Medis Announces ASE Purchase Order for Power Packs

Fuel Cells Today, August 2, 2005

Medis Technologies, Ltd. recently announced that ASE International has issued a purchase order totaling more than $50 million for delivery of 200,000 of Medis' fuel cell Power Packs per month for the first year of availability from production and 400,000 Power Packs per month from the second year of production.

ASE chairman and CEO Edward Koss said the company issued the purchase order to ensure the sufficient availability of Power Packs for the more than 60,000 doors ASE services through its customers in the U.S. and Canada.

Contact: Robert Lifton, Medis, phone 212-935-8484, website http://www.medistechnologies.com.

(EIN STAFF: 7/28)