an area of significant opportunity for Pacific Fuel Cell," Suzuki said. "Our enhanced manufacturing capacity and ability to meet the increasing demands of diverse customers in the fuel cell industry is expected to continue to drive our expansion."
About Pacific Fuel Cell Corp.
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. Products include low- and high-temperature BPPs, compression molding BPPs for high-volume customers and pressed plates using a CNC process for low-volume customers.
Certain matters discussed in this press release, including, but not limited to, the expected growth in bipolar plate manufacturing, 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. Other factors also may cause 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.
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