Appointment of Interim CFO

RNS Number:4665N
PolyFuel Inc.
07 February 2008




February 7, 2008

                                    PolyFuel


                           Appointment of Interim CFO


Mountain View, California, 7th February 2008 - PolyFuel, Inc (AIM: PYF), a world
leader in engineered fuel cell membranes for the portable electronic and
automotive industries, announces the appointment of Thomas Caldwell as Chief
Financial Officer on an interim basis. Mr. Caldwell replaces Mark Campion who
resigned as Chief Financial Officer of the Company earlier this month.


Mr. Caldwell has extensive prior experience as CFO with a number of companies,
including MyPoints.com where he led a successful IPO on NASDAQ. He has a BS in
Finance from Santa Clara University and an MBA from the University of Chicago.


Jim Balcom, CEO of Polyfuel, commented:


"I am delighted to announce Tom Caldwell's appointment as PolyFuel's Interim
CFO. He has an outstanding track record as CFO of several high growth companies
and I believe his experience will prove invaluable as PolyFuel moves towards the
commercialisation of its technology."


                                     -Ends-


For further information please contact:

PolyFuel, Inc                                    Tel: [phone]
Jim Balcom, Chief Executive Officer

Hogarth Partnership Limited                      Tel: [phone]
Nick Denton / Sarah MacLeod/Ian Payne

Collins Stewart Europe Limited (NOMAD)           Tel: [phone]
Mark Connelly /Seema Paterson


About PolyFuel:


PolyFuel (www.polyfuel.com) is a world leader in fuel cell technology,
particularly engineered membranes, that provides significantly improved
performance in both direct methanol and hydrogen fuel cells, especially for
portable electronic and automotive applications. The state of the art in fuel
cells is closely tied to the membrane, and PolyFuel's best in class,
hydrocarbon-based membranes enable a new generation of fuel cells that for the
first time can deliver on the long-awaited promise of clean, long-running, and
cost-effective portable power.


PolyFuel has an unmatched capability to rapidly translate the system-level
requirements of fuel cell designers and manufacturers into engineered polymer
nano-architectures. Such capability - based on PolyFuel's more than 150 combined
years of fuel cell experience, world-class polymer nano-architects, and a
fundamental patent position covering more than 25 different inventions - also
makes PolyFuel an essential development partner and supplier to any company
seeking to advance the state of the art in fuel cells. Fuel cells built with
PolyFuel's hydrocarbon membranes, as the Company's own performance-leading
reference designs have demonstrated, can be smaller, lighter, longer-running,
more efficient, less expensive and more robust than those made with other
membrane materials.


PolyFuel is working with most of the world's leading portable fuel cell system
developers, the majority of whom are household brand name consumer electronics
manufacturers. Several of the largest Japanese and Korean consumer electronics
companies rank PolyFuel's hydrocarbon membrane as the best portable fuel cell
membrane available in the world today, and its DMFC stack technology, which it
readily shares with its customers, is unsurpassed.


PolyFuel was spun out of SRI International (formerly the Stanford Research
Institute) in 1999, after 14 years of applied membrane research. The company is
based in Mountain View, California, and is publicly listed on the AIM market of
the London Stock Exchange.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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