SOURCE: UltraCell

July 17, 2007 09:00 ET

UltraCell® to Establish New Manufacturing Facility in Ohio

Facility Will Leverage Area's Manufacturing Expertise, Providing a Competitive Advantage While Boosting Local Economy

LIVERMORE, CA--(Marketwire - July 17, 2007) - UltraCell Corporation, a leading producer of reformed methanol fuel cells (RMFCs) for mobile power applications, today announced that it has selected a new facility for fuel cell production in the city of Dayton, Ohio. The facility is located at Dayton International Airport, a free trade zone. UltraCell's commitment to an initial 20,000 square feet in the 100,000-square-foot facility represents a major manufacturing milestone. The company has been awarded over $5 million in grants and tax incentives by the Ohio Department of Development, the Dayton Development Coalition and the Third Frontier Project, indicating the region's commitment to high technology manufacturing. A formal opening and ribbon-cutting event will occur later this year.

"I am pleased that UltraCell will be locating its new facility in Ohio, creating high wage jobs and increasing technology commercialization in the region," said Ohio House Speaker Jon Husted, who is from and represents the Dayton area in the Ohio House of Representatives. "By supporting innovative companies such as UltraCell, we are continuing to make Ohio's business environment more attractive and, more specifically, we are fostering our state's role as a leader for alternative energy technologies."

"UltraCell's manufacturing needs are a perfect match with Ohio's business strengths: an industrial base, technical resources and the manufacturing heritage necessary to build the technologies and systems that will power the future," said Ohio Lieutenant Governor Lee Fisher, who also serves as Director of the Ohio Department of Development. "These assets, combined with our state's talented workforce and academic community's focus on fuel cells, make Ohio an ideal place for UltraCell to develop this world-class manufacturing facility."

The plant, which will produce fuel processors and fuel stack assemblies, is projected to create hundreds of manufacturing jobs in coming years. UltraCell plans to expand the plant's capacity as business develops. Frank Beafore, UltraCell's vice president of manufacturing, will lead the effort. Beafore has spent 17 years developing manufacturing operations in Ohio and will concentrate on building and expanding UltraCell's manufacturing capabilities.

The state of Ohio has made a strong commitment to high-tech research and development, especially the fuel cell industry, in which it is establishing a reputation as a preferred location for fuel cell technology manufacturing. This commitment includes the Ohio Fuel Cell Initiative, a $103 million program aimed to create jobs in the sector, and the Third Frontier Project, a ten-year, $1.6 billion initiative to expand Ohio's high-tech research capabilities.

"UltraCell is excited to be a part of Ohio's commitment to research and development of fuel cell technology," said James Kaschmitter, UltraCell CEO and president. "Ohio is one of only a few places in the world where all phases of fuel cell development take place. We're honored to be able to extend our production into such a thriving area for growth in our industry."

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 visit: www.ultracellpower.com.

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