Superior MicroPowders and Energy Visions Inc. sign strategic alliance

May 16, 2003 — Superior MicroPowders, a fuel cell materials supplier, and Energy Visions Inc., a developer of fuel cells and rechargeable batteries, announced recently that they have signed a Strategic Alliance agreement for the non-exclusive supply of fuel cell electrocatalysts and services by SMP to EVI.

Superior MicroPowders, a manufacturer of advanced fuel cell materials including its commercial DynalystTM series PEM, alkaline, phosphoric acid, direct methanol and metal-air electrocatalysts, has signed a Strategic Alliance agreement with Energy Visions Inc. related to the supply of SMP electrocatalysts and services for EVI’s flowing electrolyte direct methanol fuel cell (FEDMFC) products. While the terms of the Agreement were not disclosed, supply of electrocatalyst, technical support and next-generation electrocatalyst development were all addressed under the agreement.

Dr. James Caruso, SMP’s New Business Development Manager comments, We are delighted with our developing relationship with Energy Visions. EVI, another strategic partner and customer for SMP’s advanced fuel cell materials, has a unique DMFC technology that has clear advantages within the fuel cell industry. With the aid of SMP’s DynalystTM electrocatalysts, SMP believes it can aid EVI in the successful commercialization of its FEDMFC fuel cells.

Furthermore, SMP’s electrocatalyst production platform has significant process flexibility, offering customers like EVI unprecedented developmental capabilities to keep pace with ever changing operating and performance specifications.

Energy Visions is focused on the development of its high efficiency flowing electrolyte DMFC technology for portable power applications, adds Dr. Douglas James, VP and GM, Fuel Cell Division of EVI. Part of the strategy for reaching this goal is developing commercial relationships that allow us access to high-end application specific materials for our unique cell design and operating conditions. Our relationship with SMP adds a valuable partner to EVI’s strategy.

About Superior MicroPowders

Superior MicroPowders, LLC (SMP), established in 1997 and located in Albuquerque, NM, is an advanced materials developer and manufacturer servicing several high growth markets.

Superior MicroPowders Dynalyst(TM) electrocatalyst materials are engineered for use in PEM, direct methanol, alkaline, phosphoric acid and metal-air fuel cell systems. They offer excellent performance, superior handling and significant compositional and microstructural advantages versus traditionally manufactured materials. In addition to SMP’s experience in fuel cell stack materials, the company has a developing complimentary expertise in the production of advanced fuel processing materials and MEA design and fabrication technology.

About Energy Visions

Energy Visions, Inc. is a developer of advanced battery and fuel cell technologies for portable power applications. EVI works on leading-edge research, development and commercialization of fuel cell and battery technologies both through its in-house expertise and with technical and commercial alliances worldwide.

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