Topic Name: A product-intent military portable power system with its Mobion®-30M product platform.
Research persons: The developer of MTI MicroFuel Cells Inc. ("MTI Micro"),
Location: Albany,NY, United States
Normally a system designed to produce potentially up to 600 Watt hours of run-time per cartridge which would allow airmen to power an average laptop over seven (7) times longer than its current Lithium-ion battery. In addition, since the Mobion®-30M prototype can support up to 30 Watts of average power and over 100 Watts of peak power, it can power a wide-range of rugged electronic devices in the field. When compared to the number of batteries required for a 72 hour mission, one (1) Mobion®-30M unit and two (2) additional easy-to-swap, 100% methanol fuel cartridges are expected to weigh about one-half the weight of currently used batteries. For the same amount of power, deployed airmen would have to carry nine (9) BA5590 batteries.
"The design of MTI Micro's Mobion technology enables us to create systems that are lighter weight and longer lasting in the field," said William Cook, Senior Engineer at Air Force Research Laboratory in Rome, New York. "This demonstrates the viability of fuel cell technology and MTI Micro's commitment to working with the Air Force to bring this new technology into the field for testing."
MTI Micro received a purchase order for fuel cell evaluation kits from AFRL earlier in the year. The purchase order includes the delivery of Mobion®-30M prototypes and fuel refills as well as initial training and technical support. AFRL intends to use these fuel cell evaluation kits in a program for the development of satellite communication terminals ("SATCOM"), which are portable high data rate transmission systems used in communications by special operations forces. AFRL plans to integrate Mobion® into these terminals — providing weight reductions and mobility benefits if deployed into the field.
"We recognize what our military customers need — a rugged, light, compact, power-pack that can work in most operational environments, and run longer than batteries," said Juan Becerra, Vice President of Market and Business Development for MTI Micro. "We are focused on developing products that can meet those requirements and improve the mobility and effectiveness of our soldiers."
AFRL's interest in researching these fuel cells to power SATCOM systems is receiving Congressional attention and support. The conference report to the defense appropriations bill includes language that encourages AFRL to continue to develop and test hybrid fuel cell power systems for SATCOM applications and also encourages the Air Force to continue this important research as it pertains to current and future missions.
This release follows an earlier announcement by MTI Micro on achieving its milestone of exceeding the energy density of a Li-Ion battery with a consumer prototype designed to produce over 95 Watt hours of continuous run-time with the capability of being refueled instantly, allowing users to charge a number of portable electronic products including GPS systems, gaming devices, MP3 players, and digital cameras.
About MTI MicroFuel Cells
MTI MicroFuel Cells Inc., a subsidiary of Mechanical Technology Incorporated (MTI) (NASDAQ: MKTY), is the developer of the award-winning Mobion® direct methanol micro fuel cell technology. MTI Micro has a world-class team of entrepreneurial business executives, researchers and scientists; a number of system prototypes demonstrating size reductions and performance improvements; significant related intellectual property; and has received government awards and developed strategic partnerships to facilitate efforts to achieve commercialization. More information is available at www.mtimicrofuelcells.com.
Statements in this press release which are not historical fact including statements regarding management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, future prospects and applications for fuel cell systems, including those adapted for military use; MTI Micro's future business prospects, technology and performance; the market potential for and progress MTI Micro is making in developing its Mobion® fuel cell systems, including fuel cell systems or prototypes suitable for use by the U.S Military; the timing or success of entry into the military market by MTI Micro; MTI Micro's ability to meet its stated milestones on time, if at all. All forward-looking statements are made as of today, and MTI and MTI Micro disclaim any duty to update such statements. It is important to note that MTI Micro's and MTI's actual results could differ materially from those projected in forward-looking statements. Factors that could cause the anticipated results not to occur include, among others, risks related to financing; uncertainties in development, manufacturing, competition and military demand for DMFCs; and the risk factors listed from time to time in MTI's SEC reports including but not limited to, the annual report on Form 10-K and Quarterly Reports on Form 10-Q.
DATE OF PUBLISHING : 2nd September,2006
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