Astris Energi Inc.
OTC Bulletin Board : ASRNF

Astris Energi Inc.

January 18, 2006 09:15 ET

Astris Energi Fulfills Order for Fuel Cells, Generator and Test Equipment for Electronic Machining s.r.l.

MISSISSAUGA, ONTARIO--(CCNMatthews - Jan. 18, 2006) - Astris Energi Inc. (OTCBB:ASRNF), announced today that it has delivered the initial order for a fuel cell generator and supporting test equipment to Italy's Electronic Machining s.r.l. (El.Ma). The CDN$0.2 million order includes Astris fuel cells, test equipment, an E8 generator and engineering consulting and commissioning.

El.Ma. is a privately held company with offices and technical development facilities in Rovereto, Trento, Italy. Their fuel cell and hydrogen R&D activity is largely funded by the Provincia Autonoma di Trento, which is committed to the development of these technologies with an eye to seeding early market opportunities. Potential projects include a high profile demonstration in the town of Isera as well as another intended to replace many diesel generators in remote mountain locations.

"We are pleased to have delivered this order to El.Ma as it is the next step in our collaboration." said Peter Nor, Vice President Marketing and Corporate Development of Astris Energi. "We look forward to working together initially on a number of potential local projects that El.Ma has identified and in serving the European Market which we feel is currently developing ahead of North America."

"We are happy to have reached this important milestone with the Astris team." Said Dr. Eng. Massimo Luminari, Ph.D. Managing Director of Electronic Machining s.r.l. "We are excited to begin demonstrations of Astris' technology in a number of early opportunities that should follow successful demonstrations of the fuel cells and generators we have received."

About Electronic Machining s.r.l.

Electronic Machining s.r.l. (El.Ma.) specializes in project planning, implementation, and supply of remotely managed turnkey machines that are customized for specific industrial manufacturing and production processes. El.Ma. has designed, installed and operated a variety of automated machinery for high speed fabrication for a long list of clients. www.elmanet.it.

About Astris Energi Inc.

Astris is committed to becoming a leading provider of affordable stationary and motive power fuel cells and components. 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.

Contact Information

  • Astris Energi Inc.
    Peter Nor
    VP of Marketing and Corporate Development
    905-608-2000
    www.astris.ca