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--Parties Agree to Dismiss Suit--
Pacific Fuel Cell Corp. (OTCBB:PFCE), a specialty component manufacturer for the fuel cell industry, announced today that the lawsuit filed against Pacific Fuel Cell Corp. in Ohio state court by SKRL Tool & Die, Inc. and SKRL Die Casting, Inc. was dismissed on January 10, 2008 by agreement of the parties. The dismissal entry states that all claims and counterclaims in the case were released and dismissed with prejudice. The terms of the Settlement Agreement are confidential.
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.
For more information about Pacific Fuel Cell, please visit www.pfce.net.
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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