Polyfuel inks agreement with Johnson Matthey

April 14, 2006 – PolyFuel Inc., a developer of engineered membranes for fuel cells, announced that it has entered into an agreement to provide Johnson Matthey with the PolyFuel hydrocarbon direct methanol fuel cell (DMFC) membrane intended for fuel cells to power portable devices.

Johnson Matthey will use these membranes in the manufacture of catalyst coated membranes and membrane electrode assemblies. Under the agreement, Johnson Matthey Fuel Cells will be a PolyFuel “channel partner” and will purchase PolyFuel’s DMFC hydrocarbon membranes to manufacture a variety of products for the portable fuel cell market.

PolyFuel first launched its hydrocarbon membrane technology for the portable fuel cell market in early 2004.

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