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Fuel Cell Technologies Corporation
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V.FCT
0.55 (-0.04)
Fuel Cell Technologies (FCT) Signs California Contract
2/17/03
OTTAWA, ONTARIO, Feb 17, 2003 (CCNMatthews via COMTEX) --
Fuel Cell Technologies (FCT) today announced that it has signed a contract for 10 residential fuel cell units for
California's South Coast Air Quality Management District (AQMD).
In May 2002, AQMD announced that on the basis of an international competition it had chosen FCT as the
company with which it would negotiate a contract to supply 10 fuel cell power systems for the first California
clean air demonstration of fuel cells in homes. AQMD and FCT have now signed the contract, with the first
deliveries scheduled for later this year. The contract is scheduled to run through the end of 2005, during which
time FCT will install, then operate and maintain the residential fuel cells for 2 years.
As FCT stated in May 2002, with high efficiency, virtually zero-polluting emissions, and the ability to use fuels
available through existing delivery systems, FCT looks forward to the opportunity to demonstrate the
performance and the future possibilities of its SOFC power systems in California - an important marketplace for
FCT not only now, but in the future.
FCT is a leading developer and producer of power systems that provide for the distributed generation of electricity. The FCT products will provide on-site
electricity and heat for homes, small commercial enterprises, and remote locations. FCT's planned range of 1 kW to 50 kW SOFC products can operate on any
one of several readily available fuels.
Fuel Cell Technologies Ltd. is a wholly owned subsidiary of Fuel Cell Technologies Corporation. 20 Binnington Court, Kingston, ON K7M 8S3 www.fct.ca
Fuel Cell Technologies
Gary L. Allen
Director of Sales
(613) 544-8222 ext. 114
gallen@fct.ca
or
Fuel Cell Technologies
Barbara Haines
Investor Relations
(613) 544-8222 ext. 109
bhaines@fct.ca
NEWS RELEASE TRANSMITTED BY CCNMatthews The TSX Venture exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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