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Meldungen 14.01.2004

14.1.2004: Meldung: FuelCell Energy Announces New Member of Board

George K. Petty has joined the board of directors of FuelCell Energy, Inc., Mr. Petty is a corporate director of Enbridge Energy Management, L.L.C. and Enbridge, Inc., leaders in the energy transportation and distribution in North America and internationally. Mr. Petty is currently a business consultant providing executive management consulting services to the telecommunications industry.

 

The appointment of Mr. Petty is an addition to FuelCell Energy"s board and brings the total number of directors to 12.

 

Mr. Petty is a former president and chief executive officer of Telus Corporation, a Canadian telecommunications company. Before assuming the leadership at Telus in 1994, he was vice president of Global Business Services for AT&T and chairman of the board of World Partners, the Global Telecom Alliance. Mr. Petty is also a past corporate director of CAE Incorporated, a Canada-based provider of integrated training solutions and advanced simulation and controls technologies to civil aviation, military and marine customers. He is also a past member of the Board of Governors of the University of Calgary, the Business Council of British Columbia and the Business Council on National Issues.

 

"We are please to have George join the board and I am confident that his leadership background with technology-related companies will be of great benefit to our board and to FuelCell Energy shareholders," said FuelCell Energy CEO and President Jerry Leitman.

 

In November 2003, Enbridge became a distributor of FuelCell Energy Direct FuelCell(R) power plants in Canada.

 

About FuelCell Energy, Inc.

 

FuelCell Energy, Inc., based in Danbury, Connecticut, is a world leader in the development and manufacture of high temperature hydrogen fuel cells for clean electric power generation, currently offering DFC power plant products ranging in size from 250 kilowatts to 2 megawatts for applications up to 50 megawatts. Its subsidiary, Global Thermoelectric Inc., is a leader in the development of solid oxide fuel cell (SOFC) products and the world"s largest manufacturer and distributor of thermoelectric stationary power generators for use in remote locations.

 

The Company has developed commercial distribution alliances for its carbonate Direct FuelCell technology with MTU CFC Solutions GmbH, a company of DaimlerChrysler AG, in Europe; Marubeni Corporation in Asia; Caterpillar, PPL Energy Plus, Chevron Energy Solutions and Alliance Power in the U.S.; and Enbridge in Canada. FuelCell Energy is developing Direct FuelCell technology for stationary power plants with the U.S. Department of Energy through its Office of Fossil Energy"s National Energy Technology Laboratory. More information is available atwww.fuelcellenergy.com.

 

This press release contains forward-looking statements, including statements regarding the Company"s plans and expectations regarding the development and commercialization of its fuel cell technology. All forward- looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, the risk that commercial field trials of the Company"s products will not occur when anticipated, general risks associated with product development, manufacturing, changes in the utility regulatory environment, potential volatility of energy prices, rapid technological change, and competition, as well as other risks set forth in the Company"s filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company"s expectations or any change in events, conditions or circumstances on which any such statement is based.

 

Contact:

FuelCell Energy, Inc.

3 Great Pasture Rd.

Danbury, CT 06813

Phone 203-825-6000

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