Contract To Extend UAV Propulsion Capabilities

 

TIDMPTX TIDMPTXU 
 
RNS Number : 1977Z 
Protonex Technology Corporation 
17 September 2009 
 

 
 
 
 
 
 
FOR IMMEDIATE RELEASE 
 
 
September 17, 2009 
 
 
 
 
PROTONEX RECEIVEs $598,813 to Extend Capabilities of Unmanned Aerial 
Vehicle 
Propulsion Systems 
 
 
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 announced that it has received a $598,813 
contract with the U.S. Naval Research Laboratory (NRL) for advanced development 
of high power fuel cell systems for small unmanned air vehicles (UAVs). This new 
program builds upon Protonex' portfolio of UAV power system initiatives. 
 
 
Development work under this program will focus on increasing the power density 
of the company's Proton Exchange Membrane (PEM) UAV fuel cell system while 
simultaneously scaling up the power output of the system.  Ultimately, the 
advanced system will be integrated into a small NRL plane.  The resulting 
hydrogen fuel cell system is anticipated to provide up to 1.5 kW of power output 
(approximately equivalent to a 2hp engine) and double the existing system's 
gravimetric power density.The increase in power will provide additional 
capability to the UAV platform including improving climbing, maneuverability, 
dash speed, as well as additional payload capability. 
 
 
Protonex' fuel cell power systems for small UAVs offer significant benefits over 
existing technologies including lower 
heat and noise signature compared to 
internal combustion engines while providing up to five times the energy density 
over today's advanced batteries.  These advantages enable a wide range of 
military applications and provide an opportunity to broaden mission capabilities 
for small UAVs. 
 
 
"We are very fortunate to have the continued support and interest from the NRL 
and the Office of Naval Research," commented Dr. Paul Osenar, Chief Technology 
Officer, Protonex. "The team is excited to have this opportunity to continue to 
optimize our core technology by increasing the net power of our fuel cell system 
while significantly improving the overall functionality of small UAVs." 
 
 
 
 
- ENDS - 
 
 
Enquiries 
Protonex Technology CorporationTel: [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 Steele 
 
 
 
 
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 
   END 
 
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