Protonex Receives $598,813 to Extend Capabilities of Unmanned Aerial Vehicle Propulsion Systems
September 17 2009 - 7:56AM
Business Wire
Protonex Technology Corporation (LSE: AIM: PTX and PTXU), a
leading provider of advanced fuel cell power systems for portable,
remote and mobile applications, today announced that it has
received a $598,813 contract with the U.S. Naval Research
Laboratory (NRL) for advanced development of high power fuel cell
systems for small unmanned air vehicles (UAVs). This new program
builds upon Protonex’ portfolio of UAV power system
initiatives.
Development work under this program will focus on increasing the
power density of the company’s Proton Exchange Membrane (PEM) UAV
fuel cell system while simultaneously scaling up the power output
of the system. Ultimately, the advanced system will be integrated
into a small NRL plane. The resulting hydrogen fuel cell system is
anticipated to provide up to 1.5 kW of power output (approximately
equivalent to a 2hp engine) and double the existing system’s
gravimetric power density. The increase in power will provide
additional capability to the UAV platform including improving
climbing, maneuverability, dash speed, as well as additional
payload capability.
Protonex’ fuel cell power systems for small UAVs offer
significant benefits over existing technologies including lower
heat and noise signature compared to internal combustion engines
while providing up to five times the energy density over today’s
advanced batteries. These advantages enable a wide range of
military applications and provide an opportunity to broaden mission
capabilities for small UAVs.
“We are very fortunate to have the continued support and
interest from the NRL and the Office of Naval Research,” commented
Dr. Paul Osenar, Chief Technology Officer, Protonex. “The team is
excited to have this opportunity to continue to optimize our core
technology by increasing the net power of our fuel cell system
while significantly improving the overall functionality of small
UAVs.”
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 100 to 1000 Watt range. The
Company’s fuel cell systems are designed to meet the needs of
military, commercial and consumer 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
headquartered in Southborough, Massachusetts.
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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