Astris Energi Inc.
OTC Bulletin Board : ASRNF

Astris Energi Inc.

August 25, 2005 18:47 ET

Astris Energi Comments On New Analyst Coverage

MISSISSAUGA, ONTARIO--(CCNMatthews - Aug. 25, 2005) -

Company Clarifies Its Policy On Independent Analyst Research

Astris Energi Inc. (OTCBB:ASRNF), the world's leading alkaline fuel cell (AFC) technology company, acknowledged today that Market Advisors and/or affiliates issued news releases indicating that it has initiated coverage on the company. The company has a strict policy not to comment on analyst research recommendations or target stock prices.

The conclusions and opinions expressed in the report are those of Market Advisors, based on its own independent research, and on briefings with Astris. Astris does not endorse any of the opinions, forecasts, conclusions or recommendations by any analysts or firms.

About Astris Energi Inc.

Astris is a late-stage development company committed to becoming the leading provider of affordable fuel cells and fuel cell generators internationally. Astris is commencing pilot production of its POWERSTACK™ MC250 technology in 2005. Astris is the only publicly traded company in North America focused exclusively on the, economically more favourable, alkaline fuel cell. Additional information is also available at the company's website at www.astris.ca.

Forward-Looking Statements

Any statements in this release that are not statements of fact may be considered "forward looking statements" as that term is defined under securities laws in the United States and Canada. Forward-looking statements are only predictions and may differ materially from actual events or results. Investors should read the risks associated with the company on its form 20-F as filed with the Securities and Exchange Commission before considering any investment.

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