TIDMPTX TIDMPTXU 
 
RNS Number : 8870L 
Protonex Technology Corporation 
20 January 2009 
 

 
 
 
 
 
 
Date: 20 January 2009 
On behalf of:    Protonex Technology Corporation 
 
 
 
 
 
PROTONEX: CHANGE OF ADVISER 
 
 
Protonex Technology Corporation (LSE: AIM: PTX and PTXU), a leading provider of 
advanced fuel cell power systems for portable, remote and mobile applications, 
has today appointed Piper Jaffray Ltd. as its Nominated Adviser and Broker with 
immediate effect. 
 
 
- ENDS - 
Enquiries: 
+----------------------------------------------------+----------------------------+ 
| Protonex Technology Corporation                    | www.protonex.com           | 
+----------------------------------------------------+----------------------------+ 
| Scott Pearson, Chief Executive Officer             | Tel:  (508) 490 9960       | 
+----------------------------------------------------+----------------------------+ 
|                                                    |                            | 
+----------------------------------------------------+----------------------------+ 
| Piper Jaffray Ltd                                  | Tel: +44 (0)20 3142 8700   | 
+----------------------------------------------------+----------------------------+ 
| Corporate Finance: Michael Covington, Paul Dwyer,  |                            | 
| James Steel                                        |                            | 
+----------------------------------------------------+----------------------------+ 
| Corporate Broking: Amer Khan                       |                            | 
+----------------------------------------------------+----------------------------+ 
|                                                    |                            | 
+----------------------------------------------------+----------------------------+ 
| Redleaf Communications Ltd                         | protonex@redleafpr.com     | 
+----------------------------------------------------+----------------------------+ 
| Press and Investor Relations                       | Tel: +44 (0)20 7566 6700   | 
+----------------------------------------------------+----------------------------+ 
| Sam Robbins / Paul Dulieu                          |                            | 
+----------------------------------------------------+----------------------------+ 
 
 
Notes to Editors: 
 
 
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. 
 
 
  *  Products-Protonex is developing three lines of fuel cell power products to 
  address its three core customer groups: OEM customers, commercial end users and 
  military end users. These products are all built upon a fundamental product 
  architecture that utilizes patented, scalable manufacturing technology to enable 
  low-cost production of reliable, extended-run fuel cell power systems. While 
  products may differ in power output, fuel type and balance of plant 
  configurations, all share technical content and development pathways and as a 
  result, Protonex is able to leverage vendor and/or component technologies across 
  platforms. 
 
 
 
  *  ProCore(TM) Technology-Protonex has developed a core fuel cell architecture, 
  called ProCoreTM  that serves as the basis for all of its product platforms. 
  ProCoreTM is based on patented, scalable manufacturing technology that enables 
  low-cost production of reliable, extended-run fuel cell power systems. 
 
 
 
  *  Protonex has an expanding intellectual property portfolio that includes Proton 
  Exchange Membrane (PEM), Solid Oxide Fuel Cell (SOFC) and fuel reformer 
  technology. 
 
 
 
  *  PEM technology:  the most developed technology used for many applications, 
  including portable, small stationary and transportation systems, due to its low 
  temperature operation (around 80oC, or 176oF), quick start-up times and longer 
  duration operation. Requires only hydrogen fuel and oxygen from the air to 
  operate. Protonex' patented design and manufacturing processes provide many 
  advantages compared to competing fuel cell solutions. 
 
 
 
  *  SOFC technology:  less mature than PEM technology, but offers advantages such as 
  fuel diversity, high efficiency and very compact size and weight. Protonex SOFC 
  systems are based on a tubular architecture and use a hard, non-porous ceramic 
  compound as the electrolyte, so cells do not have to be constructed in the 
  stacked plate configuration typically seen with other fuel cell technologies. In 
  addition, SOFC systems operate at high temperatures (around 800oC, 1,470oF), 
  which reduces costs by eliminating the need for a precious metal catalyst and 
  allowing SOFC systems to reform fuels internally. 
 
 
 
  *  Fuels-Protonex utilises multiple input fuels to create power from its PEM and 
  SOFC fuel cell systems. These two complementary technology platforms allow 
  Protonex to offer power systems that operate on hydrogen, chemical hydrides, 
  methanol, propane, gasoline, diesel, ethanol and other biofuels. Because fuel 
  cells process fuels electrochemically rather than burning them, running fuel 
  cell systems on carbon-based fuels still retains the environmental benefits 
  associated with fuel cells and other alternative power sources. 
 
 
 
www.protonex.com 
 
 
 
 
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. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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