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Air Products and Chemicals, Inc. A worldwide supplier of atmospheric gases, process and specialty gases, performance materials and chemical intermediates. World's leading producer of comercial hydrogen.

Alternate Energy Corporation It's technology produces hydrogen from water without the need for external energy input at time of production. AEC's process involves a chemical reaction between a proprietary metal mix and the liquid solution. These metals are plentiful, stable in cost and produce effective, highly purified hydrogen utilizing a catalytic process at a maretable cost. It also owns patented technologies that enable electric utility companies and large multi-national industrial companies to increase their power output by up to 50% with a significant decrease in cost. AEC is a Value Added Reseller for Astris Energi's AFC Power Generator products.

Arotech Corp. (Nasdaq: ARTX) Has three divsions that service 7 markets, including: lithium batteries, zinc-air fuel cells, battery chargers, training courses and simulators for military and law enforcement, and armored vehicles. Since 2001, has been road testing zinc-air fuel cell powered buses with the intent to commericialize them.

Astris Energi Inc. Since 1983 has pioneered the development of alkaline fuel cells, and is the only company currently focusing on commercialzing them. Specializes in 1 to 10 kW systems, but anticipates linking modules together in bigger units for broader applications. Has three markets – stationary power (notably uninterruptable off-grid power and grid back-up power), portable generators, and small vehicles such as fork lifts and golf carts.

Ballard Power Systems Develops, manufactures and markets pre-commercial prototype PEM fuel cells for cars, buses, buildings, and portable products. It also offers electric drives for fuel cell and other vehicles, power conversion products, and is a Tier 1 automotive supplier of friction materials for power train components.

Ceramic Fuel Cells Developer of planar (flat plate) Solid Oxide Fuel Cells that run on vaious hydro carbon fuels. Is currently testing a 1 kW residential fuel cell it hopes to commercialize, first in Europe, in 2007. Listed on the Australian Stock Exchange in July 2004, it was listed on London's AIM Exchange.

Ceres Power UK. Founded in 2001 to exploit fuel cell technology developed at Imperial College. Manufactures 1 - 25 kW Modular Fuel Cells for Residences, Auxiliary Power, and Uninteruptible Power.

Delphi Corp (NYSE: DPH) Delphi is the world's largest supplier of transportation technology, with more than $27.4 billion in annual sales. In 2001, the DOE entered into a 10-year, $138-million cost-sharing program with Delphi and its partner Battelle to develop and test a SOFC auxiliary power unit (APU) that can be mass produced at low cost for commercial and military applications. Delphi and the U.S. government are sharing the cost of the program.

Distributed Energy Systems Inc. Holding company for two established businesses: Proton Energy Systemsand Northern Power Systems. As Distributed Energy Systems operating companies, Proton and Northern deliver a truly unique combination of practical, ready-today energy solutions and the solid business platforms for capitalizing on the changing energy landscape. In the longer term, Distributed Energy Systems will identify and fund other initiatives, implementing new strategic acquisitions, joint ventures, and alliances that meet emerging customer and investor needs.

Dynetek Industries Ltd. A leader in developing, producing and marketing lightweight compressed natural gas storage cylinders and compressed hydrogen storage cylinders.

Ener1,Inc. A holding company that owns four companies that manufacture and market Lithium Batteries, Fuel Cells, and Nanotechnology.

Energy Conversion Devices  Founded in 1960 by inventor Stanford Ovshinsky and his wife, Iris, run by Bob Stempel, the retired General Motors Corp. chairman, ECD offers products for the generation, storage and transportation of clean energy. It manufactures solar roofing panels, fuel cells, nickel metalhydride batteries, magnesium-based hydrogen storage devices, and other products used by the automotive, construction, energy-generation and electric equipment industries.

Enova Systems Manufactures commercial digital power management systems for controlling and monitoring electric power in automobiles and stationary power generators, including enabling technologies for electric, hybrid electric, and fuel cell powered vehicles.

FuelCell Energy  (Nasdaq: FCEL) (News) (Financials) Developer of carbonate fuel cell technologies for electric power generation. Has developed a proprietary patented fuel cell that adds to fuel efficiency and cost over competing fuel cells for stationary power generation. The fuel cell product line includes direct fuel cell(r) products. this system generates electricity directly from a hydrocarbon fuel, such as natural gas, by reforming the fuel inside the fuel cell to produce hydrogen. the direct fuel cell(r) products produce electricity from a variety of hydrocarbon fuels, such as natural gas and methanol. the customers include the agencies of the u.s. government and utility, commercial and industrial customers located throughout the united states, europe and asia. research and development contracts accounted for 81% of 2002 revenues and fuelcell batteries, 19%.

Fuel Cell Technologies (TSX: FCT) Developer and producer of power systems that provide for the distributed generation of electricity. As a clean air power generation company in the commercializing of fuel cell systems, our expertise lies in the design and integration of systems to produce innovative products for various applications including: Solid oxide fuel cell (SOFC) systems that: Provide power in the range of 1 to 50 kilowatts of electricity Operate on any one of several readily available fuels, including Natural Gas, Methanol and Biogas Provide on-site electricity and heat for homes, industrial applications small commercial enterprises, and remote locations.

Hoku Scientific. (Nasdaq: HOKU) News Annual Report Develops and manufacturers fuel cell membranes and membrane electrode assemblies for stationary and automotive proton membrane fuel cells. Incorporated non-flourinated Hoku Membrane® is an enabling technology for PEM fuel cell OEMs that Hoku claims offers improved performance and durability at reduced cost.

HTC Hydrogen Technologies Corp. (TSX: :HTC) Developing more cost-effective methods of hydrogen production and C02 capture/storage technologies.

HydroGen Corp. (OTC: HYDG) News (Financials) Developer and manufacturer of mega watt air-cooled phosphoric acid fuel cell systems through its operating subsidiary, HydroGen LLC. It's core technololgy is a 440 kW fuel cell module.

Hydrogenics Corp.  (Nasdaq: HYGS) (News) (Financials) (Annual Report) Designs and builds integrated proton exchange membrane, or PEM, fuel cell systems for power generation as well as for fuel cell testing and diagnosis.

Idacorp  (NYSE: IDA) (News) (Financials) (Annual Report) Boise-based holding company and serves as the parent company to Idaho Power; Ida-West Energy, an independent power project management and development arm; IDACORP Energy, a marketer of energy and energy-related products and services; IDACORP Financial, an investment vehicle which makes investments primarily in affordable housing projects; IdaTech, a developer and producer of fully integrated fuel cell systems; and IDACOMM, a telecommunications subsidiary providing high-speed Internet access technologies.

Impco Technologies  (Nasdaq: IMCO) (News) (Financials) Markets and manufactures products and systems which allow internal combustion engines to operate on clean burning gaseous fuels such as propane and natural gas.

ITM Power (AIM: ITM) Developing novel low cost materials and patented production methods to produce low cost fuel cells and electrolysers. The Company believes that the hydrogen fuel cells and electrolysers (for ‘self contained’ fuel supply) will be the fastest growing segment of the energy sector in the medium term.

Johnson Matthey (JMAT) (News) is a speciality chemicals company focussed on its core skills in catalysts and precious metals. Principal activities are the manufacture of autocatalysts and pollution control systems, catalysts and components for FCs, pharmaceutical compounds, process catalysts and speciality chemicals; the refining, fabrication and marketing of precious metals; and the manufacture of colours and coatings for the ceramic, glass, paint and plastics industries. The company supplies FC developers with a range catalyst materials and components, including PEM MEAs and has developed its own ("hotspot") reformer technology.

Magnetek, Inc. (NYSE: MAG) (News) (Financials) (Annual Report) manufactures digital power supplies and systems used in distributed power generation, industrial controls, medical electronics, semiconductor processing, consumer products, transportation, communications, information technology and other applications requiring highly reliable, precise, energy-efficient power. www.magnetek.com

Manhattan Scientifics Inc.(NASDAQ: MHTX) (News) (Financials)The company is focused on commercializing its existing technologies in the areas of Alternative Energy and Computer & Internet Technology. Inaddition, in close cooperation with U.S. Government labs in northern New Mexico (Sandia and Los Alamos), the company is working to identify new technologies capable of creating global change and acquiring, patenting and prototyping them to validate the promise. And finally, for thoseopportunities that show strong promise, commercializing them through corporate partnerships.

Medis Technologies Ltd. (NASDAQ: MDTL) (News) (Financials) involved in the development of highly advanced proprietary technology products primarily related to sources of clean energy for the 21st Century. Medis' primary focus is on direct liquid fuel cell technology. Its business strategy is to license or sell its technologies to, or enter into joint ventures with, large international corporations. In addition to its fuel cell technology, Medis' product pipeline, in varying stages of development, includes highly conductive polymers, the toroidal engine and compressor and stirling cycle system. Medis has also developed the CellScan with many potential applications relating to disease diagnostics and chemo sensitivity.

Methanex (Nasdaq: MEOH) (News) (Financials) is the world's largest producer and marketer of methanol. The company has been working aggressively to help rapid commercialisation of FC technology, and has entered into an alliance with Mitsubishi and Mitsui in the promotion of methanol fuel cell vehicles in Japan.

MTI MicroFuel Cells Inc., a subsidiary of Mechanical Technology, Inc (Nasdaq:MKTY) (News) (Financials) (Annual Report), was formed in 2001 to develop and commercialize proprietary direct methanol fuel cells (DMFC) systems as a future power source for wireless electronic devices.

Millenium Cell  (Nasdaq: MCEL) (News) (Annual Report-PDF) A leading technology company that has created a proprietary technology to safely store, generate and deliver pure hydrogen. These systems are used to provide hydrogen to fuel cells and internal combustion engines.

Medis Technologies, Ltd.  (MDTL) (News) (Financials) Develops and commercializes direct liquid fuel cell technologies for portable electronic devices.

Modine Co. (Nasdaq: MODI) (News) (Financials) (Annual Report) specializes in thermal management. Its products are used in light, medium, and heavy-duty vehicles, heating and cooling equipment, industrial equipment, refrigeration systems, fuel cells and electronics. Modine Manufacturing is developing cooling components for hydrogen fuel cells that might soon power automobiles. A fuel cell engine could have as many as 15 heat exchangers.

Pacific Fuel Cell Corp. (OTCBB:PFCE.OB) produces fuel cells in the portable and micro fuel cell market, utilizing nanotechnology.

Palcan Fuel Cells Ltd. (TSX: PC) (News) (Annual Report) Developer and manufacturer of low output 100 watt to 5 kilowatt proton exchange membrane fuel cells and metal hydride hydrogen storage products. Markets PalPac Power Products, a unique and integrated fuel cell power system. The Company's PalPacTM fuel cell systems are a reliable and clean environmental alternative to replace batteries and small internal combustion engines in global consumer products such as electric 2 and 3 wheeled scooters, NEV's such as closed circuit vehicles for airports, amusement parks, golf courses and airports, bicycles, wheelchairs, stationary, marine, and portable power products. The Company's manufacturing, research and development facilities are located in Burnaby, British Columbia. www.palcan.com

Plug Power  (Nasdaq: PLUG) (News) (Financials) Designs, develops and manufactures on-site electric power generation systems utilizing proton exchange membrane fuel cells for stationary applications.

Polyfuel (AIM: PYF) PolyFuel’s innovative hydrocarbon membrane technology is either under test at or been selected by virtually every one of the world’s leading portable and automotive fuel cell system developers.

Powernova Techonologies Corp. (Applied to SEC for OTC) PowerNova Technologies Corporation is developing a hydrogen production technology that uses a catalyst to produce hydrogen from hydrocarbons such a gasoline with zero emissions of greenhouse gases.

QUANTUM Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) (News) (Financials) Advanced fuel storage, fuel metering, electronic control systems, and system integration for manufacturers of fuel cell engines and internal combustion en

Questair Inc. (TSX: QAR) QuestAir is an emerging developer and supplier of advanced gas purification systems for the industrial gas, oil refining and chemical processing industries. Applications include hydrogen purification, hydrogen recovery, methane recovery from landfill gas, and helium purification. Long term the company is targeting emerging energy markets, such as fuel cell systems for distributed power generation and retail service stations which will provide hydrogen fuel for fuel cell powered vehicles.

STMicroelectronics (NYSE: STM) (News) (Financials) (Annual Report) Develops and delivers semiconductor solutions across the spectrum of microelectronics applications. Major supplier of the silicon chips used in mobile phones, has reported progress by one of its advanced R&D teams in developing tiny fuel cells, small enough to fit inside a mobile handset, that could generate all the electrical energy needed to power the phone from cheap and easily available organic fuels.

SGL Carbon Group (NYSE: SGG) (News) (Financials) (Annual Report) Global leader in industrial applications of carbon and graphite. The company is positioning itself to become a key supplier of mass-produced components for PEM fuel cells, including graphite flow field plates, support structures and electrodes, etc, using the SIGRACET Fuel Cell Components® brand-name.

Süd-Chemie Stock Price (Annual Report) has been a global market leader in the supply of Syngas catalysts used in the commercial production of hydrogen for the past 60 years. Süd-Chemie provides precious and base metal catalysts for all stages of fuel processing, including: desulphurisation, prereforming, reforming (steam reforming, ATR, CPO), CO shift conversion, selective CO oxidation / methanation, tail gas combustion. These can be produced as tablets, on foams, on monoliths, or heat exchanger/metallic surface coatings.

Sustainable Energy Technologies (TSX: STG) (News) Develops products that enable renewable energy resources to be an integral part of our electrical power system. The company has developed technologies that remove barriers to the conversion of renewable energy into usable electricity in specific applications.

Syntroleum  (SYNM) (News) (Financials) (Annual Report) Developer and licensor of The Syntroleum Process, a proprietary process for converting natural gas to synthetic liquid hydrocarbons, also known as synthetic crude oil, that contains less contaminants than conventional products made from crude oil.

Teledyne Energy Systems a Teledyne Technologies Company (NYSE: TDY)is a leading global provider of on-site gas and power generation systems based on proprietary fuel cell, electrolysis and thermoelectric technologies. As one of the largest suppliers of on-site hydrogen and oxygen generation systems, Teledyne's TITAN™ water electrolysis products meet a wide range of customer needs in the fields of utility power plants, food processing, microelectronics production, float glass production and other industrial applications. In addition to its traditional industrial markets, the Teledyne TITAN™ series is ideally suited for use in fuel cell test labs and alternative vehicle refueling systems where high purity, pressurized hydrogen gas is required.

United Technologies (UTC) (News) (Financials) (Annual Report) Its subsidiary UTC Fuel Cells is a world leader in fuel cell technology, supplying NASA space missions with AFCs since the 1960s, and supplying over 250 units of the 200kW PC25 PAFC. The company has worked very closely with Toshiba throughout the development of their PAFC system, and continues this close relationship in developing new PEM systems for transport and power applications.

Voller Energy (LSE:VLR) Proton Exchange Membrane (PEM) advanced Fuel Cell technology. a manufacturer of portable fuel cell systems based in UK. The Company was founded in 2002 by Stephen Voller and Mike Clarke to produce battery chargers and mobile generators based on patented fuel cell technology.

UQM TECHNOLOGIES, INC. (Amex: UQM) (News) (Financials) (Annual Report) is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, medical, military and industrial markets. A major emphasis of the Company is developing products for the alternative energy technologies sector including power systems for battery, hybrid and fuel cell electric vehicles.

ZAP (NYSE ARCA: ZP) (News) (Financials) In 1995, ZAP began selling electric bikes and scooters at zapworld.com. In 1996, ZAP did its own IPO on the Internet and raised $3.5 million in capital. In 2003, ZAP began selling electric cars. In 2004 it introduced electric ATVs. ZAP's business plan is to target the market for smaller, more fuel-efficient automobiles, largely ignored by the U.S. auto industry. ZAP imports 40 mph foriegn electric vehicles and converts them to meet U.S. standards. ZAP also imports and has exclusive U.S. distribution rights to France's popular 60 mpg gasoline powered Smart Car. It waited almost two years for EPA clearance to sell the Smart Car in the U.S., which it finally received in late February, 2006. It is now focused on selling the Smart Cars through its network of dealers. To date, it has sold more than 90,000 eletric vehicles in 75 countries.

 


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