Joint Collaboration Agreement

    Embargoed Release: 07:00hrs Wednesday 5 March 2008

                              CMR Fuel Cells Plc                               

                           (`CMR' or the `Company')                            

    CMR Fuel Cells Plc and Acta SpA announce Joint Collaboration Agreement     

CMR, the specialist developer of high power density fuel cell stacks for
portable electronics applications, is pleased to announce that it has entered
into a Joint Collaboration Agreement (the "Agreement") with Acta SpA (`Acta')
to accelerate development of platinum-free, alkaline membrane fuel cells.

CMR is a leading developer of low cost fuel cell stacks for portable
applications, with trials underway with a number of OEMs. Alongside CMR's
alkaline membrane fuel cell program, the Company is developing acid
membrane-based, first generation products which will enable CMR to build early
market traction in less price sensitive applications and to follow-up with
lower cost, alkaline membrane-based products for mass market applications.

In the portable power market, Acta manufactures a unique range of platinum-free
catalysts for fuel cells, with trials underway with a number of portable
electronics OEMs. The removal of platinum from fuel cells is considered
essential to make them commercially affordable for future mass use.

The Agreement will initially coordinate the activity of the two companies with
leading technology just as market interest in alkaline membrane fuel cells is
beginning to grow rapidly. CMR brings outstanding stack and system engineering
expertise. Acta brings high performance low cost catalysts as well as extensive
expertise in the specific technology of alkaline membrane fuel cells. The
Agreement is expected to lead to further joint development activities in which
Acta catalysts and products would be engineered into CMR stacks to offer
enhanced value and market-ready products. Both companies have complementary
commercial contacts and trials ongoing which would allow for a rapid
commercialisation of technology jointly developed.

Acta and CMR concluded the agreement at Fuel Cell EXPO in Japan. The two
companies were the only AIM listed companies to have stands at the largest
trade show for fuel cells in the world, with over 450 exhibitors and 20,000
visitors over three days. Both companies demonstrated their latest catalyst and
stack technologies, generating encouraging customer interest.

Paolo Bert, Chief Executive of Acta, commented:

"Acta and CMR both have outstanding and complementary commercial and technical
capabilities. We are confident that this agreement will allow both companies to
develop and promote the high performance fuel cells that the market wants at a
price that the consumer will be happy to pay."

John Halfpenny, Chief Executive of CMR, commented:

"As leaders in our respective fields, this is a major opportunity for us both
to accelerate the development and deployment of the high performance, cost
effective portable fuel cell products that OEMs around the world need."

                                    -Ends-                                     

Further Information

John Halfpenny            CMR Fuel Cells plc        01223 875 544            
                                                                             
CEO                                                                          
                                                                             
Andrew Tan                Hansard Group             020 7245 1100            
                                                                             
www.hansardgroup.co.uk                                                       
                                                                             
Michael Ansell            Investec Investment       020 7597 5970            
                          Banking                                            
                                                                             

About CMR Fuel Cells plc

CMR Fuel Cells plc is a UK based developer of high-performance compact fuel
cell stacks for the portable consumer electronics industry. The Company is
currently engaged with a number of consumer electronics OEMs and leading fuel
cell system developers and plans to become a leading supplier of small,
low-cost stacks for Direct Methanol Fuel Cell (`DMFC') power supply systems.

DMFC power systems can deliver longer electrical equipment run-times than
conventional battery solutions as well as delivering other superior performance
features such as instant recharge, which are ideally suited for modern feature
rich, `always on, always connected' wireless devices.

In 2006, an estimated 1 billion Li-Ion battery packs were sold world-wide to
power portable consumer electronic devices. This number is expected to rise to
an estimated 1.9 billion in the year 2008. The 2006 Frost and Sullivan report
predicted that sales of consumer portable fuel cells could reach over 38
million units by 2009.

CMR has a broad and growing intellectual property portfolio and experienced and
capable technical, commercial and management teams which, when combined with
its world-class purpose built facilities, strongly positions it at the
forefront of its high-growth target markets.

About Acta SpA

Acta develops and manufactures unique patented catalysts which have been
launched initially to the renewable energy, automotive and portable electronics
/battery markets.

Acta's catalyst range for alkaline membrane fuel cells allows fuel cell
developers to stop using expensive platinum so that fuel cells can be made
commercially viable for mass adoption, particularly in automotive and portable
electronics applications. Adoption of HYPERMEC catalysts greatly reduces the
cost of fuel cells and additionally allows for the first time the use of a wide
range of safe liquid bio-fuels such as ethanol and glycerol.

Acta's catalysts for ammonia decomposition into hydrogen offer the automotive
industry access to a practical hydrogen carrier for the first time. The
catalysts extract hydrogen from ammonia at room temperature, allowing ammonia,
one of the most widely used chemicals in the world, to become a fuel for
automotive use, solving the problem of hydrogen storage and transportation.

Simple passive alkaline membrane fuel cells can act as a high performance and
environmentally friendly alternative to lead acid and alkaline batteries at a
commercially acceptable price.

Acta is also developing other commercial opportunities using its catalysts for
waste treatment in the bio-fuel, polymer and other industries.



END