Astris Energi Inc.

Astris Energi Inc.

March 23, 2005 09:15 ET

Astris Energi to Exhibit at Premier European Event


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ASTRIS ENERGI INC.

OTC Bulletin Board SYMBOL: ASRNF

MARCH 23, 2005 - 09:15 ET

Astris Energi to Exhibit at Premier European Event

MISSISSAUGA, ONTARIO--(CCNMatthews - March 23, 2005) - Astris Energi
Inc. (OTCBB:ASRNF), the world's leading alkaline fuel cell (AFC)
technology company, announced today that it will be participating in the
world's largest, international group exhibit of hydrogen production and
fuel cell companies at Hannover Fair 2005 on April 11 - 15 in Hannover,
Germany. The exhibition is part of the annual Hannover Fair that is the
world's leading showcase for industrial technology
(www.hannovermesse.de).

The Group Exhibit Hydrogen + Fuel Cells will include more than 90
exhibitors from 20 countries including the EU countries, Switzerland,
Japan, Norway, the USA, Taiwan, Russia, and Canada (www.fair-pr.com).
Also running concurrently is an international conference whose theme is
"Hydrogen + Fuel Cells on their way to commercialization." Russian
President Wladimir Putin and German Chancellor Gerhard Schroder will
open the event. More than 30,000 energy professionals are expected to
attend the exhibit.

Astris will be displaying its complete line of alkaline fuel cells, fuel
cell systems and test equipment including the quiet, emission-free Model
E8 Portable Generator that is targeted for applications such as backup
power supplies, emergency site power and portable worksite power. Astris
will also be demonstrating the Freedom Golf Car powered by Astris' AFC
Generator that was developed as a direct replacement for existing
traction batteries in mobile applications such as forklifts,
neighbourhood electric vehicles, and golf cars.

"The Hannover Fair is the premiere event for us to attend in Europe and
presents us with a targeted opportunity to display our products to an
international audience of manufacturers, government sponsors, and
investors," said Jiri K. Nor, President and CEO. "This will be the first
time we have a display at the Hydrogen and Fuel Cells pavilion where we
will be actively seeking prospective business partners from around the
world."

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. Over the past 21 years, more than $17 million has been
spent to develop Astris' alkaline fuel cell for commercial applications.
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 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.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Astris Energi Inc.
    Loyola Financial Services
    Shareholder Services
    1-800-963-6470
    (702) 317-2301 (FAX)
    ASRNF@4lfs.com
    http://www.4lfs.com/