PTX Protonex Regs

 

TIDMPTX 
 
 
Protonex Technology Corporation 
11 February 2010 
 
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FOR IMMEDIATE RELEASE 
 
February 11, 2010 
 
 
                    PROTONEX SELECTED BY LOCKHEED MARTIN TO 
                    Enhance hulctm power supply technologies 
 
DATELINE: SOUTHBOROUGH, MA; Protonex Technology Corporation (LSE: AIM: PTX and 
PTXU), a leading provider of advanced fuel cell power systems today announces 
that it has been selected by Lockheed Martin (NYSE: LMT) to develop power supply 
concepts that will enable its HULCTM  robotic exoskeleton to support 72+- hour 
extended missions.  Protonex will evaluate fuel cell-based power solutions that 
can be carried by the HULC, while at the same time powering the exoskeleton and 
the user's mission equipment during extended dismounted operations. 
 
Lockheed Martin's un-tethered HULC exoskeleton is an anthropomorphic, 
electro-hydraulic design that currently operates on lithium polymer batteries. 
An on-board micro-computer senses the user's actions and ensures the exoskeleton 
moves in concert with the operator.  The HULC design maintains combat 
flexibility, allowing deep squats, crawls, and upper-body lifting with minimal 
human exertion. 
 
"Protonex is very pleased to be selected by Lockheed Martin to develop designs 
for advanced, long duration fuel cell power systems for its innovative and 
important HULC platform," stated Greg Cipriano, Vice President of Marketing & 
Military Development at Protonex.  "We see a very strong fit between the 
capabilities of our advanced fuel cell systems and the specific power 
requirements of the HULC exoskeleton." 
 
Protonex brings significant expertise in developing and manufacturing 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 by providing customizable, stand-alone and portable power 
solutions. 
 
 
 
                                    - ENDS - 
Protonex Technology Corporation                                          Tel: +1 
508 490 9960 
Scott Pearson, Chief Executive Officer 
Margaret Dorsheimer, Director of Marketing 
 
Redleaf Communications Limited                                           Tel: 
+44 (0)20 7566 6700 
Press and Investor Relations 
  protonex@redleafpr.com 
Samantha Robbins 
Paul Dulieu 
 
Piper Jaffray Ltd. Tel: +44 (0)20 3142 8700 
Nominated Adviser 
Michael Covington 
Rupert Winckler 
 
 
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. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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