SOURCE: UltraCell

April 22, 2008 09:00 ET

UltraCell® Names New CEO, Expands Board of Directors

Keith Scott Joins as CEO, Dr. Al Joseph Joins Board

LIVERMORE, CA--(Marketwire - April 22, 2008) - UltraCell Corporation, a leading producer of reformed methanol fuel cells (RMFCs) for mobile power applications, today announced that it has named Keith Scott as its new chief executive officer and board member.

Scott brings more than 15 years of CEO experience to UltraCell. He has experience bringing new technologies to market and into mature manufacturing. Scott has served as CEO at Bindco Corporation, Metcal, Inc. and NHT. He has also held senior sales and marketing positions at Flextronics and Alien Technology, where he was responsible for developing and executing go-to-market plans.

Joining Scott as an addition to UltraCell's Board of Directors is Dr. Al S. Joseph. Dr. Joseph has more than 40 years of technology and senior management experience, founding companies Vitesse Semiconductor Corporation, Enhanced Energy Systems, Unitive Electronics, Inc. and Quad Design Ltd. Dr. Joseph serves as a director and part-time executive vice president of Tessera Technologies, Inc. and previously served as industry consultant and chairman of the board of Isothermal Systems Research, Inc., an advanced thermal management technology company.

"Keith brings tremendous experience and a strong track record," said Ronald E. F. Codd, chairman of UltraCell. "We look forward to working with him to continue to build on our success and implement new strategies to support our plans for future growth. His insights will be invaluable as we continue to focus on the production and commercialization of our portable fuel cell technology."

Codd continued, "Al brings tremendous perspective as an entrepreneur and consultant, and has proven over the course of his 40 year career his expertise in guiding and advising companies in all stages of development. We are pleased to have him join our board."

"UltraCell has evolved from fuel cell start-up to market leading provider with U.S. Army field tested and approved technologies, an expanding U.S.-based manufacturing facility and strong partners and resellers around the globe," said Scott. "I'm honored to be working with the UltraCell team, and look forward to executing the kinds of programs needed to support the company's next phase of growth."

"I'm thrilled to be a part of the UltraCell team; a true innovator in portable fuel cell technology," said Dr. Joseph. "This is an exciting time for the company and an incredible opportunity to bring a clean renewable energy source to the portable electronics market. I look forward to helping the company deliver the most efficient, portable fuel cell systems to market."

About UltraCell

UltraCell is a leading producer of fuel cell systems for mobile devices. The company has an exclusive license with Lawrence Livermore National Laboratories for micro fuel cell technology and has developed new technologies and intellectual property in the field of methanol-based fuel cells. For more information, please contact: UltraCell Corporation, 399 Lindbergh Ave, Livermore, CA. 94551; Tel.: (925) 455-9400; Fax: (925) 455-7750; or visit: www.ultracellpower.com.

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