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Protonex Technology Corporation (LSE: PTX), a leading provider of
advanced fuel cell power systems for portable, remote and mobile
applications, announced that the U.S. Air Force Research Laboratory
(AFRL) and development partner AeroVironment (NASDAQ: AVAV) have
documented a successful, record flight on a small, unmanned aerial
vehicle (UAV) utilizing a highly advanced fuel cell system from
Protonex. AeroVironment's "Puma" UAV system flew continuously for over
seven hours and was powered by the latest generation of Protonex'
ProCore(TM) UAV fuel cell system.
The duration of this most recent demonstration flight represents a
substantial increase in flight time for this class of small UAV. The
standard Puma has a reported flight time of approximately 2 hours on
rechargeable batteries, while other electric UAVs used by the military
have flight times ranging from 45 minutes to 1.5 hours. The 7+ hour
duration of the Puma flight using Protonex fuel cell power far
surpasses the longest previous Puma flight achieved by AeroVironment
using any technology.
Protonex has focused its ProCore UAV system developments primarily
on existing UAV platforms like the Puma, which is an established
military platform capable of meeting the stringent requirements for
takeoff and landing, robustness, portability, and the ability to fly
in a wide range of weather conditions - all characteristics typically
deficient in 'experimental' sail planes occasionally used for fuel
cell demonstrations.
The Protonex ProCore UAV system has a very low noise profile and
can provide up to five times the energy density of advanced military
batteries, addressing the rapidly growing segment of electric military
and commercial UAVs designed for specialty missions such as
surveillance, search and rescue, chemical-biological monitoring, and
other long-endurance specialty missions. The ProCore UAV system is a
high performance, ultralight fuel cell system, coupling fuel cell
stack technology that can achieve 1,000 watts per kilogram with an
advanced chemical hydride fueling solution. With further anticipated
improvements to its ProCore UAV system, Protonex expects even greater
flight times.
Commenting on the latest achievement of the ProCore(TM) UAV fuel
cell system, Scott Pearson, CEO of Protonex, said:
"This unprecedented UAV flight time demonstrated on the Puma
platform represents another significant milestone in the progress we
have made on our UAV power systems. This achievement comes as a direct
result of our focused effort, working with AeroVironment and the AFRL
to advance UAV endurance and payload capacity well beyond what is
achievable with existing battery and other fuel cell platforms. We
look forward to continuing this considerable progress with our
partners to extend the reach of UAV technology to other military and
commercial markets."
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 ten to 1000-watt range. The Company's fuel cell
systems are designed to meet the needs of military and original
equipment manufacturer (OEM) 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 based in
Southborough, Massachusetts.
About AeroVironment, Inc. (AV)
www.avinc.com
Building on a history of technological innovation, AV designs,
develops, produces, and supports an advanced portfolio of Unmanned
Aircraft Systems (UAS) and efficient electric energy systems. The
company's small UAS are used extensively by agencies of the U.S.
Department of Defense and increasingly by allied military services to
provide situational awareness to tactical operating units through
real-time, airborne reconnaissance, surveillance, and target
acquisition. AV's PosiCharge(R) fast charge systems eliminate battery
changing for electric industrial vehicles in factories, airports, and
distribution centers.
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.
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