Company announces plans to expand product platform by integrating hydrogen fuel cells with multiple OEM applications

Milan / Cambridge, Mass., July 30, 2002 – Nuvera Fuel Cells today announced it has launched a hydrogen fuel cell business based on its Avanti™ 5kW distributed generation product line. The new initiative provides OEMs with "ruggedized" hydrogen power modules ranging from 1 to 6kW that can operate under harsh conditions, such as those typically encountered in industrial, commercial, and automotive environments.

The announcement follows the successful ongoing field test of two Nuvera hydrogen power modules. The 1kW fuel cell systems, which utilize excess hydrogen from an on-site liquid hydrogen installation, are producing electricity for an essential laboratory process. The hydrogen power modules, at the MIT Lincoln Laboratory in Bedford, Massachusetts, will continue to operate for the near term for further evaluation purposes.

"The addition of hydrogen power modules to our product platform is a natural extension of our distributed generation fuel cell technology," said Roberto Cordaro, President and CEO of Nuvera Fuel Cells. "The new product line is the direct result of a rapidly growing demand for rugged hydrogen-powered applications for industrial and commercial OEM applications."

Nuvera's strategy now includes both reformer-based fuel cell systems and hydrogen power modules. The company will continue to develop fuel cell power systems (including fuel processors, fuel cell stacks, and power electronics) for the distributed generation and automotive industries, while leveraging its fuel cell stack technology for hydrogen power module applications such as industrial vehicles, range extenders for cars and "city electric vehicles," and uninterruptible power systems.

About Nuvera
Nuvera Fuel Cells (www.nuvera.com) is a leading designer and developer of fuel cell power systems, fuel processors, and fuel cell stacks for the automotive, distributed generation, commercial, and industrial markets. Since 1992, its fuel processors and PEM fuel cell stacks have been successfully tested and evaluated by major automobile and appliance manufacturers, research institutions, telecommunications organizations, and industrial and energy companies. Nuvera's fuel processors have demonstrated the ability to extract hydrogen from a number of liquid and gaseous fuels, including gasoline, ethanol, methanol, natural gas, kerosene, propane, butane, home heating oil, and diesel.

Contact
Robert Derby
Director, Marketing Communications
Nuvera Fuel Cells

Tel: +1-617-245-7571
Fax: +1-617-245-7571
Cell: +1-508-254-9668
Email: derby.r@nuvera.com