Appoints Director of SOFC Systems Development

 

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RNS Number : 9814V 
Protonex Technology Corporation 
21 July 2009 
 

 
 
 
 
 
 
FOR IMMEDIATE RELEASE 
 
 
July 21, 2009 
 
 
 
 
Dr. CAine finnerty, FORMER CTO OF NANODYNAMICS, inc., JOINS protonex 
 
 
DATELINE: SOUTHBOROUGH, MA; Protonex Technology Corporation (LSE: AIM: PTX and 
PTXU), a leading provider of advanced fuel cell power systems for portable, 
remote and mobile applications, today announces that Dr. Caine Finnerty, a world 
expert in solid oxide fuel cells (SOFC), has joined Protonex as Director of SOFC 
Systems Development. 
 
 
Dr. Finnerty, formerly the Chief Technology Officer at Nanodynamics, Inc., 
assumes a critical leadership role in the Protonex SOFC development group in 
Broomfield, CO, expanding the capabilities of the existing SOFC team. His role 
at Protonex will be multi-faceted and includes the management of teams focused 
on advanced technologies, product development, project management and SOFC tube 
and stack development and fabrication. 
 
 
With over seventeen years of education and experience with analytical chemistry 
and SOFC development, Dr. Finnerty has played a key role in the development and 
implementation of micro tubular technology worldwide. After completing his 
post-graduate program in 1998 at Keele University (Staffordshire, UK), Dr. 
Finnerty, assisted in proving the viability of tubular SOFC technology in a 
Japanese NEDO program, then transferred early versions to Acumentrics in Boston, 
where he served as a senior fuel cell engineer.  Most recently, Dr. Finnerty was 
a founding member of Nanodynamics Energy, Inc. and built a multinational team of 
engineers and scientists. Under his supervision and guidance this group 
developed an industry leading SOFC technology, and successfully integrated that 
technology into portable SOFC systems operating on various fuels that have been 
tested and operated globally. 
 
 
Dr. Finnerty has completed postdoctoral, industrial development and 
commercialization programs on multiple SOFC applications, and has been involved 
in the design, development and production of systems up to 5,000 watts.He 
continues to contribute to the SOFC field via publication of a variety of papers 
in both journals and proceedings, and is named in several patents for a variety 
of companies in key areas of SOFC development, including materials, SOFC design 
and optimization, integrated stack design, electrochemical reforming and system 
operation. 
 
 
"Protonex began its investment in creating a world-class SOFC team in 2007 with 
its acquisition of Mesoscopic Devices. Since that date, we have made continuing 
investments and have demonstrated compelling results," stated Scott Pearson, 
Protonex President and CEO. "The addition of Dr. Caine Finnerty will further 
enhance the team's capability, allowing us to accelerate market entry for our 
leading edge military & commercial SOFC products." 
 
 
- ENDS - 
 
 
Enquiries 
 
Protonex Technology Corporation Tel: [phone] 
Scott Pearson, Chief Executive Officer 
Margaret Dorsheimer, Director of Marketing 
 
 
Redleaf Communications Limited     Tel: [phone] 
Press and Investor Relations [e-mail] 
Samantha Robbins 
Paul Dulieu 
 
 
Piper Jaffray Ltd. Tel: [phone] 
Nominated Adviser 
Michael Covington 
James Steel 
 
 
 
 
Notes to Editors 
 
 
About Protonex Technology Corporation 
www.protonex.com 
Protonex Technology Corporation develops and manufactures compact, lightweight 
and high- performance fuel cell systems for portable power applications in the 
100 to 1000-watt range. The Company's fuel cell systems are designed to meet the 
needs of military, commercial and consumer customers for off-grid applications 
underserved by existing technologies by providing customizable, stand-alone 
portable power solutions and systems that may be hybridized with existing power 
technologies. The Company is headquartered in Southborough, Massachusetts. 
 
 
This announcement includes statements which are, or may be deemed to be, 
"forward-looking statements". All statements other than statements of historical 
facts included in this announcement, including, without limitation, those 
regarding Protonex' financial position, business strategy, plans and objectives 
of management for future operations (including development plans and objectives 
relating to Protonex' products and services) are forward-looking statements. By 
their nature, such forward-looking statements involve known and unknown risks, 
uncertainties and other important factors that could cause the actual results, 
performance or achievements of Protonex to be materially different from future 
results, performance or achievements expressed or implied by such 
forward-looking statements. These factors include but are not limited to those 
described in the Admission Document issued in connection with the Company's 
admission to AIM. 
 
 
Forward-looking statements may and often do differ materially from actual 
results. Any forward-looking statements in this announcement speak only as at 
the date of this announcement and are subject to risks relating to future events 
and other risks, uncertainties and assumptions relation to Protonex' operations, 
results of operations, growth strategy and liquidity. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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