Pacific Fuel Cell Corp. Announces United States Department of Energy STTR Award

Business Wire, July 20, 2004

TUSTIN, Calif. -- Pacific Fuel Cell Corp. (OTCBB:PFCE) is pleased to announce that it has been selected by the United States Department of Energy for a Phase I STTR (Small Business Technology Transfer) grant. The intended start date is September 1, 2004.

George Suzuki, PFCE President, stated: "We are particularly pleased that our research project in the area of fuel cell technology has been selected by the United States Department of Energy as worthy of funding."

The University of California-Riverside (UCR) will be the non-profit participating research institution. The UCR research team will be directed by Professor Yushan Yan, who received his PhD from the California Institute of Technology, and is a leading authority on proton conductive membranes and nanostructured electrodes.

UC Riverside's Center for Nanoscale Science and Engineering, headed by Robert Haddon, distinguished professor of Chemistry and Chemical & Environmental Engineering, features a research team of 25 faculty members from engineering, cell biology and neuroscience, chemistry and physics.

Pacific Fuel Cell Corp. is committed to producing fuel cells with increased cost effectiveness and higher performance, in the portable and micro fuel cell market, utilizing nano-technology.

Certain matters discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and, as such, may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.