Nuvera Fuel Cells announced today that it will provide a PowerTap™ hydrogen refueling system to The Raymond Corporation for a forklift fleet demonstration.

CAMBRIDGE, MA, January 25, 2007 – Nuvera Fuel Cells announced today that it will supply a PowerTap PTH-12 hydrogen refueling system to The Raymond Corporation to support working fuel cell powered forklifts at their manufacturing facility in Greene, NY. The PowerTap PTH-12 will refuel a variety of fuel cell powered forklift trucks in an indoor setting.

“The deployment of PowerTap PTH-12 with indoor dispensing represents a major step forward in the commercialization of hydrogen products for the material handling industry,” commented Charlie Myers, Global Market Leader for PowerTap at Nuvera.

The PowerTap PTH-12 is a cascade storage, compression and dispensing system, able to provide useable hydrogen either from a third party gas distributor or from the Nuvera PowerTap hydrogen generation system. The compressor is a hydraulic intensifier that feeds the three-bank cascade storage/dispensing system at a peak operating pressure of 455 Bar (6500 psig). The cascade, storage and dispense system provides a consistent fill pressure, up to 350 Bar (5000 psi), with the average fill time for an industrial forklift taking under five minutes.

The Raymond Corporation was recently awarded a contract for $750,000 from the New York State Energy Research and Development Authority (NYSERDA) to research hydrogen fuel cell applications in electric lift trucks. Beginning in 2007, Raymond’s Greene, N.Y. manufacturing facility will become a “living lab,” for hydrogen fuel cell modules powering Raymond® forklifts in the facility. The goal of the program is to study the performance of hydrogen fuels in electric forklifts and to demonstrate the safety of a hydrogen-fueled forklift environment. Expected outcomes include a working indoor hydrogen refueling station (provided by Nuvera) and documented best practices for the design and application of indoor hydrogen refueling systems.

“The Raymond Corporation is committed to researching the application of hydrogen as an alternate method for storing energy on its forklift equipment,” says Michael Field, Raymond Vice President, Research and Development.

Nuvera Fuel Cells is a global leader in the development and advancement of multi-fuel processing and fuel cell technology committed to providing clean, safe and efficient power solutions. With offices located in the U.S. and Italy, Nuvera is committed to advancing the commercialization of hydrogen fuel cell power modules for industrial vehicles, equipment and stationary applications, natural gas fuel cell power systems for cogeneration applications, on-site hydrogen generation and on-board gasoline fuel processors and fuel cell stacks for automotive applications.

The Raymond Corporation is the leading North American provider of material handling solutions that improve space utilization and productivity, with lower cost of operation and greater operator acceptance. High-performance, reliable, ergonomically designed Raymond® products range from a full line of manual and electric pallet trucks and walkie stackers to counterbalanced trucks, Reach-Fork® trucks, orderpickers and dual-purpose (pallet handling/case picking) Swing-Reach® trucks.

Contact
Danielle Andre
Marketing Communications Coordinator
Nuvera Fuel Cells
Tel: +1-617-245-7571
Fax: +1-617-245-7511
Email: DAndre@nuvera.com

Kevin Trenga
The Raymond Corporation
Tel: +1-607-656-2415