U.S. Congress Urged to Support Portable Fuel Cells to Catalyze Broad Adoption of Fuel Cell Technology; PolyFuel CEO Testifies to Senate Committee That Experience Gained in Supplying Real, Commercial Markets Will Speed Innovation Over the Long Term

Business Wire, July 18, 2006

PolyFuel is working with most of the world's leading portable fuel cell system developers, the majority of whom are household brand name consumer electronics manufacturers. To-date, every company that has completed their evaluation testing of PolyFuel's membrane has gone on to purchase PolyFuel's membrane products. Several of the largest Japanese and Korean consumer electronics companies rank PolyFuel's membrane as the best portable fuel cell membrane available in the world today. To date, NEC and Sanyo have disclosed they are using PolyFuel membranes.

PolyFuel was spun out of SRI International (formerly Stanford Research Institute) in 1999, after 14 years of applied membrane research. The company is based in Mountain View, California, and is publicly listed on the AIM stock exchange in London.

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This news release may contain forward-looking statements, including with respect to the development of the fuel cell market. Readers are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks inherent in the development and commercialization of potential products. Actual results may differ materially from the results anticipated in these forward-looking statements.

PolyFuel securities have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to U.S. persons (within the meaning of Regulation S under the Securities Act) unless the securities are registered under the Securities Act or an exemption from the registration requirements of the Securities Act is available. Hedging transaction involving any such securities may not be conducted unless in compliance with the Securities Act.